Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Today we finally have an update on the state of play at US Oil & Gas (USOP) – possibly the worst stock ever to gain a public markets listing. Not by choice does US come clean but eventually it had to serve up (predictably dire and predictably, as yet, unaudited) results for the year to September 30th 2013.