UYMG is one of my favorite penny stocks over the years because of how TINY the S/S has remained. I remember when every time it fell down close to .003 it would bounce like a bunny from there; this occurred like clockwork repeatedly until mid April i THINK. It has been silent the last few months but a few days ago it released news of a recent acquisition and it fell on deaf ears. UYMG is not the kind of firm that releases fluffy news, so I am surprised how most of the old veteran traders did not catch on to the news. It has been HEAVILY shorted and traders have not given shorts a reason to cover. Even on Twitter, I am the ONLY ONE talking about it, but I just started talking about it on Friday. BELIEVE ME, there are MANY who watch this stock... I am one of them, but are just waiting for volume. I think it can make a major run to the mid .003's with some volume and even a lot higher if enough volume comes in to scare the shorts into covering. Here is a short sample of the news recently released.
EAST HANOVER, NJ, Jul 17, 2012 (MARKETWIRE via COMTEX) -- Unity Management Group (PINKSHEETS: UYMG), a business resource and service company, today announced that its wholly owned subsidiary, On Track Technology (OTT), has acquired Integrated Oil and Gas Technology Solutions (IOG.) IOG is currently a licensed and bonded operator that has met the requirements for the State of Texas to operate oil and gas leases for approximately 2 years now. "Historically, Enhanced Oil Recovery (EOR) projects have the highest financial returns in the industry. EOR is a generic term for techniques that increase the amount of crude oil that can be extracted from an oil field. Using EOR, 60% or more of the reservoir's original oil can be extracted, compared with 20-40% using primary and secondary recovery. EOR has been used in the United States for several decades. The Department of Energy has estimated that full use of 'next generation' CO2-EOR in United States could generate an additional 240 billion barrels of recoverable oil resources. Developing this potential would depend on the availability of commercial CO2 in large volumes, which could be made possible by widespread use of carbon capture and storage," said Eddie Schillb, President of OTT.