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United States Oil Fund LP V.USO.RT


Primary Symbol: USO

The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the Benchmark Oil Futures Contract, plus interest earned on USOs collateral holdings, less USOs expenses. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.


ARCA:USO - Post by User

Post by notjustlookingon Aug 08, 2016 3:23pm
123 Views
Post# 25120380

Setup for 100:1 Reverse Split

Setup for 100:1 Reverse SplitThis just gets more pathetic. "US Oil Sands now has 1,706,284,790 common shares issued and outstanding. In consideration for providing the standby commitment, ACMO has been issued 160,725,000 warrants as further described below. If fully exercised, the Company would have 1,867,009,790 shares outstanding. Pursuant to the approval obtained from shareholders at the Company's Annual General and Special Meeting held on May 18, 2016, US Oil Sands intends to complete a share consolidation in the near future at a consolidation ratio to be determined by the Company's board of directors, but not exceeding 100 to 1." LMAO  1.7 BILLION Outstanding shares with another 160 MILLION Warrants on the sidelines. 
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