Penny stock traders who hate to invest in sub penny stocks have missed out on incredible gains from U.S. Energy Initiatives Corp. (OTC PINK: USEI). USEI stock has now gained 5,333% since May 1st after leading the Pinksheets on the most actively traded list Monday with 811 executed trades to close at 0.0326, up 77.17%, with dollar volume of $727,074, on 22,031,452 shares traded. Shares of the Hybrid fuels focused company traded as high as 0.043 on Monday, “Blue Sky” territory, with no stock dilution, breaking through all resistance levels.
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USEI Stock Chart
Market Value: 4.81M
a/o May 03, 2012:
Shares Outstanding: 261.40M
Float: 134.90M
The Company is scheduled to announce prior to the market open on Tuesday that it, U.S. Energy Initiatives Corp., entered into a Joint Venture with BulovaTech Labs, Inc., a private company located in Austin, Texas, and Silicon Valley, California, to distribute Singular 96™, a fuel product designed to replace the current formulation of gasoline. USEI’s proprietary, patent pending, gasoline replacement product, developed by BulovaTech Labs, is called A Universal Fuel™, an enhanced energy feedstock that is blended with methanol and gasoline commanding an industry setting 96 Octane which is higher than any commercially available non-racing fuel.
The first delivery of Singular 96™ occurred on May 25, 2012 when roughly 800 vehicles were fueled. The price for Singular 96™, a premium grade 96 Octane fuel, was 0.07 a gallon below the local prevailing price for regular grade 87 Octane gasoline.
On Friday, June 1, the Company announced that it was making significant progress after sitting idle for years and is now positioning itself to begin the commercialization of an innovative hybrid fuel. The Company became completely ‘Current’ with OTC Markets by filing their Q1 Financials for the three months ended March 31, 2012 and announced the goal of U.S. Energy Initiatives Corp. to begin execution of their new business plan immediately. The plan includes the commercialization of a hybrid fuel, a high octane fuel for automobiles that is competitively priced to current fuel, that will give USEI immediate sales and revenue.
About USEI Stock
On April 13, 2012, U.S. Energy Initiatives Corp. acquired all of the assets and liabilities of AM Oil Resources & Technology a private company that once traded as a public company under the symbol AMOR.OB for 2.5 million shares of preferred stock and common stock to be issued at a later date. The Company has innovative oil recovery technologies and a strategy for recovering marginally producing oil. As a result of this acquisition, USEI’s oil and gas sector will seek to acquire and develop stranded or unrecovered oil properties for enhanced oil production, create partnerships with operators, create strategic alliances for primary and secondary recovery, and partner with farm-ins on properties where technology will be utilized to improve recovery efforts.
The Company’s goal is to become an environmentally responsible oil and gas company; utilizing all methods available to improve oil recovery. USEI will also market all of the Company’s technologies to a worldwide market to produce significant revenue and value for the Company’s shareholders.
Bottom Line: The penny stock has kicked some major rear-end and deserves maximum attention moving forward for those who play the Pinks. USEI has had huge gains in the last month and is approaching the $1 million dollar volume level which commands respect and attention of traders.
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