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Author Topic: USCI at a good entry point
GreenKnight37
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Close: 0.0009
High: 0.0011
Low: 0.0007
Volume: 231,936,939

A week and a half ago this thing had a run to .0035, so now appears a great time to get back in. The volume has been steady since the previous run, so there is likely to be a good deal of accumulation occuring. I know I've been doing it at least, got in at .001 and finally at .0009 today. Hoping to get out around .002 for a nice double

Make sure you keep an eye on USCI. It usually dips down a bit during the day, so you could get a nice buy-in price. But with all the accumulation occuring, this thing might experience a nice climb again.

--------

Company website: http://www.uscrude.com/
http://stockskill.net/Pinks/USCI/

"United States Crude International, Inc brings cutting edge enhanced oil recovery technology to the energy industry. Targeting heavy oil reserves, in addition to other types of marginally producing wells, United States Crude International uses its patented and patent-pending steam and gas injection systems to increase production from wells in oil producing countries around the world. "


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Special J
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I missed it...why did it jump up so much a week and a half ago. Did it move on news or just rumor? What makes you think it isn't going to drop down any lower?

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GreenKnight37
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It just had a good run that week, it didn't release news or anything. And yes, there is always a possibility of it dropping a bit lower, but I dont feel this will happen.

If you look at the charts, you can see that it was holding steady around .001 before its last run. It has a lot of support at this point. It does fluctuate around this point, so if you could get in at .0008 that would be ideal in my opinion.

Because it did move on its own and not with news, you never quite know if it will do it again. But at the least, its something to watch. Its at a good price right now, and if it starts to climb, it might run again.


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OilMan
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Uhm am I going blind or does the following show 745 Billion O/S????
==========================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT: June 21, 2002


United States Crude International, Inc.
(Exact Name of Registrant as Specified in its Charter)


Nevada
(State or Other Jurisdiction of Registrant or Organization)


02-8567 84-1521101
(Commission File Number) (I.R.S. Employer Identification No.)

25809 Business Center Drive
Suite D
Redland, California 92374
(Address of Principal Executive Offices) (Zip Code)


(888) 872 - 7833
(Registrant's Telephone Number, Including Area Code)

1
<PAGE>

ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.

This Form 8-K is being filed by United States Crude International, Inc. as
the Successor to U.S. Crude, Ltd. pursuant to Rule 12g-3, of the Securities
Exchange Act of 1934, as amended.

Effective June 6, 2002, and pursuant to NRS 78.565 2. (a), the Registrant's
predecessor, U.S. Crude, Ltd., transferred its assets and liabilities to a new
wholly-owned Subsidiary, called United States Crude International, Inc. ("USCU"
or the "Registrant"). USCU is, like U.S. Crude, Ltd., a Nevada corporation, and
its capital consists of 20,000,000,000 shares of Common Stock, Par Value $0.001
per share, and 40,000,000 shares of Preferred Stock, Par Value $0.001 per share.
Following the organization of USCU, and pursuant to an Asset and Liability
Transfer Agreement, USCU issued 745,000,000 shares of its Common Stock, Par
Value $0.001 per share, and 40,000,000 shares of its Preferred Stock, Par Value
$0.001 per share, to U.S. Crude, Ltd., and, in exchange, U.S. Crude, Ltd.
transferred all of its assets and liabilities to USCU. Thus, by virtue of the
ownership by U.S. Crude, Ltd. of all of the issued and outstanding shares of
USCU, USCU became a wholly-owned Subsidiary of U.S. Crude, Ltd., and USCU owned
all the assets, and became responsible for the liabilities of, U.S. Crude, Ltd.

Thereafter, and further pursuant to the statute, the Registrant pledged its
all of its assets to certain creditors of U. S. Crude, Ltd., to wit, Equity
Planners, LLC, Sea Lion Investors, LLC, and Myrtle Holdings, LLC (the Accredited
Investors ") in order to further secure the indebtedness owed to the Accredited
Investors on account of that certain Subscription Agreement dated August 1, 2001
(the "Subscription Agreement") with respect to a series of Convertible
Debentures issued by U.S. Crude, Ltd. to the Accredited Investors. Since NRS
78.565 2. (a) permits transfer, without shareholder approval, of assets of a
Nevada corporation to a wholly-owned Subsidiary by way of mortgage, or in trust
or in pledge to secure indebtedness of such a corporation, since the transfer
was to a wholly-owned Subsidiary of U.S.Crude, Ltd., and since the transfer was
in pledge to secure the indebtedness of U.S.Crude, Ltd. to the Accredited
Investors, no shareholder approval by the shareholders of U.S. Crude, Ltd. was
necessary to effect the transfer and the pledge.

Following the transfer of assets, and as noted above, USCU issued
745,000,000 shares of its Common Stock, Par Value $0.001 Per share, and
40,000,000 shares of its Preferred Stock, Par Value $0.001per share, to
U.S.Crude, Ltd. which, did, thereafter, declare a dividend of these (new) shares
of USCU to the Common and Preferred shareholders, respectively, of U.S. Crude.

The transfer of assets and liabilities followed by a declaration of a stock
dividend by U. S. Crude. Ltd. of its shares of USCU was taken for following
business reasons:

First, the transfer would give some degree of comfort to the Accredited
Investors and would reduce the potential for a of default under the Subscription
Agreement. Secondly, since theas a new entity, USCU would have no history of
operations and, therefore, relatively less complex Financial Statements. Thus,
transferring the assets to a new entity, with its relatively less complex
Financial Statements, would tend to make the value of the assets more easily
ascertainable. This, in turn, means that in the event of a default and judicial
sale, since the value of the assets would be more easily ascertainable, this
fact would tend to reduce the potential for litigation engendered by uncertainty
over asset valuation. Thus, since the transfer would avoid a possible default
under the Convertible Debentures, and, if there were to be a default after
transfer, since the potential for costly litigation over asset valuation would
be reduced, the transfer would be in the best interests of the Registrant and
its Shareholders.

2
<PAGE>

Concurrently, the Accredited Investors, as holders of the Convertible
Debentures entered into an Assignment and Assumption Agreement with the
Registrant and USCU pursuant to which U.S. Crude, Ltd. assigned Subscription
Agreement dated August 1, 2001, with respect to the Convertible Debenture, to
USCU. Also concurrently, USCU entered into an Asset Pledge Agreement with the
Accredited Investors, pursuant to which USCU pledged its assets (those formerly
belonging to U.S. Crude, Ltd.) to the Accredited Investors as additional
security for the debt evidenced by the Convertible Debentures.

In that connection, the Registrant, as the successor to U.S. Crude, Ltd.,
is presently obligated to re-pay approximately $ 100,000.00 in debt to the
Accredited Investors, and the Registrant, as successor to U.S. Crude, Ltd.
anticipates receiving additional funds pursuant to the Subscription Agreement.
Pursuant to the Assignment and Assumption Agreement, these rights and
obligations of U.S. Crude, Ltd. with respect to the Subscription Agreement would
enure to the benefit of and be binding upon USCU and the Accredited Investors.

So that the public shareholders of U.S. Crude, Ltd. would continue to enjoy
ownership rights in the business and assets of U.S. Crude, Ltd., U.S. Crude,
Ltd. declared a stock dividend of the shares of USCU Common Stock which it owned
to its own shareholders on a basis of one share of USCU for each one shares of
U.S. Crude, Ltd. held. Thus, effective at the Close of Business on June 6, 2002,
U.S. Crude, Ltd declared a stock dividend of its 745,000,000,000 shares of USCU
Common Stock to its (U.S. Crude, Ltd.'s) shareholders of record as of that same
date on a 1-for-1 basis, and, also, effective at the Close of Business on June
6, 2002, US Crude also declared a stock dividend of its Preferred Shares of USCU
(which are Restricted Securities) to its (US Crude's) Shareholders of record as
of that same date also on a 1-for 1 basis, as follows:

<TABLE>
<CAPTION>
<S> <C>

Class of USCR Preferred Held Class of USCU Preferred to be Received

4,000,000 Shares with 10:1 Voting Rights 4,000,000 Shares with 10:1 Voting Rights
4,000,000 Shares with 100:1 Voting Rights 4,000,000 Shares with 100:1 Voting Rights

</TABLE>

so that the Shareholders of US Crude received a total of 8,000,000 shares of the
USCU Preferred Stock, Par Value $0.001per share, with the right to cast a total
of 440,000,000 votes.

As a result of the stock dividend of the shares of USCU Common Stock,
effective at the Close of Business on June 6, 2002, trading in shares of Common
Stock of USCU began, and trading in shares of U.S. Crude, Ltd.'s Common Stock
will ceased, and U.S. Crude, Ltd. will be dormant for the foreseeable future.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.


(c) Exhibits:

EXHIBIT NO. ITEM

3(i) Articles of Incorporation of United States Crude
International, Inc.

4.1 Asset and Liability Transfer Agreement between U.S.
Crude, Ltd. and United States Crude International,
Inc.

4.2 Assignment and Assumption Agreement between U.S. Crude,
Ltd., Equity Planners, LLC, Sea Lion Investors, LLC,
and Myrtle Holdings, LLC, and United States Crude
International, Inc.

4.3 Asset Pledge Agreement between United States Crude
International, Inc. and Equity Planners, LLC, Sea Lion
Investors, LLC, and Myrtle Holdings, LLC.

3
<PAGE>

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, this report has been signed below by the following person on behalf
of the Registrant and in the capacities and on the dates indicated.


By: /s/ Tony Miller Dated:____________________
-----------------
Tony Miller, President and Director


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GreenKnight37
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Well thats from 2002, so its a bit outdated. Have a 2003 filing handy? I'm sure the number is pretty big regardless...but its always best to be looking at the correct figures
----

Oops...forgot for a second it was a pinksheet, so no filing. I'll do some digging tomorrow, its late!

[This message has been edited by GreenKnight37 (edited February 17, 2004).]


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emunahstock
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This stock is being mentioned on many boards. I might buy some more today.
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GreenKnight37
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USCI is up 22% today, currently at .0011

Hopefully this is the start of a new run, and hopefully you guys bought in when the price was low!


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chris1711
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I just tried to place an order and e-trade tells me that trading has been halted on this security....?


quote:
Originally posted by GreenKnight37:
USCI is up 22% today, currently at .0011

Hopefully this is the start of a new run, and hopefully you guys bought in when the price was low!



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chris1711
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Now it went thru.

???


quote:
Originally posted by chris1711:

I just tried to place an order and e-trade tells me that trading has been halted on this security....?




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GreenKnight37
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Must be an Etrade thing.

But today it dropped again, down to a low of .0007. If you could buy in there, you could just do a quick swing trade and sell at .0010. Nice little gain...if I had some extra money I'd be trying that!


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HiEveryone
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got in at .0008
wanted to sell it at .001
but it will not go thru
do not know why.....

[This message has been edited by HiEveryone (edited February 19, 2004).]


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chris1711
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Thanks Green, I dont' know what that was, in any case the order didn't fill, so I'll try again tomorrow. Hopefully .0007 is the bottom floor...

quote:
Originally posted by GreenKnight37:
Must be an Etrade thing.

But today it dropped again, down to a low of .0007. If you could buy in there, you could just do a quick swing trade and sell at .0010. Nice little gain...if I had some extra money I'd be trying that!



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Fallstaff
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Nothin' but BIG buys in at .0009 this morning.

FS


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OilMan
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Take a look at the charts on this one........
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GreenKnight37
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What about the chart?

Aside from the fact that its ruined by that misreported number...


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OilMan
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Exactly, am I missing somthing, I just do not see a run comming anytime soon..... If any see it different please share the DD
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GreenKnight37
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Heres a bit of links for some DD. And as for a run, Im not sure when one will occur. I'm not going to venture out and say a date or anything like that, because with any stock, no one can be 100% certain. Right now its at a great buy in price though. You could even do some 1-2 day swing trades if you can get in at .0008, sell at .0011. Its a nice little profit. But here are some resources for DD.
-------

Website: http://www.uscrude.com
Very nice PDF file on USCI's Products: http://www.benaissaoil.net/images/USCU%20Technology.pdf
(this found from Benaissa Oil Co., a top investor in USCI) http://www.benaissaoil.net/pages/1/index.htm
Email:
Public and Investor Relations
pr@uscrude.com
All Other Departments
admin@uscrude.com

Transfer Agent:
Pacific Stock Transfer Co.
702-361-3033
(info current as of 2/5/04 16:50pm)
OS = 1,358,962,365
float = 1,358,870,392
restricted = 91,973

News Releases: http://finance.yahoo.com/q/h?s=USCI.PK

SEC Filings: (before going to pinksheets) http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001101217&owner=include

Interviews: http://www.macreport.net/featured/USCI/company.asp http://www.uscrude.com/uscu/interview.html

Articles: http://www.gasandoil.com/goc/features/fex85286.htm http://www.gasandoil.com/goc/company/cnn03709.htm


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Special J
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USCI closed really strong yesterday on heavy volume....be sure to watch it as it opens this morning!
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GreenKnight37
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Bumping this original thread back to the top, as USCI no is not longer having a run.

But, as the topic says, USCI is entering back into a good buy point. It will likely drop tomorrow, so dont buy just yet though. Aim for .0007, get in at .0008 if that doesnt fill, then just be patient. About 3-4 weeks ago it had a run to .0035, and its run on Tuesday brought it to .0020.

If you can buy in at the .0007-.0009 range, you can easily double your money with the next run. This stock requires a bit of patience, and has some risk to it though - the last two runs were just cause of volume and being noticed, no PR or anything like that. But still, if the pattern holds, you'll make a good profit on this.


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bloodynri
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been watching this one too. hoping it drops to around 0.0005-0.0008.I'm definitely in around there.
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pegasus
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I agree. USCI has been good to us lately and there is no reason that I can see why the trend won't continue unless something happens here. I've already got a buy order in at .007. good luck all

quote:
Originally posted by GreenKnight37:
Bumping this original thread back to the top, as USCI no is not longer having a run.

But, as the topic says, USCI is entering back into a good buy point. It will likely drop tomorrow, so dont buy just yet though. Aim for .0007, get in at .0008 if that doesnt fill, then just be patient. About 3-4 weeks ago it had a run to .0035, and its run on Tuesday brought it to .0020.

If you can buy in at the .0007-.0009 range, you can easily double your money with the next run. This stock requires a bit of patience, and has some risk to it though - the last two runs were just cause of volume and being noticed, no PR or anything like that. But still, if the pattern holds, you'll make a good profit on this.



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GreenKnight37
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USCI is trading in the .0007-.0009 range again. Now is a great time to place some orders, start accumulating, and wait for the next run!
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bloodynri
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anyone got in usci at 0.0009? im trying for 0.0008. not filling.
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bloodynri
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Last time, USCI started running without news because of large volume. its 88 million right now. I'm still waiting for 0.0008. Its at 0.0009 right now. Should i go in or wait?
Is the volume high enough to start running again?
Thanks

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GreenKnight37
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I would sit at .0008 myself. I've been hoping for .0007, but dont know if I'll see that. I'll probably raise my bid tomorrow.

Dont get in above .0010 though. Sure, you could get in at that price and make a nice gain, but why? Buy in early when its trading like it is right now. But certainly dont go for any buys above .0015, a few people bought in the .002 range last week and now they're stuck for awhile. This isnt one thats gonna skyrocket, it just has runs. So buy while its low, put in your sell order, walk away and be patient. Thats all you can do.


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Forrestgump
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According to T/A, this stock should bounce shortly.
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Marcidius
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Be more specific about your TA...what do you see?
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bloodynri
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got filled at 0.0008 ! woohooo !! how about u guys?
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KostaVan
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According to my purchase price from first recommendation, I'm losing money. I'm waiting.
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