I have written more than a few comments about US Petroleum Holdings and none have been too complimentary for those peddling in its shares.
I don’t know whether there has been some outside pressure by official agencies, but I am pleased to see that the “official” website is now nothing more than a basic landing page with external links; that should deter a number of people at least from investing in what appears to be worthless stocks.
It is interesting that new wordpress sites are now available claiming to be a news digest from US Petroleum Holdings … e.g. http://uspetroleum.wordpress.com/ and http://uspetroleumholding.wordpress.com/.
Freudian slip maybe, but they claim that :
US Petroleum Holdings, Corp. is an independent energy company engaged in the procurement, exploitation, development, acquisition and operation of oil and natural gas properties with a geological focus in the United States. The company has implemented a business strategy that emphasizes development opportunities where the company has acquired several properties within a general area with proven reserves.
Now, I know of no company that would wish to officially make it known that they are associated with any exploitation in any form … but maybe the subconsciousness of the author shone through.
Here’s a case where somene bought US Petroleum Holdings shares and lived to regret it. There are plenty more cases to be found with a quick search; don’t be the next victim.
And remember, the next big scam may not involve US Petroleum Holdings or any of the broker names mentioned elsewhere. Boiler Room companies changes their names in a flash and new ones spring up. Just remember, check with the FSA that the company that wants to do business with you is licensed to do business in the UK .. and do carry out your own research.