Pulling the Plug on U.S. Energy Systems (USEY)
.S. Energy Systems (NASDAQ: USEY) took a tumble today after reporting its business and financial update, sending its shares plunging 40 percent to the lowest point it's seen all year.It's easy to see why the company's stock plummeted after the financials were posted; according to the release, the company had previously reported it had insufficient funds to cover the expansion of its UK gas assets, assets the company acquired only last year and that cover over 100,000 acres of natural gas properties in North Yorkshire, England. After reading on, however, it's pretty obvious that "insufficient funds" is an understatement. "Based…