Worthington Energy, Inc. (fka WGASQ)

[slow okie]

The ADR/Worthington combination transaction or a piece of it was reported in summary form in the f 10-k filed with the SEC on 4-16-14

It appears from that, although not occurring in the 12-31-13 reporting year, has occurred to an extent.

The first quarter 2014 financials have not been filed yet.

something traded hands in some manner--tangible oil and gas properties and intellectual property for 125K cash and 70M shares of common stock of Worthington--

It is a little difficult to understand why Mr. Adams and ADR would sell out all that property for 125K and 70M common shares in a company to that company that was headed down the tubes and he was to become the president and chief operating officer of that company which was heading down the tubes. To me, Mr. Adams and ADR must be gearing up to become a part of Worthington in some manner.

A straight out asset purchase of ADR assets would not accomplish a combination of the two entities in the manner in which Mr. Adams would stay on as the head operating man of Worthington and benefit from the oil and gas properties and the technology to rework those properties which he apparently developed.

To me that would have to be accomplished via a merger of some sort. Maybe one is the parent the other is the subsidiary.

That is why I wonder if all is out on this yet. It just doesn't add up when compared to the March 12, 2014 announcement.