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Re: xZx post# 63680

Thursday, 04/24/2014 12:27:09 AM

Thursday, April 24, 2014 12:27:09 AM

Post# of 71458
I feel obliged to clear up some inconsistencies:

AM BETTING CEO IS OUT



I think not...

Charles Adams only became a President, COO, and Vice-Chairman.

Mr. Charles Volk is STILL the Chairman AND CEO

Corporate Governance 101: Chairman -> CEO -> President -> COO

Which means, Mr. Volk STILL has a greater position of authority than Mr. Charles Adams.

Next up:

Worthington will issue 70 million common shares and will pay $0.13 million in cash. Charles Adams, President and Chief Executive Officer of American Dynamic Resources will become President, Chief Operating Officer and Vice-Chairman of Worthington.



Mr. Volk owns 1 Million preferred shares with voting power 750:1 to commons. In other words, 750 Million shares worth of voting power. 750 Million or 70 Million? Which is greater?

On April 10, 2013, our Board of Directors authorized the sale and issuance of one million shares of Series A Preferred Stock to Charles Volk, the Company’s chief executive officer. These shares were valued at $250,000 which includes a premium for the voting preferences described above. Also on April 17, 2013, we issued one million shares of Series A Preferred Stock to Mr. Volk on the terms authorized by the board of directors

.

Just felt like its the need to clear up some BS.

Bottom Line: MR. VOLK is here to stay.

People should consider the imminent dumpage that is poised to occur as described here:

~1.1B Share Dumpage coming

$WGAS

REAL EYES REALIZE
REAL LIES

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