Charles Volk, Chairman & CEO of WGAS owns 1 Million (1,000,000) Preferred Series A shares with voting power 750:1 to the Common Shares. This means, he exercises voting power of 750 Million common shares.
It is noteworthy to establish that the recent titles awarded to Mr. Adams DO NOT supersede the governance authority of Mr. Charles Volk, neither in Title or Share Ownership Note: COO is accountable to CEO, President is accountable to CEO, and CEO is accountable to Chairman. Since Mr. Charles Volk is BOTH Chairman and CEO, he therefore remains in position of definitive authority over the direction of WGAS
$WGAS is subject to a nearly 1.1 Billion shares dilution spree by its lender, Ironridge, as per Judge order.
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