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Nine years have passed since the company's SEC registration was revoked. Did the company fold after that or continue as a private company?
I had shares in this company never thought for a sec it would ever fail
WGMGY SEC Admin Proceeding for Financials delinquencies:
http://www.sec.gov/litigation/admin/2015/34-75680.pdf
Here's a suggestion from a more knowledgeable person:
Caesars Palace has teamed up with 888.com so they will fly if UIEGA loosens up
Caesars and Wynn Resorts have also been in the news recently regarding their relationships with online poker rooms. Last Thursday, the Nevada Gaming Commission approved the first ever business partnership between a state-licensed gaming company and a foreign-based internet gaming operator, as Caesars Entertainment and 888 Holdings teamed up.
Together, the two companies will market the World Series of Poker and Caesars brands to gamblers in the United Kingdom.
That news was followed by an announcement that Wynn Resorts had partnered with PokerStars to support online poker legislation in the United States. The partnership would create a new online poker site, PokerstarsWynn.com, if Federal legislation were made a reality. Unlike the Caesars/888 deal, the Wynn/PokerStars partnership has yet to receive legal approval from the Nevada Gaming Control Board or the Nevada Gaming Commission.
http://www.ashtoncartwright.com/2011/03/31/caesars-palace-dealers-reject-tip-sharing-policy/
You see many think that since the B&M (brick & mortar) gambling establishments supported UIGEA that they will benefit the most when it is overturned. UIGEA really killed online gaming companies so they are pretty hurt right now.
B&M gambling establishments aren't doing so well because of the economy but nobody made it illegal to accept money like online companies. Therefore, these B&M companies such as Caesars & Wynn can partner with online companies or acquire them for their software and sites to quickly establish a strong presence in the online market. They couldn't do that before the UIGEA since online companies were fairly powerful and had lots of cash to compete with these huge types of B&M businesses.
(B&M businesses are simply those that you can physically walk into. They're buildings made with such things as brick and mortar-thus the name , in case you didn't know that).
Many think that politicians falsely claimed to be against online gaming because of money laundering to terrorist groups, corrupting people and ruining lives when, in fact, they were against online gaming because they were being bought off by B&M companies and the horse racing industry. When politicians tell you that they are for less govt intervention in business and then intervene and completely destroy not only one business but an entire business industry, something stinks. As we all know, politicians are bought off all the time and that's what happened in the UIGEA case also in my opinion. B&Ms were losing money to people gambling at home in their pajamas and they wanted it shut down or knocked down to its knees so that it could come in and take it over. There's too much money in people gambling from home and they were pizzed off that they didn't have a big piece of the pie. They were too far behind to catch the online companies on their own and needed political help.
Sloth
Sloth
Sorry, can't say. I don't really follow them anymore but I still hold my WGMGY shares since it would do me absolutely no good to sell them. I'm hoping for the ADRs to trade again by a miracle.
I do speak on a private board with some people that keep very up-to-date about gaming stocks. If I hear something there, I'll let ya know.
Sloth
What stock would you recommend as the best to
benefit from a passage of a online gaming bill?
No. WGMGY is dissolved. The administrators in England sold off all of their software to other companies. I think the only hope WGMGY has is to have another company use its shell and begin trading. It's really too bad because they had finally turned the corner and were really ready to grow when the U.S. passed UIGEA in 1996. Actually the bill didn't pass, they had to attach it to the Port security bill that passed in the last 1/2 hour of congress. Nobody even read the bill and knew the UIGEA was piggybacking it. The bill on its own had almost no support except Bill Frist and a couple others that were being bought off by other gaming interests such as horse racing and the brick and mortar casinos (ie. Vegas, Atlantic City).
If the gambling bill passes will WGMGY be able to get back into
the business?
New Bill Gives Online Gambling Another Chance
By Javad Heydary
E-Commerce Times
Part of the ECT News Network
03/30/11 5:00 AM PT
"Clearly, Americans want to gamble on the Internet, and policymakers need to provide both the freedom to do so, as well as ensure that appropriate consumer protections are in place," says Rep. John Campbell, who introduced the latest bill aimed at regulating online gambling in the U.S. If the new anti-UIGEA bill is passed, it would likely eliminate or reduce the number of state-level online gaming bills in the works.
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The issue of whether online gambling should be legalized is once again being taken up in the U.S. Congress. The Internet Gambling Regulation, Consumer Protection, and Enforcement Act has been introduced by Rep. John Campbell, R-Calif., with Rep. Barney Frank, D-Mass., as a leading cosponsor. Rep. Ed Perlmutter, D-Colo., and Rep. Peter King, R-N.Y., are also leading cosponsors. This bill is nearly identical to the anti-UIGEA (the Unlawful Internet Gambling Enforcement Act) bill introduced in the 111th Congress last year.
The new bill is designed to significantly overhaul the UIGEA, passed by the U.S. Congress in 2006. The UIGEA makes it illegal for U.S. financial institutions to transfer money to offshore gambling websites or to the online payment services those websites use. As a result of the UIGEA, many non-U.S. Internet gambling websites halted their provision of services to U.S. residents.
Regulation of Internet Gambling Operators
The new anti-UIGEA bill, like the previous version, would set up a regulatory framework and create safeguards for online gaming in the U.S. Internet gambling operators would be required to obtain federal licenses from the Department of Treasury in order to accept wagers over the Internet from individuals located in the U.S.
To obtain a license, an operator would be required to have a substantial U.S. presence, and at least 50 percent of its employees would have to be U.S. residents or citizens. Operators that previously accepted wagers from individuals located in the U.S. in violation of federal or state law would be prohibited from obtaining a license. After obtaining a license, operators would be required to
* take appropriate safeguards to prevent fraud, money laundering, underage and compulsive gambling;
* prohibit online advertising targeting underage or compulsive gamblers;
* prohibit the use of credit cards to gamble online;
* prohibit sports betting;
* require players to set financial loss limits; and
* prohibit operators from accepting wagers from persons on a self-exclusion list.
The bill applies to both foreign and domestic operators.
Sponsors Are Confident
Campbell believes that this new anti-UIGEA bill should be passed because the UIGEA has not been able to prevent Americans from gambling online.
"Clearly, Americans want to gamble on the Internet, and policymakers need to provide both the freedom to do so, as well as ensure that appropriate consumer protections are in place," he said.
Proponents of the new bill contend that regulating online gaming will protect Americans from an online gambling industry that is largely unregulated in the United States, as well as contribute to the economic growth of the U.S. by generating additional revenue.
Impact at the State Level?
If the new anti-UIGEA bill is passed, it would likely eliminate or reduce the number of state-level online gaming bills that have been proposed in recent months.
Until recently, New Jersey was set to become the first state to offer online gambling. Both the State Senate and the New Jersey Regulatory Oversight and Gaming Committee had approved an Internet gaming bill. The bill failed, however, as New Jersey Governor Chris Christie vetoed it, relying on the grounds that the New Jersey constitution requires the measure to be approved in a state referendum.
In the meantime, other states such as Iowa, Florida, Nevada and California are considering similar bills. Notably, of the aforementioned states, California's proposed bill is the only one that would permit forms of intrastate online gaming besides Internet poker.
Challenges Ahead
The new anti-UIGEA will be met with fierce opposition from the House Financial Services Committee. The chairman of the committee, Rep. Spencer Bachus, R-Ala., is strongly opposed to the legalization of online gambling. Moreover, the likelihood of the passage of any of the proposed intrastate bills is difficult to predict. Perhaps Nevada, with its more progressive approach to gambling, may adopt the proposed legislation.
Regardless, the one thing that almost everyone can agree on is the need to overhaul the current legislative structure in the U.S. when it comes to online gaming. The only questions are those of timing -- whether changes will come this year or the next -- and whether Congress will take the lead in legislative reform or leave it to state legislatures to fill the void through a patchwork of local laws.
http://www.technewsworld.com/story/72147.html?wlc=1301681502
KoenigSalomon, thanks for the reply. The topic of putting your shares up for sale to stop shorting has come up on these boards quite often. I didn't read through the new Nasdaq guidelines yet but previously, the only way to stop MMs from using your shares for shorting was having a "Cash" account that was not marginable. This was was TD Ameritrade and Etrade both told me.
Sloth
Guys,
I neither posted any price target nor I was saying somebody is buying the whole Ask away.
But again, to reduce MM manipulations please place your bets and tag your long positions with a limit
(e.g. around $5.00) so the MM is not allowed to do short selling anylonger.
IMPORTANT: since yesterday NASDAQ changes their rules in regard to short selling, please follow the link
http://www.nasdaqtrader.com/Trader.aspx?id=regsho
I believe the new rules are very positive. Nevertheless WGMGY is currently traded in the GREY Market without any transparency.
So in any case its not a mistake to place your limits now.
@Sloth, here are my answers:
- I have some limits in the market (range between $5.00 - $5.30). Currently I own around 500k shares but I'm aware of
more long term shareholders in Europe. I know most of the key shareholders in person, in total we have around 3-4m shares
- will we get the Ask? No, not yet. I'm quiet sure somebody is interested in buying the shell incl. loss carryforward (double-digit)
We need some more weeks until the cheap shares are bought away. But if done the potential buyer has to come with an attractive settlement price...
- who is the buyer? To be honest, I don't know. Very speculative, but if there is any buyer he comes from Britain
- any agreement? You are kidding, the whole egaming industry was and is very silent...
- money back? I hope so. But we need more time and some more patience
OVERALL: Longs, don't give your shares away for 5 Cent or 25 Cents. You are invested into egaming and
the game is still not over yet. Wait, be patience and we will see what happens next.
Regards
you can also reply to me, my address is taxguy10@optonline.net, however I only own 5,300 shares.
I don't get it KoenigSalomon. Remember when WGMGY was at $3.50. That is what I would like but according to you I should ask for $10 which is where the price would have gone if the UIGEA was passed by the U.S. congress.
Are you saying we will be able to sell our shares for what we're asking? Logic tells me that can't be.
What price are you going to set yours? I will match. I have 180k shares. I have been invested about the same time as you (1999).
I can't think about exact questions but if you could just answer the obvious ones like:
WIll we be able to sell our shares for what we ask. If yes (which I highly doubt), there has to be a limit?
Is there an agreement that all the shares will have to be bought?
Who is the buyer?
WIll we get our money back? Plus profit?
You can probably guess other questions I should be asking so if you could add anything else I would be deeply grateful.
If I can sell my shares at "a limit in the sky", I will fly you and I to Las Vegas to celebrate this (and I'm not joking).
Sloth (send me an email if you can't say certain things here - jhb420@excite.com)
Hey guys, if you are a long term shareholder please place your sell orders within the next days.
Why?
I'm a long term "bagholder" since 1999 and I estimate there are approx. 8,000,000 shares left in freefloat, half of them in US, half in Europe. Addtl. 5,000,000 shares are owned by sportingbet (perhaps they sold their package, I don't know) but largest amount of shares (around 50,000,000 shares traded directly in UK, named ODR) were deleted by the administrator in 2007 !!! So in total we are talking about 13,000,000 ADR's.
Most of the European shareholders, organized via a blog, placed their sell orders in the range between $4 and $5 and thats the reason why the MM came in trouble now.
PLEASE, US guys, place your sell order with a limit in the sky and we will get new highs soon... It seems there are currently negotiations between the administrator (UHY) and a potential shell buyer.
Please ask your questions and I will share all the informations I have. But please keep in mind there are at least 6 hours between you and me.
KS
Yea, who would buy a stock that was dead? Crazy people? I guess
time will tell!
The most informative info I've heard lately came from KoenigSalomon in post #296 about the administation. They can't start where they ended up since I believe all their software that used to be used by a lot of sites has been sold off but the name could be used by another company to start trading on an exchange.
I'm unsure about the whole situation but it seems a bit weird that so many shares have been traded lately on a stock that is supposedly dead.
Sloth
With internet gambling gaining interest in the U.S. & perhaps around the world I wonder if there is any chance the company can
pick up where they left off, someone is buying stock lately.
Yeah, I know. I've been invested in WGMGY for about 10 years and went through the company going into administration in the U.K. which is basically dissolution. There's not been too much volume and movement since the administration but in the last couple of weeks, there's has been.
I have no idea though what's going on. The company is a shell. They don't have any business operations or a BOD (that I know of).
Sloth
Another pump an dump play, oh well...
KS, if you'd be interested in join this group, you can apply here:
http://groups.yahoo.com/group/ghosts_of_early_islanderz/
It's a different group of people to say the least and Kurt is a member there. They said to pass along the URL to you.
I think that will take you there.
Sloth
Absolutely, I'll keep you updated. I'll pass along your post and info to the private Yahoo board on which I talk to Kurt. If you would be interested in joining that group, I could tell Kurt who I think is the moderator and see if I can get you access. Most of the people there were formerly involved in World Gaming. There' not much discussion any longer about WG but it is still mostly talking about stocks.
Sloth
Thanks Sloth,
for your reply. Seems like the US is a small landmark and Kurt's house is not far away from yours
No, I'm not the guy from Switzerland but I know him very well. The swiss guy (Akpa) and I did a lot of research over last months and we tried to finish the puzzle but to be honest it’s very difficult.
A quick update:
On October 13, 2006 the BoD of WG resigned and just minutes later the new announced administrator, UHY, sold the WG assets (software, hardware, sportsbetting.com) to Buronomics. That means somebody prepared the deal and mad all the negotiations, perhaps the current WG Managemet, Naismith and Moran?? At this point BetonUSA was involved but because of legal issues they skipped the deal. So the assets were never owned by BetonUSA, the owner is (or was) Buronomics. Perhaps REVITALIZED Ltd., Mauritius is a subsidiary of Buronomics, but I dont know exactly.
Nearly at the same time Barclays sold the secured credit (remaining amount around pound 21m) to an English investment company, Southwark Investments Ltd. Southwark was a branch of Yieldtown Ltd and they were owned by SGI Ltd.
SGI Ltd is controlled by a british billionaire, Peter Shalson. Very interesting: this guy bought a lot of options/derivates of WG Plc and lost a lot of money. His final stake in WG was approx. 8% !!!!! Nevertheless he bought the secured credit from Barclay, I heard about a pay check of pound 1.5m.
http://www.junowebdesign.com/biography/peter-shalson-biography
There is another British billionaire and you should know his name, it’s Richard Branson. He invested some bugs this year into console gaming, the frontend is worldgaming.com but routed over to virgingaming.com.
No clue if there is any chance to get our money back.
But if you should know some interesting details please let me know.
Regards,
KS
Got a reply for ya. I told him about you posting here and if he remembered you.
As I recall xxxxxx, he's an investment guy in Switzerland?
My best to him, and no I sold my shares at 47c before the bottom fell out.
Thanks.
Yes Merry Xmas to you also. I am in contact with him occasionally through the internet but I'm not sure if he still holds his shares. I passed along your post and will let you know if I hear back from him. He may even show up here to respond.
I still own my shares and I still have WGMGY on my watch list and know that shares are commonly traded each week. There were some months where large amounts of shares were traded but it's been pretty thin lately.
Thanks for the link to the administration.
I guess we can hope that someone uses the company as a shell. I know the old url or worldgaming.com is now for online video gaming. It does me no good to try to sell my shares and take the loss at this time. I think that's what most did back in 2006? when it went into administration.
Keep in contact here because I still have WG on my favorite list and check messages. There can't be too many of us around.
Sloth
Hi Sloth,
there are a lot of Europeans sitting on their ADR'S. Perhaps you are aware all AIM listed shares (called ODRs) are worthless since at least 2 years just the American ADR's are still part of the game. I read in one of the administration/liquidators statements of around 13m remaining ADRs thereof SBET 5m share (via Goodison Park).
WG is still under administartion/liquidation and I'm wating for the next perhaps last filing from UHY, the administarator. If you want you can check here, its a official UK government site:
http://wck2.companieshouse.gov.uk/fa0dbfe5fa0362f33e48a3d60da95fde/wcframe?name=accessCompanyInfo
Latest filing is from October 1st (LIQUIDATOR'S STATEMENT) and
part of this filing is an extension of administration/liquidation until December 2010. Thats now !!!
Is Kurt Stine still around and owner of his shares, do you know this.
Merry Xmas,
KoenigSalomon
Good morning pennypincher44 or good day depending on your time.
The price isn't what fascinates me, it's the volume as of late. We had a couple of days with volume over 100k and a few days with consistent trading. A bit abnormal for WGMGY since they went into administration. I don't think it has anything to do with the old company. I'm pretty much sure about that. I'm hoping that some company does a reverse merger with it to become a public company. I wish there was someone who could give an inside scoop on the situation and the trades.
I guess it could be people like me who still own shares and are selling those shares but someone is buying them to cause the price to go up. There's been a couple other times within the last two years where the volume has become higher than normal and then it just stops again. At those times, the volume showed up all at once as if it was just one trade. Over the last week, I've watched it on my Etrade Marketcaster and there's been multiple trades throughout the day as a normal stock would trade. We will see what happens. Crossing my fingers for a miracle.
Sloth
Hi Sloth97, WGMGY stock is at 2 cents in my brokerage account, not bad for a shell company don't you think??
Crazy action the last two days. Yesterday there was about 150k shares traded and up to over a penny. Today a 2k trade took it to 2 cents and now the volume is up to 25k. Usually, there's one chunk of volume if there is volume and that's it for the day. Yesterday and today seems to have mutiple trades for some reason. This stock mystifies my regularly. Still holding all my old shares in case the phoenix rises from the ashes again. Of course, it wouldn't be the old WGMGY but it would be some operating company under that symbol.
Sloth
Pennypincher, I have no idea. This stock does not trade any longer on the AIM in London as far as I know. It doesn't have a board of directors or anyone for that matter in the company. It's just a shell. The only thing that I can think of is that some company will use this stock as a shell to start trading. This method is usually cheaper than starting up a new publicly traded company be getting a trading symbol, registering the shares and getting enough shareholders (I think you have to have a certain number of people willing to buy the initial shares upon trading).
There is a WorldGaming.com where this company's website used to reside but it's a video gaming site. They're a private company from what I can tell and have nothing to do with the old WG that did software for online gaming/betting. I still have all my old WG shares It would be nice to see a company come in and merge with WG to start trading under the symbol. The consistent volume is perplexing to me too.
Sloth
Hi Sloth97, why do you think this stock spikeD %400 today, 04/23/2010.
Give me your input about this, I hope you are still around, we haven't posted for about 3 months on World Gaming (WGMGY)
I know the it trades in the London Stock Exchange(LSE), AND they are not liable to report to our S.E.C., but maybe you can dig up some information for us.
GLTU
Thank you Sloth97.
Here's how it was explained to me back in October of 2006 by another fellow investor:
Note" The "p" stands for pounds which at that time the conversion was about 60cents/1pound.
To my understanding, after paying SPORTSBETTING their premium that
was due (several $mil), there wasn't enuff to pay Barclays bank the
remaining $30mil owing on the loan since WG was shutting down taking
US bets.
I'm told they were offered 2/different offers to buy them over a
month before all this happened. One by Craig Levett at BetonUSA,
and one from SBet at 1.45p/sh. They turned both offers down because
the BoD felt WG "was worth more than they were being offered". Both
of these were material events and should have been disclosed to
shareholders, and I'm also told that management/BoD can still be
sued for their mismanagement of both offers. Had they accepted the
SBet deal, it woulda finalized before Fristday the 13th and you'd
all be holding SBet shares now.
Here's some info I found on our dear Claude Levy's site. Despite
how much he's hated by most here, his reporting is usually spot-on
(save his throwing in a few "crooks", and "lying scumbag" remarks :)
----------------
"World Gaming recently obtained a short-term loan of $ 1.5 million
just to stay afloat. This money was borrowed from a licensee, a
pretty desperate sign. On a previous occasion, they also borrowed
from another licensee (NOTE by me: I'm thinking this was
BetonUSA,which is why they were able to so quickly obtain the
software and sportsbook - why else could they have gotten it so
quickly from the Administrator, on the same day the Chpt 11 was
filed?).
As a UK domiciled company, World Gaming will have no Chapter 11
protection from the U.S. bankruptcy code. Chapter 11 helps companies
rehabilitate or reorganize. During the process, a creditor cannot
pursue certain debts and so the debtor is given the chance to
restructure affairs to meet financial obligations.
When the debtor is an individual, once the liquidation and
distribution are complete, the bankruptcy court may discharge any
remaining debt. When the debtor is a corporation, upon liquidation
and distribution, the corporation becomes defunct. Remaining
corporate debts are not formally discharged, as they are with
individuals. Instead, creditors face the impossibility of pursuing
debts against a corporation that no longer exists, making formal
discharge unnecessary.
The deal that World Gaming struck with their licensee involves the
source code of their software and their hardware as security for the
$ 1.5 million loan. World Gaming is mortgaged right up to the hilt,
ready to go under. Creditors can take it over for peanuts and the
shareholders, not for the first time, will get screwed. Starnet at
one time had a very profitable porn business, which they "sold."
However, the money was never paid so the shareholders got nothing,
just another insider's crooked deal. The same trick will probably be
done with the gaming business.
The deal also includes a waiver for the licensee fees until the loan
is repaid. That means that World Gaming's revenues will be hit, and
the chances are the crooks will find bankruptcy staring them in the
face that much faster.
Under English law a company that can't pay its debts as they fall
due is technically bankrupt and if they don't file for bankruptcy
soon, the directors are taking the risk of being sued personally and
on behalf of the company."
So, with the software & SPORTSBETTING gone to BetonUSA,
there's really not much left for paying off their creditors. About
all that's left is the smaller Licensees which will probably be
going up for sale to the highest bidder, and under the same terms
that BetonUSA got? And I do know for a fact that there are two
groups in the UK & EU that're flush and trying to acquire some of
those holdings.
Hope that helps Sloth? I just wouldn't hold much hope there'll be
anything left over to pay shareholders. Also, Krom mentioned that
he thought shareholders could get anywheres from $0.32 to $1.00, but
that seems highly unlikely to me considering the SP was $0.13 at the
time trading was suspended. And if by some miracle there were money
left over, does anyone really think that shareholders would get
compensated before management was paid for their $0.13+ Options?
Hope that helps some. It was a painful walk down memory lane for me.
Sloth
Who then owns Sportsbetting.com? Is it a greedy lawyer, who saw a great opportunity, created a law just to own it? Sportsbetting is still in business right? and WorldGaming got the crumbs. But it was their idea at first right? The shareholders got the axe.
I don't think so. I believe this stock is nothing more than a shell. The board of directors resigned as soon as administration was announced. All the software was auctioned off to other companies. The trading volume lately has been very peculiar. I don't understand why the volume would be so consistent and high since this company has no business operations. I hope somebody uses this stock because that UIGEA just about killed me. The bill wasn't going to pass on its own which is why in the last half hour of congress, it was attached to the Port Safety Bill. They knew that bill would pass since everyone was paranoid about terrorism and would pass anything associated with it regardless of what was attached to it.
Sloth
Is there any possibility the company is still in business? If the U.S. ever allowed internet betting could our stock advance?
pennypincher44, World Gaming created software for internet gaming sites. Back around 2004, they bought Sportsbetting.com. They got a loan from Barclays bank to buy it. That made them an operator of an online gambling site and not just the software provider. Then the U.S. passes the UIGEA as a ride-along to the Safe Port Act of 2006.
Title VIII of the Act is also known as the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA). This title (found at 31 U.S.C. § 5361–5367) prohibits the transfer of funds from a financial institution to an illegal Internet gambling site, specifically excluding fantasy sports, online lotteries, and horse/harness racing.
Since I'm not a lawyer I may use the wrong terms but this made their loan no good and the company unable to pay their bills (more or less). The company's BOD resigned and the company went into "administration" which in England is like bankruptcy. The administrators to this sold off their software and their assets and the company went out of business (as far as I know).
World gaming was traded on the OTCBB and the AIM (One of England's stock exchanges). After the administration, they were taken off the AIM and trading halted on the OTCBB. This OTCBB stock quote is the one you see as 13 cents. The other quote that trades as WGMGY.pk is basically a shell company. As far as I know there is no company. I'm hoping that some other company uses it as a shell company. Many lost millions of dollars on WGMGY. They were just emerging as a strong company when the UIGEA passes with the Port Bill. Then everything collapsed within a week. There is a company that uses their old web address worldgaming.com but it's a computer game site in which people can play games against each other (I don't know if they play for money or not). I think this company is private.
That's probably not the best explanation but it's a rough summary.
Sloth
Maybe I woke up this sleeping Giant stock, i am a dreamer. On 06/09/2008 I bought 4 shares of wgmgy for .02 cents, on 7/09/2008 I bought 11 shares for .03 cents. On 12/29/2009 I bought 4325 shares at .003 cents.
I was intriqued buy this company one day when I was on a campaign doing stock research, which I enjoy.
You must understand the risk as an investor in this stock, World Gaming Place is not accountable to reporting or filing forms to our SEC, since they trade on pinksheets.
But what is weird, I saw this stock today on other boards quoted at .13 cents and in my account it's at .0047 cents, can anyone explain this???
Hey Hunter,
What do you think is going on with World Gaming since the stock is still trading. In fact, it's been trading just about everyday in the last couple months and the volume is fairly high too.
Could trading mean that another company will be using it for as a shell for their company?
Sloth
hi len, good evening.
i see ya made some dough in the way ya suppose to trade.
in 1999/2000 i got in at $0.50. it went to over $6.50 pps.
i had a 100k shares.
when they had trouble in canada then i sold all shares.
then they decided to do u.k. gaming. i guess that's when you were in wgmgy.
when i saw some posting i decided to do a message here. didn'y know len was here.
so i gave ya a jingle.
now, could this be a clean shell? we like shell companies. we share them here.
if ya have any give us a jingle there.
it is New IPO Offerings_Company Tender Share Offerings_Shell Companies , 19th born____#board-9247
i got lucky and won a weber grill. e-328 genesis with some cash at paradise casino.
just a few,
thanx for the chat.
Mick:
As far as I know it is WGMGY unless something has changed, but it doesn't appear so.
I haven't paid any attention to this stock in quite awhile. I originally bought at 43 cents in November, 2004. I sold half at 86 cents, 1/4 at $1.36 and 1/4 at $2.32 - that last bunch being in August of 2005.
So, for two years, I haven't been in this stock. I didn't recall being an assistant, but obviously, I am. I never visit it and and I don't have it bookmarked.
I like looking back at it since I sold at an average of $1.35 (+213%) - especially since it is now a penny.
I think it got killed when they made it illegal to utilize on-line gambling services, but don't know much else.
Len
hi len, is this the symbol for WGMGY? or is there a new one. i know they had a canadian problem and did go to u.k.
last at
Detailed Quote for World Gaming plc DL 7/11/2007 3:53 AM
WGMGY Last: 0.01 Change: 0.00(0.00%) Volume: 0 Last Trade: 7/10/07
Today 5 Dy 1 Mo 3 Mo 1 Yr more
Last Price
0.01
Change $
Change %
Tick
Bid
N/A
Bid Size
N/A
Ask
N/A
Ask Size
N/A
Open
N/A
High
N/A
Low
N/A
Prev Close
0.01
Last Trade
7/10/07
Volume
0
close52 Week Information
52 Week High
July 14,2006
Close: 2.30 52 Week Low
July 09,2007
Close: 0.0001 52 Wk Hi
2.30
52 Wk Low
0.0001
Market Cap
639.39 k
Ex-Div Date
N/A
Div Rate
N/A
Yield
N/A
Shares
63.94 m
EPS (TTM)
0.16
PE Ratio
0.80
Exchange
OTO
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Thu, Sep 07, 2006
7:01 AM World Gaming plc/Sportingbet Plc - Statement regarding possible offer - PR Newswire
More News for WGMGY More Filings for WGMGY
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TRADING HALTED !
H.11 Trading Halt - Regulatory Suspension/Cease Trade Order.
Trading is halted in conjunction with a foreign securities exchange or market for regulatory reasons.Security is dually listed or registered and a foreign regulatory authority or market halted security.
http://www.otcbb.com/MarketWatch/
zee,
None. I think tradeing will be halted soon.
hunter
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Created
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04/04/01
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