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Free shares, evil off-shore shorters, soon enough. For now we need to celebrate the shut down of this wholesale share selling scam and wait to see what else unfolds. It's just good to know that no more money will be stolen, isn't it.
Go dig through the filings. There may or may not be any free shares, but the dig will have to start from the Paxton filings...
http://www.otcmarkets.com/stock/WGAS/filings
oooooooooooohhhhhhh!!!!! who got free shares?!?! please cut and paste those names now!!!!!!!
There is a lesson here. If a Company issues ANY toxic death spiral convertibles, it is more than a red flag - it is a death sentence. Those debt instruments are known as "toxic death spirals" for a reason. They kill 99.9% of the Companies that issue them. This is a fact, not some cocktail napkin conjecture.
Just googling the names of those toxic entities provided all the info needed to tell anyone that taking money from them would kill any chance of building an actual company. Maybe Volk was smarter than google. Some thought that. It's just a good thing for any future "investors" that the SEC didn't think it.
There's nothing wrong or illegal with receiving shares for services. If done right its a very cost-effective mechanism for start-ups. WGAS didn't do anything wrong on this front.
Having said that, it's up to the company to deliver for its shareholders by developing a working operation and turning into a real revenue generating business that grows its asset base over time. WGAS did virtually everything wrong on this front.
The managers and others more than deserve what's coming.
Every share issued from the beginning of time will be scrutinized. I sure wouldn't want to be one of those unnamed folks in the filings a few years back who got shares for "services".
Yep, its all about pots and kettles here.
Go SEC and others.
Not yet IMO. WGAS frog is just starting to be boiled.
Uhh oh. WGAS is on their radar now. I wonder if Volk and friends are feeling the heat now?
I'm sure other enforcement actions will follow. This is just a little tap by the SEC.
FOR IMMEDIATE RELEASE
2014-248
Washington D.C., Nov. 5, 2014 — The Securities and Exchange Commission today announced enforcement actions against 10 companies for failing to make the required disclosures about financing deals and other unregistered sales that diluted their stock.
Worthington Energy Inc. – Failed to file Form 8-Ks disclosing three unregistered sales of equity securities, and failed to file a Form 8-K disclosing a financing agreement. The Corte Madera, Calif.-based company agreed to pay a penalty of $25,000.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370543368026#.VFpU-tm9LCR
Theres 25,000 reasons its quite.
:)
GL Silver
Thats true. The whole tank needs a good cleansing. The stock may be revoked, but its a small price for justice.
Will be interesting to see what comes out the worm hole.
Surety may be in trouble:
"...The Office of Investor Education and Advocacy has three main functional areas:
If you have suffered wrongdoing at the hands of a broker or investment adviser, the Office of Investor Assistance wants to hear from you. We will contact the firm, company or individual who is the subject of the complaint to find out what happened. Sometimes, this results in a satisfactory resolution of the complaint. Other times, it's unclear who is right and who is wrong. In that case, we let investors know their legal options and how they can pursue a resolution on their own.
...
Complaints are extremely important to us. You may think you're the only one experiencing a problem, but typically, you're not alone. Sometimes, it only takes one investor's complaint to trigger an investigation that exposes an illegal boiler-room operation, a Ponzi scheme, or an insider-trading ring. In recent years, investor complaints led, at least in part, to approximately 20% of all cases investigated by the SEC. ..."
http://www.sec.gov/investor/pubs/aboutoiea.htm
Emphasis in my last post should be on "and crew"
This is going to be fun.
Thanks for doing the right thing X. Finally they will shut this scam down. If it would have just happened about two years ago many losses would have been avoided.
That's great to read! Thank you for sharing. Hopefully these guys don't have all their money in offshore accounts.
Suspension will hit once the SEC investigates.
Very good.
Volk and crew did not have a good week.
OHHHHHH YEEEEEAAAAAAHHHHHH
ME TO, GLAD YOU GOT OUT WHEN YOU DID!!!! YIPES!!!!
Indeed. What's next for this turd? I'm hoping for a flush.
Glad I got out when I did! Saved my rear as I had $$$$$$ invested and now would have been worth $$ today ~!!
It would be sweet if I could amend my WGAS ownership-ha ha
RE:WGAS = Ebola stock... Yeah! Stay away! LOL!
this Is not just a dilutive stock scam chock o block full of legal problems . I recommend quarantining this one. It is a habitual reverse splitting money sucker. Go ahead and buy this dummy. Youll be so glad you did. lol
He is a genius. Well, I guess he doesn't have to be, considering who he has dealing with. A comparative genius, anyway.
Reverse again and sell the shell. Well played volk. Genius.
looks like these creeps are laying very, very low..
$WGAS - the now silent pig....
http://investorshub.advfn.com/boards/replies.aspx?msg=89661550
Wheres this going to end up I wonder?
http://www.sec.gov/litigation/litreleases/2012/lr22381.htm
GL ALL
Silver
B E K A N N T M A C H U N G
Einbeziehung/Listing
Tag der ersten Notierung/Day of first listing: 14. Februar 2013
Wertpapierart/Security: Aktie / Share
Name
ISIN
WKN EDV Heimatbörse Land
Advaxis Inc. US0076241092
A0H01Y
OTC QB USA
Blue Dolphin Energy Co. US0953953074
A1C13X
OTC QX USA
Worthington Energy Inc. US98180T2015
A1J7T7
OTC QB USA
Markt : Freiverkehr - variabel
Skontroführer : 1172 mwb fairtrade Wertpapierhandelsbank AG
Berlin, den 13. Februar 2013
GESCHÄFTSFÜHRUNG DER BÖRSE BERLIN
http://www.boerse-berlin.de/data/publications/Publication_40095.pdf
Seems Borse-berlin are more helpfull :)
Interesting chart on Blue dolphin ,look at the timing of FEB 2013.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106546161
hmmm IRONRIDGE where did I see that name before
GL SiLver
Worthington Energy, Inc.
TICKER: WGAS
Capitalizing on applying tested technology to proven oil reserves
Worthington Energy, Inc. is a conventional oil and gas
corporation based in San Francisco, California. The
company is engaged in the acquisition, development and
production of oil and natural gas in the Cherokee Basin
and Bourbon Arch in southeast Kansas and western
Missouri. Worthington Energy is targeting organic
growth by developing its existing land base in southeast
Kansas.
Worthington’s strategy is to acquire producing properties
with large potential cash-flow from proven and probable
reserves. The company will develop and optimize fields
by reworking existing wells and drilling new wells. The company’s patent pending
Enhanced Oil Recovery processes will be applied to increase production and profitability.
Overview
? The Company recently completed the acquisition of 100% working interest in
sixteen oil and gas leases covering approximately 3,540 acres in Wilson,
Montgomery and Labette Counties in Kansas.
? Shallow oil and gas fields provide superior economic opportunities:
? Slow decline rates - long life production.
? Lower operating costs.
? Offset drilling opportunities:
? Offset completions are yielding a reserve value five times the cost of a new well.
? New offset wells can be drilled, completed and producing in a matter of days.
? Reserve estimates for the heavy oil deposits in western Missouri and southeast Kansas
have ranged between a few hundred million barrels to 75 billion barrels. The Missouri
Department of Natural Resources has released more recent estimates of between 1.4 to
1.9 billion barrels.
? Finding oil has always been a function of cost and technology. Technological
advances allow the shallow heavy oil reserves in Kansas and Missouri to become more
economically accessible and thereby more valuable.
Increasing Asset Value through the Application of New Technology
? Levia Oil Recovery Process: Designed specifically to recover heavy oil deposits, it
dramatically improves recovery economics in comparison to other thermal processes.
Patent Pending # 61897233.
? EcoLift Air Lift System: Reduces lifting costs and developmental capital
requirements. Patents Pending # 61896838 and # 61897237.
? Advanced Thermal Enhancement: Decreases viscosity (increases mobility) of oil
which improves sweep and displacement efficiency. Patent Pending # 61897250.
.
May 2014
Industry:
Oil & Natural Gas
Field Acquisition, Exploration,
Development & Production
Line of Business:
Worthington Energy is a public oil
and natural gas production company
focused on production acquisitions
and developmental drilling
opportunities in proven areas within
key producing regions.
Corporate Structure:
Public Nevada Corporation
Corporate Strengths:
? Experienced Executive Team
has a history in building E&P
companies and prior success in
executing similar strategies.
? Management team previously
assembled and financed
resource companies creating
value in excess of $1 Billion.
? Management team has drilled or
participated in over 1000 wells in
immediate production region.
? Possible exit strategy as a major
industry player acquisition
candidate.
Accounting Firm:
Weinberg & Company
(www.weinbergla.com)
Legal Counsel:
Szaferman Lakind Blumstein &
Blader, PC
(www.szaferman.com)
Investor Relations:
Surety Financial Group, LLC
410-833-0078
Transfer Agent:
Nevada Stock & Transfer Company
(www.natco.org)
Send copies to ESMA too and your MEP:
http://www.esma.europa.eu/page/contact-us
There are ways to force answers.
Wrong again.
The point is to make money.
Volk did.
LMFAO
let's not forget: the whole point of this business model was to drive the pps lower.
bear raiders were helping volk make money.
Nope ;Broker would not release details so I've asked Bafin the German version of Finra to get involved.
Gl Silver
Did you receive a response to your email?
The way Boerse Berlin has been presented is as a discovery in recent months, when in fact its been known about the entire time by some.
One would have to know about it to take advantage of it.
"SOME KNEW" ABOUT BERLIN... AND DECIDED TO OPEN THEIR WALLETS FOR VOLK AND HIS CREW, IS THAT IT? LOL
"SOME KNEW" THEY WERE BEAR RAIDING FOR THEIR BOSS, CHARLES F. VOLK.
I meant that some definitively knew about Boerse Berlin back in February 2013.
xZx Friday, 02/15/13 02:45:44 AM
Re: Jingles14 post# 37516
Post # of 71135
volume is shown as 0. no trading so far today, so the pps is not accurate imo.
the spread is also listed as 47.059%... someone hit the ask and break us out past the 200MA... lol
there's nothing comical about fraud.
It was certainly comical that the obscure BW/Bloomberg item held any sway at all, when all other financial news resources had differing information.
$WGAS..oink
It was certainly comical that the obscure BW/Bloomberg item held any sway at all, when all other financial news resources had differing information.
$WGAS..oink
"known by some on ihub"? that's not disclosure of a material fact (to shareholders that were about to lose their entire investment).
the lies posted to businessweek, months later, also should have been disclosed. they were brought to the attention of IR, whose head sat on the WGAS board, and that crooked bunch at surety just sat back and laughed as investors were duped one more time.
but it didn't stop there, either.
it also should have been "disclosed" in the one-sheet that surety sent out to "valued shareholders" that anyone feeling bullish on the basis of that pile of BS about "kansas heavy oil" was about to be cut off at the knees with MORE massive dilution.
need i go on about... "disclosure"?
Not information to release in a PR. Maybe an 8-K, but unsure. Should have been disclosed in the 10-Q.
To be fair this was known by some on iHub:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84626010
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Management:
Charles F. Volk, Jr: 775 450 1515
Chairman & CEO
Mr. Volk brings over twenty-seven years of professional experience running public companies in various industries including oil and gas. In addition to his current responsibilities for Worthington Energy, Mr. Volk has been the Chairman of Bermuda Segregated Funds, Ltd., an open-end mutual fund with offices in Bermuda, since 2007. Prior to that, Mr. Volk was the Chairman & President of Osage Energy Corporation. Mr. Volk was also a co-founder of an operating copper company, Mercator Minerals Ltd., a component of the TSX Mining Index. In 1981, Mr. Volk earned a BS degree in Business Administration from Menlo School of Business Administration in Menlo Park, CA.
Charlie Adams: 620 205 6500
President & COO
Board of Directors:
Charles F. Volk, Jr.
Chairman
Charles F. Volk, Jr. has been our Chief Executive Officer, Chairman of the Board of Directors since March 2010. Mr. Volk has been the Chairman of Bermuda Segregated Funds, Ltd. an open end Mutual Fund in Bermuda since March 2008. Mr. Volk has also served as the Chairman and President of Osage Energy Corporation from 2004 to 2007, as the Managing Director of Cyril Petrochemical Corporation, as the Managing Director of Norman Capital, Inc. from 1992 to 1997, as a business development consultant to Asset Growth Partners, Inc. from 1991 to 1992, as President of Gold Circle Mines, Inc. from 1983 to 1991, and as General Partner of Oil & Gas Partnerships from 1981 to 1993. In addition, Mr. Volk participated in the management and marketing of Esilux Corporation, an international marketer and distributor of specialized industrial safety systems. Mr. Volk received his B.S. degree in Business Administration from the Menlo School of Business Administration in Menlo Park, CA in 1981.
Warren Rothouse has been a Director since October 2012. Since February 2003, Mr. Rothouse has been Managing Director of Surety Financial Group. From 1997 to 2003, Mr. Rothouse was owner of Country Stove & Chimney Shoppe. From 1989 to 1997 Mr. Rothouse was a Sales Manager at Thulman Eastern Corporation, a sub-contractor to the building industry. From 1986 to 1989 Mr. Rothouse was a Sales Representative at Thulman Eastern Corporation. Mr. Rothouse attended Towson State University.
David E. T. Pinkman
David Pinkman has been a Director since January 2013. Mr. Pinkman is CFO and a director of Saccharum Energy Corp., a TSX Venture Exchange-listed junior oil and gas exploration company, and has held these positions since October, 2009. He is also currently a director of Red Rock Energy Inc., a TSX Venture Exchange-listed junior uranium exploration and oil and gas exploration company, and has held that position since April, 2005. Previously, he was CFO and a director of PanWestern Energy Inc., a listed junior oil and gas company, and served in those roles from November, 2001 to April, 2010. He was also President and a director of Explorator Resources Inc., a CPC company, and held those positions from September 2005 to January, 2007. Prior to that, he was Vice President and a director of Powermax Energy Inc., a TSXV-listed oil and gas issuer, from January 2002 until September, 2005. He was also a director of Renewable Power & Light Plc., an AIM-listed independent power production company, from June, 2006 to October, 2007. From January 2001 to November 2001, Mr. Pinkman was Vice President, International, of Maxim Power Corp. (formerly Jupiter Power International Inc.) (TSXV listed). He was executive Chairman and a director of Jupiter Power International Inc. prior thereto and from August 1993 until December 2000.
Mr. Pinkman was a partner at the law firm Pinkman, McArdle, Barristers and Solicitors from 1991 until December 2000. Called to the bar in 1985, as a lawyer he has practiced primarily in the areas of corporate and securities law. He has served on the boards of a number of public and private companies carrying on business in the resource and other industries. In addition, Mr. Pinkman has served on the boards of a variety of local volunteer organizations, and continues to serve as a director and Vice-President of Wild Rose Motocross Association, a non-profit association registered under the Societies Act (RSA 1980, as amended). Mr. Pinkman obtained a BA degree from the University of Calgary in 1980, and an LLB degree from the University of British Columbia in 1984.
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As of June 26, 2014 there are 2,532,318,855 shares of registrant's common stock outstanding,
Authorized shares = 6,490,000,000.
Investor Relations:
Surety Financial Group
642 Main St
Reisterstown, Maryland, 21346
Tel: 410-833-0078
Transfer Agent:
Nevada Agency & Transfer Company
50 W. Liberty Street # 880
Reno, NV 89501
Tel: (775)322-0626
Fax: (775)322-5623
Email: stocktransfer@natco.org
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