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lol...yup - lots money was lost here. as in many penny stocks.
good to hear from you.
I GUESS SO - HE PAID IN FINES WHAT I LOST AND I WAS LUCKY TO GET OUT AT .02 - A CROOK WHO IS GOOD AT HIS TRADE!
A true master of his craft. The $25,000 fine? He probably had to rob the coffee fund for that ;)
A 3 year train wreck - give credit where its due I admire a crook who really knows his business like Volk!!!
BOnes....pigeons would probably run like heck...except they don't have to - they fly! :>)
Sure . . . . it would be worth watching these guys make $5 million of debt go 'poof' -
My goodness, I didn't know they were crooked? Lol! I have no holdings in WGAS, cut dem losses quick, but I'm watching this.....
LOL what filings - what transparency. You have to realize you are dealing with crooks (or have you discovered that yet). Do you expect ANY of this to be on the up and up. Sounds like great reasons for you to keep 'loading the boat'. Why not? You already did knowing all this anyway.
This shell is dirty filthy. It will never be sold or RM.
just RS and name change. Volk will put a puppet CEO in name only.
Rinse repeat.
Of course the debt would have to be settled, prior to reverse merger or any other, change in ownership; duh. I'm just wondering if its $5M, or less. I'll look through the filings.
Who would reverse merge with a company that is $5 million in the hole. Not enough idiots left in the gene pool.
I guess $5M, after VM-179 convertible was released. I wonder how much Asher owns of the $5M.....
I guess $5M, after VM-179 convertible was released. I wonder how much Asher owns of the $5M.....
I wonder how much debt is associated with the shell . . .
What is the O/S, I really wonder? I know Volk had to issuing many unregistered shares......
It is that. Or is it? Asher is blacklisted......
Toxic shell ? Nobody in their right mind would touch this, so that does eliminate a few people.
Whoever takes over would want to see the O/S significantly restructured beforehand.
What about a reverse merger or an outright sale of the shell? Lol, WGAS, at least the CEO & insiders can blow no more smoke. Volk really, needs to sale the shell, since it looks like R/S was denied......
R/S needed else this flatlines forever.
WGAS 0.0001 - BUY
Targets 0.0005 / 0.0011 / 0.0013 / 0.0015 / 0.0027 / 0.003
http://stockcharts.com/h-sc/ui?s=WGAS&p=D&yr=1&mn=1&dy=0&id=p13881794491
Only Market Makers can trade below $0.0001.
It's another bear raid!!!!
$WGAS...what a concept..
2 shares @ 0.000001 today.
How is this even possible?
Share price can trade to the sixth digit. Today its only trading out to the fifth digit.
WGAS gets a slap on the wrist?
amazing...
Now what could be next?
Is Mr. Volk gambling in Las Vegas?
Should be ready for the R/S and *legitimate* fund raising activities. This time they will legally crush this back to zero.
I am sure they made out handsomely just the same.
The program is a failure. Why? Because the program misses the point of what happened to WGAS, namely the hyper-dilution and the misleading PR's to falsely induce investors to part with their dollars. Instead the program focused on lack of reporting increases in O/S greater than 5% between filings.
"...Form 8-K , Item 3.02 which requires the disclosure within four days of the sale of unregistered equity securities unless they constitute less than 5% of the number of last reported shares outstanding of the class ..."
If the conditions above had been met there would have been no violation, although shareholder accounts would still have been wrecked due to hyper-dilution and misleading PR's.
A $25k was fine levied and WGAS punished (if $25k is a punishment), but it won't deter others from the underlying issue.
Nice. Someone let us know if they ever see a dollar from the $25K. Bet most of it goes to the SEC lawyers, who are nothing more than another bunch of crooks, just on a different level.
That was hardly a slap on the wrist for Toxic Charlie & co. after the hyper-dilution.
If Volk has Cancer I feel sorry for the cancer!!!
Bunch of thieves who are getting away with it and what a great place to hide the Turks and Caicos is a tax free paradise!
So did they make the November payment?
http://www.sec.gov/litigation/admin/2014/34-73526.pdf
Accordingly, it is hereby ORDERED that:
A. Pursuant to Section 21C of the Exchange Act, Respondent Worthington Energy
cease and desist from committing or causing any violations and any future violations of Section
13(a) of the Exchange Act and Rule 13a-11 thereunder. [color=red][/color]
The SEC’s Broken Windows Program – A Success?
Broken windows entered a new chapter. Previously, the program focused on the custody rule, Rule 105 and the filing of certain forms such as Form 4 and Schedule 13D. The point is to create SEC omnipresence – the cop on the beat is making arrests for all things big and small, generating deterrance.
Now the program has brought 10 new cases centered on failing to make filings regarding certain financing and stock dilution transactions. Specifically, the new series of cases is based on failing to comply with the following disclosure obligations:
Form 8-K, Item 1.01 which requires the disclosure of a material definitive agreement within four days;
Form 8-K , Item 3.02 which requires the disclosure within four days of the sale of unregistered equity securities unless they constitute less than 5% of the number of last reported shares outstanding of the class; and
Form 10-Q or 10-K which requires the disclosure of the number of outstanding shares of common stock as of the latest practicable date.
The issuers involved include: APT MotoVox Group, Inc., CorWare Inc., ERF Wireless Inc., Green Automotive Company, MineralRite Corporation, Mondial Ventures Inc., Monster Arts Inc., Red Giant Entertainment Inc., Seanlemac International Ltd. and Worthington Energy Inc. Each action was initiated as a settled administrative proceeding. See, e.g., In the Matter of Worthington Energy, Inc., Adm. Proc. File No. 3-16257 (November 5, 2014)(alleging the failure to disclose the issuance of unregistered shares and the existence of the related financing agreement). The fines imposed ranged from $25,000 to $50,000 and a cease and desist order.
Broken Windows is clearly adding a significant number of enforcement cases to the SEC’s total number of actions. Whether this is effective enforcement is another question. If the theory is to create deterrence it seems questionable at best that the hedge fund manager considering insider trading or the corporate CFO who is creating cookie jar reserves is going to think twice about the SEC because the agency has a new computer program that can identify filing and other similar violations. If the idea is to bring large numbers of enforcement actions which generate headlines and keep the name of the agency in the public domain and then, perhaps, deterrence, then the program is clearly a success.
The management of this company has agreed to pay the sec a fine. The order given in my opinion will end the reverse split from happening. If you pursue that course of action and reverse split I will seek actions and you may be placed in jail. The penalty imposed may be severe. I just want you to know not to take this personal. Its my business. You hurt me and I will attempt to hurt you. Law of attrition. You damage me and then unfortunately. Just the way it will be. There is nowhere and no way to hide in this society. If and when I chose to seek is if and when I may find and I assure you If I decide to. Might just be Busted. Cuffed and stuffed. Have a wonderful day
Who keeps buying WGAS?
Mr. Volk has a responsibility to update shareholders, good, bad or the ugly.
How many pennies see anything? Money stolen,pure and simple,and Volk will get a slap on the hands.
Replusive to see the party pictures on site from our money!!
So when's the class action law suit start?
If ya bought this and lost a few bucks welcome to the club. Looks like its over. Guess ya better look for your rainbow elsewhere cuz it probably wont happen here. I guess as long as it trades ya got a chance though. Don't ever buy more of a penny stock than ya mind loseing no matter how good ya think it is and don't look back there is another bus around the corner. Get out the fare and take a ride to the top.. Just put some of it in good stocks that pay long sustained dividends. Those wont gain you a bunch of a percent of money but they probably wont lose if ya hold them a long time. These pennies are for playing. Keep looking there is a good one out there sometimes. Just need to know the risk and that is you might lose it all. Even though its risky probably should try it sometimes they work . Just keep it manageable
Yep my lesson cost about as much as yours and I agree.
The company was and is nothing short of criminal and will be delisted at some point.
I'm actually sitting sidelines though with popcorn to see who all gets busted, and what
kind of punishment ensues.
Should be interesting.
As far as any of us seeing any appreciable money invested back, I'm highly highly skeptical
of that.
Welcome to penny land.
$400 ain't a bad price to get a lesson. Mine cost bout $2G, still not bad, just so long as we learn. And if WGAS & Surety get shut down, & the bad actors get hauled of to jail and or financially ruined, money well spent.
On to the next play.
GG
I hope I get my $400 investment back from Mr. Volk...
Great a $25,000.00 dollar fine for selling unregistered securities. Now we gotta increase the A/S and register some more. Is that how ya cease and desist? There was no admission of guilt and the company is liable. The management here must enjoy legal problems. I have rarely seen a company with as many lawsuits and fines against it. Probably delisted soon.
I never quite understand your posts but I know you are as happy as the rest to see this scam shut down. As far as Turks and Caicos and Kidney cancer, I have no Idea but if Volk is suffering from some major illness I am sorry to hear it. I wouldn't wish chronic illness on anyone.
Goo SEC and others! They did good work today.
Now
How
Should
He
....get to the Turks & Caicos?
Ouch. Onion is peeling. Innocent ears be dammed.
Weeeeeeeeeeeee
Enjoy
More Smoking Guns to follow this one, IMHO.
GG
yeah, only a matter of time before volk fakes kidney cancer to avoid capture by the FBI.
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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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