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Why would the judge care about the Ventana letter?
They can give out as many shares as they want with out 8K'ing any of them. We'll see in the quarterly reports...
They are adding more debt as soon as they can clear it!
I think they've been trying to see how they can screw each other some more, after all it's been two years! You'd think that with the amount of oil at play, they would put aside their differences. Clearly they have not been able to do so.
I can't say for sure but those Attorneys have to get paid some how!
A settlement may consist of Montecito claiming they've been defrauded by the crappy shares of stock they also received from Volk. Volk MAY have told them his development plan with DBAR and the other assets will boost the stock, so it seemed like a good deal to M. Instead none of those has come to fruition in 2 years and their shares of WGAS stock are worthless. This , I believe is the basis for Montecito's claim. I believe Volk with counter this and say he overpaid for VM. It's a battle between 2 very shrewd guys that are upset they each got out-screwed by the other...
Ha ha ha ha! Everyone has it all figured out and yet discovery for a trial isn't even complete!
This is very misleading. A motion for status conference was filed. That's all and it could mean any number of things. Alluding to a anything relating to a judge is misleading. No proof there is a case file for this case in the judges chamber. PLease back up your claim.
This is very misleading. A motion for status conference was filed. That's all and it could mean any number of things. Alluding to a anything relating to a judge is misleading people to think a resolution is a lot closer than we think.
I beg to differ...
This is true to what I have recieved from Tiffany Collins as well. A Motion to set Status Conferencewas filed by Guy Wall on Feb 20 End of day, after my original correspondence with Tiffany earlier that day.
They've already told me there is nothing scheduled.
What is the name of the person you spoke to?
Unfortunately no one from the clerk's office will verify this in an email.
Well I stand to dispute your assertion. No court docs are emailed. Simply asking if there is any court date , status review or anything related is not a court document. Nice try.
Use the emails I provided and contact them yourself...
This is why I don't make phone calls to the clerks office. I get their email correspondence with emails and contact information for anyone to verify.
Please post your proof for your claim.
Unfortunately , the Orleans County Clerk has nothing on the calendar. No review set with any Judge, ZERO, NA DA, zilch! This idea that a judge has the case and is reviewing it is pure nonsense. Post link or email correspondence.
From: Tiffany Collins <tcollins@orleanscdc.com>
Date: February 20, 2013, 3:10:02 PM EST
To: Belinda Lassalle <eaclerk@orleanscdc.com>
Subject: RE: Case No. 2011-12640
This case is not set for trial, nor do we have any hearings or
status conferences set.
Tiffany Collins
Minute Clerk, Division G
From: Belinda Lassalle Sent: Wednesday, February 20, 2013 12:49
PM
C'mon Chris , say it with me $.010 today Playaaaaaars!
This depends on your definition of business developments... Nothing has happened in in the last year except they lost the BOD maybe due to suspected fraud. Volk defaulted on the I1 well. No movement on any other assets in the process of being "acquired" over the last year. The only thing new is the O/S increased 4 fold and the release of a carefully worded commitment letter which I suspect is over 8 months old. No movement in any Montecito litigation. No date in front of any judge coming any time soon to settle the matter either.
It's going to look even better after the next reverse split!
Wrong, been climbing from 32MM to 137MM.
How much convertable debt has been added since the R/S? Estimate only please. :P
Look, at the end of the day more shares issued increasing the O/S devalues the shares that are currently held. Simple. The more this happens the more likely another Reverse Split. So not only are your shares devalued as Volk pays off his debt, the investor really gets screwed when a R/S is announced. Really, how much more is going to be allocated? Once we see 300MM in O/S you can guarantee an R/S is happening.
I think they are converting and selling fearing another reverse split.
Tooo much uncertainty here.
O/S is 137,128,030 Just called the TA. What was it yesterday? 129MM
Thank you, this is very good advice. I will ignore the pps momentum, lack of news, chart and the trend line... :) Let's check in again on Friday.
Nice work, keep it up then!
Not anymore...
PPS gonna be .010-.012 today or tomorrow and .005-.007 on Friday... Depnds on how badly people panic. I bet that investor who biought 2.66MM sahres at .031 is pissed right now! That's what happens with frenzied buyers not doing DD. Sad to see this happen to people.
Keep telling yourself that... Should have sold in the .03's. Reload when this hits .005
NO financing, you can remove this post now... BTW where is the TA's number?
There's a lot here that puzzle's me. DD is tough since facts are illusive, chart is meaningless. Lot's of buzz though. Knowing what we went through the last year I just can not bring myself to load up on this again, not above .005, not with the O/S increasing, news is not forthcoming, I see a threat of another R/S. This is a frenzy play that's all. Volk may release a PR but it has to be thoroughly vetted. Maybe with news of a legit deal with Ventana and seeing the terms of a Montecito settlement, reviewing the next 10Q, SEC filings, etc. I may miss out on a big run but I can mitigate any loss by being really cautious on this play or by not playing it. Volk needs an end game here. He's keeping people just interested enough to this alive but what is his endgame. I think he wants out, WGAS is more trouble than its worth. He has 2 new ventures started apparently, I can see him selling VM to one of those and shutting this down.
I'd like your opinion X. Speculate on this: What would a complete deal with Ventana look like in order to get the $8.5MM? (contingencies and all)
IMO there was a lot of turmoil between the BOD and Volk. This was obvious at the vote last fall. However, if Volk is operating behind the back of the BOD, that's not a good sign either. Why put them in place if you are going to manipulate things behind the scenes. What was the turmoil about in the first place? If the opinion of several board members is contrary to his own , then maybe there's something there he should listen to. If he's looking for "yes men" these weren't them. That's my whole arguement with Volk. He's playing by his rules, shrewd, doesn't seem to play well with others. What was Volk doing that made the other BOD members leave. It's just not a realistic answer to say Volk just cut the dead wood or controling costs, etc. There is something there that blew up. Was it something illegal or unethical that made the BOD nervous? I want to know what it was. In the mean time I cannot trust Volk. I think WGAS screwed a lot of people this past year and I don't want to see it happen again.
You can call Greg Smith at EXXI investor relations. I cannot make this any easier for you, here is the number, website and email:
gsmith@energyexxi.com
office:713-351-3149
cell : 713-894-4156
www.energyexxi.com
8K!!!!! Where is it? I thought last Thursday, then Friday then Tuesday... Wait I know, EOD today? It's just a shake out guys! Hold on to your shares! Strong hands only! It's a loyalty test! No, it's the fence sitters fault... Bears are just hungry for shares, etc. etc. etc. Do you see how we can rationalize any movement on the chart? Toxic Charlie will leave all you guys hanging on...again
I stated opinions. Not to be confused with claims. I made sure that I was not misleading by trying to make an opinion seem like a claim. Do you see the difference? My claims I always back up with facts. For example - There is no settlement with montecito. That would be a claim and a fact. How do I know? because nowhere can I or anyone else find a document describing the terms of any settlement. Also, because this news would be so huge that Volk would be shouting it from a rooftop with a megaphone if it were true so he could fund VM.(That part is speculation based on an educated guess and some common sense assuming he wanted everyone to know) The thing with Volk is that we don't know what he is doing. If he does have good news, he will wait and report it for maximum effect. He is shrewd.(that is also an opinion not a claim as I cannot back that up with facts)