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I see what you are saying- but at the same time, what in the name of God managed to cause this to hold 0010 or above with such huge recent volume since february, and especially with 80M in one DAY yesterday? What? That is what I can't seem to figure out
Even if that 80M was just a big dump yesterday- it still held 0010
Even if the volume since Feb has all been dumping- it still held 0010
I want to know why
If they can sell, what, 300M shares off and it STILL held 0010--- what the heck is going on? Yeah a lot of them were sold, but even sells have a buyer on the other side¿
Literally the whole o/s has traded since february according to the charts I'm looking at
wgas
Well, thanks, I am no kind of expert whatever, but I'm very talented when it comes down to figuring out what someone or somethings angle is. I'm trying to apply that to penny stocks.. I could be good at trading these some day, I think.
I want to see how many shares VNDM has- fourteens are being bought, etrade only has 570k left and ATDF supposedly has 300k for 0015 .. then if that gets cleared (which looks very likely, 270k more fourteens bought as I type this) out maybe I get to see what VNDM is up to
Edit: Now 300k more 0014 print which got rid of etrade 0014, showing 910k etrade ask @ 0015 and 300k ATDF @ 0015
Also saw a 165 share print at 0014 right after the 300k print @ 0014
Not sure if I believe in MM signals at all and even if I did, have no idea of which one means what
Anyone care to discuss the huge volume we saw yesterday?
I have a few ideas of what it could have been
1. Wash trading before the news came out, in order to draw more attention to the stock. But if that was it- why do it at such low prices?
2. Front loading by people who knew that news was coming out. Market makers, Fred Mertz, etc. Could very well be, I suppose, there has been absolutely huge volume for weeks lately.. "for some reason"
3. Simply a huge dump of shares
Well, I can't seem to believe that, because it simply makes NO sense. Why dump like madmen BEFORE releasing news? They'd want to dump AFTER news came out.. right?
4. Debt holders dumping their discounted shares after converting them. I have no idea when they can convert what because I have been too lazy to sift through filings. There again though- they would dump all of their shares RIGHT BEFORE news came out? Pfffft
It has been said that the 70M was an exact figure of what adams got in the deal. It has been said that o/s increases lined up with 100 different things though for years- time and again- but this DOES look like a plausible explanation, I think, since it's pretty much confirmed with todays news
I see (if the chart is accurate) a triple bottom @ 0010 now
It has held above that on extremely huge volume for a long time now
I see buying pressure often comes out of nowhere
I see vfin and vndm and bkrt with infinite blocks on the ask most days as well, though
Not sure of WHAT to think right now
Any input is appreciated - this is all so interesting
GO WGAS
I have 122k left and it is for sale through NITE for only 0015
Buy my sharezzzzz right away
Also
Please sell some twelves to me ... I won't get them with VNDM bidding, will I :(
Only asks below VNDM are 1M etrade @ 0014 and ATDF 300k 0015 and NITE 122k 0015 (me) .... so we need one little buy to please me ..
Maybe that is okay if I cannot get my twelves, since he is on the ask @ 0016
GO WGAS though
Buying pressure so very often comes out of nowhere for wgas
Bid looks like ****, nothing, and then BLAM
I upticked my ask when I saw the 300 share print @ 0011
For some reason I took that to mean, be afraid and sell
I was right for once¿
wgas
Well, that sure was interesting, and I made SOME money
Have a few sharezzzz left ...
COME GET SOME
300 share print @ 0011 (33 cents) and then well over 5M spread out over six more prints gets bought from the ask ... that looks nice so far ;)
wgas
GOOD MORNING VIETNAM and go WGAS
LoL- that much I think we can agree on
Ask looking pretty darn thin, and a lot of it has been getting bought, and over 10M demand on the bid side still now (just in what I can see) ..... so maybe it will at least move up a few ticks before they come back
Do you think WGAS could go on another mini pop like it does time and again, too, though?
GO WGAS I say
I at least think the powers at be know better than to just tank it all at once- they are off of the ask .... everything under 0020 right now is retail and it is being bought (there is only one ask under 0020 as I type this and it is etrade)
Bought 1M - 2M at a time too
wgas
Over 10M on the bid side at or above 0010
About 7M on the ask side below 0020
Go wgas !!
Wow people are hitting the ask like a *******
I hope the retail gets all bought because it looks clear up to 0020
Two .0012 asks I can see (etrf 0012 and nite 0013)
Of course I am not saying it is clear up to 0020- who KNOWS when vfin or whoever will be back
But there is SOME hope :)
GO WGAS
Good news would be nice
I haven't had much lately
I LOVE GOOD NEWS
Go WGAS
Only two asks under 0020 and they are retail (ETRF and NITE)
wgas
It is okay, I understand
GO WGAS though
Thank god they stopped selling for now
I hope it can come back up :)
Good luck everyone
WGAS
That cannot happen because I am a share holder
In my opinion
GO WGAS :)
I LOVE WGAS TOO SINCE I AM CURRENTLY A SHAREHOLDER IN MY OPINION
WGAS IS THE BEST STOCK EVER AND WILL GO SO HIGH EVERYONE WILL BE A BILLIONAIRE BECAUSE OF OBSCURE FACTS AND PERPETUALLY REGURGITATED NONSENSE AND I AM SAYING THIS BECAUSE I AM CURRENTLY A SHAREHOLDER
All IN MY OPINION
Go WGAS
Everyone get some shAReZZZZZ
Oh yaaah
LoL
I was hoping to sell my 0011 for 0017
I hope that it raises up again
GO WGAS
!!Volume is AMAZING today - WoW!!
Got my 0011s!! Not sure if I should be saying YAY or AW **** though
GO WGAS
Is WGAS a concern going or a going concern or is it neither or is it both¿
Isn't the o/s going up every 1-2 weeks?
Are you saying that they're not tradable?
To be clear here, is your position that this oil man with all of these assets has decided to take 25M shares worth, what, $36,000 dollars + $50,000 cash in exchange for control of these assets?
And, you believe this because .. you further believe that this oil man will end up controlling this company? Because you further still believe that he wanted a shell to go public with ... ? Is that correct?
When you say that he accepted 25M shares because he knows that they will be worth so much more, have you considered all of the tens and eventually hundreds of millions of shares that have come out of the pipe?
How many times has this stock been diluted into oblivion?
Why did he get such a small amount of shares while other entities seem to be getting more shares (in multiple)
I am very tired, but,,, Am I missing something?
GO WGAS
I think my bid will be filled tomorrow since I had a birthday this week
Also maybe pixies will throw dirt dust on the stock to make it grow magic flowers from beans
Just being sure that I fit in
WGAS
Wake up everyone, almost as much is happening as usually is with this stock, since it is the weekend
I see
Like "The Office UK" doesn't seem as funny to people in the states
I think I get it now
If this ran to a dollar and you got in at these prices with 500 bucks you'd have $400,000
But my family has interests in several dried up kansas leases and we get a check for nearly $20 every several months!! Which is more than Worthington has had in years.. so, my conclusion is that WGAS is going to a DOLLAR a SHAREZZZ
GO WGAS
LoL
If I ever hit the number or make myself wealthy again (the latter could very well happen) I swear it, I would buy WGAS, just for kicks.
Then, I would cancel everything outstanding, buy all of the junk back (it'd be worth spending 300k just to show the market I was serious and for real) make the a/s 500M, the float 100M, and do some real business.
As unimaginable as this is- I would tell everyone true facts about what is going on, and then, what I said I was using your money for would actually happen.
When ever I put new shares out there to raise money I would explain when it was happening and what the money was needed for. Then I'd actually use the money for that.
Unreal, I know.
I would (if I could raise the capital) hopefully be drilling ten leases at a time (and even with my luck probably striking one of every ten)
And then everyone would be very pleased.
You forgot about the nonsense factor?
Amateur :D
I will buy $100 worth of this @ 00005 (half of .0001) if anyone wants to get rid of some
Not sure of how the transfer would work though
I cheated on you today, WGAS :(
I tried to buy another stock
Of course the **** MMs sold off 4M @ the price I ordered some for and left me holding my **** in my hand
And it is SO heavy :(
I think I'ma going to unfold it for awhile and lay it up on my desk so I can relax for once
They generally convert at a huge discount though, don't they? Like say X% of the worst price from the past Xdays
The best part of this whole fiasco is that now... the stooges and locust at WGAS can say, duhhhhh, we are just stupid idiots, errrr, it's not OUR fault that all dem sharezzzzz got added, ummmmmmm, wer so stoopid
I can see it now, there they are in the dimly lit quonset hut with the guys from cartalk and some SEC investigators.... the SEC says, hey you crook, you caused ANOTHER reverse split
Well good old idiot will just shrug his shoulders and say DUHHHHH A JUDGE MADE ME DO IT, UHHHHHH
LoL
Comedy gold, time and again .... I love this stock
So much
GO WGAS
She bettter be SPLAININ' who MR. MOONEY is to RICKY
Like some people at WGAS will be doing when this is all said and done
Or won't be
IMO
Go WGAS :P
Well, I should never write on the internet when I am this tired
I completely read the whole thing wrong, I think, and what a mess
Is there anything good in that filing? Who on earth is buying 0019? If today is like any other day, "insert dilutive MMID here" will be coming along with an infinite block of sharezz for sale (after making it look like the stock can breathe for 20 minutes up to 3 hours time)
Do you know something I don't?
What's going on... Ha!!
This is like when you're looking for a bra hook and it turns out to be in the front instead of where it's been since the dawning of man
It's CONFUSING
LoL
GO WGAS
PS: I sure wish that I had a better understanding of what moves these prices on a day to day basis... but.. I'm getting there (slowly) .. I LOVE trying to figure out crookedness- LOVE it
I am baffled and amazed at this.. doesn't 35M shares amount to only about $40k? What on earth is going on, there?
ADR Acquisition
On March 21, 2014, the Company entered into an Asset Sale Agreement (the “ASA”) with American Dynamic Resources, Inc., a Nevada Corporation (“ADR”). Pursuant to the ASA, the Company purchased from ADR certain oil and gas interests located in Montgomery, Labette and Wilson counties, Kansas. The acquired interests include, but are not limited to oil and gas leases, wells, structures, hydrocarbons, and licenses. The purchase price for these assets is $50,000 and 35,000,000 shares of the Company’s common stock valued at $87,500.
In connection with the ASA, the Company and ADR entered into an intellectual property contribution and assignment agreement (the “Intellectual Property Agreement), dated March 21, 2014, pursuant to which the Company acquired the right, title and interest to certain intellectual property rights owned by ADR in exchange for 35,000,000 shares of the Company’s common stock and $75.00 in cash.
Then, on VM179... Conveyance, eh.. so they're supposedly following through on the sale, am I reading this correctly? Probably gave it up easy since merlin died? Right? Am I on the right track, here?
But they're stalling signing off on the transfer?
Edit: Great- read THAT wrong, too, just found this "On February 28, 2014 this property was returned to the seller and convertible debt holders in exchange for forgiveness of all liabilities (the “VM 179 Settlement”)."
The result is that a judicially recognized compromise has been perfected under Louisiana law, which has the effect of extinguishing the underlying obligations the compromise is premised on. The Company’s obligations expected to be extinguished include a secured note payable in the amount of $500,000 to Montecito Offshore, LLC and convertible debentures of $2,453,032. However, recording the conveyance of the lease interest and cancelling mortgages and UCC-1’s by the debt holders has not occurred. The debt holders have delayed in performing these obligations because they want to first undertake a degree of internal restructuring before accepting the royalty interest they negotiated to receive as a part of the settlement. The debt holders have indicated that, after they have formed an entity to receive the royalty interest, they will cancel the outstanding mortgages and UCC-1’s along with recording the documents conveying the various interests in the public records. The Company will account for the transaction in 2014 upon final settlement as an exchange of the oil and gas asset for the debt and an extinguishment of the related derivative liability
I am tired and my eyes are too sore for a lot of reading, but this part looks interesting too
Note 5 - Unsecured Convertible Promissory Notes Payable (In default)
Do they really only owe $1,040,706 to debt holders? I thought it'd be a lot more .. Of course, that is maybe what, EIGHT HUNDRED MILLION SHARES worth of DEBT ?? Even if they can keep it selling around 0013??
WoW
Edit: Never mind, that is old data, lots of old data in here- I should NOT read when I am tired. How much does the company owe right NOW?
PS; COMEDY GOLD:
What Happened LLC
On April 19, 2012, the Company issued a secured promissory note in the principal face amount of $100,000 in exchange for $100,000 from What Happened LLC.
Here we go
Ironridge Global IV, Ltd. v. Worthington Energy, Inc.,
In March 2012, Ironridge Global IV, Ltd. (“Ironridge”) filed a complaint against the Company for the payment of $1,388,407 in outstanding accounts payable, accrued compensation, accrued interest, and notes payable of the Company (the “Claim Amount”) that Ironridge had purchased from various creditors of the Company. The lawsuit was filed in the Superior Court of the State of California for the County of Los Angeles Central District, and the case was Ironridge Global IV, Ltd. v. Worthington Energy, Inc.,Case No. BC 480184. On March 22, 2012, the court approved an Order for Approval of Stipulation for Settlement of Claims (the "Order").
The Order provided for the immediate issuance by the Company of 20,300 shares of common stock (the “Initial Shares”) to Ironridge towards settlement of the Claim Amount. The Order also provided for an adjustment in the total number of shares which may be issuable to Ironridge based on a calculation period for the transaction, defined as that number of consecutive trading days following the date on which the Initial Shares were issued (the "Issuance Date") required for the aggregate trading volume of the common stock, as reported by Bloomberg LP, to exceed $4.2 million (the "Calculation Period"). Pursuant to the Order, Ironridge would retain 2,000 shares of the Company's common stock as a fee, plus that number of shares (the "Final Amount") with an aggregate value equal to (a) the $1,358,135 plus reasonable attorney fees through the end of the Calculation Period, (b) divided by 70% of the following: the volume weighted average price ("VWAP") of the Common Stock over the length of the Calculation Period, as reported by Bloomberg, not to exceed the arithmetic average of the individual daily VWAPs of any five trading days during the Calculation Period. The Company has calculated that the Calculation Period ended during the year ended December 31, 2012 and calculated that the Final Amount to be issued under the Order is 856,291 shares of common stock. Additionally, during the year ended December 31, 2012 when the Final Amount was determined, the Company calculated the fair value of the original liability to Ironridge Global IV, Ltd to be $1,981,312, that amount which when discounted to 70% of the VWAP and multiplied by the Final Amount, would equal $1,358,135 plus reasonable attorney fees. In so doing, the Company recognized an expense for the excess of the fair value of the resultant liability to Ironridge Global IV, Ltd. in excess of the original carrying amount of the liabilities acquired by Ironridge and adjusted the liability to Ironridge Global IV, Ltd. for the fair value adjustment.
Pursuant to the Order, for every 8,400 shares of the Company's common stock that traded during the Calculation Period, or if at any time during the Calculation Period a daily VWAP is below 90% of the closing price on the day before the Issuance Date, the Company was to immediately issue additional shares (each, an "Additional Issuance"), subject to the limitation in the paragraph below. Since the issuance of the Initial Shares, the Company has issued an additional 194,200 shares of common stock during the nine months ended December 31, 2012 plus an additional 510,000 shares of common stock during the nine months ended September 30, 2013. At the end of the Calculation Period, (a) if the sum of the Initial Shares and any Additional Issuance is less than the Final Amount, the Company shall immediately issue additional shares to Ironridge, up to the Final Amount, and (b) if the sum of the Initial Shares and any Additional Issuance is greater than the Final Amount, Ironridge shall promptly return any remaining shares to the Company and its transfer agent for cancellation. However, the Order also provides that under no circumstances shall the Company issue to Ironridge a number of shares of common stock in connection with the settlement of claims which, when aggregated with all shares of common stock then owned or beneficially owned or controlled by Ironridge and its affiliates, at any one time exceed 9.99% of the total number of shares of common stock of the Company then issued and outstanding.
15
The Company has issued a total of 6,764,500 shares to Ironridge and had reduced the original liability of $1,388,407 to $68,028. However, on February 24, 2014 a judge awarded Ironridge a third order enforcing prior order for approval of stipulation for settlement claim by requiring the Company to reserve 1,095,950,732 shares of the Company’s common stock until the balance of the claim in paid. Ironridge claimed that the Company’s failure to comply with prior order and stipulation has caused them harm. Ironridge claims that it is still owed $241,046. The Company has increased the balance due to Ironridge to $241,046 at December 31, 2013.
^I think that means that a huge chunk of the HUGE a/s amount is reserved for these parasites, now
I am ALWAYS good to have around
I should be on television, actually, if they gave a program to all of the idiots I see on there these days. It is a crime against love that the horrible ugly disgusting offensive stupid woman has a program, and yet, I don't. Hell, I think they have one about dirt now too!!!
My bids are in- GO WGAS (as soon as I get some sharezzzz- wait for me baby!! )