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I haven't been watching but it sounds like there hasn't been any news so nothing has changed here, huge volume, dropping price.
It seems odd that there hasn't been a peep from the company about that well that is being spudded. When they were drilling Tony's well there were constant updates. Did I miss something, too many posts here to read them all thoroughly but I don't see anything stickied? Has the spudding gone well?
Looks like the dilution continues though since the price is trending downward on high volume.
What is it they say about OU - a party school with a football problem!
I am busy fighting scammers on another board today! Shhh, don't say anything but I was ready to move on from trying to educate there when suddenly last night I received some very offensive PM's so I cleared my calendar to fight crime via my keyboard. I think it's a cowardly way to fight crime though.
I think I followed you here from Derf's board! Glad you're feeling better!
Interesting that you would assume that he thinks his stock is heavily shorted then. What makes you think that if you haven't discussed it with him?
No, I wouldn't even know how to get in touch with Asher or any of the others but Mr. Volk must have them all on speed dial!
WGAS is a tangled web for certain. I had other plans today until I read my PM's this morning and decided to dedicate my time to this but it's like Groundhog day. VFIN at the top of the ask with 10k shares. Sigh.
Edit - wait. it's a 1000k shares today and that is still probably understated.
I knew he did when they were created but there has been a strong opinion expressed here that they would be given to some other entity to facilitate a merger. It looks like several of us think that they were created simply as a hedge against a takeover of the ATM that is WGAS.
I think that's what I said. The inference here has been that they were created for facilitation of some kind of merger or deal. But you and I agree, they were created to avoid a takeover in my opinion as well.
So you think he would keep WGAS as an Oil Exploration company then? If the story was a good one, he could sell lots of shares.
I think Volk is trying to protect himself from that possibility in two ways.
The first is that new company he's got. If this one is taken over, he can transfer whatever assets to the new one and leave the shell behind. There don't seem to be any assets at the moment but some here think there are things in the works.
The second is the creation of those preferred shares. We don't know who holds those yet.
I don't bet but I wonder, what do you think Sutton would do with the shell if he got control?
Well put, the fact that these hits continue to be anonymous says a lot. The company should be judged on it's products and accomplishments, not the rantings of someone who is short and too frightened to sign their own name.
I am very familiar already.
They could have received their shares but not sold them yet. Saying that the debt holders are paid off is very misleading. I am wondering how anyone would know if those shares have actually hit the market yet? Receiving the shares and getting them all sold are two very different things when it comes to finding the bottom. If there are millions left to sell, as I think there are, then the bottom is much lower than trip 4 in my opinion.
That's not such a bad approach. You know the risk and are willing to part with a small amount, a roll of the dice. And you aren't encouraging others to buy now before they miss the opportunity of a lifetime, which it isn't, in my opinion. Good luck with WGAS.
depends on where the shareholder bought. But, it will be difficult to compare to the run in February for two reasons in my opinion. The first is the quadrupling of the OS since then. The second is that, according to some, lots of toxic debt has been converted, most of it from what we see posted. That's a lot of shares to dump into any run.
So, my opinion, there are lots more variables now but if a shareholder actually bought at trip 4 they might get a double and that's only if the price doesn't continue to drift lower. History tells us that it will continue to drift lower.
DO you believe that the old faces are buying the stock or just here to watch? If they are buying, why do you think the price continues to decline, especially with the volume we are seeing? The old adage, volume before price does not seem to apply here, any comment?
So you are saying that Ike Sutton is paid off? Has he sold the shares he received yet? How would an investor know if it's him selling or someone else?
In my opinion, it seems like we might have a new seller here this week. This one is willing to take a lower price than trip 7? What is your opinion of the trading lately?
That Sierra is one of the most respected of the bunch too! LOL
Right now the toxic debt holders are in complete control here. From the looks of level 2 they are more and more willing to dump their shares at any price, IMO.
Apparently that seller doesn't follow the court case or read between the lines of the filings!
I think the low that day was what, .006? I bet lots of people who watched that day are wishing they had sold that bottom instead of the current one. No luck needed, I don't hold crap like WGAS.
Watch and learn - it works every single time.
FWIW, I think it's the dumper's broker tapping the bid so that someone who is holding WGAS large buys more at the ask for the sake of their margin. There are lots of creative ways to get the maximum dumpage and these guys know them all. IMO.
IMO 5's gone end of day, watch and learn. After all, those 5's will earn the seller another 6k today. They won't leave that on the table.
Well, it's very quiet here today so the promo seems to be over. The company didn't support it with any news so I a taking it off my watch list.
3k is peanuts. That's probably why the promo hasn't moved it more. Hope you do well.
two promoters were compensated to promote it yesterday. Scroll down in the link to see them. Looks like the "C" team.
http://stockpromoters.com/view-stock-promotions-by-symbol.aspx?symbol=slio&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.x=9&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.y=4
The preferred shares control ownership of the company. I still believe it's probably a promoter buying these shares for next to nothing. Here comes the old float lock play. It's so predictable, isn't it.
I've had this on my watch list for a very long time but it's just been sitting there doing nothing and not trading any volume. I thought maybe the promo would make it a little more trade-able but it sure didn't seem to happen today.
So,you're saying that you bought at the 52 week low and sold every share that traded today and made a few dollars?? Or are you saying that you are still holding all those shares through the pop to .0063 only to watch it go right back down to the open price? Good luck tomorrow if that's the case. Hopefully they will continue pumping it tonight. I think you will need a lot more volume here.
It looks like whoever paid for the pump today sold about 7k worth of worthless paper, I mean stock.
Even numbers of shares though so it's all good! Ha!
At three dollar trade to get the price all the way back up to trip 6. It was nice of them to reinvest a little here to minimize the pain of their dumpage, I guess.
Apparently VFIN has a daily dump quota. One must wonder what the rush to dump is all about. 11 million shares at trip 4 today. I guess the well was dry.
You have to admit that it's kind of sad to see VFIN sitting there so hopefully at trip 7, really hoping in his heart of hearts that WGAS will actually generate something, anything, that will get him that price for his millions and millions of shares,...wait, I mean his 10,000 shares. LOL.
Do your own research and invest or not accordingly. Not all reverse splits have a bad outcome.
I brought the info to this board for discussion only because it should be something that enters into anyone's decision to invest or hold or trade a security and deserves discussion.
If they are prepared to bring the reverse split to a vote at the next annual meeting, they have the votes already to do whatever it is they want to do. The shareholders posting here will not have any impact.
To those who questioned the ability of some of us to read filings, I remind you that this is the third mention of a reverse in filings in the past two months. They have devoted lots of ink to this for it to be just "boilerplate" and they have reversed this stock before so they know exactly how to get it done.
IMO, of course.
Yep, it sure looks like a few more members of the investing public have been permanently separated from their money here at WGAS this week.
WGAS is very good at selling worthless paper. That must be why all the most well-known toxic financiers like to do business with them.
I wonder if the spudding plans will come to fruition before or after the next reverse split?
IMO, of course.
Gosh Atlanta, now I am excited! Not investing here but excited. WGAS should hire you.....LOL! And to think, this stock was going nowhere but to da moon after that last reverse split.