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Oh, so TDA is speculating on WGAS? LOLOLOLOLOLOLOLOL, wow that's a good one.
While the court docs are factual any discussion of rulings or outcomes are pure speculation and hype. WGAS has been around in various forms for many years and has yet to generate a penny of revenue from oil. That is a fact.
TDA has opted not to trade WGAS. That is a fact. Brokers question these things for a reason. TDA is conservative with penny stocks based on their experience in this market. Their experience is much more extensive that any message board info.
There were no facts, just speculation. There are no facts now. Well except for the massive toxic debt, ever increasing OS and AS, no assets, no revenue. But, those are unimportant facts for WGAS.
Remember when Tony was our savior and the smartest man on the planet and his "crappy" well was going to pay off the debt and provide a vehicle for financing of all the future projects?
That wasn't the only miscalculation here.
I am not concerned about it. For one thing, how I would "feel" should never enter into a trading decision.
Okay, but I am not holding my breath for that settlement, I am not buying stock and I am not waiting in rapt anticipation of that elusive after-hours PR.
I don't see this as a good investment at this time and the downward spiral of the price, coupled with the huge increase in the AS doesn't make it an attractive trade for me. It seems that those who have held this long are wishing they hadn't right now but most are down so far that it's not worth selling so, for their sakes, I do hope something good happens.
WGAS is a penny stock. That's how penny stocks operate.
No idea and I really don't care who shows up in court or when they show up. This company has no assets that are not in litigation, no revenue, tons of toxic debt and not enough shares in the AS to cover it. There is no reason to speculate on who will show up in court and when they will show up or even why. There is nothing here in my opinion. But, I do enjoy reading creative speculation!
Just like everyone else who will be invited. I think the list will be longer than anticipated. They will show up when they are subpenaed.
I think that's the fundamental problem with this company and I always have. Companies that have legitimate business plans and viable assets can get financing from real investors. WGAS has chosen to accept financing that will insure it's failure and will also insure that lots of good people lose lots of money in the long process. The only ones doing well here are the company management, insiders and the toxic finance people. In my opinion, there hasn't been any reason to buy this stock since last summer when they announced the third reverse split.
a case study could certainly be made here. Companies have a posse.
The company posse probably knows the answer to those questions, yes?
That's the type of information that makes money trading this one.
I think the SEC is extremely interested in those spikes.
Rumor has it that they were all hanging in Da Lair last night drinking fruity drinks with well booze and those tiny paper umbrellas. Some folks will do anything to increase board marks around here.
Shhhhhhhhh......you'll wake everyone else up and they're all hung over today...
No fruity drinks for me, thanks anyway though! Lurkers, the bar is open!
Perhaps you could offer refreshments, I suggest fruity drinks with umbrellas.
Maybe the debt holders will pay for an "a" team promo! Timing is everything.
I hope you locked in those profits. Looks like there's a ton of toxic debt conversions on the horizon. It's all about timing in these companies that are in the stock selling business. GLTY.
How can anyone call this green
Close on Monday, April 15th - .0040
Close yesterday, Thursday, April 18th - .0028
There is no good way to spin this, sorry. The fact that it closed even lower on Wednesday, April 17th is not great news.
Who got the preferred A shares? Since the company doesn't really communicate, I will play the speculation game.
I think it was someone who knew that the share price is going to .0001 and knew that the market cap would be zilch but still didn't want to lose control of the ATM machine just yet, so they issued Preferred A's to keep control of the company just a little longer until any assets that MAY get freed up here can be transferred to one of the other two companies. Preferred A's are generally a pinkie play to keep control of the company, are they not?
The fact remains that a 1.5 billion AS that is probably already maxed and all that UNPAID debt pretty much kills this one off. But, I bet Charlie has a plan in place to come out great on this deal just like his friend Tony did. You gotta give him credit for that.
Here's my new theory. Volk is buying all the shares and taking the company private b4 they get control of VM179. Then he will own the whole thing when Exxon finally figures out what a tremendous asset it is and he will sell to Exxon and make all the money. Of course, I know nothing about this business so, like everything else here, it's just speculation. But, I bet someone will run with it and develop this theory!
Doesn't like being called out maybe. Don't forget where that sell button is!
In my opinion, it shows how the brokers who sell shares for the toxic funders earn their living by creating fairy tales called Level 2. Watch time and sales for awhile.
So in your opinion those are real bids then? IMO they are just for show.
YOu do see VFIN sitting there with another never-ending, unlimited 10k block, don't you?
No such thing, it's a myth perpetuated by sellers who want to sell shares at the highest possible price. At least the NITE bidder is not falling for it. It is nice to see VFIN drop off the ask for a moment and let some retail sell a few. Whoever got those shares under 2 yesterday should just keep undercutting him by one tick and make a couple of bucks.
911 means "move your ask up so we can sucker up the bid and hit it." Let's watch.
One additional comment on this PR and it's related to that long paragraph at the end that all the penny stocks include as an out just in case the info contained turns out to be incorrect for some reason.
Safe Harbor does not apply to penny stocks.
Section 27A -- Application of Safe Harbor for Forward-Looking Statements
…
b. Exclusions.
Except to the extent otherwise specifically provided by rule, regulation, or order of the Commission, this section shall not apply to a forward-looking statement--
1. that is made with respect to the business or operations of the issuer, if the issuer—
C. issues penny stock;
http://taft.law.uc.edu/CCL/33Act/sec27A.html
9/ The District Court rejected the first defense because the statutory SAFE HARBOR does not apply to Commission enforcement actions, or to penny stocks, like UNDR stock, citing 15 U.S.C. §§ 77z-2(b)(1)(c), 77z-2(c), 78u-5(b)(1)(c), and 78u-5(c).
...
Rel. No. 53122 A/ January 13, 2006
http://www.sec.gov/litigation/opinions/34-53122a.pdf
In your opinion, what has brought additional value to this company since yesterday? What has fundamentally changed here, and don't say it's more valuable because of that well crafted, fluff, I mean PR. Is there less debt, did they find some cash to drill on something somewhere? What has created this increase in value to the market?
Maybe a dice roll of 1k when it hits the trips is in order then. But today anyone who buys is paying too much to play at this table.
Apparently Toxic Charlie's knowledge of the industry is not important but we investors should know the business down to minutia.
What I know is that there is no revenue, multiple reverse splits with another on the way in my opinion, more and more toxic debt, no assets that aren't in litigation and VFIN is at the top of the ask with one of those unlimited, never-ending 10k blocks again today. This company makes money one way, it sells shares wholesale. And the retail buyers are willing to pay less and less for them every week.
No luck necessary, I do wonder why the company chose to invest so much in Tony's well if it didn't have a good report? Seems like a poor use of investors' money, but I don't do the extensive dd on penny stocks that some do. Once they become cesspools of toxic debt and do a few reverse splits I tend to put my money elsewhere. But, I'll see if I can find that report. I sure remember lots of pie-in-the-sky estimates of BOPD that were calculated from it.
Wasn't there a similarly glowing, official report on the viability of Mustang? I seem to recall the same type of wonderful estimates of reserves there?
In your opinion, who is "they"? Nothing has changed with this company, no assets to develop, no revenue, more and more toxic debt that WILL NOT magically disappear without revenue. With over 30 million dollars in debt, it will take a heck of a lot of BOPD's just to keep going. Oh but, I forgot, some financial institution is willing to loan them another 8.5 million. Yeah, right.
Obviously the pressure was on the sell side of the trade today, the price was DOWN by 50%.
fait accompli.
CEO Volk is doing what he has done for years, selling shares of stock. In my opinion he did it very successfully with WGAS and he did it for a very long time with some excellent help that was well-compensated for their efforts..
The facts here have always been the same, no assets, no revenue, multiple reverse splits and tons of toxic debt. Trade on the facts, not the hype or pie-in-the sky estimates of BOPD.
Mason and Volk will pop up elsewhere in stinky pink land. Share selling is a very lucrative business.