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Very possible, yet someone has to be buying them?? I imagine they also are looking for a 10 bagger from here.
Any semblance of positive news and IMO we run. Some may call me foolish but if half of the info PR'd comes to pass we have a fmv of @ least 3 cents and that is if all shares 2 billion a/s are now O/S.
The upside is promising here. The waiting and poor info really stinks though.
wtc
Looks to be a little buying activity happening now. I beleive from here it is a 10 bagger for all as soon as the news hits.
wtc
I do not believe the game is over. I do not believe Rees is putting out False and misleading PR's.
I do believe that there are a lot of good things happening behind the scenes and it has all been discussed in PR's.
The negativity on this board is absolute rubbish. The only thing that has not happened here is meeting projected deadlines.
The lawsuits are an issue that is being dealt with and I do not believe they will be the demise of this project.
I expect news this week to clarify and give a refreshing perspective to what we have.
AS I have said before I will either make a chunck here or lose it all. For now I feel the odds are greatly in my favor to make bundle.
I have all my shares and have been averaging down. to the point where my cb is very low.
Heck even texas4286 is expecting a pop! LOL
glta
wtc
WE are entitled to our opinions.
Awfully quite out there. Still sitting with baited breath waitng for a PR that has solid valuation details.
Feels like I am watching paint dry here.
wtc
Posted by: stervc
In reply to: wtctexas who wrote msg# 2768 Date:10/28/2007 2:23:49 PM
Post #of 2852
Wtctexas, with WRNW & its Valuation...
Thanks for posting WRNW as it looks very promising if they close everything as publicly announced. Heck, if for not your mention of it in here, I would have completely never even heard of WRNW.
You say WRNW is worth at least .005 per share, but from that last deal, they are worth about .0072 per share from doing some quick math in my opinion. This is not considering if they have closed any other deals, mergers, etc. that might be going on. From considering their mergers/deals that have been on the table for closing, as some already have their audits completed, WRNW would be worth and trading much higher. I’ll explain how further.
It looks darn good from doing some quick research, but I do see how there might be a little reservation until a little more is confirmed. Here’s what I have so far.
Before we explain the derivation of some WRNW Fundamental Valuation, let’s first consider some key people’s credentials. I like the fact that their CEO and CFO both have some awesome achievements that are very legitimate and should not go ignored:
David Rees, the WRNW CEO, has achieved the following below as being an Advisor…
** Advisor for Lyondell with annual Revenues of more than $20.9 Billion and $16 Billion in Assets and trades on the NYSE at $47.25 per share under the ticker of LYO.
http://www.lyondell.com/Lyondell
** Advisor for Potomac Energy a major research project to develop an electrical generator that only requires liquid nitrogen to operate.
http://peswiki.com/index.php/Directory:Potomac_Energy_Projects,_LLC
** Advisor for Entergy which has annual revenues of over $10 billion and approximately 14,500 employees and trades on the NYSE at $118.97 per share under the ticker ETR.
http://www.entergy.com/
**** In 2007, Entergy was named to the Forbes list of America’s Most Trustworthy Companies.
**** Entergy was the only electric utility to make that list from 8,000 public companies.
**** Entergy is the only U.S. utility to make the Dow Jones Sustainability Index 5 years in a row.
** David Rees affiliation with these companies mentioned above alone is a huge show of confidence for investors to believe in the direction he will be taking us.
** And something very important for WRNW… David Rees has specialized in mergers and acquisitions as well as structured financing.
Ok, so I’m convinced that WRNW shareholders are in good hands. That’s enough good to outweigh any bad that I can think of for my personal risk meter; to each its own.
Harry Martin, the WRNW CFO, has achieved the following below…
** Managed the accounting department of a $500 million division of CBS.
** Vice President and General Manager of a division of Hanson Industries.
** Controller of a $100 million subsidiary of Kaiser Industries.
** Was a Captain in the Air Force (So you know I love that part!) and during his tour of duty was responsible for four audit offices in Turkey.
** Holds a BBA degree in accounting and finance and an MBA in finance.
Ok, I’m convinced that we are in good hands here too.
Initially I thought this deal was some kind of shares exchange of nothing being exchanged for nothing. I think the clue light might have clicked on a bit after going back and researching a bit further.
I might be wrong and I hate to say it like this for DVFI shareholders, but it looks like WRNW is going to use DVFI to dilute to raise capital to keep from diluting WRNW. That’s good for WRNW shareholders, but bad for DVFI shareholders for the short term… maybe.
I do see how as high as WRNW goes, later, DVFI could be reverse merged into WRNW on a 1 for 1 basis to bring immediate valuation back into DVFI and out of the grey sheets after the fact since WRNW has an Outstanding Shares (OS) count of 800 Million shares which matches DVFI Authorized Shares (AS) count of 800 Million shares. Also, since they transferred over the entire TEAM of WRNM to be the new management for DVFI, they will have a vested interest in the success of both companies.
It’s actually a good plan for the growth of both stocks, especially since it appears that the audits are done for some of the mergers. Here’s what I have concluded as far as valuation given the closing of the mergers mentioned in their LOIs.
PR for merger with Team Services LLC
Friday May 18, 9:45 am ET
http://biz.yahoo.com/pz/070518/119827.html
** $14 Million in Revenues.
** Approximately $4 Million of that $14 Million to be Income.
PR for merger with Cementers Well Service, Inc.
Thursday May 3, 9:45 am ET
http://biz.yahoo.com/pz/070503/118744.html
** Annual Income of $3,000,000 from Revenues.
** If I had to guess, considering that $3 Million is the 25% standard Profit margin from the Revenues, then that would make the Revenues to be in the amount of $12 Million.
PRs for merger with Midwest-Based Oil and Gas Cementing Company
Tuesday May 29, 11:13 am ET
http://biz.yahoo.com/pz/070529/120409.html
** Annual revenues are in excess of $8 Million, with net margins of over 30%.
** 30% = $8,000,000 x .30 = $2,400,000
** This company's operations are modeled after Halliburton, where most of the senior management was trained.
http://biz.yahoo.com/pz/070503/118744.html
Current WRNW Market Cap is:
800,000,000 Outstanding Shares (OS) x .0006 = $480,000
This is significantly undervalued in my opinion given its recent deals closed and pending. If all of the deals close, the new Market Cap from Revenues would reflect below:
$14M + $12M + $8M = $34 Million
800,000,000 x X = $34,000,000
X = $34,000,000 ÷ 800,000,000
X = 0.0425 Per Share
Now that’s just from the Market Capital Analysis. The total anticipated Income to come from the Revenues of those deals to derive an Earnings Per Share (EPS) is below:
$4M + $3M + $2.4M = $9.4 Million
$9,400,000 ÷ 800,000,000 = .011 EPS
Now let’s consider a “conservative PE Ratio” of 12 for the growth rate for its Industry and Sector that it trades within:
12 PE Ratio x .011 = .132 Per Share
Now the above prices are Fundamental Valuations as to where WRNW should trade given the closure of the merger deals that are already on the table, of which some have already had their audits completed. That is the risk in which why we are here deciding to take.
I’m guessing that it would be fair to not expect any kind of dilution from WRNW since they are expecting to close the deal for $1.8 Million with USA Superior Energy, Inc. which trades at .85 per share as USSU on the OTCBB as indicated in the PR below and since the due diligence process has already begun:
http://biz.yahoo.com/pz/070808/124527.html
Also, when you have audits on file as completed with other audits submitted pending closure with the SEC, the share structure must remain in tact from the due diligence procedures involved with the SEC.
For these reasons above, I think WRNW is safe from any kind of dilution or increase in the OS.
With considering all of the above, WRNW and DFVI might have had some skeletons in their closet if I had to guess which is what contributed to them getting down to these levels. I have just come to simply expect that with every pink sheets stock in the market (LOL). That’s why we should be glad that such is the case as we might not have given WRNW any attention if it were already trading in the pennies after all of these things had transpired. Level II looks very strong from the bottom up at the “Ask” with WRNW as the pennies really don’t look too far away.
I and anyone else do not know where WNRW is going for fact or how much it’s actually worth, but .0006 per share seems like a steal at these levels given all of the coals they have in the fire. I think WRNW is still on the ground floor as an existing opportunity for many to take the risk for some potential rewards. I think it’s worth picking up a couple million shares. Thanks again for bringing it to the forum.
v/r
Sterling
From My conversation with Rees a few months back ( things could have changed) He said he had no intention of using shares to complete te mergers due to the low share price. They are using favorable terms from loans to secure the mergers as per Rees from a few months back.
wtc
Ready for a pop...
NITE 0.0006 5000 09:18:57
ETRD 0.0008 5000 09:16:47
DOMS 0.0008 5000 09:21:39
SBSH 0.0008 5000 09:30:03
SEAB 0.0008 5000 06:50:40
HILL 0.0009 5000 06:51:21
FRAN 0.0013 5000 06:53:17
UBSS 0.0028 5000 09:30:20
VFIN 0.0035 5000 06:51:01
HDSN 0.0035 5000 06:52:07
AUTO 0.0060 5000 09:30:07
ABLE 0.0070 5000 06:50:10
GNLN 0.0090 5000 06:53:12
Worth another read..
Posted by: stervc
In reply to: zinvestorjac who wrote msg# 26173 Date:11/2/2007 4:18:08 AM
Post #of 26191
Zinvestorjac, with these WRNW thoughts...
Please, before you begin reading any of my thoughts, please understand that I am simply killing brain cells while trying to figure out what exactly is happening (or close enough).
By all means anything I say is not to be considered the gospel. I would like for you or any anyone else to share your thoughts to bring me back to earth if some of my thoughts go out to another planet.
** I think with the legal issues that existed with WRNW, they had to co-exist through another company. This is how you get around the legal issues. Imagine WRNW closing the Team and Cementers deal, then selling the assets to DVFI again as like the previous deal, and then simply giving WRNW shareholders a 1 for 1 spin-off.
** With the WRNW OS being 800 million, WRNW must have at least a 51% controlling interest. That would mean that WRNW has 800,000,000 x .51 = 408,000,000 shares. This means that us retail investors would make up the remainder equating to 800,000,000 - 408,000,000 = 392,000,000 shares.
** This means that they could add/account for the 392,000,000 shares of us retail WRNW investors by way of a 1 for 1 spin-off of DVFI and would take the DVFI OS up to the appropriate amount of 392,000,000 + 383,853,101 (DVFI OS) = 775,853,101 shares.
** They could implement a "poison pill" type of creating of preferred shared to make sure they always maintain a controlling interest, but through preferred shares instead so that the OS won't get increased to dilute the fundamental valuation to determine its actual worth.
** What I think could be happening is... yep... some of you might have guessed it already as this term is not new to some... but... Parallel Valuation (PV). This is simply when a parallel valuation is established from one stock due to its relation in another particular stock.
** See PV like this... With a much lower Float and OS with DVFI, it would not take much for the price of DVFI to increase. If a 1 for 1 spin-off were to be given, if DVFI is at .01 per share, then WRNW will be worth .01 per share. Another way to see it would be to think that if you had to buy shares to get its stock to .05 to .10 per share, which stock would be the easiest for doing such; DVFI or WRNW? Probably DVFI because of the Float being much lower.
** This means too that DVFI would increase valuation into the newly transformed WRNW shell to where it would better put the WRNW in a much better position to leverage a lower amount of shares at a much higher price to resolve some of the issues that forced WRNW to transition all assets into DVFI.
(Too tired to proofread the above.)
v/r
Sterling
I expect news of merit this week. It won't be long before we are back to 1/2 penny.
glta
wtc
The link takes you to an E-Trade site.
wtc
I don't know?
From: Todd XXXXXXXX [mailto:XXXXXXX@austin.rr.com]
Sent: Thursday, November 01, 2007 9:32 AM
To: wdyotty
Subject: Well Renewal, Inc. Was acquired by Diversified Oil & Gas Holdings, Ltd
Bill,
What's up with this??? Typo? Do they need to send out an amended PR
Well Renewal, Inc. Was acquired by Diversified Oil & Gas Holdings, Ltd. (OTCPK:DVFI)....
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=3168423
As of October 25, 2007, Well Renewal, Inc. Was acquired by Diversified Oil & Gas Holdings, Ltd. (OTCPK:DVFI). Well Renewal, Inc. Engages in the drilling and production of oil. It also focuses on oil field services. The company was formerly known as Medenta Corp. And changed its name to Well Renewal, Inc. In 2006. Well Renewal is headquartered in Tulsa, Oklahoma.
Thanks,
Todd
Amazing!!!
As the PR released recently stated, Well Renewal sold nearly $2M in O&G leases to DVFI. Simultaneously WRNW received a majority position in DVFI stock.
And as such WRNW mgmt immediately took control of DVFI (so E-trade has it backwards!). WRNW has contracted with DVFI to recondition (rework) all the O&G assets
DVFI purchased and as stated in the recent PR operate the leases for DVFI; creating an excellent ongoing revenue stream for WRNW as it pursues its new mission as an O&G Services company.
Thanks for bringing this to our attention and we will contact E-trade and get it straightened out ASAP.
Thanks again,
WDY
From: Todd XXXXXXXX [mailto:XXXXXXX@austin.rr.com]
Sent: Thursday, November 01, 2007 9:32 AM
To: wdyotty
Subject: Well Renewal, Inc. Was acquired by Diversified Oil & Gas Holdings, Ltd
Bill,
What's up with this??? Typo? Do they need to send out an amended PR
Well Renewal, Inc. Was acquired by Diversified Oil & Gas Holdings, Ltd. (OTCPK:DVFI)....
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=3168423
As of October 25, 2007, Well Renewal, Inc. Was acquired by Diversified Oil & Gas Holdings, Ltd. (OTCPK:DVFI). Well Renewal, Inc. Engages in the drilling and production of oil. It also focuses on oil field services. The company was formerly known as Medenta Corp. And changed its name to Well Renewal, Inc. In 2006. Well Renewal is headquartered in Tulsa, Oklahoma.
Thanks,
Todd
Amazing!!!
As the PR released recently stated, Well Renewal sold nearly $2M in O&G leases to DVFI. Simultaneously WRNW received a majority position in DVFI stock.
And as such WRNW mgmt immediately took control of DVFI (so E-trade has it backwards!). WRNW has contracted with DVFI to recondition (rework) all the O&G assets
DVFI purchased and as stated in the recent PR operate the leases for DVFI; creating an excellent ongoing revenue stream for WRNW as it pursues its new mission as an O&G Services company.
Thanks for bringing this to our attention and we will contact E-trade and get it straightened out ASAP.
Thanks again,
WDY
In a previous post I stated I was TOLD Bill Grey Sr. was a drunkard. Appearnatly he reads these boards as he called me last nite, left no message but I called him back this AM.
Bill Grey I have no basis other than what I was told. Therefore I will not spread a rumor I can not back up.
As I man of my word I Publicy Apologize for my statement.
Respectfully,
wtc
Those court docs on the lawsuits were months prior to the sale to DVRI. They are not new. Therefore IMO carry no weight to things being held in receivership as the sale happened
How do you fiqure the lawsuit which is very old news hasanything to do with todays vol.
wtc
Does this mean your are ready to see it run for a quick flip.
Just pick up a few more this am.
wtc
Interesting. That Contradicts both WRNW and DVFI PR's.
WRNW CEO David Rees said, "This is an excellent development for WRNW. This transaction enables us to make monthly revenue while at the same time participating in the ongoing success of the leases /b]through our future ownership stake in DVFI.
From DVFI's PR....
Board of Directors, New Officers: James Lancaster, CEO, regrettably has resigned his positions with the company at the demand of his personal physician due to ongoing health related reasons, effective as of this date. Prior to Mr. Lancaster's resignation, Mr. David Rees and Mr. Harry Martin were elected to the Board of Directors with Mr. Rees becoming CEO and Mr. Martin elected as CFO of Diversified. The new Board members then accepted Mr. Lancaster's resignation effective October 24, 2007, at the end of business.
Hard to get accurate info these days...
wtc
My uderstanding is he left long ago...May have a postion who knows.
asta' mana'
wtc
Got this from Lowman on another board...
API 10/31/07 1:10:16 (Business Wire) New York, NY. Insiders to Ted Turner and several other media moguls are claiming they are keeping micro oil and gas company news from being widely heard about, while they swoop in and go for the kill. This comes as no surprise, as media moguls did not become moguls by being dimwitted lackees.
Those invested in these micro oil and gas companies are being strongly advised to hold onto their positions, while the big wigs position themselves for a future turn of events.
I guess it's good they SOLD the assets in question before the case goes to trial.. or were they suppossed to be frozen before trial.
My experience is when there are assets in question the trustee and receiver are in place before the trial and all assets are frozen pending the outcome.. but what do I know I'm just a Texan.
wtc
Fair enough. Thanks
wtc
I wish they would pump the stock!
From my dd on old man Gray I was told he was a drunkard in need of money when he was bought out and did'nt like the terms and now is doing everything possible to discredit the company. Talk to his soon if you want more.
AS far as pumping goes look at the PR's before Rees...Those were Pump!
Sorry Y'all I don't know if it is a letter or PR of closings.
Let's not get so dang critical here. News is coming.
wtc
Get off the soap box man. LOL
wtc
I expect some sort of an open letter to shareholders from Mr. Rees, providing us such and update sometime next week.
wtc
Here is a great post without the Personal attack I think should be seen by all...
Posted by: zinvestorjac
In reply to: AmericanDSSS who wrote msg# 26050 Date:10/31/2007 12:12:54 AM
Post #26053 of 26067
who said Rees was unavailable?? Pick up the phone xxxxxx. I spoke to the man today for over 30 minutes. Got alot of answers on the DVFI relationship and my thoughts were right on the money. Again, disclosure prohibited him from saying anything directly but indirectly he fully expects DVFI to be worth much much more in the coming months. It all depends on the LOI's previously announced. WRNW has done their part to give DVFI it's push, now the DVFI board must get it's act together and start executing. It seems to be very close
You dog I cant get to my account til later today!
LOL
It appears those that wanted the price to get down are gone... for now anyhow.
My communication with Yotty yesterday, indicated we should have clarifying news as to the merger with DVFI, I hope to also see at least one of the deals complete with Team or Cementers in said news.
wtc
Don't let her run yet ...I'm getting funds cleared and hope to buy @ .0005!
zin, I also have never had a problem speaking with him. I think he just avoids some due to there demeanor.
I expect more news very soon that can give clear insight to the future of WRNW and all that is still in the works.
wtc
Just reac the PR. Very Nice.
Hello...anybody out there. I say this is the lull before the RUN.
wtc
Well just my opinion of coarse but from what I can see and have read about DVFI, this transaction will help both companies greatly. Their is no doubt in my mind that WRNW will see 3 to 5 cents in short order. It wasn't that long ago we were @ .014.
WE have a much stronger fondation now and from what I have verified we will be very happy with the closing soon to come on Team And Cemeters.
No let's get this party started.
Nice to see many of you from the DVFI board posting your insight.
Thanks,
Wwtc
You boys play nice...Jr & Dog
Best thing I can say is to read the PR's on WRNW since May of this year. They will give you most of what I know about Team & Cementers.
Welcome
wtc
As of last Friday the A/S is the same.
I am waiting for the meat! I have done all the dd I can do to confirm the closings of Team and Cementers. Most recent has been with Team as of today the closings are on. Well it said so in the PR,,,but no one wants to believe the PR's...
I wonder if people will believe the PR when it comes out and says it is done.
What do ya think JR?
wtc