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A lot of movement on 50k shares. I have to believe shares are tight and we are ready to spring with any type of buying activity.
Imagine when we get news and those on the sidlines start buying again and we see 70 plus mil traded again.
glta
wtc
imshredin2,
very well stated. I also am in all 3.
wtctexas, did you ever find out from Cementers or Team why they think getting bought by WRNW is a good deal for them ? (No. IMO it is because they are plannig to for a more complete services company for an eventual buy out. As you have probably read the large O&G companies are buying up the small service companies to insure they will have the man power to service their assets.) How long are they willing to wait ? ( Don't know..But I do know that their was suppoised to be a conf. call yesterday and I assume it was in regard to the closings with the merging companies involved.) Do you know the purchase price ? ( no)
Shares are tight imo. Tomorrow we close above the 2's!
wtc
News Flash.. Just heard the closings....Won't happen for another year. Better bail out now 3 Saints! LOL
.0019 just posted!
Thanks for you post. As I said I beleive shares are tight and the MM's are ready for this to take a run up.
Huge spread now...bid .0011 x ask .0019
GLTY
Ah yes you must be correct! LOL
Because shares are tight and people are going to have to pay dearly now to get in ...All IMO of course.
wtc
imiloa,
I agree with the majority of what you have posted. I have said all along that I wish we didn't have the "Yotty Factor".
Hey he is a promoter and trying to apease the nervous nellie types that are out there, I for one have my days of nervousness also.
I do not believe Yotty is lying about the goings on of the compnay. Meeting deadlines projected time frames etc. is always a challange.
WRNW has much more in the works IMO, based on past PR's, to create a conglomorate of O&G alllainces that will make them a contender in this arena.
It will take time as this is not a get rich tomorrow play, even though I beleiv it is a 10 bagger in short order.
GLTY
WTC
C'mon people how many other pinks do you own that have done the same thing in regard to news. I'll bet many. Most every pink I own has never provided news on time.
WRNW is expected to provide news. When we don't know, but we will get it and it will be good.
End of 3rd quarter is near.
wtc
Anyone think we see .0019's today?
MM's on the ask...
MM ID Ask Size Time
SBSH 0.0015 5000 14:28:35
NITE 0.0015 5000 15:11:08
FRAN 0.0019 5000 06:53:14
UBSS 0.0020 5000 15:10:44
HILL 0.0020 5000 06:51:50
HDSN 0.0020 5000 15:10:43
DOMS 0.0035 5000 09:31:25
VFIN 0.0035 5000 06:51:31
ABLE 0.0070 5000 06:50:41
ETRD 0.0090 5000 12:38:35
SALI 0.0100 5000 06:50:38
AUTO 0.0300 5000 10:16:40
GNLN 0.0300 5000 12:17:33
I want official news just like the next guy. But the near and long term potential here is one of the best I have seen.
wtc
possible nice end of day surge??? Currently .0014x.0015
With a few buys we could be in the 19's...
Excerpts from David Rees' May 18th Open Letter to Shareholders
“The opportunity for us to become profitable in the oil and gas
business at Well Renewal is exceptionally promising. Our primary
focus is acquiring quality businesses and entering into joint ventures
with companies that have substantial history in the industry. We are
reviewing a number of companies in the industry, both on the
production and services side of the business, that fit our criteria.
Our focus as a management team is to locate these businesses and to
bring them into the Well Renewal family.”
“ As illustrated by Team and Cementer's, our criteria for acquisitions
involves finding a proven business, with a sustainable model, headed
by an experienced, highly competent and ethical management teams. We
have developed relationships with investment banking institutions that
will allow us access to capital on attractive terms to complete the
acquisitions. Our goal is to acquire as many quality businesses that
meet our criteria as possible over the next several years. We invite
each of you to present us with opportunities you may be aware of at
any time. We are always on the lookout for quality companies.”
“ As you know, we are currently trading on the pink sheets as a
non-reporting company. The primary reason that we are not trading on
another exchange is that we do not yet have audited financial
statements. We are currently working on remedying this, and
anticipate having audited financial statements before the end of 2007.
At that time, we will make application to move to another exchange.”
Below has been extrapolated from a letter sent out from an O&G CEO about the current state of the O&G industry.
“it is starting to remind me of Texas in 2004, when the oil patch over heated and service was hard to get in a timely manner and one of the primary reasons we left Texas. What has happened is things are rapidly reaching a critical mass from the lack of service companies and skilled personel. It has gotten so bad that the major oil and gas companies are buying out the service companies in order to make sure they have timely access to what they need done. With this monopoly being formed up everyone else has to wait and wait and wait..” ( this is great for us)
For these reasons I have INVSTED, in WRNW
WTC
humbolt thanks for the DD. It is nice to have an Attorney at the Helm.
wtc
Congrats to you!
Doubt all you want. Myself and many others own well into the 8 figure zone. Just bought more yesterday. If all one does is read this board I could understand there fear of the future.
That is why I have communicated with all known parties except USSU about the content provided in previous PR's.
This company plans on being a contender in the O&G services industry. The ARE aquiring the right companies to do it. The dillution has been minimal and they are aquiring debt instruments to aquire the companies. The funding is secured and they are working on being fully reporting by years end.
With the 2 known companies we will have a FMV of 3 to 5 cents.
AS long as people bash without anything worthwhile I will continue to post the stated facts on the positive.
If you don't believe this then you should be out by now.
Delays and set backs are the nature of the beast.
WTC
imshredin2..Excellent post about the O&G industry supply and demand issues that will benfit our company.
Thanks
wtc
IMO we are tanking due to the delay of expected news.
Later today I plan on posting some interesting insight tothe industry WRNW plans on capitalzing on, the O&G services industry.
Let me just say this for now, we are in the right place at the right time.
As far as account value being down...multiply your number by 20 and you will be close to where I am sitting.
I expect WRNW to be a gem that you will be glad you own. From the DD done I expect this stock to be @ 3 to 5 cents in the next 3 months.
wtc
Interesting speculation. I JUST SPOKE with one of the parties and they said everything is in order and there is a stack of paper 3 inches thick that needs to be signed to complete the transactions.
There was no time frame given. But it is expected soon.
So, why would an existing, producing company want to take part in a scam??? Maybe because we are not being scammed. It just takes time to complete legitimate deals.
Longs it will be worth the wait.
wtc
Anyone else notice the above normal volume @ USSU. Don't know if it means anything to us but it may.
Sitting patiently here and very content with my holdings.
GLTA
WTC
Thats what I was thinking...we shall see.
That is terrific news! Thanks Lowman.
wtc
Ah 'come on..Your the Big Dawg! LOL
wtc
Who's gonna paint to .0019...
The deals with Team and Cementers I expect will be the first 2 of the 3 PR'd. I spoke to Team a few weeks back and Yotty Both parties said everything is on track and the closings are expected.
As per Yotty " News early Next week...Really good news" Next week is next week folks!
Let's get it over the 002 mark.
As you know I have a bundle here and loaded up over the last 3 weeks big time.
GLTA
IMO Shares are tightening up...Who knows. But if that is the case the MM"s may be trying to bring it down. I beleive there is to much pressure here though and people will have to hit the ask to get any.
WE shall See. See ya later.
WTC
3125 shares just brought it down to .0016! A whopping $5 trade Now Thats Funny!
Opened up @ .0017.
PARAS,
I have no info on the 3rd LOI.
I also am expecting great things near and long term here. I am not a flipper. I do plan on taking a bit off the table over the penny mark and letting the rest ride to a nickle and beyond.
WTC
kraigger23,
I always appreciate a chartist view...for which I am not one.
I look forward to your charts and commentary.
Thanks,
wtc
Onemaninnj.
Thanks for your DD.
WTC
Paras,
Thanks for your update on news.
GLTY
WTC
Just spoke to the boys that mailed out the post card. Not really sure what they are trying to do? Said they we brought on ~ a month ago( sales pitch) to raise investor awareness and confidence.
wtc
How much more do you expect this to drop??? Sheesh
You'll wish you would have loaded at least a little here.
Respectfully, GLTY
WTC
Nice to see so many new faces posting with the same optimism as I have.
WTC
gltya
And there you have .0018 just printed.
see ya this afternnon.
wtc