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I don't understand the obsession with continually trying to vilify former CEO and board members either...
You can check out the total month of February numbers from the Silveremere website... http://silvermere-energy.com/
Total production and sales of gas recorded during the month were 11,477,000 standard cubic feet (scf),
an increase of 32% month to month and total production of oil was 1,845 barrels, an increase of 4%
month to month (1,912,068 scf and 308 barrels, respectively, net to Silvermere). The well was flowing for
73% of the time in February, representing a significant improvement on the previous month.
We'll see what happned in March any day now...
These numbers are also from February 4... 2months ago before the line was fully charged... We'll see how it does in the last 2 months...
How much has VM produced? A producing well is hardly a scheme. Even at 1780 barrels is not bad in 27 days for a tiny little company. There is still work to be done for sure and 3 more well opportunities at the same platform as well as potential to buy out more interest in the well.
There's no arguement. You claim he got fired and Mason should've relinquished all rights to the I1 well and not get paid the for it based on a contract he and Volk agreeed to. I'm saying the entire board resigned... and that Mason by contract is owed money by Volk.
No sign if ANY asset in play... VM tied up in litigation for 2 years. WGAS has no other assets... No progress on anything that's why no names of assets are listed on their website. Volk is dangerously close to commiting fraud.
Volk entered into a contract with Mason. That's why he should be paid... LOL!
I mean the BoD who all resigned because they were done with Volk and his shady schemes.
No chance, that's why the entire Board if Directors left WGAS and Volk!
How many times can a company R/S before it is seriously investigated by the SEC?
No way any merger will happen! Who would merge with this broke and faltering company?
WGAS will sink on its own inaction and stupidity.
.003's soon...
VERY soon IMO.
The more dilution the lower the pps goes, the lower the value of your shares regardless of why its done.
There are no options!
Just another loyalty test by Volk, nothing to worry about...
It's in a freefall now! Bye,bye hard earned money!
This will go .003's and below... Just a shake out though. Getting rid of weak hands. Don't worry about it!
Reverse split perhaps?
Wow! .004's imagine that...
And so is ANY acquisition or merger.
REVERSE SPLIT COMING, been saying it for months now.
OLD PR... No news!
No promoting other than the same 4 people here today?
If you call manipulation "air", you're right.
"Everytime we R/S..." that sums it up right there.
We'll see... If I recall correctly, the company has not done anything to improve the cash flow. No news on GB2 or Baltimore Phase 1 exploration. Dropping from Columbia was meaningless since they had no operation there.(maintaining an office though). It's more a matter of inactivity than anything else. They leased a new mine(Light Mine) but again, nothing going on there either....
Barely anything has changed beside a few dates since they originally posted their presentation last year... Hopefully Ray will come through.
R/S will happen when the O/S reaches 250MM-300MM. 2-3 mos is very possible... Just consider the rate of conversion... We're up five fold from the R/S... What would Volk do if more than half of the A/S is in circulation? Someone with a $20 dollar bill could assume control of the comapny. (because the pps will be .00001 by then) Not that any sane person would but you never know... Montecito for example could buy back a ton of Stock and control WGAS... Sell back the VM lease end the litigation and throw the rest of company in the trash...
That PR/letter is a joke! We've been through this 100 times at least! Just a smokescreen to distract from the CEO and BOD's exodus! Oh yeah, Volk threw them all out and Mason is crook because he got paid what he is contractually committed to be paid for his acquisistion... Good grief!
That PR/letter is a joke! We've been through this 100 times at least! Just a smokescreen to distract from the CEO and BOD's exodus! Oh yeah, Volk threw them all out and Mason is crook because he got paid what he is contractually committed to be paid for his acquisistion... Good grief!
Not quite, what are those shares worth today after the reverse split? That's right, nothing.
How many million is WGAS in debt?
Oh really? How can they drill they DO NOT own the VM lease free and clear!It's STILL in litigation! Sorry, where was that start date in the PR? Who is their drilling partner? When was the letter written, why is it not posted or publically released? Volk has been dangling that $8.5MM in front of us for the past 8 mos! Hurricane season is around the corner with no money committed by now there is now way they'll drill in Q2 or Q3! The I1 took almost 9 mos! they have to have a platform built installed and hooked up, piping infrastructure has to be laid, testing has to be done, priming the line and cleanout has to be done and before that they have to have a drilling/exploration company retained to do all of the work IFt hey can find one! they might be wait listed for 3 mos before they can even leave the dock! What are the contingencies to receiving the money? When will the litigation be settled? This PR is about as intellectually dishonest as you can get with out being arrested for fraud!
No need to rush out a 10K report that will be the nail in the coffin of this pps...
How is drilling scheduled? They don't own the lease free and clear. All is still tied up in litigation. When is taht start date? I also seemed to have lost that link where its stated , would you mind reposting?
Clearly things are moving in the right direction... Now why is it going down?
If WGAS has nothing, is producing nothing then guess what?... WAGS would then be ... nothing. My mistake, it has debt and loads for shares to give away to further drive the pps into 000's!