Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I wouldnt be surprised by another RS.
But it might not be the end of the world.
Actually Ron from Surety's job is to just get you to buy more stock.
And Volk's job is to pay him a monthly "stipend".
I'm on your team dude, but it's all going to come down to:
1. Having some form of revenue leading to
2. Retiring convertible debt (that is what is killing this stock)
And there is plenty of convertible debt to go around.
We'll see. Just need revenues, which the company has never had as pointed out hundreds of times.
Ask to trip 4.
I agree with both of you.
A CC would be great.
Although I can see why they are trying to avoid it.
Too many questions about offers with strict non disclosure agreements. Might disappoint more than help.
Oh well, I still want a CC.
That's yelling to me further dilution.
Cause the stock didn't tick up to 0004
This is why the stock is safe from dilution.
At least for the time being. IMO
It is priced to buy.
Buy and don't touch for 1-3 years.
Getting a device approved is a much easier process than a drug.
I have faith based on what I have read.
Exactly.
Especially at these prices. Turd prices.
Gonna be interesting.
Hello all.
I'm finally in the game.
I picking up some this morning.
It's priced to own.
My only concern is possible dilution, but I think they will avoid this. (My broker told me they need to be around 1buck to stay on the Nasdaq, so they don't have room for much dilution)
lol I doubt that very much, but I am loading anyway ha.
Has anybody figured what the market cap could be if the 180bpd
production actually happens?
Also one should assume further dilution to at least 2bill
Exactly.
So we have no reason to worry.
Also the MM love the retail markups down here.
Time will tell the story.
I have faith.
Yea I'm thinking he isn't surprised by this.
Jaw dropping and pooping his pants.
Exactly!
What a heist...
There is a reason Addams was cool with 70mill equity.
Regardless of the falling prices we have seen in recent past.
Looking several months or years down the road.
I noticed the lack of quotes from Volk as well.
A "normal" penny P/D with a price dropping like this would release PRs daily.
Sometimes multiple times a day. I have seen this.
The debt holders know and knew dilution and cold feet will clear the
field for them giving them huge numbers of shares.
MM are involved too knowing they can retail them easily.
Emotions are starting to get a hold of people.
Even some of the believers on here lol.
I'm confident.
See that is where we will have to agree to disagree to disagree.
I also look at it this way.
If it doesn't work out it isn't even a big deal ha.
A couple grand gone! oh no!
Who cares? Life goes on. I'll write it off my taxes anyway.
But if I am right, that will be quite significant.
You understand?
Lol what if he doesn't?
I think they put quite a bit of time and effort into the transaction to get weak in the knees because an already overtly volatile stock dropping. Between dilution and manipulation, both of which he is aware of I am certain.
I'm not worried.
Let it ride.
All this talk about longs suffering.
I agree but I think it is only perceived by them to be this way.
Simple solution: just wait longer or better yet buy more.
What do you think the pps will be if WGAS actually produces 180bpd?
Even if and when OS goes to 2 or 3 billion.
I look at it this way.
Also better chance of having long gains at that point, who care what
happened in the mean time.
I can neither confirm nor deny this.
First I'm hearing of it.
You never know.
They are pretty strict with those non disclosure agreements.
Wouldn't see crazy volumes if only a small number knew.
But yea, I mean "long way out" what does that even mean?
Ha. In pennyland and in VPLMs case I think this translates into "possibly a month or few months". You know?
I mean put that into perspective.
People put money in companies waiting to capitalize several years down the road potentially.
Yes.
The key here is to block out all the noise, take a step back, and watch the story unfold.
Market manipulation is happening here. Nothing more.
0001 would be great for us.
Load the boat one last time.
And I already explained 3 or perhaps 4 times why the IR thing isn't as big of a deal as some will have you believe, but I honestly don't have the time or the patience to post it again, only to be most likely deleted because it's true.
1,163,618 barrels of oil
meant to say mill sorry.
1,163,618 barrels of oil
meant to say mill sorry.
Yea man.
The stage is set.
An similar set of circumstances.
However, I think this is a hold stock rather than a quick flip.
Just need some of that "sludge".
Eh, probably wont happen. Only 1billion + proven reserves...
The holes are probably dry anyway right guys?
Exactly!
Or a combo shares / cash deal.
With possibly multiple companies partnering on the deal.
Which is the theory my broker shared with me.
Partially so they all don't end up suing EACH OTHER after the deal.
There is plenty of details that would need hammered out.
Go VPLM
That's not a screw job IMO.
Just how it looks on paper.
So, wait!!!!!!!! Are you suggesting that he plans
on holding these shares?
Sure would be a shame to actually realize that loss.
I need to buy more.
He has incentive to raise WGAS from the grave.
The cash was chump change given the proven reserves.
Addams wanted equity for some reason.
Wonder why?
Yea that's what I was getting at.
So I'm supposed to believe he accepted 70mill shares in passing?
That is quite a story.
Odd that Adams is in on it too considering the equity acceptance.
But what about the RS after that RS?
Yea I mean some people are up 2000% or so at this level LOL.
Hard to turn down a long term gain of some sort from there.
One could do worse that's for sure.
You know though, I need to defend the BOD on these time parameters.
1. Suitor needs deep pockets
2. They need time to DD to make sure they are getting what they think they are getting.
3. Negotiations take place over several weeks per suitor. Not "we will call you tomorrow with an answer." lol
4. Bid war?
I mean if there is any step I want the BOD to NOT rush through it is about now.
I agree completely.
I think it's hilarious a couple people are still ringing the P/D scam alarm.
Lol.
Yea a PD scam that rose from .005ish around 2 years ago would have been able to stay in the teen cents solid for months on end...
Trust the portfolio. Trust the BOD.
Still playing the waiting game.
That chart speaks to me.
Won't be long.
I agree.
That's one thing me and the negatives will just plain never see eye to eye on.
3200*
sorry finger slip
3200*
sorry finger slip
What a poor mislead soul.
Hope that person doesn't spend that 320 bucks all in one place.
What a heist...
LOL!
Quarterly filing will be retrospective, and drilling in supposed to start over next couple months, so they will not show any revenue yet.
Just keep selling it down Mr. Market, I'll be waiting.
Won't take much to rise from the ashes.
Market cap super low.
I see what you're getting at.
So we are seeing prior failures convert now.
Futures so bright, ya gotta wear shades I suppose ha.
I'm gonna try to snag some more tomorrow.
Trip 4 is my target.
There's that possibly, and also getting this project going won't be free. Equipment and employment isn't free. Patience will pay off here. Especially for those that are getting in around these prices.
I thought the exact same thing the other day when I bought.
Here we have the same company as months past, only trading at a discount.
If you believe the company will sell for more than the current market cap you will make money.
I believe it will. Well above the current cap.
Therefore, any price from here to 40-50 cents is gravy