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WGAS does not currently own any property free and clear. Anything listed: "in the process of closing" has been closing for over a year and some for two years... Notice they won't mention the names and address of these proprties... Also, notice nothing has ever happened to them other than be listed on the website.
You want me to post a link to an 8K declaring no activity is occuring? LOL! The absence of any 8K is all you need. The absence of any news or new developments makes my point perfectly. Dbar has been "in the process" of being acquired for more than 2 years! laughable! That project isn't even in litigation!
Because there are legal implications to claiming something that is never going to happen... They can't imply assets that they do not own or have.
Dead is the operative word...
I will not be buying this again unless maybe VM actually goes through... or they actually turn a profit doing something, anything...
The R/S completed at the end of the fall and the pps took a massive hit. Screwing all of the WGAS shareholders pinning their hopes on VM... Mark my words, Volk will do it again, this time with out a SH vote.
Exactly... wait... I though it already imploded when absolutely ZERo came out of the march 26th court appearance before a judge... I guess reality takes time to settle in.
O/S has more than quintupled since the last R/S... Volk has no money other than converting shares... Please tell me what will happen after the O/S hits 250MM/300MM... Volk will R/S like he did the last time...IMO. I didn't file an 8K on that however. Just said it here...(unofficial)
NO CATALYSTS here just fantasy... No deals are being made... No acquisitions either. VOLK has no money and who would take stock in this pos and give up their assets. Virgin needs cash not shares. The more shares Volk issues the lower this continues to go... Sad, sad state of affairs.
HUGE VOLUME today! but but but there are CATALYSTS! What a joke!
Nothing going on here period... Nothing but a REVERSE SPLIT with the O/S quickly rising.
What big deals are those?
Well beacuse they're going merge with a bankrupt company, didn't you hear?
Nothing WGAS has ever released, PR'd or otherwise any indication that there is a merger happening or underway. it was apparanetly a dream from the past company Paxton. Not only that, there is ZERO money for Volk to use unless he issues the rest of the authorized shares for cash. There is also a huge amount of debt WGAS is holding which is getting paid down by coverting sahres for dollars... merger would make no sense. Volk would be better off selling the VM "asset"(I use the term loosely) to one of his other shells. That won't happen until the litigation is settled. Who would want to merge with WGAS anyways? It can barely survive or pay its own phone bills let alone develop an oil well. Why would WGAS assume the $44MM in debt that Virgin has? There is way too much baggage around a merger between either of these companies. Montecito wants nothing to do with Volk otherwise there would be a settlement after 2 years of their bickering. Volk won't even mention the Paxton/Montecito litigation and he never has spoke of it other it being listed in a tiny line item on the financial reports.
Toast indeed especially with the quickly rising O/S!
Any talk of WGAS merging is pure fantasy.
They are behind... it's over 180MM
Just be careful trading this. I hate to see people keep loosing money here.
Sure, like that's ever going to happen... Another Reverse Split is more likely!
No way Jose ! This is going down... A lot! Look for triple zeros!
DE-CEMBER!!!! This is a joke.
AND quintuple the O/S!
I told you so!
Yup, wgas is doomed to another R/S!
Yes, more detailed info about "nothing"! More detailed info about dilution!
DECEMBER!!!!!
December? Ha ha ha ha ha!!!!
.004's coming...
.004 soon , .0004 shortly after...
That is the pattern anyways.... nothing legitmate.
.004's on the way!
Very true Atlanta!
.005's again! No one disputes the O/S we've all watched it climb there from 32MM! It's OUT OF CONTROL!
.004's Coming! Who would have though WGAS would hit .007's or .006's for that matter.... now it's hit .005's!!!
Nothing out of the ordinary happening here today... Down , down she goes...
Will Volk risk a hostille take over if the O/S hits 250MM? Will Montecito drag their litigation out and force Volk into another R/S? We'll see soon enough!
This O/S is growing exponentially! It will hit 250MM/ half of the A/S in 1 month! mark my words!
Low? This O/S is growing exponentially! 5X's almost 6x's the level since the R/S!!!
*** What do you think about the WGAS O/S or Montecito's litigation? Here's some food for thought...is it possible that Monetecito's game is to drag out the litigation forcing Volk to expend more and more shares for dollars to keep the lights on and then buy WGAS out from under him? Hmmm... This is one reason I think it would make sense for Volk to do another Reverse split, he can't let the O/S get past 250MM and risk a buy out!