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Low? What exactly do you mean by low? It has quintupled since the R?S in 4 months. Are you joking? Its not about the size but rather how quickly the O/S is growing with no regard for shareholder value. Volk has zero income other than toxic funding. it will continue to around 300MM then Reverse Split again. Anything over 250MM and Volk technically risks loosing his company and with a pps where it is I can imagaine ascenario where we hit 260MM at a pps of .001 or lower and someone could buy this thig out from under him... I have no idea why anyone would buy this POS but it could happen... maybe even monetcito would do it to get rid of Volk and get their well back. Infact maybe that is Monetecito's game. Drag out the litigation forcing Volk to expend more and more shares for dollars to keep the lights on and buy it from under him... Cool!
Great work Tesla!
Turns out Pinkie is getting paid a healthy monthly sum (by Volk churning out more toxic financing)as a part timer AND get shares too. He has nothing to lose , why not take chance on WGAS? DD? Why bother, free cash and shares for a few hours a week...
Pinkie has nothing to lose... Why not take the chance for very little effort on his behalf?
Yeah, good point(s) but I still think perpetrating fraud on investors is a crime.... Therefore, I still say crook.
Likewise. People need to be aware of what a crook Volk is. I'm just here to help share perspective on my past experiences with WGAS.
How many people think we'll see .004's today? I do!
Go for it but you should wait. It will go lower...
People know this stock is a crap sandwich in a fancy wrapper...
That's the spirit!
Negative is in the eyes of the beholder. Stating the obvious is just being realistic. This is going to .005's and lower.
Just like .006's weren't supposed to happen yesterday.... Sit back and watch... More dilution will continue to drive this lower.
Hey don't ask me, certain people here feel anything negative is manipulation...
With all this toxic debt I imagine another Reverse Split is looming. That's not trying manipulate, just stating the obvious....
.005's up next! Not manipulating just stating the obvious! Look at the chart, down, down , down...
Gruesome comes to mind!
Very smart DH!
Ditto...
IMO this is going much lower... but don't feel manipulated, it's ust an opinion...
We're headed into the .006's but don't feel like I'm manipulating anyone by stating the plainly obvious...
Stop manipulating the stock Atlanta! You might be reported!
I actually like that he's a devious little bugger but those are the people to be most cautious of...
I'm sure Char;ie gave him a nice incentive to join the same way he got the previous BOD to join... A lofty plan, big pay day, shares in Volks other companies!
Who knows what load of crap Charlie told Pinkman to get him onboard. The promise of VM is VERY alluring. He probablly told Pinkman that we'll run the shares out the door as fast as we can then do another Reverse Split to get things under control.
Who's to say Pinkman won't jump ship when sees how bogged down WGAS is with debt, litigation and Charlie's shenanigan's? No doubt Pinkman has been doing his homework on VOlk and the former BOD. Who wouldn't want to be aware of the back story when stepping into a situation like this? Unless, Pinkman gets on board with Charlie's toxic financing strategy he'll be gone too. Also, why would VOlk hire a new BOD when he still has no income? What is Pinkman getting paid anyways? Volks only income is selling shares... ANOTHER REVERSE SPLIT COMING!
To be clear, buying assets is not a merger. A merger would include assets AND liabilities. Since Charlie Volk has no cash without selling more sahres you can imagine what that will continue to do the pps. THEN if Chralie want to drill those assets he'd have to issue even more shares... Those two actions would proablly require another 100MM in stock to be diluted further increasing the O/S and devaluing the stock even more...
WGAS will own 51% of VM179 when the judges says they do. Until then its a transaction being litigated.
When Pinkman sees what's going on he'll split also.
Ummm.... Virgin has been in bankruptcy for a long time, $44MM in debt. How will they be worth anything after debt is paid? The company is more broke than WGAS and you think merging with is a good thing?
They control wha? Yeah, that's why it's been in litigation for 2 years.
So you think, Volk , as Chairman of the Board, founder of the company had nothing to do with ANY decision while Tony was CEO? You better believe he was running the show regardless of who sat in the CEO chair.
There is no difference what so ever. Why is it taking soooo long if its a done deal? What are the contingencies? Why hasn't Volk public ally acknowledged the 2 year long litigation?
Volk was CEO of Paxton (wgas)before Mason. Volk appointed Mason when Volk acquired Mason's company and changed the name to WGAS. Volk founded Paxton. this is really basic stuff here bro, do some research...
When was this alleged letter received? That's right, no one knows for sure but they've been dangling this 8.5 million in front of investors for the last 8 months...
Be very careful investing with Charlie Volk! Read the posts from both posters citing both sides of the argument here. Make you own call. Read the past 3 10Q reports. Understand why they are in litigation, why the have cash, why dilution is nonstop, the timing of the Commitment letter in regards to the former CEO and board resignations... VM has potential , will it ever happen? No one knows...
Volk is not a new CEO to WGAS, nice try. He's been running the company since it was Paxton, he started it! He would surprise everyone if he stopped diluting the O/S with all of his toxic financing!
Not at all...
Don't forget Volk "booted" the entire board... hmmm... or maybe they all got sick of Volk and left on their own. After all, he was making deals behind their back and wanted only to fund the company with toxic finnancing... or maybe he just kept giving himself more and more shares outside of what was agreed upon... or maybe they found out that VM has a whole host of problems with the siesmic data that will make getting the oil from the ground much more costly... or maybe they left because VM was going to be in litigation forever! Which scenario sounds more likley?
It was a compliment. As frustrated as I was with you when I was long here, you were aware of something I was not. That was to keep my emotion out of this. WGAS looked to be so promising... I stand by my calcs regarding the potential for VM BUT.... I've come to realize that this thing is bogged down in so much crap its not even funny.