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You could be right! .005's on the way! No news here, nothing...
Whoa! We're at 174MM in O/S REVERSE SPLIT IS COMING!
Where is the loan you were promised? More likely you will see triples 0's before you see a loan or court settlement IMHO.
Intentional
OMG! I didn't hear about any of those! JK!
Yes! A PR is on the way ! We must settled with Montabano!!!
You know it baby! To da moooon. This minor dip is just a loyalty test!
But... but there's a judge in Parish , Texas who gave ruling? I heard people here, heard from someone else it was good news for us... Tony Manson was supposed to be a great CEO with connections... What about Charlie Volt he founded EXXI and Osange....
But ...but wasn't there a bankruptcy hearing for Virgin Oil? How can this be going lower?
What do you mean they have no cash? But.. But... but they own a MASSIVE oil well! How can they not have any cash? They have a commitment letter though... doesn't that mean they got the money? The PR says they're going to drill in Q2/Q3, they must have a platform built and ready for installation, right? I feel sooooo mislead! How can this beeeeeee? Based on Volk's past history I find this impossible to believe! I've just been blindsided from out of no where! Were there any signs at all leading up to this?
LOL! "Already funded..." That's a good one. Thanks for the laugh!
LOL! He's not losing anything from dilution... He can R/S at his whim and/or issue himself as many shares as he wants to have! WGAS is his own personal ATM!
Yup, heard that before... We've been waiting for that for the past year... The pps will drift lower and lower on disapopinting hype that never comes to fruition...
Could be Volk giving himself more shares, could be Asher or Ironridge... Its all speculation but a leopard doesn't change his spots. Toxic lending is all Volk has and all he knows how to do. Where's the 8K on those shares... of yeah, Volk knows how to skirt that reporting requirement...
Volk quintupled the O/S since the R/S. The O/S is more than half way to 300MM. It's coming quickly... What would you do if you had half of your A/S outstanding? You'd open your self up for a buy out or take over, especially if the pps is still in the crapper.
You're justiying why shareholder's lost 90% of the value of their investment... Toxic funding is the only way Volk know's how to do business. When the O/S hits 300MM, mark my words... Reverse split is coming. What company would want to give up control of over half their A/S?
It's a great sounding PR to save the PPS from the gutter after the BOD and their only well split from Volk. Just an ambiguous letter to sucker people in who want to run their money fast w/o doing DD. When was it written? What are the terms? They've had the letter for months and chose not to use it,IMO. WGAS has not even publicly acknowledged the Paxton litigation with Montecito.
Are you joking?
PROVE IT! Why were they taken down from the website? Why has is been "in process" for over a year? Becuase IR says so? Didn't they also say the building was getting rewired, that's why the phones went down? Didn't they also play dumb when we found that Nevada changed the listing of the BOD member's upon Mason's and BOD's resignation? They also had no idea when the letter was written and "had to go check" , gave only a mnoth and no day. That's pretty material given the impact of the PR... WGAS IR is a joke...
Pre-approval is the language Mason used... That may have been a Commitment Letter. We don't know, have you seen the letter? Commitment letter and pre-approval are the same thing. Either way, no money has been exchanged until certain conditions are met. Nothing new here.
How much has been accumulated since the R/S? O/S has quintupled which means shares are being converted.(debt getting paid) Value of your shares has gone down and is going down due to more dilution. We know Volk is flat broke, how else is he going to get any money to do anything? ADD MORE DEBT by issuing more shares for conversion.
REVERSE SPLIT is Immenent! O/S has quintupled since the last R/S! Volk is flat broke other than pawning WGAS shares to the likes of Asher and Ironridge!
Sure you can. Volk can't even list the WGAS "assets" on his website anymore because there aren't any. Something happened to DBar that he can't even list it any longer. He'll probablly re-list calling it a development for all the newbies who have no idea that WGAS has been touting that one for 2 years as well with no progess! I bet he'll probablly claim debt has been paid down since last quarter but we won't see how much new debt has accumulated until May!
You have got to be joking! What new developments? Volk has been touting $8.5MM in preapproved loans for the past 2 quarterly reports. Surprise! The Ventana letter happens to be for $8.5MM. This letter is nothing new. They've been alluding to it for months! When was the letter written? What are the conditions for the loan? No one knows!VM is still in litigation! there have been ZERO new VM developments. The only new is the HYPE and quintupling of the O/S! WGAS has nothing to do with the Virgin bankruptcy, they are not closer to a settlement than a year ago... It's impossible to tell how much debt has been paid in shares and also impossible to know much debt is increasing via more toxic lending practices!
Exactly, next possible court date is end of March...not today, not this week not next week...
That one PR was full of bologne to cover up the recently departed BOD and their only well.(small as it was)It was also a letter most likely written 8mos ago but not released until there was a need to maket he stock look good in light of how aweful the BOD and well departure would have been perceived. True there may not be daily fluff PR's but that was certainly a disingenuous attempt to keep the stock afloat.
New LOWS not lies...
After today when nothing happens we will see new lies. More people will be disappointed from all of the hype... False expectations will continue to piss people off...
FYI - There is no court date today...
Can someone fill me in, why are you expecting a PR?
What kind of news?
OLD NEWS!
Judging by the amount the O/S has increased , quite a bit. We have no idea how many more shares have been issued for conversion either. What good is it if the stock pps drops with all of the conversion. Another R/S is imminent.
Pick up the phone and make some calls, send some emails. PLENTY of resources available to contact for public information. Also, use some common sense.
STICKY THIS!
How can ANYBODY dispute any this? They can't? It's all true!
I couldn't agree more!
Filings? HA! From what I'm hearing((opinion alert)), the owner of this other S.TX lease won't even call Volk back! That's why he can't/won't list the name of the lease on the website, Volk can't leagally mention it because there is no deal in place. DBAR has been a joke! Even if he did close on it there is no money to develop it. He'd need cash to close it, owners won't take stock. Developers won't take shares either and to get the money Volk would have to go back to Asher or Ironbridge = MORE TOXIC DILUTION!
The O/S is rapidly creeping up and most lenders will start getting cautious about a looming R/S. Maybe they'd lend the money after another R/S when the price goes back to .005!
Those "acquisitions" are "in process" and have been "in the process" of getting acquired for 2 years now.
It was 137MM 2 weeks ago when I called... 32MM post R/S.