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.... ongoing confidence of Team/Cementers, that is not much.
... that was August 2nd. Since then, no update. Maybe he was not lying, but what if this OTCBB company pulled out, ....
Did Rees ever tell you why we have all those delays ? I still think way too many 3d parties involved to be a pure Pump-and-Dump scam.
What about Hinter Wise's involvement ? Why would they be willing to get their name dragged into this ?
What an interesting week it was with lots of good DD and big trade volumes & price drop. Where are we going from here ?
Is it a scam or not ?
Why would Yotty be involving two seperate companies (Cementers & Team) for his personal scam agenda ? Just for some short-term gains ?
Does he not run the risk of getting in legal problems with those folks if they find out they are being miss-used ?
Afterall, they are making profits and would have the resources to go after him. Getting suit by some real companies
rather than some pinksheet investors seems to be quite some risk.
He could have stayed with the Gray's if it all was about a scam only, and put out more PRs as it suits him.
Maybe he saw an upside to make something real out of WRNW ?
While Yotty has some questionable history, does the same apply for Rees ?
Why would Rees have ever started with WRNW, just to get sucked into a scam ? On July 17th he again confirmed the new business strategy.
PFUO and WRNW share some of the same managers, but does this make it a scam ? Is PFUO a scam ?
As someone else mentioned already, Yotty could make far more money if WRNW would be a success, rather than a scam.
He claims to be the one who has invested the most, but does not own the most shares.
... the waiting continues......
Who is that "Concerned Stockholder" ? I could type something up like this and claim it came to me my e-mail. Do you know those folks ? Why did I not get the same e-mail, if they try to save shareholders ?
For what it is worth, if they would think they are being scammed, I hope they would tell us so by now.
need your e-mail
Talked to Yotty today. Not sure what to make out of it though. Accourding to him all is going ok, and longs will get a nice Christmas present (if we hold that long). PM me with your e-mail if you want more.
What else did he tell you ?
I can't pm. I don't think 352 mio shares is small numbers and I don't know what net 30s are. Please fill me in. For me, we are dealing with more than small potatoes.
what does this mean in english ?
You must be joking !! WRNW is sooooo short on cash that they give shares away almost for free (just to settle 200k USD), and you suggest a "divi". This has nothing to do with negative bias, this has to do with a reality check, which you might require !!
.... and do you really think this makes much difference for a Pinksheet share ? I don't !! SEC is not interested in Pinkies.
What is so special about the 15th ?
I don't believe this board has much to do with the share price.
The 3rd quarter is complete, yet another failed deadline (see WRNW's PR of Aug. 8 below).
Maybe I should start a law suit for the broken deadlines and get a few 100 mio shares too.
------
Well Renewal Signs $1.8 Million LOI to Sell Leases
TULSA, Okla., Aug. 8, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), an emergent, rapidly growing diversified oil and gas regional operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties and oil field services, is pleased to announce that it has entered into a letter of intent with USA Superior Energy Holdings, Inc., a Houston, TX based Oil and Gas energy company, to sell its operating leases in Northeastern Oklahoma. The transaction sale price is in the amount of $1.8 million. After an appropriate due-diligence period, it is anticipated that closing will occur on or before the end of 3rd quarter.
WRNW CEO David Rees said, "This is an excellent development for WRNW. These sales fit nicely with our goal of transitioning the company into the oil and gas services business. We are pleased with the terms of the transaction. As we have previously stated, we have been looking for a buyer for our leases for the last several weeks and have been pleased with the negotiations with USA Superior Energy Holdings, Inc. We believe that this transaction is beneficial to both sides."
This is what I got from Yotty in August:
"financing is a combination of debt..usually 2/3 and equity for 1/3"
How many shares do I need to own before people stop calling me a basher? All I am doing is raising some questions. If you've got all the answers, come forward....
Does not mean anything, could be raised any day in the future.
If someone can get 352 mio shares from WRNW for just a little more than 200k, if I were Team or Cementers or who ever finances the deals, I would demand billions of shares at these prices. As such, won't be surprised if the deals fall through.
So they will be making mio of $$$$s if WRNW ever gets to 0.01 or more. What a f....ed deal WRNW made here. I would also like to buy at 20% of current prices.
Thanks, good info. Does this mean they will never get the 352 mio shares ? Or will they get them piece by piece, e.g. get 2%, sell 2%, get another 3%, sell 3%, get ...
"They don’t want to hold more than 4.99% of the OS at any given time" How do you know ? The May and Sept. settlement add up to 352 mio shares. This is about 17.5% of the 2 billion shares authorized.
Intersesting enough, Brighton Oil & Gas, Inc. trades at 0.13, giving it a mkt.casp of about 10 mio USD, while WRNW is only valued at about 2 mio USD. If both companies have no operations, why is Brighton Oil & Gas, Inc. values 5-times higher than WRNW ?
WRNW has always been shareholder friendly.
Give an example please ! At best, they have been shareholder neutral, but a lot of us would not even agree to this statement.
As long as the US systems allows lawsuits gainst God, which appareantly happend, your US court system is pretty much X#!
Everyone can make lawsuits for any kind of stupid reason.
Dig out some more details if you can !!
Why then did I not get a better answers than this:
"How do you know that ? For what amount did they settle ?"
Doesn't matter, I have followed enough of these to say it was at 5-10 dollars in shares to a dollar in debt and the amount is irrelevant because being that this the fourth, there is likely no end in sight.
He might have digged out the lawsuits, but all the rest is speculation. He's got no details on this I assume.
Bla Bla Bla, so you don't know any specifics. May it was 50-100 $/debt, you just misstyped, right.
How do you know that ? For what amount did they settle ?
I don't think shares are tight. If you are willing to pay the Ask, they MMS have plenty to sell to you.
This was the lowest weekly volume traded since end Feb. 2007. A closing above 50 day average, what does that mean ?
wtctexas, did you ever find out from Cementers or Team why they think getting bought by WRNW is a good deal for them ? How long are they willing to wait ? Do you know the purchase price ?
Are you 7 or 8 digits ?
So we have a winner here ?!
To get from 0.0020 to 0.0008 (closing price)
it took more than 310 mio shares traded.
To get from 0.0008 to 0.0018 (closing price)
it took less than 70 mio shares.
How much will it take to get to 0.0100 ?
You mean a better or worse phase ?
No, I got 1.5 mio @0.0015 today, and I have more ordered at 0.0012. See when those come through?!
That would make the market cap. about 500 mio, not realistic if you ask me.
" I can assure you...", I'll guess you put your reputation on the line with this.
What if we don't get news ? Or even worse, if we get news which is no news anyway ?