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Well, I hate to say I told you so... but I told you so. No news is coming, like I said. It was worth the wait.
Check the history on this site and you will find that Gold is very truthful. I wish I would have listened earlier, would have saved me a bundle and I don't mean on my car insurance either.
There is a lot of unfounded optimism and misunderstood history pertaining to key events on this and other NG stocks as a whole. Best way to learn is to listen to the old-timers like Gold.
And Gold, where have you been hiding?
Wow. That's exactly what I stated just a couple of weeks ago. No news is coming, and here we are. What a surprise. Thankfully I actually made a profit of $209.67, so I'm heading to the casino today...should last an hour or so, depending on alcohol consumption.
Now THAT truly is good news. Thanks.
Pickens Plan was killed by Obama's energy plan. This is in reference to past events taking place on a time-line from 2009-2010. Even Cramer of Mad Money fame has referenced this fact. As I said, Obama is backpedaling as all politicians do. The Pickens Plan is still just that; a plan with no forward movement. I hope it does succeed, then we all succeed. So far, it isn’t the case.
I made my comment based upon than three years of following this stock, reading posts and very optimistic posts about impending news whereas investors get happy and sink more money they can’t afford to lose. In the end, no news.
The stock sinks, people get pissed and sell, the stock sinks even more. And here we are today well under the .002-.003 mark we were hovering within during the late summer and early fall prior to the disappointing frac news. This is what I am referring to; these are the events that lead me to say, and I still believe, no news is coming. I just want to know upon what facts you base your claim. You clarified that you made the statement based on gut feeling. So, that was easy. Next argument please.
You have a valid point that we have a basis for news. You are following a logical train of thought. That is why investors read boards. You make a statement supported by fact; based on your information news should be on the way. My point being centered on claims posted on this board without any supporting facts or basis for making such claims. As easy as the claim can be made for impending news without any reasonable justification, I can make the same claim using the same justification. That is my point exactly.
That's all fine and dandy, but, as I have previously asked; what is the basis of your claim that news is coming? Who told you, and what relation do they have to WNWG? It's really that simple. If you don't know, then post your comments as "In My Opinion (IMO). I believe all of our fellow investors would like for you to share the knowledge.
Let me get this straight; your posts states that news is coming and you have no source quoted to support your claim.
I'm saying there is no news, it's obvious there has been no meaningful news (Other than what I have in my own archive and posted below) because there is no website and nothing can be found online or in print to substantiate this impending press release of which you speak.
Now then if you are able to lead us, the investing public, to your source of substantiating information then you are posting a true statement; at which time I will offer you my sincere apologies. Fact is, there is no news for this company; it is and has been a get-in-and-get-out zombie stock for over three years now, and will probably end up flat lining around .0005 or so by the end of the year (Actually, I hope I’m very wrong since I still have some cash tied up in this stock and I hold quietly to the notion that possibly we may see a reverse merger or takeover. But, that I know is weighing on the overly-optimistic side).
Look back through the postings on this board and you will see the life cycle of this stock. I can not count the number of postings that mislead investors to stay invested in this stock based upon false reports of impending news stories that never arrive. Once again, another prediction of upcoming news is posted by none other than... you. So you tell me, and the rest of the investors here, where you heard this breaking story, you provide your source because I'm not making any claims that require substantiation. I am merely stating facts that one could easily uncover by scrolling through the older posts on this board.
That aside, by stating essentially you wish for me to validate my claims of no news with a written source, you are making my point all the more clearly. There is no recent website, no news article, absolutely nothing at this point in time that could be deamed as benficial to us, the investors. The most recent SEC filing stated,
"Based on the facts presented, the Division will not object if Wentworth Energy stops filing periodic and current reports under the Securities Exchange Act of 1934, including its annual report on Form 10-K for the year ended December 31, 2010. In reaching this position, we note that Wentworth Energy has filed post-effective amendments removing from registration unsold securities under all effective registration statements on Forms S-8, and those post-effective amendments are effective. We assume that, consistent with the representations made in your letter, Wentworth Energy will file a certification on Form 15 making appropriate claims under Exchange Act Rules 12g-4 and 12h-3 on or before the due date of its Form 10-K for the year ended December 31, 2010." Go to; http://www.sec.gov/divisions/corpfin/cf-noaction/2011/wentworthenergy03152011-12h3.htm
But if you want sources, here are some sources;
http://www.alternet.org/environment/100806/how_t._boone_pickens'_energy_plan_just_got_killed/
http://greengopost.com/wind-gets-knocked-out-of-the-pickens-plan/
http://www.oilandgaslawyerblog.com/2010/10/more-on-the-fracing-controvers.html
http://www.wentworthenergy.com/
? Phone: (903) 723-0395
? 800 N. Church Street
? Suite #C
? Palestine, TX , 75801
No, news is not coming. People have been periodically posting this nonsense for years now. There isn't any news on the way; Obama has killed the Pickens’s Plan, environmentalists have virtually stalled frac testing and Wentworth fired it's two or three employees and the Palestine office has been closed for months now.
Buy this stock when it settles back to .0008 or .0006, not now, and don't hold on to it.
A lot of well intentioned posters routinely jump the gun here, dragging scores of newbie’s to painful losses.
Do your research on the market prior to making false claims. This is a zombie stock; buy then sell as soon as it jumps, then wait for the low and put in money that you can afford to lose.
Trading was officially suspended in 2007, go to;
http://www.otcmarkets.com/stock/DVFI/news?id=10213&b=y
...and the assets. I've been saying along; it's a matter of time.
The web-site is a hoax. From the so called web page; "The company also specializes in wind, hydro, solar and more. There are over six thousand satisfied customers at Wentworth Energy which is just going from strength to strength as more techniques are developed..." Not sure where a potential customer can find a point of contact with Wentworth to become a "satisfied" customer.
Further, "When you sign up for a service with Wentworth Energy, you will be privy to a whole slew of benefits." Okay, I want to sign up, where do I go from here.
It's a hoax my friend, someone is trying albeit rather anemically to pump this stock.
Wait patiently and the real web page should replace this fallacy.
So which one is it Gold... stick a fork in it or "weeza goin to da moon?"
Thanks. I'm comparing Wentworth's actions and current value with other sub-penny stocks; it's always interesting to see a stock move from the .008 range to over $1.00 and I still believe given this company's assets we should see some upward movement, hopefully sooner than later. JMHO
No results for either FCNK or RGNO. Any other suggestions?
You're probably living on one of Fannie's assets. As for, "...mortgage backed securities are nothing more than a smoke screen to hide true status of properties associated with mortgages", sub-prime lending was the prime culprit in the expansion and ultimate explosion of the housing market.
As I mentioned, I'm personally not a fan of FNMA, but all of the Fannie slapping has made me rather sympathetic towards the now unpopular bleeding giant.
I do, however, see your point. My point being; how do we take down such a giant as Fannie without further jeopardizing our already fragile economy.
I don't see the benefit of trashing our Fannie in hopes of saving our ass--sets.
Not being a FNMA in particular...but with the housing market being established almost entirely on Fannie, the "plug-pulling" of Fannie is about as believable as flying monkies. Sure, Fannie is at the focal point of the breaking bubble. But let's not forget that this situation came about with the advent of a leftist mindset that everyone should own their own home; it's only fair... etc. Mortgage bundling has lead to mortgage bungling, housing for all has lead to our demise. Fannie is left holding the bag. So Fannie gets bashed on message boards and in the national media, with very little mention of their true future in the market place.
Last word from the lips of our government officials "in-the-know", FNMA will be phased out over a period of years.
As for their worth, they are no where near belly-up. See below:
" As a result of this process, Freddie and Fannie have become gigantic. In terms of asset size, the four largest financial institutuions in America are: 1) Citigroup, $1.1 trillion in assets; 2) Fannie Mae, $822 billion in assets; 3) JP Morgan Chase, $720 billion in assets; and 4) Freddie Mac, $708 billion in assets. Thus Fannie and Freddie are two of the top 4 financial institutions in America.
As indicated in yesterday's briefing, Freddie and Fannie can carry out this operation by issuing three types of highly risky obligations: 1. corporate bonds that Freddie and Fannie issue; 2. Mortgage Backed Securities (MBS), in which Freddie and Fannie pool a group of mortgages together, put a guaranty on it (for which they earn a fee), and then they package these MBS to insurance companies, pension funds, international investors; etc; and 3. outright derivatives, which Fannie and Freddie have.
Derivatives Holdings of Fannie and Freddie
($ billions)
Fannie Mae Freddie Mac
1997 161 96
1998 188 313
1999 275 424
2000 320 474
2001 533 1,052
2002 657 NA
The table shows the domain where the highly leveraged housing bubble and the highly leveraged bubble of derivatives intersect. http://www.larouchepub.com/pr/2003/030610freddie_mac.html
... "revenue could offset losses on mortgages made during the housing boom." No where in the last public statement have the words "losses" or "losing money" described FNMA.
Not to rain on the parade of panic, but the key words in the article are, "gradually" and "responsible." No indicators of any "fire-sale" going on. See below;
WASHINGTON -(Dow Jones)- The Treasury Department plans to start a gradual increase in fees, capital standards and down payment requirements as it looks to wind down mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC), a senior official said Monday.
"There is broad agreement that the first thing we have to do to reduce the government's footprint is wind down Fannie Mae and Freddie Mac," Jeffrey Goldstein, the Treasury Department's under secretary for domestic finance, said in prepared remarks to credit unions. "We will do so gradually and on a responsible timeline."
Goldstein said the administration would work with the Federal Housing Finance Agency to "immediately" start the process.
-By Jeffrey Sparshott, Dow Jones Newswires; 202-862-9291; jeffrey.sparshott@ dowjones.com
(END) Dow Jones Newswires
02-28-110948ET
Copyright (c) 2011 Dow Jones & Company, Inc.
Still holding, and hoping more ill-tempered short term "investors" dump more shares. It may be that Wentworth is a scam... or maybe not. This is like playing in Vegas; play the tables, the slots and you most likely will walk away with empty pockets, or you could very well hit the jack pot. I know, I know, I've read all of the negative posts; I read the same crap about GGP, shortly before it shot up to the $10-$14 level. Paid off the remaining balance of my house.
Face it folks, this is the playground for people who have nothing better to do with their cash; plain and simple. Unless you have the resources to personally fly, drive, walk (whatever) to each and every company represented on the trading boards to interview each CFO/CEO with your own personal business attorney, this business remains a total crap-shoot.
So I'll keep buying and holding, perhaps selling some along the way, then buying back in. I'm not "pissed" at anyone, this stock or Investors Hub. It's a game people, play or get out (just give me your shares
I'm with you IslandTrader. Waiting patiently and acquiring more in the dips.
To put this into perspective; I purchased 25,000 shares of GGP in March 09, just one month prior to their declaring bankruptcy. I was called an idiot, moron etc., but went on to pay off my mortgage from my earnings. GGP was said to be dead in the water, it was considered a POS at .36 per share. Sold in the 12-14 range.
I see now Gold, I owe you a beer. I always trust but verify and in this case, after further review, I see the verification and understand the context.
A little slow in my old age.
It took me by surprise (ref #8161 and some others) especially after performing my own exhaustive research on this company with very impressive results. If WNWG is a POS, I'm Don Trump.
Gold56,
So according to post #8161, you really haven't owned this stock for months but you "just like attracting newbies and watch them buy and then watch YA Global NSS and dilute the piss out of the stock!!" Please explain your stance on this stock. Your posts are a little contradictory.
Thanks for the response. I saw 10 cents and had a mild heart attack; thought "THIS IS IT !" No worries though, I know with all of the potential of this company those of us with patience will reap great rewards.
I have been following this page for quite a while, just decided to pipe up now with a question. I see the comment regarding Ameritrade's ask for WNWG being .10 but I see it is still reported in the .003 range. Any input as to where the .10 ask is coming from? Any input is appreciated. Thanks and GLTA.