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If Montecito had such a great case and WGAS believed that to be true why fight it out. Wouldn't Volk and lawyers say damn we are shit outta luck here lets cave in and give up and get our money and shares back. Why waste so much time and money on this if we didn't stand a chance of getting a judgment in our favour or any chance of a settlement. It just doesn't make any sense at all to continue if we were gonna lose.
First step to getting the oil is having the money behind you and a settlement in hand. IMO we will then see the money in our hands.
Buy if you believe a settlement will happen. Short if you don't think it will happen. I will chose that a settlement will come in due time. If I was short definitely would be covering soon. JMHO
What do you mean not admissible. I think money speaks for itself.
My money's on a settlement
Not sure what you mean?
"Volk is just too relaxed doing things and
why even issue p.r on feb 7 if he can't
even follow through"
IMO Volk is following thru by moving forward with securing financing getting rid of Mason and BOD. Bringing in Pinkman and working on resolution with Montecito and updating his shareholders. Good things to come in due time.
Didn't say I wanted news immediately next week. I said there is still time to accumulate shares so next week look good in my book
I'm now thinking next week looks pretty good. Still time to accumulate at a good level. If things line up in our favor away we go. If not so be it as they say no guts no glory.
Not too worry I hold quite a few stocks. I like this one because of its potential. Oil penny play at these pps levels, whats not to like. A possible settlement and this goes Kaabooom. My goal is a few million shares so I will continue to load the dips and accumulate until I reach my goal.
I'm not worried here at all. I'm holding my shares long and strong and looking forward to hearing the news when it comes.
Not so sure about that. If an agreement is done within the next two weeks this could be what we've all been waiting for.
If you connect all the dots it would seem logical for both parties to wanna settle this disagreement and get on with the business of drilling for oil and extracting money out of the ground. Lawyers and legal fees are very expensive.
Both parties have to set a date to attend the status conference. Could be next week or later. As of right now no date has been reached. I will call again next week and update any information that becomes available from the courthouse
Okay so I called back in to records office and was given Division "G" number. I spoke with Joe Laurant and was told that no further information is available until both parties attend this conference. Usually this will take a week or two for both parties to set a date in front of the Judge. If an agreement is reached at that time then its a done deal and it could be signed off on. If no agreement then this meeting will be a pre trial conference and a date will be set for trial.
Just called the records office and was told by John that the records are still in Division "G" the judges chamber. I was told to call back in the next half hour and Priscilla might be able to retrieve them right after her lunch break. I will ask to get a copy of all records filed pertaining to this case 2011-12640. Hopefully we can get a collection going in order to help pay for the costs.
I will be calling the records department tomorrow for an update and just in case here's the numbers for anyone else that would like to call. 504-407-0142 or 504-407-0038
Yep two years long enough. The way filings and restricted stock are going we shouldn't be waiting much longer, could very well be by the end of the week.
Montecito must be the fool also with the legal expenses that they have to pay for right now. IMO, If Montecito pushes for trial and loses WGAS could sue for legal expenses. If I was Volk I would offer seats on the board to Montecito as a goodwill jester and welcome them with open arms. Both companies have to get on with business and with mounting legal bills it might be motivation enough to get an agreement and start working together instead of against one another. There was a motion for a status conference and we are soon to learn the outcome. Stay Tuned
Sooner or later there will be a PR about this case. We will see how long that will take but the good news is at least they are talking. Does it mean they closed a deal or if it goes to trial guess we are gonna find out? There's lots to gain here IMO. Why wouldn't Montecitto want a deal its all about oil and money isn't it? Everyone would want a piece wouldn't they? Oil is money and isn't that the idea? Volk would redeem himself and now his new start ups would have a chance. Why would Volk ruin his reputation and career by running WGAS into the ground and expect his new startups to do well? I'm liking our chances right now if a deal is worked out who knows how high the pps will go but I'm willing to find out. The flip side is maybe Volk messes up and doesn't get a deal and I'd say that sucks. Sooner or later this is has to be settled so get your popcorn and lets see what happens. This stock is not for a faint heart.
Peace
Did not speak with front desk receptionist as she knows nothing. Call the records office. They know more as they file the paper work not the front desk receptionist
I spoke with the records office Priscilla. Call her yourself I did not speak the the receptionist.
Can't really say for sure that a settlement is happening but as the clerk said its in a status conference and the Judge has the entire case records in his chamber. I will call in and see if there is anymore to report. These restricted share that have been issued mean something IMO.
Not sure but at least they are working on it. Will call for more info later today or tomorrow.
Yes all the records are with the Judge and should be released later today or tomorrow according to the records office. There was a status conference filed on Feb 20 2013.
Montecitto vs WGAS vm179
IMO they are working towards a resolution or it could be settled already. I was told to call back at the end of the day or tomorrow as Priscilla said the records should be available by then.
Here is some more interesting news. Just got off the phone with the county courts records clerk Percsilla case 2011-12640. Phone number 504-407-0142. I was told that all records pertaining to this case montecitto vs Paxton is in division in the judges chamber. There was a motion for a status conference on Feb 20 2013
Last call
Great time to load up today. Long weekend means suckers gonna sell low. Most stocks are down today cause suckers are scared and sell off. Buy Friday sell Tuesday easy money
Anyone have the lastest o/s share count
IMO probable news tomorrow or friday
This is only speculation but maybe Montecitto offered to settle with Volk only if Mason and board was let go plus the restricted shares and a seat on the board. Seems alot has been happening since the rebuttal memorandum was faxed to the clerks office on Jan 31. Any thoughts?
Please bear in mind that the rebuttal document that was filed at the records office can't be publicly obtained until Montecitto pays $30.00 fee as per clerk. I tried to get a copy but they said until this fee is paid the document won't be released.
Partial summary judgement
A procedural device used during civil litigation to promptly and expeditiously dispose of a case without a trial. It is used when there is no dispute as to the material facts of the case and a party is entitled to judgment as a Matter of Law.
I phoned the http://www.orleanscdc.com/ district court office. I was told that on Jan 31 2013 a rebuttal memorandum was filed by montecito. There was a partial summary judgement according to the clerk. The county clerk Jan said there is no court date.
Great idea. Lol
I also called Worthington and the phone goes to answering machine now. Fax line works
I have nothing to hide. My only agenda is that we all do well. I hate it when people get fleeced. If everyone hear posted factual findings then we will all have a clearer picture.
Anyone that would like to call here is the case number 2011-12640. The phone number for the records department is 504-407-0142 or 504-407-0038.
There is no next court date. I called the court clerks office and record department today.
Last call