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Is Worthington Energy working with AArete now?
Awesome news...
Yes...
$20,000 as of today.
I forgot the last trade at .329 I made.
As of today, $19,500.
Maybe in past lives...
I have a feeling this is my last and I'll be free.
Thanks for asking.
Hey guys, nice to see you here!!!
2 shares @ 0.000001 today.
How is this even possible?
Now what could be next?
Is Mr. Volk gambling in Las Vegas?
Who keeps buying WGAS?
Mr. Volk has a responsibility to update shareholders, good, bad or the ugly.
I hope I get my $400 investment back from Mr. Volk...
Update needed.
Have you guys heard anything about the share split? Or anything else...
Thanks
Shareholders really need an update as to what is happening with the company bad or good.
Should I buy more shares?
MOBIO TECH now working with MICROSOFT.
Great to see!
Will the proposed 25-for-1 reverse share split go through in your opinion?
Maybe WGAS should start sniffing around the Illinois Basin/Vail oil project. Just a thought...
Hi,
I hope everything works out for us and the company turns around.
We need to be updated, good or bad.
Thanks
Hello,
As a share holder, I'd really appreciate an update from management this week.
Thanks
What would happen to the share price/company if the R/S doesn't go through now?
Thanks
Aren't we due for an update soon?
06/11/2014
"Once production has commenced, oil sales should allow the Company to avoid entering into new convertible debentures. In fact, based on anticipated production, we expect to be able to buy back existing convertible debentures and eventually initiate a common stock buyback program," concluded Mr. Volk.
Odd trading today.
Do you think we can do .0003 tomorrow?
GL
If the R/S does go through, it would be better to release production news after it happens.
I think production news will be released after the supposed reverse share split.
Good luck...
No-Bid and the Ask is .0002.
Is this correct?
Thanks
2014-06-11
"With the removal of the UCCs associated with the VM179 debt, the company can now enter into project financing loans on the recently acquired Kansas properties in order to initiate and subsequently increase production."
"Once production has commenced, oil sales should allow the Company to avoid entering into new convertible debentures. In fact, based on anticipated production, we expect to be able to buy back existing convertible debentures and eventually initiate a common stock buyback program," concluded Mr. Volk.
Do any of you guys know the Field Engineer?
Maybe we can get an update from him...
I think the market cap is going to improve after the share compression.
There’s a form of the securities fraud known as naked short selling that is becoming very popular and lucrative to the Market Makers that practice it. It is known as “Cellar boxing” and it has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the cellar”. This $.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
“Cellar boxing” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”. Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day. Where did the unscrupulous MMs go to make up for all of this lost income? They headed "south" to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.
The unique aspect of needing an arbitrary “cellar” level is that the lowest possible incremental gain above this cellar level represents a 100% spread available to MMs making a market in these securities. When compared to the typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty tempting territory. In fact, when the market is no bid to $.0001 offer there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. In fact if the MM is large enough and has enough visibility of buy and sell orders as well as order flow, he can simultaneously be acting as the conduit for the sale of nonexistent shares through Canadian co-conspiring broker/dealers and their associates with his right hand at the same time that his left hand is naked short selling into every buy order that appears through its own proprietary accounts. The key here is to be a dominant enough of a MM to have visibility of these buy orders. This is referred to as "broker/dealer internalization" or naked short selling via "desking" which refers to the market makers trading desk. While the right hand is busy flooding the victim company's market with "counterfeit" shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price.
In fact, until the "beefed up" version of Rule 3370 (Affirmative determination in writing of "borrowability" by settlement date) becomes effective, U.S. MMs have been "legally" processing naked short sale orders out of Canada and other offshore locations even though they and the clearing firms involved knew by history that these shares were in no way going to be delivered. The question that then begs to be asked is how "the system" can allow these obviously bogus sell orders to clear and settle. To find the answer to this one need look no further than to Addendum "C" to the Rules and Regulations of the NSCC subdivision of the DTCC. This gaping loophole allows the DTCC, which is basically the 11,000 b/ds and banks that we refer to as "Wall Street”, to borrow shares from those investors naive enough to hold these shares in "street name" at their brokerage firm. This amounts to about 95% of us. Theoretically, this “borrow” was designed to allow trades to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery. This "borrow" is done unbeknownst to the investor that purchased the shares in question and amounts to probably the largest "conflict of interest" known to mankind. The question becomes would these investors knowingly loan, without compensation, their shares to those whose intent is to bankrupt their investment if they knew that the loan process was the key mechanism needed for the naked short sellers to effect their goal? Another question that arises is should the investor's b/d who just earned a commission and therefore owes its client a fiduciary duty of care, be acting as the intermediary in this loan process keeping in mind that this b/d is being paid the cash value of the shares being loaned as a means of collateralizing the loan, all unbeknownst to his client the purchaser.
"We have an aggressive growth strategy planned and we believe that any investors that are here with us now will benefit from Worthington's development plans and increasing valuations in the market," stated Worthington Energy President and COO, Mr. Charlie Adams.
5-15-2014
Are they drilling for natural gas also?
Isn't there supposed to be vast NG reserves too?
Thanks
JRT,
What did you find in Texas?
Thanks
The volume has been much lower recently.
Are they done converting?
Thanks
Any of you guys going to buy post R/S?
Good Luck!
Who was buying all those .0002's on June 11?
Thanks
How's the Level II looking?
Thank you.
QImperator,
You crack me up. I like the cat picture also.
If the company's plan works, it will be amazing...
Good luck everyone!
Why "Reverse split", if you're going to try a debenture and share buyback with production?
Maybe all options were on the table.
Looks like the company might be able to turn around.
Solid plan...
G,
Please Inbox me your email if you would.
Thanks
???
"Worthington acquired a fully operational, working oil field including equipment, facilities and infrastructure, plus the proven intellectual property which will allow us to extract the heavy oil that was previously considered economically enviable to produce."
I'm getting quotes of bid .0085 sometimes.
Lots of monkey business...