If this is true, I don't believe its any loss that Mr. Adam's has departed WGAS. Those were useless assets and it was easy to understand that his "inclusion" in WGAS was temporary, as was Tony Mason's.
This is how I'd effect a turnaround:
WGAS needs to get away from the dilution game.
If I were WGAS management, I'd find an oil & gas operating company that's currently producing revenues and profits and R/M with them. That'll allow WGAS to increase shareholder value over time and the chart won't look like an infinite dead cat plunge.
From a shareholder perspective: Ask management to institute a 100:1 R/S after the 25:1 R/S is effected, coupled with a large A/S reduction and finding a real oil & gas operating company. Get the share price way up and the A/S way down. Being wiped 98% or 99.5% isn't going to be a game changer.
The paradox of iHub: buy high, sell low
