Tuesday, July 22, 2014 12:48:02 PM
Every time Mr. Volk puts in a company like ADR or Black Cat (economically un-viable projects), its a sure bet for WGAS to go to $0.0001.
Don't have to be smart to understand that
If shareholders and company supporters want to see WGAS succeed over time, they need to change the dynamic: bring in companies that will generate net profits and increase WGAS's book value, and ultimately allow debt to be paid down from net earnings (not diluted down).
If there's simply dilution 4B+ O/S to bring in a real oil company, the per share earnings / assets etc. will never be enough to raise WGAS from the hole its in. Do the math yourself (I provided it in simple format a few weeks ago).
One big R/S with an overhaul in management practice is needed (no more moonshots). The big question is: Does WGAS and its supporters have what it takes to create a real oil company, or do they really just want a pump and dump (R/S to $0.0001 every few months)?
Don't have to be smart to understand that
If shareholders and company supporters want to see WGAS succeed over time, they need to change the dynamic: bring in companies that will generate net profits and increase WGAS's book value, and ultimately allow debt to be paid down from net earnings (not diluted down).
If there's simply dilution 4B+ O/S to bring in a real oil company, the per share earnings / assets etc. will never be enough to raise WGAS from the hole its in. Do the math yourself (I provided it in simple format a few weeks ago).
One big R/S with an overhaul in management practice is needed (no more moonshots). The big question is: Does WGAS and its supporters have what it takes to create a real oil company, or do they really just want a pump and dump (R/S to $0.0001 every few months)?
The paradox of iHub: buy high, sell low
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