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Monday, May 11, 2015 12:44:25 PM
http://www.otcmarkets.com/financialReportViewer?symbol=WOGI&id=137683, they are worth so much more!
On October 13, 2014 the Company issued 15,000,000 shares of its common stock to Baron Capital in exchange
for a reduction of $15,000 of its principal and an agreement to freeze the interest from accruing for 6 months from
November 6, 2014. For the non math people, that means WOGI needs to hit
$.001 to get its $15,000. (Currently $.0059)
Looks to me that Matt made a sound business decision in accepting 15,000,000 shares in lieu of $15,000 in payments. They are worth $112,500 right now (15,000,000 x $.0075).
Great work by Baron, if they are holding their shares.
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