WGAS management need to effect a 100% write-off of the debt (100% debt elimination not a partial reduction) in exchange for equity, which then undergoes a final R/S.
If they do it now, WGAS has the opportunity to pick up some nice working assets with minimal further dilution.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.