Friday, May 04, 2007 9:13:19 PM
Cat-
The April PR that you linked in your post stated at the beginning: "...today announced the completion of approximately one million dollars in funding since February 2007."
The following link that I posted below shows 3 sales of securities by the company on 02/05/07, 02/23//07 and 04/11/07:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1389703
Charlatan posted earlier that given the pps trading range so far , there could be 600 million to 700 million shares outstanding "when it is all done"- if and when the cash investors sell their shares in the market in the area of .01 pps.http://www.investorshub.com/boards/read_msg.asp?message_id=19391836
But the Pinksheets "company infor tab" on WRNW showed 330 million shares already outstanding as of 03/15/07.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=WRNW
Some of that 330 million shares "probably" reflected the Feb. 5th and 23rd sales of shares by the company to investors who paid cash for treasury share rights. But was the April 11/07 sale to raise $710,000 or was that just the running total of the three tranches? I have not seen but a couple pages of the REGDEX posted so far. But the answer could be very important.
I will not make any conclusions here, and the CEO may explain it all in the next week or so with a public "letter from the CEO to shareholders" as was e-mailed to one poster below. And as Charlatan has posted for days, even assuming the A/S and the O/S to be the same for calculation purposes, the stock is worth .02 to .03 just on the one lease with 119 wells. I hope that I am not misquoting him:
http://www.investorshub.com/boards/read_msg.asp?message_id=19257306
The April PR that you linked in your post stated at the beginning: "...today announced the completion of approximately one million dollars in funding since February 2007."
The following link that I posted below shows 3 sales of securities by the company on 02/05/07, 02/23//07 and 04/11/07:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1389703
Charlatan posted earlier that given the pps trading range so far , there could be 600 million to 700 million shares outstanding "when it is all done"- if and when the cash investors sell their shares in the market in the area of .01 pps.http://www.investorshub.com/boards/read_msg.asp?message_id=19391836
But the Pinksheets "company infor tab" on WRNW showed 330 million shares already outstanding as of 03/15/07.
http://www.pinksheets.com/quote/company_profile.jsp?symbol=WRNW
Some of that 330 million shares "probably" reflected the Feb. 5th and 23rd sales of shares by the company to investors who paid cash for treasury share rights. But was the April 11/07 sale to raise $710,000 or was that just the running total of the three tranches? I have not seen but a couple pages of the REGDEX posted so far. But the answer could be very important.
I will not make any conclusions here, and the CEO may explain it all in the next week or so with a public "letter from the CEO to shareholders" as was e-mailed to one poster below. And as Charlatan has posted for days, even assuming the A/S and the O/S to be the same for calculation purposes, the stock is worth .02 to .03 just on the one lease with 119 wells. I hope that I am not misquoting him:
http://www.investorshub.com/boards/read_msg.asp?message_id=19257306

