Wentworth Energy, Inc. (WNWG)

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sentraman, WNWG has a huge outstanding debt with YA, who have been converting notes in to shares. Now I just googled info on retired shares and found this explanation:

A situation in which a firm buys back its own stock. A publicly-traded company may retire its stock in order to reduce the number of shares available, with the hope of driving up the price. Alternatively, it may retire securities in order to prevent one or more shareholders from acquiring too large a stake in the company. See also: Self-tender offer.

Self-tender offer is what cot my eye...