Worthington Energy, Inc. (fka WGASQ)

[molecularcd]

I hear that. Added a few more at 007 myself.

Wish I understood financing deals better.

To my understanding LaJolla is no longer obligated to purchase shares at 125% VWAP if the pps is under .02 5 days prior to oct 27.

It's a ways off, and who knows what other scenarios and positioning are taking place.

Guess I'm saying there's a heck of a lot of motivations to keep the price depressed while it's possible.

Hopefully we can clear up some of this mess with replacement financing soon.

Pursuant to the Equity Investment Agreement, La Jolla has the right from time to time during the term of the agreement to purchase up to $2,000,000 of the Company’s Common Stock in accordance with the terms of the agreement.  Beginning October 27, 2012 and for each month thereafter, La Jolla shall purchase from the Company at least $100,000 of common stock, at a price per share equal to 125% of the VWAP on the Closing Date, provided, however, that La Jolla shall not be required to purchase common stock if (i) the VWAP for the five consecutive trading days prior to the payment date is equal to or less than $0.02 per share or (ii) an event of default has occurred under the SPA, the Convertible Debenture or the Equity Investment Agreement. Pursuant to the Equity Investment Agreement, La Jolla has the right to purchase, at any time and in any amount, at La Jolla’s option, common stock from the Company at a price per share equal to 125% of the VWAP on the Closing Date.