Worthington Energy, Inc. (fka WGASQ)

[cjstocksup]

I just pointed out the exact same thing. If they do get the majority shareholders to votes for the AS increase and RS they would need the AS at 1 billion because after the RS it would only be 100 million and that is super low for any penny stock. Also asumming with a share price much higher they would be getting financing through prefered shares or new convertavbles. Mason would be keeping his word that any new financing would not be dilutive for us shareholders. WGAS

The proposed increase in A/S is a necessary condition for the 10:1 R/S. without it the A/S would be 50mil with O/S less than 28mil, seriously reducing trading liquidity of the issue. Doubling A/S prior to R/S yields an A/S of 100mil post R/S which is quite reasonable actually. This also provides the necessary headroom for increases in O/S and float that will be anticipated, whether for liquidity, debt conversion or conditional terms if future financing. The key to the puzzle will be strategizing the optimal time for purchase of shares on the part of retail investors since there will be an advantage to figuring out that timing.