Worthington Energy, Inc. (fka WGASQ)

[xZx]

imo you're misunderstanding the role convertible debt holders have in where the pps happens to be.

they get to convert more shares the lower the pps, and yet they are treating our chart with some respect.

why? because imo they know that will serve them best, in the long run.

where the chart happens to be has nothing to do with the actions of retail traders imo, whether they be flippers or longs. combined, they simply don't have enough shares, relative to the debt holders, to have any say in the price action at all.

The SP however reflects how investors truly feel, as it always does.

we get these loans and we have our run, simple as that imo. you wondered a few posts back why the financing isn't done now, as in "already", and that's pretty easy to figure.

project-based financing isn't just given to a company to spend as they wish. the business model is studied, bids for contracted services come into play. the lenders need to know exactly how they will do before they commit that type of cash. the process can take a while, but in our case, the time devoted to it thus far only lends more legitimacy to the deals being ironed out.