Worthington Energy, Inc. (fka WGASQ)

[Atlanta1]

floyd - they couldn't convert before the r/s because there wasn't enough room in the share structure. that was precisely the reason they did the r/s.

the structural effect of converting is the same.

the only problem is the disastrous price decline prior to converting.

if none of the delays in getting the I-1 well on-line had occurred, starting with the boat accident last summer, we'd most likely be looking at a much different share picture now.