Wow, 31 million shares traded today for a whopping total of under 16k, and 10 days of this will buy the company. I guess that's a decent price for an empty shell. And I see it's downgraded to a real stinky pink as well.
This story is about played out. Volk sold shares for awhile and then he brought in his good friend Mason with his, ahem, big time well asset. Then they reverse split the stock, sold some discounted shares to the toxic guys, pocketed the money, and enriched "others" (Attorneys, etc) who helped tout the stock. After Tony collected some money and the shareholders paid for the drilling, Tony took some more money, and his well and left. Meanwhile back at WGAS, Volk became the hero for some reason, put out some questionable info and sold some more stock to the toxic guys so the staff and "others" (again Attorneys, etc.) could keep getting their huge paychecks. Then they went to court. That story line didn't work out so well and now the stock sits at trip 5.
So, time to set up some new companies and get what you can for an empty shell. I wonder whose shares came off restriction lately. Whoever it is, that is our seller. And, of course they are taking turns with the toxic guys. A very synergistic relationship between management and the toxic guys who give them cash. It's nice to see how they patiently take turns selling. All IMO of course.
I sure hope all the loyal longs are long gone here. After all, trash is for trading, not investing. But, I bet the WGAS shell will rise from the ashes as something else, reverse split, get a new story and sell more shares. No matter what, it will continue to be a share selling company with a story and highly compensated management. This is the way of the OTC.
