Replies to post #889 on Gasco Energy, Inc.(fka GSXN)

[~BC~]

Thanks for the info LV. But .01 per share? How do you come up with this for current holders?

"Really sucks for the penny holders but it's also surprizing they'l get 1 penny too. It would seem that Orogen is buying the public out for $500k"

Long-vestor Friday, 06/20/14 03:11:47 PM
Re: StockingUp333 post# 882
Post # of 889
Orogen Energy, Inc. is taking it over. they issued 7,692,288,318 to them, for .0006 after increasing the authorized to 9 billion on 12/6/2013 and 2 days ago decreased the authorized at Nevada to 5 million effective June 30. There's a debt and warrant issue of some 4 million credit or somtin which Orogen got the shares for.

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=j14ZBiHxx%252fpZ5ywWryON9w%253d%253d&CorpName=GASCO+ENERGY%2c+INC.

http://www.sec.gov/Archives/edgar/data/1086319/000110465914012742/a14-6609_1sc13da.htm

A few insiders excersied their stock options months ago apearently to take advantage of the plan.

Really sucks for the penny holders but it's also surprizing they'l get 1 penny too. It would seem that Orogen is buying the public out for $500k