Replies to post #70618 on Worthington Energy, Inc. (fka WGASQ)

[Greedy G]

And here's another suggestion for management cancel R/S, so traders regain some confidence.

[mdimport]

As I've explained before: Generating $5M revenue, but it costing $6M dollars to generating those revenues guarantees a lot of dilution. No surprise the share price collapsed.

I really could care less about the assets being worth anything. The mere fact they produced something is reason enough for this not to trading in the trips, bottom trips at that. That's very suspicious.

Of course, if someone was wealthy enough or stupid enough, they could have purchased the roughly 2.2B diluted shares for $0.01 and higher. That wouldn't have made the underlying assets worth any more valuable or economically viable.