Replies to post #70627 on Worthington Energy, Inc. (fka WGASQ)

[mdimport]

The way for WGAS to proceed is R/S the stock to get the share price way up, the O/S and A/S way down; and then to R/M or acquire an oil & gas company that's currently producing revenues and profits and wants to go public.

There's going to be share price volatility in any event, but at least this is much lower risk to shareholders. The R/S's are all the result of failed moonshots. Time to try something more conventional that works IMO.

With respect to the intangible assets: They're not a drain on WGAS -- the cost of acquisition is known -- $75k + 35M WGAS shares. As to whether or not they're economically viable in the real world (as opposed to on paper), time will tell. If there's a market, maybe some other companies will be prepared to pay for rights to use the technologies (and any remaining NRE).

[Greedy G]

Look that whole '$6M to produce $5M, no wonder bid collapsed,' is nonsense. So that means Volk was selling shares to fund Barr lease project in bottom trips. Does that make sense? For something that he'd be a milly in the red for anyway.