Replies to post #70988 on Worthington Energy, Inc. (fka WGASQ)

[MasterBlastr]

You know as well as I do that 'pay for performance' doesn't work in the pinks. Especially since no formal performance objectives were ever set.

[mdimport]

Corporate veil can be pierced under certain circumstances:

http://en.m.wikipedia.org/wiki/Piercing_the_corporate_veil

Would need to establish if its economically viable to do so in WGAS' case.

Sometimes its simply more practical to claim the tax loss then go through the time and expense of litigation. In this case I don't see what is worth claiming.