Replies to post #71262 on Worthington Energy, Inc. (fka WGASQ)

[mdimport]

If there's a real wipe out (R/S @ 1,000:1 or higher + conversion of all debt to equity) then its a total reset and the new management and new company proceed forward. If that were the case, hopefully they'd have learned from the incumbent screwballs and not go the dilution route.

The easiest thing in the OTC is to give away that which one hasn't paid for -- ie Common shares. Those Common shares and the investors acquiring them are the most valuable thing a company has.

Yet to see one way or another.