Replies to post #71264 on Worthington Energy, Inc. (fka WGASQ)

[mdimport]

That's true. Assuming if a R/S were handled comprehensively (total elimination of debt, new management, new company, old managers voluntarily relinquish any shares, + commitment not to dilute either from the company or fresh debt for say 12-24 months), then non-control shareholders (retail and non-debt holders) wouldn't really have a reason to object.

That gives the incoming company the opportunity to succeed, and no way for shareholders to be dumped on.

Not saying it'd be easy, but trust needs to be bridged from the company and debtholder side to overcome shareholder objections.

Also gives everyone an opportunity to progress with their lives and not have dead money sit in a shell valued around $0.000001.