Replies to post #32299 on Diversified Oil and Gas Holdings (DVFI)

[miner49r]

Satori..."Terms of the sale were not released."

"The transaction involves receiving shares of DVFI common stock and future cash payments from DVFI."

Both quotes are excerpted from the WRNW press release.

GLTY

[eatmenasdaq]

I dont agree, we dont know how many shares where issued.

[spiras]

You could be right Satori-now. I assume the former insiders had around 150M shares, and WRNW will be getting up to 425M (the current authorized but unissued). Even if they get only 200M they will have effective control. However, that does not mean they will be able to raise the A/S and dilute to their heart's content, because for certain decisions you need a special majority of 75% of the vote, and raising the A/S is one of them. So as long as the old insiders remain in the picture, we have no cause for concern IMO.

[Satori-now]

So I repeat :

1. WRNW is now or in the near future the majority shareholder in DVFI, since DVFI is paying in shares for the leases entioned in Thursdays PR. 1.9 million divided by $0.004 equals 480,000,000 shares to be payed.
2. there are thus no more shares left to close any LOI

Any insights remain welcome.

Peace.