Replies to post #6537 on Wentworth Energy, Inc. (WNWG)

[gold56]

there are numerous people that own 11m or more.
If you are talking about a senior note they will just default on that too. What good is it going to do to convert t 50 billion shares and have them worth less than toilet paper?
The only way YA can get it's money is to take control of the company and sell it which would benefit the shareholders

[IslandTrader]

Stock Joker, I own 15 Million shares I'm just a regular investor so I don't have to report anything and can buy and sell whenever I want to. Only investment companies and people working for the company or on the board have to report that sort of information. One thing is clear to me about this company is that they are trying to keep everything at breakeven right now for whatever reason. I think they are pumping exactly what they need out of their wells right now to pay the bills. Natural Gas prices suck right now so I think David is going to collect his 150k salary and wait for prices to go up and just pull enough Natural Gas out of the ground to pay the bills. Once the 300 Million authorized issued via the conversion from notes to common stock someone may purchase Wentworth or their plan will be set into motion. I'm hanging in their for the long haul. This is a great opportunity. The good thing here is that we aren't talking about mouse traps and while we are waiting for something to happen someone builds a better mouse trap. Natural gas is natural gas. The US spends 27 Billion a month to foreign governments for oil per month so natural gas in the US is going to be used sometime soon and the price has to rise. So with that said David is waiting until the real money can be made and simply paying the bills and collecting a 150k a year until that day comes. IMO