Replies to post #7049 on Worthington Energy, Inc. (fka WGASQ)

[xZx]

molecularcd -- thanks for the kudos, and i'm pleased to read such a substantive post. what you said here:

I think the current pps doesn't really reflect VM179's inclusion as an asset. This is also to suggest that a favorable judgement coupled with (or hinging upon) Tony Mason securing the "new financing" will do wonders for our pps prior to production.

is a key takeaway imo. the stock is priced for I-1 and I-1 alone. and yet, it appears a lender was so absolutely convinced we own VM179 that they are pre-approving an $8.5M loan to pay off our debt (refinancing) and develop that asset.

worst case scenario, which i don't think will come into play at all, is we use the cash to develop other assets. properties like this are not hard to find. yes, VM179 is amazing in the context of penny stocks, but not at all out of reach of a company that can pull in the financing revealed in the Q.

i never get tired of reading this:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78734114

$26M from all sources combined.