Replies to post #9268 on Worthington Energy, Inc. (fka WGASQ)

[onemorecomma]

REVENUE solves all our concerns...

Once flow numbers are reported and revenue is booked this short term 'panic' goes away.

So far all the street sees is dillution and the reduction of their share 'count'. In the absence of revenue it does look potentially bad. It's churning and printing their own money...

With revenue we are a company on the move... bye bye penny land, and additional shares on the market to fuel other projects!

I was in a lot of reits before this, they release new shares all the time - and move those dollars into more revenue producing assets!

Sure, we'll be at .50 by the end of the year, but with few shares, likely less volitile and likely with some instutional holders... all good news for us LONGS!

Tony has made it clear he wants to improve shareholder value - this will do that.

I believe him... believed him then, trust him now.

[TheFinalCD]

thats what has many scratching their heads, why announce a plan for a reverse split then say we are going to raise it back up right after the split



makes people think

[xZx]

"could be" are the active words, there. consider that in the last Q, the fully diluted OS requires an A/S increase. this means it may just be an issue of legal compliance, even if the company fully plans (and expects) to pay off all convertible debt with the first $8.5M (pre-approved) tranche of financing.

mason could always decide to lower the AS later when the CDs were paid off.