Replies to post #14864 on Worthington Energy, Inc. (fka WGASQ)

[br0ke-n00b]

at this level it's a good thing. Think bears with little experience are used to 200:1 RS from .0001 from shells that don't report finances or own any assets. WGAS is the complete opposite and your story is very fitting. See that after this and the news starts dropping we will go UP UP UP UP.. Bears just want shares cheap is all :-) when they circle around it means they smell a lot of food (i.e. lobster dinners).

[ysung]

Exactly !

I had two bio stocks did r/s 10 for 1

Stock went up 1000 % after.

It is the substance that will move stock
and especially after r/s because float is
much, much smaller.

Does WGAS have substance ?

[xZx]

the reason capital changes have a bad reputation in pennyland is most companies use them as a way to wipe out shareholders and continue diluting. that's why it's not uncommon to see 1:1000 splits, or even higher ratios.

that's not what's being proposed here. first of all, it's up for a vote. most penny CEOs would just do the split, without asking anyone.

furthermore, i have the feeling this paragraph in the last Q gives us our best indication of why the split is on the table:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79191327

two equity investors are listed here. if i wanted to take a stake in this company, i'd do it on two conditions:

1. that all convertible debt be paid off first.

and

2. that a split bring the share price back to a reasonable level, where the float would be purged of sub-penny flippers.

that seems to be exactly what mason's plan is. jmho.