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Replies to post #27722 on Worthington Energy, Inc. (fka WGASQ)

Replies to #27722 on Worthington Energy, Inc. (fka WGASQ)
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AUDACIOUSWON

01/10/13 1:02 PM

#27724 RE: xZx #27722

Yet we are down almost 20% today and have fallen far the past year. I don't see any reason to buy at this point. They have already given away a majority of the company to pay off debt and we still haven't seen positive news since I-1, which isn't going to pay off our debt anytime soon.
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AUDACIOUSWON

01/10/13 4:59 PM

#27769 RE: xZx #27722

WGAS has been mismanaged in my opinion. I'd be happy to see it go back up, however I am not planning to pickup more shares. I don't see any reason to at this point. If the dilution stops, that's a different story, but right now they are just letting debt holders dump shares at our expense. It has been one delay after another and Mason's word isn't very promising for me at this point.