InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,985.38
(
0.02%
)
US TECH 100
20,486.80
(
-0.14%
)
Dow Jones
43,958.19
(
0.11%
)
Brent Oil
71.70
(
-0.24%
)
Bitcoin
90,268.48
(
-0.33%
)

Replies to post #43136 on Worthington Energy, Inc. (fka WGASQ)

Replies to #43136 on Worthington Energy, Inc. (fka WGASQ)
icon url

bones33333

03/12/13 11:19 AM

#43137 RE: Montana Wildhack #43136

Same page as you dude with WGAS - this has been a wonderful dilution machine for these guys - rubbing salt in shareholders wounds along the way by drawing 250K salaries!!!
icon url

Atlanta1

03/12/13 11:56 AM

#43142 RE: Montana Wildhack #43136

Toxic Charlie has an exit strategy, but the shareholders would be hung out to dry. I doubt he can raise any money through WGAS - too much debt and litigation baggage. He would be better off making a clean break and a new start. How many new corporations has Toxic Charlie formed in the last few months anyway, while he should have been taking care of WGAS business?
icon url

GulfPilot

03/12/13 11:57 AM

#43143 RE: Montana Wildhack #43136

2012 YE financial results isn't why there is a buzz in this stock right now. People are tuned in here because of VM179.
And perhaps the next filing will show how much debt has been removed from the balance sheet?
This stock is all about the forward prospect. Commitment letter. Loan funding. Settlement agreement. Newly issued restrictive stocks. CD pay off. Merger? Who knows when news will hit here.