Replies to post #50523 on Worthington Energy, Inc. (fka WGASQ)

[Belgianshareholder]

Robert F. Smith will replace Volk imo, as previously agreed.

Virgin's assets are HUGE (like 5X VM).

Ventana is backed by CIT Capital and Whitney National Bank, two of Virgin's biggest creditors... ;-)

Wonder if they along with some folks of Montecito will get a seat on the BOD... :-)

Time will tell, but I would already be happy with only VM and no debt.

IR said Volk was in NOLA this week... ;-)

GO WGAS!

[xZx]

i suggest you look up who whitney bank and CIT capital are.

and a judge will allow these two, let's just kindly call them "under-performers" merge because together they can....... well, all I can think of is together they can scam shareholders out of even more money. I guess I have seen worse things happen in this market and in our courts.

and if you consider acts of god, like a hurricane, some sort of scam, i'd appreciate an explanation.

are you saying robert smith invoked hurricane ike, to destroy the pipelines, and thereby scam whitney bank and CIT capital? or is robert smith so scammy that he decided to create a hurricane to scam himself? thanks in advance.

[xZx]

would you agree it's in toxic debt holders' best interest to follow the court proceedings?

while we all wait, consider how it would benefit one or more of them to bear raid the stock, and push it down so far that their own conversions would be at a fraction of the cost of retail.

then they could just sit back and wait for the case to settle, and by the time most retailers were at break even, they'd have massive profits.

bear raids can and do happen. the SEC considers them illegal, for the reasons i've outlined above. just because debt holders have the ability to crush a stock doesn't mean it's ethical or legal for them to do so.

[xZx]

hey, serious question: is energy XXI trying to help "scammy volk" sell stock by placing their merlin well about 2,000 ft from our little corner of VM-179?

http://ir.energyxxi.com/releasedetail.cfm?ReleaseID=762055

Energy XXI expects to begin drilling Merlin, the largest prospect in the Vermilion inventory, in June. Merlin will target multiple sands and will be drilled to approximately 15,700 feet TVD. Energy XXI is the operator, with a 50 percent working interest and 40.6 percent net revenue interest.

http://beta.fool.com/justmee01/2012/10/08/independent-ep-exxons-new-bff/13745/