Replies to post #51833 on Worthington Energy, Inc. (fka WGASQ)

[mdimport]

Some immediate things:
- his debts from the other public companies can be rolled into this one which would both free those shells and provide a working story here
- the oil sector is booming and Sutton plays typically are stories on hot sectors

Longer term you'd see the usual O/S explosion in Sutton companies. Volk has been mild by comparison with what Sutton does.

I don't bet but I wonder, what do you think Sutton would do with the shell if he got control?

[AUDACIOUSWON]

I think Volk created the preferred shares to avoid a hostile takeover. Simple as that IMO.

[Atlanta1]

If I'm not mistaken, Toxic Charlie holds all the preferred shares:

WORTHINGTON ENERGY, INC.
COMMON STOCK PURCHASE AGREEMENT

This Common Stock Purchase Agreement (the "Agreement") is made as of April 17, 2013, among Worthington Energy, Inc., a Nevada corporation (the "Company") and Charles Volk (the "Investor").

The Investor understands that the Company proposes to offer and sell to the Investor 1,000,000 shares of its Series A Preferred Stock at a purchase price of $0.05 per share.

1. Purchase and Sale of Common Stock.

a. The Common Stock. Subject to the terms and conditions of this Agreement, the Investor agrees to purchase from the Company 1,000,000 shares of Company Series A Preferred Stock at a purchase price of $0.05 per share for an aggregate purchase price of $50,000.00. The Common Stock is referred to as the “Securities”.