Westmountain Gold Inc (PK) (WMTN)

WMTN Reverse Split 1 for 500 effective Feb. 13, 2018:

http://otce.finra.org/DLDividendsDistributionsSplit

1:500 Reverse split tomorrow per http://otce.finra.org/DailyList

Thanks, true.. we will know for sure soon.. I read ur post earlier saying about .15 or .07 pps..

But anyway. I will watch this..

Yes, as far as we know the pre-BK share equity survived the Reorganization....BUT, the creditors could only acquire 87% of NEW equity if either the A/S was increased significantly or the pre-BK equity was reverse split to accommodate the NEW equity within the current A/S.
NEW equity never wants to be subordinate to pre-BK equity so something must occur for the NEW equity to have superior rights over the pre-BK equity.

As such we know nothing (yet) so I think it reasonable to urge caution in buying shares

Thanks.. But usually they will cancel all old common but this time it did not.. interesting

I have no idea whether pre-BK shares or new equity is trading. I could not find the PLAN which would help.

New common shares? The one that selling right now is what? Old or new?

Yes, the Q came off effective this morning. The only info I could obtain is in these two articles: (black hilite mine)


First Amended Reorganization Plan Filed by WestMountain Gold, Inc.
Dec 20 17
WestMountain Gold, Inc. filed a first amended and restated joint plan of reorganization in the US Bankruptcy Court on December 20, 2017. Under the plan, the Gordon Investments unsecured claims of $0.63 million will be paid pro rata issuance of new common stock of $0.63 million. Each creditor holding and Allowed Claim in Classes 3 and C shall receive a pro-rata share of the “Class 3 and C Participation Interest.” The Class 3 and C Participation Interest shall be in the amount of $0.8 million and it shall be a participatory interest in the $5 million Allowed Secured Claim. BOCO shall receive 0.20 New Common Shares of stock in WestMountain for each dollar of unsecured Allowed Claim held by BOCO on the Effective Date of the Plan. There is no change in treatment of various other claimant classes.

Reorganization Plan and Disclosure Statement Filed by WestMountain Gold, Inc.
Jun 26 17
WestMountain Gold, Inc. filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on June 26, 2017. As per the plan filed, administrative claims, tax claims of $0.21 million, Professional fees of $0.08 million, US trustee fee claims of $0.01 million shall be paid in full in cash. DIP claims in the amount of $1 million shall be entitled to elect to receive instead of cash payment, New common stock in WestMountain up to a maximum allocation of 87.5% of the new common stock issued on account of the new capital, if a minimum of $3.5 million of new capital is raised. The BOCO secured claims is fixed in the amount of $5 million under the terms of the plan and shall be paid in full in cash along with interest on the 5 year anniversary of the effective date of the plan. The balance of the BOCO claim, approximately $3.7 million will be treated as an unsecured claim. The Unsecured Creditor Claims of $5.79 million will be entitled to select an option under the plan where they can exchange their claims for $0.07 per dollar of the claim, paid once the plan confirmed or $0.12 per dollar of the claim, paid within 5 years or 0.15 share of the new common stock up to a maximum allocation of 11.3% of the new common stock for the electing creditors in the unsecured claim class. Common stock interest holders in WestMountain shall receive 1.9% of the new common stock of reorganized WestMountain. Preferred stock interest in WestMountain shall receive in exchange for their interest on pro rata basis stock equal to 0.8% of the new common stock of reorganized WestMountain. The interest of Terra Gold shall reinstate their ownership with WestMountain. The plan will be funded through cash in hand and issuance of new common stock.

Emerged from Bankruptcy per finra 1/24/18. Symbol changed back to WMTN

WMTN: effective March 8,2017 WMTN will change to WMTNQ, bankruptcy:

http://otce.finra.org/DLSymbolNameChanges

WMTN .09 X .10

A MICRO GOLD Play!!! WMTN .09 ..... Something's going on here!!!



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***$WMTN is up 25%+ since March 26...

$WMTN is super under-valued and is going to explode once their market awareness increases. Don't be surprised to see $WMTN over $1 soon!!!

$WMTN is going to move soon!

I have been researching $WMTN for years and I think now is the time the stock is going to skyrocket up to $1.00+!!! They have acquired more land and have more mines set up -- they are pulling GOLD out of the ground at an exponential rate! Load up on $WMTN now while the price is only about $0.25.

500%+ gains are on the horizon!!!

ANY HOPE HERE THAT IT WILL SHOW SOME SIGN OF LIFE ? CANT GET RID OF THIS HORROR SHOW

Westmountain Index Advisors, Inc. changed to Westmountain Gold, Inc.

http://www.otcbb.com/asp/dailylist_detail.asp?d=03/07/2013&mkt_ctg=OTCBB

So what do you command us to do , oh fearless leader who knows all about . you are the anointed one one . what do we do ? LOL

this stock is so dismal right now , how about some sign of life . will check in a few weeks

there is no market for this company stock

I guess there wasn't enough gold to make a splash here this season , oh well. Maybe next year this time they will strike it ,,,,see y'all next year. Glta

more good news from WMTN , but not discovered yet by Main Street , dont know when that will happen , being a bit more patient

someday , appears to be now !!!! glta

Someday. Hopefully...

back at a bucker!keep it up!

looking good the last few days , hope we struck some high grade ore/ gold

THERE IS NO VOLUME HERE !!!!! WHAT IS WRONG WITH THIS COMPANY ? SHEET !!!

PRETTY GOOD PRELIMINARY REPORT , DOES ANYONE KNOW ABOUT THIS BESIDES MYSELF ? LOL ,

down for the dip , when is this going to come alive ? probably if I sell it will run then,,, I will let you know when I sell ---LOL

Holy smokes what a day for this stock!! Up over 105% and close to 4 times avg. volume! Absolutely one of the best performers of the day! Maybe the beginning of something special, will dip the toes in depending on tomorrows performance... There has been some obvious volatility in this stock over the past 9 months but I like the projects within their portfolio with the main one being their Terra Gold Project. This is especially significant considering the current market and whats turning out to be more and more of an ideal macro environment for gold and other precious metals to perform well in the near term.

MORTA , MORTO , DEAD !!!!!!

would be fitting if so!

is this thing alive ? LOL

this is going backwards !!!! SHITE !!!!

Patou , maybe we can see pricing from your previous post 129 --lets get back to 4.50 !!!!!

Heyyy brothaaaaaaaaaaa..nice to see! would love to see this wake to buckerville soon that fer sure lol..been very quiet here but necessarily wasnt a bad thing jus sucked it takin soo long to wake again lol..news could mean its game on again and I hope these guys pull it off asap as its definitely been a long road of patience here lol

Good news and volume today for the first time in months...

After quiet weeks nice 3.00 500 shares slap. Ask 4.50 now

yes bro!)3.75 last!)))no vol today but dang with our piles starting to wake sometimes forget to look at some day to day lol..VERY nice to see and cant wait to see if 440s go here next!

OMG way to go!!!!!

YESSSSSSSSSSS 4.40 up!!!!!!!!!!)

volume is non existant! lol i wish i could get in

betting a few hundred only..will see

maybe if we lucky!))

Makes you wonder how many 4's are left...

yup

150 share buy did that ?

boooyaa!)now come on utsssssssss

Holly @#$% bros

4s go im more than happy!))

Come on suprise us!!!

4.00s hitn! next up 10.50!!