RE:RE:I am dying laughing right now
GhostmyDck wrote: I don't get the big joke. This company's operations are still performing well. This isn't some made up fake operation that's all hype and no substance. This is a real company. The lack of financials and CTO is concerning, and we will see another huge dump today. But that does not mean it's over, just that it is halted until they file financials, which I assume won't happen until they resolve the debt issues. All unsecured debtors (60 million) and shareholders are rightfully pissed and suing the company. It's GGP who everyone should be mad at. This whole shltshow is only because of the 100m secured debt. Get rid of GGP and Oasis and Hi-Med will be happy. However, I suppose GGP thinks this a better option than just a buyout.
Anyone who was invested in Wayland knows what this means. The writing is on the wall. Theres a reason why they cant file financials, and with the whole scandal around Hadly they likely wont be able to get auditors to sign off... If they pass the June 15th deadline for filing its a matter of days before the CSE imposes a Cease trade. Once that happens its game over. Cant sell equity or even debt to be able to pay the debenture holders the interest payments. Anyone who thinks we can 'easily' sell a few pieces to pay this clearly doesnt know how the regulatory affiars work and will go down with the ship. I've already sold this morning, and I'm saying that before anyone comes out crying basher. I could care less what you do, I just wish I knew the course of action for these proceedings prior to losing 10k in Wayland. Be aware. CTO will be the end. There isnt enough meat on the bones when any potential buyer knows we have ZERO course of action, thus they will low-ball any offers, and frankly there wont be enough to pay the debenture holders (who are first in line) let alone any equity holders. Best of luck folks.