RE:NEWS??They are probably not managing the sites properly, hahaha that's funny though.
I noticed that they were hiring more workers recently, too.
If WEF had more money in their pockets, they could've bought the rest of the shares and paid down the debt with their own money. That would've saved them 10s of millions in cost. So, WEF's problem is most likely having a narrow pocket - based solely on assumption of their past actions.
Financial institutions could've had WEF be held as indemnity when they refinanced the debt, either at 67% ownership or 100% ownership. It doesn't really matter.
If WEF thought Cona would go bankrupt, they would've bought it when it reached that point or waited until the shares were trading lower - ie. closer to bankruptcy.
So, their strategy was to buy it and pay down the debt to make it more healthy. They are doing that, as Waterous stated in the Q2 conference call, and they do not have control over the share price tanking while that is on-going.