TSXV:WEE.H - Post by User
Post by
Everswanon Dec 09, 2009 7:19pm
274 Views
Post# 16571072
Financing : Live and Learn
Financing : Live and Learn
ABCs of all businesses.
You need money to grow.
When you are cash negative you finance.
WEE doesn't project to be cash positive anytime soon.
To maintain stock, pay employee and recruit/train people = to grow, WEE needs more cash.
Stock has gone to the moon (3,+) now it is still hovering near the strastosphere.
I'll let you assume the risk.
I'll enter later after dilution.
Why the heck to you think M Partners issue price target of 4.25$?
M Partner has been the issuer for WEE for each financing. They get a 10-15% cut on all financing.
Wee needs another 10 Millions or as much as possible to completed Alaska deal or Pemex.
They will need it very soon.
Option right now:
Refinance at 100 moving average
or 200 moving average
Warrants to be sold also.
I bet this will happen very soon.
If they refinance low, i'll buy more shares.
If they refinance high, i'll buy less shares.
In any case, I am not taking a beating like you, novice, traders.
By the way, I missed my price target by 0,07$. Told you it would go low. It touched 1,32$...