Woulfe Mining Corp WFEMF

Metals & Mining Industrial Metals & Minerals

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

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Woulfe Mining Corp > Class Action based upon misrepresentation

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Comment by StockExpertProon May 31, 2013 11:17pm

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Post# 21470514

RE: Class Action based upon misrepresentation

Quote:

"When is WOF Board of Directors going to stop playing games with shareholders?"

Well, considering the fact that they are currently the laughing-stock of the junior mining sector. Common sense would tell you they would stop playing games immediately and get down to business. I think it is odd how they appointed Ned Goodman to the Board of Directors. Then begin releasing these pitiful updates about how there is no "financing" available but yet at the same time claim they are receiving considerable assistance from Dundee Corporation during longer term negotiations with IMC. Dundee Corp. is a $50-billion dollar mutual fund entity. I called the former WOF investor relations Nick Smith earlier. He seems to think that the Board of Directors might possibly be planning some slick scheme where they try to dilute all of the smaller retail shareholders out of their positions by issuing massive amounts of more WOF common stock. He seems to know what he is talking about because this recent news update that the company released during after hours yesterday seems go into detail about how the company is so desperately in need of financing and may have to issue more common stock with unfavorable terms for the company and shareholders. If the board of directors are trying to protect themselves from lawsuits by issuing these updates. That might work with anyone who buys the stock in the future. The problem is the current shareholders have been grossly misled. The company has crossed a line with the current shareholders that no company should ever cross.