GREY:WFEMF - Post by User
Post by
canon12345on Dec 10, 2013 10:20am
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Post# 21989555
Korean Bank & IMC
Korean Bank & IMCIf both are still on board as stated at the AGM then the only money that is needed would be the 9 million for the coming year. That would equate to 90 million shares at $.10. As long as all of the other funds are from debt or Joint Venture then I think most shareholders could live with that. We would all prefer no dilution at all and some type of loan for the $9 million as well. We are seeing tax selling and will see it for the next few weeks. The question the sellers might need to ask is, if they are selling now to crystalize a loss they must wait 30 days to buy back the stock and may end up buying at a much higher price when this stock recovers in January.