Woulfe Mining Corp WFEMF

Dilution Scheme/SCAM or the REAL DEAL?

[MarcusAurelius]

Your post seems to support the fact that Woulfe Mining appears to be nothing more than a dilution scheme in order to give the company to Ned Goodman's Dundee Corporation for pennies on the dollar. What exactly did Ned and the board of directors do with the $5 to 10 million low interest rate loan from IMC which was implicitly meant for the new drilling program and work plan. Did Woulfe's board of directors use those funds to pay Dundee Corporation to basically drag their feet for over a year? Furthermore, Ned had the Woulfe board of directors and CEO list the company on his CSE Canadian Securities Exchange. Then he had his son or a family member appointed to the board of directors. It doesn't require a genius to connect all of dots in order to figure out what is happening with this company. They're trying to play the rest of the shareholders like fools and they are NOT playing by the rules. Based on the facts there has been a gross conflict of interest take place at this company no matter how anyone tries to spin it.

74volfram wrote: 6. Stock price. This issue is very volatile due to the very thin market for shares in the CSE and the limited access to CSE trading outside Canada.  Some of the recent price drop may be related to lowered near-term expectations from investors on the basis of the summary report and the subsequent MG&A.  Additionally, the information coming out of the company is barely at the “legal requirements” level.  For instance, the repplacement of the mine manager could only be indirectly inferred from the monthly reports.  There is no promotion of the stock because evidently none is needed in the eye of management to bring the mine into production (the remaining steps are quite predictable and additional funding can be obtained by dilutive placements with insiders).  In other words, the large holders have no interest in a share price increase at this point.  So a lot of the stock price volatility is the result of mis-information and manipulation and the sudden drops play in the hands of the current large owners who are likely to do future equity placements.