Woulfe Mining Corp WFEMF

As Blackbartt25 said

[Dickles]

He paid the loan back to WOF with his own WOF shares.  He didn't sell the shares and give WOF the cash.

Also I believe the the bank financing will be a running line of credit. (better than a loan, only pay interest on what's used)

Looking forward to the Mine opening and the announcements as Mercurysmith mentioned but we may also have other interesting and advantageous announcements coming.

I still believe we should spend some money on PR/marketing.  That is the way to really get the SP moving.

The actual IMC deal signing will be a big catalyst.

GLAL

[Canon123]

Dickles how do you know that he didn't sell the shares and give Wof the cash. If he sold the shares back to wof or used them to retire a debt, the company would be required to release a share buyback news release as far as I know. The only thing that makes sense to me is that he sold the shares to someone who has under 10% of the stock even after this purchase. The insider says disposition in

[Raptor7]

Canon The thing is TMX website suggested both sides of the deal were insidersand therefore potentially a shareholder that already holds 10%.https://www.stockhouse.com/bullboards/messagedetail.aspx?s=WOF&t=LIST&m=31593311&l=0&pd=0&r=0

[Canon123]

Canadian insider just shows the 2 sales of 7,000,000 shares each not the buy side. Hmmmmmm how about the volume showing on the tmx is the main exchange and the other 7 plus million shares were on the alpha etc? I am confused and curious now. Still why are the buys not on Canadian insider? Still don't think it could the wof itself taking shares for debt without a news release. Wish

[Raptor7]

The only cautionary note that I would throw out here is that I find insider trades as per TMX website are probably different than Canadian Insider (same info as SEDI) more than 50% of the time. TMX apparently gets their data from brokerage firms which are supposed to know who and who is not an insider and SEDI relies on insiders to accurately declare their trades within the prescribed five days

[Dickles]

Blkbartt25's post on 10/2/12 "I e-mailed him about the 14 million shares showing as an Insider Trade. Here is the reply:  it was only 7 million as the shares were held by Westech International and was to pay back the loan from Woulfe that was due this month October, it was swap and did not impact share price"   The him above is Brian Wesson as noted in the subject box. Key

[Raptor7]

Yeah, this is all pretty confusing. His response states it was to pay back the loan but it doesn't specifically say the loan was paid back in shares. They may have been sold to another insider and proceeds were used to pay the loan. And what does he mean by swap? Is a swap just the term he uses to mean a cross? AKA --- a prearranged transaction which would of course not effect the stock price?

[mtlimpact]

This is just non sense the company did not take back the shares for the loan, if that was the case it would not have been done in the market. They would just have made an announcement saying that the shares were put back in treasury in exchange for repaying the loan. On top of that why would Brian and his wife file their insider trades but not the company, makes no sense. Second the trade was

[Raptor7]

I'm not aware of anyone claiming any conspiracy theories.  It's been posted twice now, TMX showed 6.7 million shares being bought by and insider and 6.7 million shares being sold by and insider.  It's all a matter of wanting to know what the rules state we are supposed to be entitled to know - insider trades declared within five calendar days.  Not sure why you would be

[mercurysmith]

Raptor, I agree that we need to know, primarily just to keep them honest.  There are 5 directors and 2 of the 5 are The Wessons.  Every company loves to have insiders take the risk of buying into their companies.  In fact many of us factor that in heavily before we buy into a penny stock.  The problem with what happened this time is that no money ever came from Brian's

[SmitherTime]

All good points.  Mercury mentioned earlier the scheduled blasting and official beginning of construction beginning on Monday, October 8th.  I personally see that particular event going ahead as planned as more significant than anything else Woulfe could tell us right now.  Here's why I think so. 1. Woulfe is broke (or very close to it) until that $35 million financing comes