GREY:WFREF - Post by User
Comment by
99999goldon Feb 11, 2015 7:47pm
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Post# 23420221
RE:major shareholders
RE:major shareholdersthe reason why they're buying it is the strong US$ vs CDN$ so they're basically getting a 1/5 of a stock for free
it's a play on forex not on oil or fundamentals of this company, if they loose it all big deal they lose little.
all of what I said happen with this company, including the div going to zero (well I said within 60 days).
another prediction - they'll need to raise cash through an offering for $1 may 1.05 and finally it goes to 75c then to 50c
its a reshort for me here. there's no risk here.