GREY:WFEMF - Post by User
Post by
mercurysmithon Jun 07, 2012 9:13am
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Post# 19988685
Thank you Brian....
Thank you Brian.... for listening to your shareholders and answering the questins we were asking. At least I now understand that you have other debt financing lined up that will not further dilute the shares. You should have been more honest with us in the first place regarding how the next $30M from IMC was not coming until August, thus the need of some other interim financing. It is understandable that the other bank financing will not be available until after IMC first advances the $30M. So the call you made was whether to delay production by another 2-4 months or get other interim debenture financing. Your thinking was that the revenue lost by the 2-4 month further delay was a bigger loss than the potential share dilution caused by the debentures. I assume you pushed the numbers out on that to be sure. Still, this IMC news and the other debt financing news was supposed to launch this stock, and now that you chose to delay your explanation until this morning, the shareprice will not likely react the way you had hoped. I do hope that avoiding this 2-4 month delay will be worth the sacrifice of the dilution involved. Please keep we shareholders in the loop in the future with such big changes, because it would avoid a lot of potential panic in the future. For now, I will stay all in with Woulfe, and I hope others do to, in spite of the potential dip that may now occur a result of how this debenture news was sprung upon us with no logical foundation for why it was needed.