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Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Comment by Dickleson Oct 05, 2012 8:46am
174 Views
Post# 20451669

RE: RE: As Blackbartt25 said

RE: RE: As Blackbartt25 said

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 words: "pay back loan & swap"

 

What I get from this is Brian / Westech gave the shares to WOF as payment for his loan.

They weren't sold, there was no "cash" involoved.  It was a SWAP.  

Sorry, I don't know any other way to explain this.

GLAL

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