Woulfe Mining Corp WFEMF

RE: RE: RE: As Blackbartt25 said

[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 pocket to pay for the shares.  Instead, the directors agreed to give him a company loan so that he could purchase these warrants at .12.  It really doesn't matter whether it is the company buying the shares back, or Brian selling to some other insider, or even if he sold to a non-insider on the public market.  Brian was able to sell the shares for .285 each and make a nice profit without ever having to pay a penny out of his pocket.  The company had the authority to make the loan.  There is nothing illegal about it.  It seems this sort of think happens frequently with penny stock.  You will recall that Christopher Ecclestone's Tungsten report of December 19, 2011 stated regarding Woulfe Mining:  "We can find nothing to complain about with this stock except the distracting presence of the side-bet on Muguk and the presence of too many of same family on the board of a non-tightly-held company."  www.playfairmining.com/i/pctf/Tungsten_Dec11.pdf  

All would agree that Ecclestone is the most knowledgable outsider regarding the Tungsten market.  His two named distractions have turned out almost prophetic.  Brian has done nothing illegal.  He reported his insider sale.  He made a ton of money with it (with the use of a company loan at a time when the company was otherwise out of money and had to turn to PPs to get money).  Given the poor moral optics of the deal, and given the trading regulations, we shareholders are definitely entitled to know what insider purchased the shares.  None of this should in any way suggest that Woulfe shares are less valuable today than before this cross trade.  In fact the opposite is true.  This shareprice will soon be exploding given all the good news.  It is just unfortunate that as Ecclestone states, there is "the presence of too many of same family on the board of a non-tightly-held company."  Now you know the reason he would have made such a comment.