GREY:WFEMF - Post by User
Comment by
StockExpertProon Apr 17, 2013 3:24pm
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Post# 21266959
RE: RE: Great time to buy
RE: RE: Great time to buy It appears to be true that no institutions have sold their shares but the problem is the share structure which is teetering on that BLOATED maxed out 335 million to 369 million range with warrants & options etc. 350 million shares is the absolute max that a small junior mining company like this should have outstanding. Management at Woulfe Mining is going to have to complete financing. NO MORE DILUTION!!!!!!! I cannot believe that they had the nerve to try and do another $10 million dollar convertable debt offering a few months ago. Does anyone know if that offering was cancelled? I had read on the message board that it did not go through which is a good thing if it is true. We can thank Brian Wesson for the inflated share structure. One thing is certain. The new captain of this ship needs to turn this around soon.