GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Mar 10, 2014 10:13am
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Post# 22301977
RE:RE:RE:RE:Woulfe Mining Closes $4 Million Debenture Offering .
RE:RE:RE:RE:Woulfe Mining Closes $4 Million Debenture Offering .$HAWK wrote: Hey Gaius: I thought we may have a chance if stuck together, thanks for getting the move started. $HAWK
Well, it's not a complete win . . . they still got the preferred shares, but there was enough resistence that for now those shares get NO preferrential treatment. Further the debenture offering values Woulfe quite strongly at $0.065 by 2019. Think about that for a moment and discount against the current price based on the IMPLIED value now given their warrants with a strike price of $0.13 until 2019 and their matching shares purchased at .13 . . . So they get current shares versus the trading price now of .11 at a $.02/per warrant, making their adjusted cost basis $0.15 until March 2019.
Can I have some two cent options that live for 5 years please?? I'll pay the two cents each and not take a warrant over the numbre of shares I hold now . . . Dundee . . . you selling any of those warrants?? I'll give you the two cents a share which is a bargain because we BOTH know if you'd tried to buy $3M worth of Woulfe on the open market you'd have tripled the price. Which is probably why you didn't and never will.