GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson May 31, 2014 2:06pm
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Post# 22618117
RE:RE:New (6) filings on the CNSX
RE:RE:New (6) filings on the CNSXThe most pessimistic literal intrepretation is that "Yes, we're going to go forward with the project, but only after Dundee buys it out at bankruptcy prices to provide the money to keep it going the extra few months until the agreement kicks in".
Or, in other words, what stock exists now may or may not be given any weight in the "new Woulfe" but the "new Woufle" will still be going ahead with Sangdong, just without the old baggage.
The most interesting would be "Help Help we need a Whtie Knight to save the company", and the wise thing to do would be find one to provide minimal financing to meet those goals and avoid the utter destruction of shareholder value. Odds are Dundee with resist that with all their might.
Also, if resolutions DO come up before an emergency general meeting agian, PLEASE, don't think your votes don't matter. For those of you who voted against Dundee's last power grab, it gave the other shareholders leverage to avoid assigning any preferred value to the nonetheless created preferred shares (e.g. they're just like common shares if they get issued, at least until the stockholders or board change their minds) and to keep Dundee from taking total control with a minority of the stock.
Until Dundee states, unequivicobly, that they remain committed to enhancing the value for CURRENT shareholders I don't trust them any further than I could throw Ned Goodman. Given I can barely pick up my battlerifle anymore, that's not terribly far.