Woulfe Mining Corp WFEMF

Woulfe is Hanging on by a Thread

[StockExpertPro]

One more BIG DUMP by a large shareholder and Woulfe's stock price will drop to .005 price per share. If IMC does not sign on the dotted line by December 15th, it's lights out and game over for the company. The company has no cash left and can barely keep the lights turned on as it is. Shareholders will be wiped out if this fiasco drags on for another year. After analyzing my previous posts. I realized that I may be wrong in regards to IMC bleeding Woulfe Mining dry financially. I recently called investor relations or shareholder communications. I was told that it was Ned and Dundee's idea to drag the tungsten project out for another year or two. IMC had given Woulfe two low interest rate loans for a total of $10 million. Why weren't these funds used for the work program? Brian Wesson was long gone after the second $5 million loan. It's pretty obvious that Dundee wanted to bleed Woulfe dry financially by dragging their feet and doing almost nothing for over a year. The $5 million capital injection from IMC was supposed to be used for the Woulfe Mining work program. This company was blatantly mismanaged and a gross conflict of interest has taken place at the company. Two main factors contributed towards the conflict of interest at the company. The first being when Dundee Corporation was allowed to drag their feet on some BS 1 year inspection, to design a plan of action and determine how to proceed with the tungsten project. This milked Woulfe dry of the $5 million in funds from IMC which was supposed to be used for the 1 year work program. Woulfe's work plan and additional drilling should have been completed last year during that 1 year delay. The second major conflict of interest took place when Woulfe was listed on Ned's CSE (Canadians Securities Exchange).