GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Jun 07, 2015 6:43pm
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Post# 23805462
RE:RE:RE:RE:RE:RE:Merger of Almonty / WOF
RE:RE:RE:RE:RE:RE:Merger of Almonty / WOFThe problem with this logic is that it presupposes that Almonty, or the Almonty shareholders, have figured out a way to profit from Woulfe and Sangdong, where aside from the minimal diversificaton offered by the recent stock swap between Dundee and Almonty, I'm not seing any economic activity that justifies that stance unless and until the Almonty share holders start to directly buy Woulfe shares.
Of course they could obtain shares through financing activity, but it would have to be required (e.g. not financing at a low rate for the purpose of generating extra shares ) and it would have to be honest (there should be an anti-diultion clause for exisitng stockholders that issue automatically 2 years CALLS at the strike equal to the price paid by Almonty during said activity to a number of shares required to offset the implied dilution.
THAT would at least make things fair. No more of these "closed subscriptions" where thee subscribers are chosen ahead of time. If they want to offer shares for financing, before offering to Almonty at those prices, it should be offered to us.