GREY:WFEMF - Post by User
Post by
mtlimpacton Jul 08, 2015 12:08pm
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Post# 23903246
Fair or NOT
Fair or NOTI have been in this stock for years and seen the Wesson's, Dundee and now Almonty screw over shareholders for the own profit.
Now this latest offer is the cherry on top.
The first offer made in January was backed by Dundee and for a mysterious reason (never explained) was canceled by the board or Woulfe. We can only speculate as to why this happened but one thing is for sure when you do this it's because you think it's not in the best interest of ALL shareholders.
Now the offer that was made today is even worse in regards to transparency, why is it that the latest FS came out 2 days ago even if it had a june 1st date.
The simple answer to this is that they did not want the stock price to move up before the merger was announced (their 30 days premium...) this is the samething as in January.
Second of all the price of Almonty has been artificially pushed up by one brokerage house and guess who that is... Bingo the same firm doing the buyback for Almonty.
So basicly they kept Woulfe stock down by not releasing the FS in a timely manner and at the same time bought big chunks of their stock so that the VWAP would be a lot higher...
This offer is netheir fair or totaly on the up and up. At least for us we can bring these "strange coincidence" to a judge and ask for a better deal.
Now from a mining point of view this deal makes sense and I am glad that we should see this thing finaly come to production, but getting an offer that is almost 20% less then the previous one this is NOT fair.