Woulfe Mining Corp WFEMF

Is there a viable alternative to merger? If so, what is it?

[Segusmundo]

No one on this board appears enthralled with the valuation of this merger, myself included. We have all offered a myriad of reasons of how and why Woulfe got here, but no matter where you go, there you are. Now, its time to vote. Given the 2/3rds majority required, retail shareholder vote, maybe for the first time, matters. Thusfar, there is no white knight competive bid and none appears on the immediate horizon. Neither does capital appear available to finance current or future operations. If the merger is not accepted by the required vote, I assume that reorganization or liquidation is a reasonable possibility. That prospect is not all bad because Woulfe's assets have some intrinsic value. I would just hate to see the fire sale value placed on these assets that receivership bankruptcy proceedings usually bring. Along that vein, we are asked in the merger to take fire sale prices for our Woulfe stock, but at least with the possibility of future operations and possibly price appreciation. Fire no matter which direction you go. 

In my judgment, and I hope someone can correct my logic, it appears we will be voting for the lesser of two evils: a less than fair value merger, or likely receivership. Are we realistically down to simply those two options? Other than the above, does anyone note an alternate Woulfe exit strategy that merits discussion before a final vote is cast? I would sure like to hear one. Seg.