WEQ Holdings Inc T.WEQ

RE:RE:RE:RE:RE:Voting Package

[AD31313]

You have to understand that they are going to convert the rest of the convertible debentures in mid-2017 to common shares.  Their bank covenents on the senior debt facilities restrict them from doing anything other than converting the rest of the Convertibles to shares, and to do that they need to wrap the common shares back to a price level that they can go ahead and dilute again next year.

Common shareholders were diluted by 90% in the converstion in August 2016, this will repeat in 2017 when the other $20-odd Million debenture is converted.

You can vote against the consolidation but this 6 cents today is just going to get wiped lower when they issue 300M + shares at 6 cents a share to pay back the remaining Convertibles.

This is management's attempt to re-capitalize the company, there's no other options here.  The company isn't worth much in a liquidation scenario.