Wayland Group Corp MRRCF

RE:RE:EU Expansion

[EasyRider44]

“The Company intends to use the net proceeds from the Offering for potential acquisitions, working capital and general corporate purposes.”


Read more at https://www.stockhouse.com/news/press-releases/2018/10/11/wayland-group-announces-50-million-bought-deal-financing#BXbvqfAdr8sOKosy.99

LeafRider wrote:

NevadaKid1 wrote: Gentleman,
 My take is the money is going to the EU. Thats where their expanding. thats where Bens expertise is.   I predict an announment of some sort. Think about it, they knew this would tank the stock, so they would have to follow up with some sort of news especially with Legalisation next week. An announcment of some sort next week will stabilise the stock. Also did you notice this came out after the OSC was done with their investigation. All cleared for take off.. Its a bought deal!! For Gods sake!  Everyone thought this would never happen again with their track record. So their doing something right!
 Phase 1 is funded and almost finished, Phase 2 is underway and the revenue thats coming in will fund them the rest of the way, IF they don't have it paid forward already like they told us. .  Which I believe they do. Didn't Graham say last week they had 50mil in the bank?
 When I heard bought deal I was surprised but actually encouraged, it means growth and growth means revenue and revenue means what? Profits!!  And profits mean Higher stock price for the investors. Short term we lag but I expect news very soon. They have been in a quiet period and its all coming together very soon...EU and Canada..GLTA, Buy on the dips if you can, I am!! This is a gift, I never thought we would be back here again.

Thanks for sharing your perspective on the stock. I've never owne WALY/MARI before today, but I've been watching and reading about WALY for a very long time. To your knowledge is this $50 mil earmarked for the Phase 2 expansion or are the main Canadian operations of Phase 1 and 2 already funded?