Aww fkDidnt realize MMCAP was involved here. Its no suprize the shareprice is where it is. Theres many reports out about them being major shorters. They likely havnt made all their money back so who knows where this is headed. But that was a major letdown to read in sedar. They pretty well killed WAYL shareprice. Nice to get the money, but to do a deal with the devil normaly costs you.
Since the last report filed on June 10, 2019, MM Asset, on behalf of MMCAP, has
disposed of an aggregate 8,929,800 Shares, representing a net decrease of
approximately 2.85% of the Issuer’s 266,847,172 outstanding Shares as reported
by the Issuer in its Management’s Discussion & Analysis of Financial Results
dated August 19, 2019 (the “Outstanding Shares”).