RE:Wyloo crooksNorthwind75 wrote: The Wyloo crooks will drive the shares down as far as they can, maybe down to 4 cents and then over time buy 51% of KWG. They then will come out of the woods and buy KWG for whatever they want
at a massive discount price . Noront all over again, another Canadian company bought for pennie's.
Just barely legal...
Over the past couple months, there's been selling from a big shareholding... over 50MM shares if I count it right. There's only 4 holders I know of with that kind of size. If it's Wyloo, then they've sold half of what they picked up from the Noront acquistition, which doesn't make the most sense given the selling started a couple months prior to them closing the transaction (possible, but not probable). Another large shareholder claims to be long for much highe pricing, and an estate would also be in that size ballpark. If it's not Wyloo, but one of the other possibilities, then I'd surmise that they have pretty much completed their sale and are out of shares. The last one is an insider, and the filings don't support that outlook at all given the elapsed time.
We'll see over the next couple days, which scenario is playing out.