RE:WMNothing you wrote has any bearing on the valuations I gave in regards to WM being highly undervalued. My valuations are based on the current 1.02 billion shares outstanding. Also there are many companies on the stock exchange with billions of shares outstanding and this doesn't effect their stock prices of being valued in the multiple dollar range based on more accurate company valuations.
WM is very much undervalued by the current price of gold or even with a gold price at $1750 US/oz as I presented in my previous post. WM is currently trading at about $35 US/oz. which is criminal. In that I literally mean it's criminal because what does have a direct effect on WM's share price is illegal naked short selling of shares. This egregious action of institutions has no doubt hammered this stock down to where it currently sits and is more than likely continuing to hold it where it sits today with gold prices hitting all time highs. So there is no reason for a RS or saying people had been "suckered" in when it was at $1.25. Because at that price the company also had less shares outstanding.
The valuation of this company is simply not trading accurately and that naked shorting is a real occurance which has devastated the valuations of many stocks on the Canadian exchanges and worldwide. Some countries have taken immediate action to stop naked shorters, but Canada continues to drag it's feet on this criminality. There is no way anybody invested in this stock would agree that $35 US/oz is an acceptable gold price value for WM when gold is trading over $2320 US/oz, because that's what 9 cents equates too.