Woulfe Mining Corp WFEMF

Woulfe Mining's Wesson, Wesson resign

[trytomakeabuck]

2013-02-27 09:42 AT - News Release

 

Mr. David Constable reports

WOULFE MINING ANNOUNCES MANAGEMENT CHANGE

Brian Wesson and Amelia Wesson have resigned from their positions as directors of Woulfe Mining Corp. and as its president and chief executive officer, and vice-president of business administration, respectively, in order to pursue other opportunities.

The company thanks Mr. Wesson and Ms. Wesson for their extensive contributions to the Company over the last three years in advancing the Sangdong project and wishes them continued success.

We seek Safe Harbor.

[kilgor]

Well I am sure that was not the news announcement we were looking for.  But the fact that Brian resigned implies that there is a power struggle by the major stakeholders in which direction to take the company. The fact that there are stakeholders remaining and they have a vision to bring the value to the shareholders. The question is in what direction and how much value. The

[Sir_Holler]

Did Weson sell his shares and then resign because WOF is a rose garden?  

[geezer321]

  Now that the Wessons are out Woulfe is much more interesting.  It removes governance nepotism issues. 

[HillsboroughMan]

Some of you may remember I posted several weeks ago about the Koreans being gun shy to another BAJ scenario. That was a father and daughter relationship but bad none the less. I expect to here something soon now the house cleaning has been taken care of. There is always a catch, isn't there.

[Majormac79]

Ive trimmed holdings since summer 2012 but cant sell all as id rather the remaining shares take a big hit then miss development news

[Majormac79]

Brutal part is thoses usesless pigs still have 10 million warrants

[TechOne]

Options..  But we won't know whether they keep them or lose them since ususally options are tied to both expiry as well in management case, their conditions of employement..

[ark88]

This news today has been absolutely poorly managed. There should've been a halt. Instead of providing some clarity of information and facts, the markets will be trading on when the follow up news will come. The longer we go without a follow up, the SP will get hammered. They should've halted this. Does not matter for how long. As long as it take to provide material information. They

[ark88]

Just realized that if they in fact did a halt today, everyone would've expected the IMC deal. Wow, that would've been a serious let down.

[StockExpertPro]

I agree! This was backwards how they released this news today. Management at Woulfe Mining needs to get their act together. I can't figure out what the problem is if Woulfe Mining has a billionaire backing them up. The amount of money needed to move this project along is pocket change for a billionaire or company like Dundee. Instead this company just sits around and twiddles their thumbs

[Profit79]

they dont really have "big Billionaires" backing them, thats just the issue. dundee might have bought into the "idea" that sangdong was a good play, and the IMC connection probably sweetened the deal. So far weve seen a 12% drop in sp. Does that look promising? If billionaires had backed this, the deal would be done. Billionaires make money because they dont waste time, making

[StockExpertPro]

https://www.woulfemining.com/s/Directors.asp I disagree! Take a look at the company website. The "billionaire" Ned Goodman is on the WOF board of directors. He is obviously backing WOF up someway. Otherwise he would not let his good name be associated with this company. https://www.woulfemining.com/s/Directors.asp