Woulfe Mining Corp WFEMF

RIN

[chizzles]

I don't know if any of you have shares in Resinco like I do but there has been almost 12 million shares sold today, almost 10% of all of their total shares, driving the stock down to .005. As we know, Resinco owns almost 30 million shares of Woulfe and John Icke is their CEO. Kind of wierd, usually RIN has has very low volume trading.
Chizzles

[GaiusGermanicus]

Didn't those shares get snagged up to pay a debt?  Sounds like Resinco may be entering the corporate death spiral.  I seem to remember one place ponying up all their Woulfe stock to meet an obligation to a creditor at a discount, which actually says something VERY bullish about Woulfe even during a period of minimal information and not so great news. If they do go down the shiney

[ark88]

It was Inkes who took WOF shares in lieu of compensation.

[GaiusGermanicus]

A smart dude then,  I'd have rather had the shares than the cash too.  HUGE tax advantage there, he can write off his losses on the discout, and he won't realize the gains on the difference between his entry price and his sales price until they go long term, so instead of being taxed as income the real payoff comes at long term capital gains rates.

[chizzles]

John Icke only took 3 million shares of Woulfe for payment. They should still have at least 25 million..