Woulfe Mining Corp WFEMF

News - The dilution continues daily it seems. . .

[whoisyourpapa]

 

Woulfe to partially pay two companies with shares

2014-06-11 15:10 ET - News Release

 

Mr. Michel Gaucher reports

WOULFE MINING ANNOUNCES ISSUANCE OF SHARES

Woulfe Mining Corp. will be issuing, in the aggregate, 128,390 common shares at a deemed price of 10 cents per common share to two of its service providers in South Korea as partial compensation for continuing services.

The common shares issued on the shares for services will be subject to a four-month hold period from the date of issuance.

[chizzles]

The one big positive that I take from all of this dilution is that all people/services/board/members/investors/etc are willing to get paid in shares instead of cash, you'd figure that if everyone in the know are willing to stock up on shares, the end result should be a favourable one for us. Chizzles

[GaiusGermanicus]

I figured that 1k shares over .1% wasn't quite good enough anyway.  Between then and now I added another 20k shares for 441k total for now.  Somehow I just knew further dilution was inevitable.

[GaiusGermanicus]

They can dilute at 100k shares a month for the next two years for all I care if it gets the mine into operation.  As measured against outstanding shares that amount hardly seems significant.

[GaiusGermanicus]

OK, judging from the stars, I'm guess either the only person rating was SEPtic and his half dozen aliases or you think 120k shares a month a steep price to pay?  When I think of the dilution that I expected that hasnt happened yet it seems like chump change.  Woulfe is obviously doing this on a budget and trying to prevent an equity destroying bankruptcy.  So far I have to admit