Woulfe Mining Corp WFEMF

Is there a viable alternative to merger? If so, what is it?

[Segusmundo]

No one on this board appears enthralled with the valuation of this merger, myself included. We have all offered a myriad of reasons of how and why Woulfe got here, but no matter where you go, there you are. Now, its time to vote. Given the 2/3rds majority required, retail shareholder vote, maybe for the first time, matters. Thusfar, there is no white knight competive bid and none appears on the immediate horizon. Neither does capital appear available to finance current or future operations. If the merger is not accepted by the required vote, I assume that reorganization or liquidation is a reasonable possibility. That prospect is not all bad because Woulfe's assets have some intrinsic value. I would just hate to see the fire sale value placed on these assets that receivership bankruptcy proceedings usually bring. Along that vein, we are asked in the merger to take fire sale prices for our Woulfe stock, but at least with the possibility of future operations and possibly price appreciation. Fire no matter which direction you go. 

In my judgment, and I hope someone can correct my logic, it appears we will be voting for the lesser of two evils: a less than fair value merger, or likely receivership. Are we realistically down to simply those two options? Other than the above, does anyone note an alternate Woulfe exit strategy that merits discussion before a final vote is cast? I would sure like to hear one. Seg.

[TechOne]

Good summary.. I for one am not willing to chance the receivership process and uncertain outcome.. Been there with unexpectedly ugly results..  When a company's finances and balance sheet sucks, fair play and full valuation are hard to find.. Lack of another suitor tells you that not every one see it as a big bargain.. FWIW.. For now it is a niche play with limited appeal.. 

[chrisp6712]

I concur and that's why I just cast my vote for the proposal. 

[GaiusGermanicus]

Yep, I'll be voting for it as well as soon as my broker gets me my proxy info. I'll be disgusted when I do it, but hey . . . 

[chizzles]

As did I. You know when you see a commercial on tv for a new drug, and at the end there is about a minute worth of warnings of other things that can happen to you if you take the drug, and by the end of the commercial you feel like that taking the new drug is more dangerous than doing nothing, that I how I felt after reading the circular. It has gone from the point of being upset about the

[chrisp6712]

I attempt to avoid making any investment decisions based on how I feel. It's hard to separate our emotions from the facts but following facts is the only way I have a chance to make the proper decision. Good luck to all of us.