Well us old Werrie Gold shareholders didn't get sucked in as luckily we weren't offered any new shares in MWC. I've just been waiting for over 2 yrs just to try and get my money back. If I remember right,a certain number of shares in MWC were issued to MWB shareholders to buy them out and also a large capital raising was supposed to have been done. Assuming the majority of shares are now held by the big boys,former Wer shareholders wouldn't carry any weight and thats certainly the way we have been treated by the company.
I bet the MWB people know a lot more details than us,afterall,isnt that where the technology was first developed.,or am I barking up the wrong tree here. Something I can't understand though is this... If the system doesn't work and is a fraud,that must mean that MWB were aware of this and why then would they bother to sell out to MWC in exchange for shares in the new company,knowing that the new shares would be next to worthless when relisted. What did MWB have to gain by selling out unless they got a pile of cash as well,;If they did get shares and cash,then MWC are the ones who got sucked in. I could be totally wrong with my assumptions but thats the way I see it. I wonder how long we will have to wait until the next announcement,hope I'm wrong but I'll say about 3 months. Brucey
