@Shaq_01 ...."do you think the large shareholders would fund WFE and continue to fund unless they were supplied with information they agreed with themselves (eg after they did there own research)
yes or no question
please answer in one word"
I hope you now understand why I mentioned it was the wrong question to be asking and why I answered the way I did.
I also understand how ordinary shareholders that are too deep into an investment clutch at any straws available.
The 'large shareholders' that lent the company money are the only ones that will come out of this with anything if the company folds, because they have the security over the remaining assets because of the loan.
As I stated the other day, they only needed to see more than the $250k value in the assets of the company to lend the company the $250k, nothing to do with the now defunct cobalt project.
IMHO was was in the 'large shareholders' interest to loan the company the cash they did and get 100% security over the company's assets, instead of only getting a small proportion of the company's assets should the company fold.
If the company gets delisted, with no real way back, then it is also probably in the 'large shareholders' interest to foreclose on the loan to get 100% of the assets instead of sharing them with other shareholders IMHO.
It is a shame we don't know who these 'large shareholders' are, as there are likely to be other large shareholders that have lost everything if this never relists.
WFE Price at posting:
2.4¢ Sentiment: Sell Disclosure: Not Held
