WFE....setting foot in the threads there is sure to get you bitten and spat at
it passes muster as a shell, now its Lomero project appears doomed.
though the haters will disagree, its showing the classic signs of a dog being regroomed....
a small capital raise with poor take up, allowing someone to gain a decent holding.....
nearly 2 billion on issue...not great, but not unmanageable. The board have been looking for a project, but it seems they were lacking capital, hence the raise.
at .001, its a tough one to buy/trade as no one is keen to make the jump to .002, though its starting from a 2M MC. Note, though, that large blocks have been going through as centrepoint trades(CXXT)
next steps to watch for are:- * consolidation, possibly to bring the price to the magic 2 cent area..
* register tidy up, of unmarketable parcels.WFE has over 2000 holders, but around 1700 holders have less than a market parcel
* in what order these happen is anyones guess, and, whether its before a deal, or after, is also a guess, but i'd be watching for any corporate moves that happen in the near future
.....definitely a casino spin, but despite its history, is leaving a breadcrumb trail.......and, its not for those who arent risk tolerant
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