Hello, I have no idea what the “heroes” might be up to! And I will not guess even for the fun of it!
However.... My thoughts are...
1- Being auto delisted is NOW seriously on the cards!
2- Coming out of suspension with with a new project with only 5 working days left (and no extension) is now not looking very promising!
3- Getting an extension with in the next 5 days is, in my opinion now very unlikely unless the overdue 2019 annual report that includes all sorts of juicy and probably scary audited stuff and then supplied to ASX and released is now unlikely. (Also having an AGM and having a new ball buster project that is squeaky clean and beyond reproach)(Who will be the “figurehead” deal maker, and who will be behind the scenes, 1620?)
4- If WFE does come out suspension what dirty laundry will be aired? If it de lists then it will just fade away!
5- If the “saviors” can revive WFE, the dilution to existing holders will be devastating, a consolidation could be a problem for holders, a UMP buy back will get rid of the UMP’s but seeing there could be a lot it might be an issue.
And then there will always be a trust issue.
All that said, how would I know what the “CREW” are actually up to! So read into it what you will.
WFE Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held