it depends, given that we know cash flow positive is around the corner and there will be no cap raises after this, there may be some desperate outsider wanting in and prepared to buy in higher. I've seen it before.
the "acquisition" line is the one that puzzles me, it could be the otherway around and PLX is going to buy out WBE with some magic outsider money.
I think its become clear to the market that this is a goer and the field is huge. capable of sustaining a long term operation. As result, i'm sure there are a number of off screen entities which have made calls into the company, noting that there is alot of oil money in Alberta and its a small part of the world.
I'm very rose coloured glasses here though. I hope they didn't just screw us by doing a massive raise at a discount to current SP.
WBE Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
