* finally opens the vault, page-59

Hello @Deboss.......

OK, let’s start with shares on issue / will be on issue and therefor the dilution, shall we?

Shares on issue @ 30-Jun2-21020 = 2,642,951,276

Shares issued announced Aug-2020 $300k @ $00.0008 each = 375,000,000

WFE is planning on raising $6m, if raised @ $00.0008 = 7,500,000,000 more shares

Giving a staggering grand total of 10,589,951,276 shares on issue, if the full $6m is raised.
[Then throw in all the free confetti that will / could be handed out to advisers, facilitators etc.]

After the proposed 200:1 consolidation there will be 52,589,756 shares @ 20c each
~$1M of any money raised will, in my opinion just get rid of the existing debt.

The majority of existing holders have well and truly been saved by the saviors. [Sarcasm]
But hey… At least he lenders will get their money back. [Not sarcasm]


Next we could discuss the amount the SP will need to increase for holders who got in at say between $00.01 and $00.024 for them to recoup their $.

Followed by. Where any / all the cash that maybe raised will go.

Followed by. What will / could happen if the saviors are not successful in re listing WFE.

Followed by. If they pull this off, which I think they will, how many more shares will needed to be issued to advance whatever “near term” “bonanza” or what ever other adjective is used to describe whatever WFE might buy or buys?

[[Could the English teacher please correct any mistakes that I have made and I will re post accordingly.]]


https://www.investopedia.com/articles/stocks/11/dangers-of-stock-dilution.asp