Negative signal from Fryer: He sold 1,319,340 shares today at...

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slick239

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01/07/17

14:11

Post #: 25606842
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Originally posted by slick239 ↑

Robot, I think your analysis is spot on. WUC is in survival mode. Look at Fryer's recent consulting agreement. If he doesn't raise half a million dollars by June 30, Glasier intends to cancel his agreement. The actual language is brutal:

"The Consultant will provide the following Services to Western:

Support the CEO in the capital raising process as a primary function when Western is engaging in a placement offering. Western is currently engaged in a private placement and unless Consultant personally identifies and secures US$500,000.00 before the end of the term of this Agreement, it is not the intent to continue this Agreement beyond the Initial Term. Consultant is being engaged primarily to raise capital for Western. All other services are secondary and will be performed only after substantial efforts have been rendered with regards to the capital raise."

https://www.sec.gov/Archives/edgar/data/1621906/000121390017005221/f10q0317ex10iii_western.htm000

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Negative signal from Fryer: He sold 1,319,340 shares today at US$1.016 per share. He still holds 2,702,935 shares, or 13.8% of WUC. Exactly one year ago, he held 4,447,400 shares.

https://www.sec.gov/Archives/edgar/data/1621906/000167813817000013/xslF345X03/primary_doc.xml

BLR Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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Negative signal from Fryer: He sold 1,319,340 shares today at...

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