Australia's largest stock trading and investment forum Australia's #1 stock forum

BLR

Click for more information

0.00%

0.2¢ black range minerals limited

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

First 6 Last

Share
Profile

Follow
slick239

561 Posts.

22

01/07/17

14:11

Post #: 25606842
Share

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

Expand

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

Reply

Top Stories

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Time for retail therapy buying in the shopping Scentre for hot stocks

Eurozone-based companies find new ways to secure a regional lithium supply

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

End of FY is a time to juggle wins, losses and capital gains taxes

There are more pages in this discussion • 14 more messages in this thread...

First 6 Last

Add BLR (ASX) to my watchlist