Re: The FIX!!
in response to
by
posted on
Mar 21, 2011 06:33PM
JMHO, but I think you need to get over the idea that WTG is worth nothing. It has assets, cash, mines, unexplored claims. Is it trading higher than the assets warrant? Maybe. But there are countless companies that trade well over book value, because of their management team and the connections they have and bring to the table.
This was mentioned before, but as an example consider Mongolia Growth Group. It has only been trading for a short while and it has nothing to its name asset wise except about 0.34 cash per share, but it is trading around 2.00 because of who its directors are (CEOs and Presidents from various mining companies, including Pan American Silver).
http://www.mongoliagrowthgroup.com/boardofdirectors.html
A lot of 'smart' money is eager to invest with savvy people with good track records, even if it costs them a premium to climb onboard. You may not like Finskiy, but he has had some great success in mining, and he has billionaire pals who trust and respect him.
If, as observer44 says, there is a FIX in and the FIX is already done, then I imagine myself that the fix is that WTG / CMM already had enough shares locked up through friends and business partners and like minded investors to pass the merger from the very start.