posted on
Apr 21, 2011 10:42AM
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Message: Re: WTG Hub
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You would expect a few upset shareholders around given that WTG values is down more than a third since the merger announcement and even more decline since Finskiy unloaded those CMM options to a '3rd party' who then bought shares. Boy they have not done well. Odd that there is no noise from that CMM shareholder about what Finskiy knew as a CMM insider before he sold the options to them (crusher, finances, etc.), given the losses they have incurred. I'd be thinking legal if it was me. Maybe they are not as independent as they try to appear to be, might be being handled for them.
Should we be worried that WTG's share price is dropping like this given how closely held it is? It makes me wonder if this is being done purposefully to effect the outcome with CMM. At face value it it implies a very poor offer for CMM of less than $.90 per share in paper value of course. This supports our position but, could it be leading to an offer ratio change and then a serge back up in WTG share price to reduce CMM shareholder resistance. I know it shouldn't because WTG underlying valuation remains suspect and it's share price too closely held to rely on.
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