Re: Res & Robbertops
in response to
by
posted on
Feb 17, 2010 10:08AM
The company is now known as FUSE Cobalt.
The Sugar daddy reference is in regard to the PP done @ .10 with No wt . This placement was for th maximum amount of shares allowable to remain under the 10% hold/ thus insider reporting requirement. That meant that funding the company was important to them, and that holding a wt less important than reveling their identity.
Thus something is up that we don't know about in the context of the bigger picture. I think that something must be in the works either with SGR or SKP which is basicly a seogate of SGR via their common directors.
What gets me frothing is how this could unfold....
Is this just a waiting game for Sugar daddy to wait out our wts.... thus opening the door for a large placement by sugar daddy?
Or: Is sugar daddy more friedly than we think with SGR and simply waiting till the time is right to make a move on WEL. Holding a substantual position being the underlying reason if a vote is required to take a run at WEL
Or: Do they not give a rats Bumb, and are content to fund the company and sit in the corner with the rest of us, Dazed and confused? I don't think so..... Why ? Because they came into the arket and obviousely moved the stock up for a few weeks.... Then everything went calm. It is not agaisnt the law to have inside info.... but it is against the law to act on that info.... IE trade the stock , buy or sell. I think this calm is a precursor to a material change that is in process.
JMHO
The reference to .23 being the price of the last Flow through PP at the close of 2009.
The one thing that is important is that WEL is worth more than what any of these options would imply....Including just maintaining the status Quo and drilling and exploring all of WEL's projects.
Our time will come.
JMHO