The historical events are real, The motives behind them are another thing tho, and it’s hard to tell. You have to give benefit of the doubt.. GGE, just dropped 3 directors who wereWBE directors. It seemed a drastic change and left one pondering why. This is why, they wanted to avoid COI , but some of these guys are still shareholders. Maybe they are restricted from voting on the resolution. I agree, gge are getting cheap equity. 25% of equity, if you exclude the options. GGE are also looking for someone to drill for them. Maybe there’s something being contemplated here. The other point is of course, the 4 m in cash has been earmarked for another deal which is being nutted out, hence the need for a friendly deal to provide cash (and shore up the share register) to take up a good position at Rex and get cashflow happening. Time will tell. Btw 35 M options went through yesterday, after months of zero. Then today this. Makes me feel good, I’ve got a few of those myself.
WBE Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
