WEC 0.00% 4.8¢ white energy company limited

wec take off potential?, page-11

  1. 319 Posts.
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    As you guys obvioulsy like conspiracy theories I have one more for you:

    What if the whole dispute with Bayan is just staged in order to smash share price and so allow some folks to fill their pockets with shares before the business picks up speed? I know some folks who earler tried to secure the majority in WEC by selling some unmineable farmland to the company for $ 445m (payable in 126m-138.8m WEC shares depending on share price), but failed due to strong opposition from shareholders. Now they can easily get these shares whether it would be on the market or by some corporate action and then revive Tabang.
    M&G could be realizing this and in order to maintain a blocking minority enabling them to block a squeeze-out after a potential MBO they have been keeping buying shares.

    To be clear: I do not consider these thoughts being realistic but rather as entertainment for all you bored shareholders.
 
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