It has become a disturbing habit when discussing stocks to attempt to suppress reality with unsupported pumping and censorship. People are good at denial, and when the cold, hard facts face them, they tend to cocoon.
WOLV is in serious trouble, and no amount of censorship of the facts will bury this truth. What was expected to be a multi-million, perhaps even multi-billion, dollar property has come up empty in the first drilling phase. There is now legitimate concern about whether there is anything at all worth mining on this entire property.
In order to fund a further drilling program, WOLV management will likely have to issue millions of additional shares, or execute a reverse split. Either way, current shareholders will find their holdings significantly diluted. For this reason, even if they manage to salvage something from the property, it's value to current shareholders will be minimal.
The ONLY saving grace here is for brand new investors. At least at the current sub-penny level, this is a minimal risk investment for anyone coming on board for the first time. The stock has a loyal following of pumpers who may be able to get the s/p to rise, and the IR team is good at suppressing negativity with fantasy. IR might be able to get some excitement built up by focusing on the upcoming (if funding is found) drilling program of what has been called the 'best' sites. |
