You bring up good points which make this look like a real long shot. There are a couple things you are not taking into account.
David Chalk did not choose wolverine as a mining company. He need someone he could trust so he chose a family friend, Bruce Coburn. He presented the shell as a publicly traded company which is what was needed without the cost of setting one up. The fact that it was a mining company is irrelevant.
You also are not taking into account that this kind of software does not get developed in a matter of months. The language that will be used to build out the software literally took 13 years to create. That is why when they had IBM test the language they made a large offer for the rights to it which was turned down. No one else has anything that is able to block security breaches before they happen like this, only responds after the fact. Then it's already too late.
The application to mobile devices here is astounding if you consider that all our phones are vulnerable to hacking. With funding complete, WOLV share holders will own 40% of Enigma's mobile security app. Which will apply to any licensing deal. Of course with a buyout this becomes irrelevant. We're talking dollars, not pennies.
I'm sticking to what I have seen and heard from those I know who are very involved in this deal. If they are wrong I end up selling at a loss. But if what I've been told is correct we will either be looking at a potential licensing deal or a complete buy out of share holders. The numbers for a buyout will seriously dwarf any potential losses here. I will risk taking a 50% loss on 1m shares for the potential of 20,000% gain on a buyout. If this gets acquired those numbers are more than reachable.
