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WPSHF: Plan of Arrangement. Each Old Western shareholder will receive one common share of New Western for every 5 common shares of Old Western held. (CAS-56915)
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
Here is some good advice.
http://www.timothysykes.com/penny-stocks/
What you have to do with these pump and dump stocks or momentum stocks, whatever you want to call them is to get out as soon as you make some money. I sold part of my position in this dog at a small loss because I didn't take my own advice. Now, I still have some left that I might be holding for a while or if I choose to sell at a bigger loss.
You have to sell on the way up and don't wait.
When I sold my position in WPSHF, I bought into a recommendation by Equedia. I cannot say what it is because of TOU but I bought in at $1.41 and it is now at $2.66. Like I stated before...don't try to catch a falling knife.
Leaving so soon? Not even waiting until the end of the month to possibly see what news might come when they become the new entity?
The higher move yesterday was the best sign I've seen in weeks, hopefully the bottom's in.
I am out of this one now. So it will probably good up significantly.
GLTA some day it probably will do well relative to today's prices. When is the questions. And I rather be in something else rather than wait out this pullback and change of direction.
Western Potash Corp.
March 15, 2017, Vancouver, BC - Western Potash Corp. (WPX: TSX) (FSE: AHE) (the "Western", "the Company") is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia (the "Final Order") approving the corporate reorganization by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") with Western Resources Corp. ("Western Resources"). The Final Order, among other things, authorizes Western Resources to acquire all of the issued and outstanding common shares of the Company on the basis of 0.2 of a Western Resources common share for each one (1) Western Potash common share.
On March 9, 2017, in accordance with an interim order from the Supreme Court of British Columbia dated February 6, 2017, the Company held an annual and special meeting of the holders of common shares of Western Potash (the "Meeting") where the shareholders were asked, among other things, to consider and pass a special resolution approving the Arrangement (the "Arrangement Resolution"). At the Meeting, the Arrangement Resolution was overwhelmingly approved by approximately 96.20 % of the votes of Western Potash shareholders present in person or represented by proxy at the Western Potash Meeting.
The Company anticipates that the Arrangement will close on or about March 31, 2017, subject to the satisfaction or waiver of all other conditions to the Arrangement.
Further details regarding the Arrangement are set out in the management information circular of Western Potash dated February 7, 2017, which is available on SEDAR under the Company's issuer profile at www.sedar.com.
Big mistake is an understatement. This is looking more like a freaking disaster. NIA's #1 pick my ass.
Still falling. Looks like buying this was a big mistake. At least in the near term.
At least the share price didn't tank on what was said. I guess that's good news.
I'm hoping for the news (if we get some) to be significant enough to turn the price momentum around and move it higher.
In the PR announcing the R/S they said they want to diversify their business and go into other mineral/material other than just potash. I'm thinking they might announce a JV or deal related to whatever that new venture they have in mind is. It makes a lot of sense to me that they would time it accordingly.
IMO if they don't make an announcement similar to that then the share price WILL tank further, so I'm hoping they do. The share price has already taken a big hit, it would be stupid IMO for them to let it drop further.
Cobalt mining I hear is the next big thing, maybe they have a deal related to that? That would definitely pop the share price. Canada is cobalt country.
Yes I have seen numerous R/S with good news still fall later. So we really need it to even have a chance not to see a significant drop post R/S.
The price action is acting like it wants to stabilize here. Some backing and filling going on I suppose. Where we go from here will be revealed when the R/S happens. I hope to God they announce some very good news at that time.
Got a bounce today finally on this one. A poster over on the Stockhouse board seemed to think an old gap had filled today. If he's right we may see a continued follow through higher tomorrow.
Keeping my fingers crossed.
i like your thought process!
makes sense to me
I'm still trying to figure out why they're doing the reverse split? Unless they have some news coming to push the shares over $2-$3 so they can attract institutional money, it's all for nothing anyway. Getting the share price over $1 isn't really accomplishing anything.
the comical thing is the reconstructing is going to put wpx @ $1 , maybe less at this point.
the way this stock was trading in Jan could have got wpx to $1 without the split.
Well, the near-term spike definitely left, that's for sure. I'm hoping they possibly announce some sort of JV on another project when they do this consolidation. Maybe some additional funding...something to turn the shares around. Keeping my fingers crossed on that.
Once the news came out about the restructuring I got a gut check and the feeling the near term spike I was hoping for had lost its mojo and that it may not get the needed catalyst for a long time. Just my feeling.
Why did you think it would be dead money till later in the year? I'll hold it for a while, but not if it keeps falling like it seems to want to do. This is going beyond just a normal correction even if it's on light volume.
I'm pissed at myself for not selling it when I had a small profit like the rest of the dumpers did.
It would not surprise me. I have been concerned after the news that it would likely struggle till later in the year. So it has. But last week I dumped half my holding at a lost which I hate but that shows lack of confidence on my part. Would hate to have all that money tied up at a lost for several quarters. That would really suck.
Is this POS going down the crapper? I'm beginning to think it is.
It goes back to the pump and dump aspect of these stocks. Whether it's a good or bad company is irrelevant. When the NIA tells everyone WPSHF is going to be the biggest winner of the year everybody piles in and almost as fast they sell out.
Everybody else sold the reverse split. Except us it would appear.
been a frustrating trade .
im watching (and trading) garbage that goes up 100+% in a day , and WPSHF which is a real company, cant generate any interest.
in retrospect, i should of sold on the reverse split news. definitely still like the company but this is going to be a test of patience.
GLTA
That's hard to say. IMO the only near term catalyst I see will be what's revealed when they become Western Resources next month.
I would like to see them drop some news at that time about a new, funded venture they have gotten into. Something that gets investors excited about putting more money into the Company. That would be my first wish, but anything they can do to get me closer to making some money would work for me.
I was hoping the share price would have bottomed before now, but that doesn't look to be the case. I hope that doesn't portend bad news going forward.
Doubt that they can. The changes in focus may delay catalyst for that. I am afraid NIA may ignore this one for quite awhile. Hope not but would not be surprised. am concerned this one would see any huge rises in PPS till later in the year. What do you think?
The NIA needs to start pumping this one again.
I'm hoping we hear some sort of news expanding their business reach into other areas when they become Western Resources next month. I'm also hopeful that might translate into news that's favorable for a move higher in the shares. I suppose that will depend on what business they're looking to go into, but I don't expect a lot of news or share price movement until at least then.
ha ... do you honestly expect anything soon? I'd say Q2, Q3 ,and hopefully conts Q4
I thought it was $2 but very good point
I saw that too. That's what had me wondering about the price. I'll have to check it out and see. If $3 is the number to make, we're still far away from institutional money.
Just read this comment on another board
to attract institutional investors, the stock price has to be marginable (which means over $3)
Can someone clear me up on something. I was under the impression the reverse split putting the share price over $1 CAD would enable institutional investors to come into the stock. I saw somewhere that $3 is the price point for institutions. Which is correct?
This was something they already had in the works. Let's see what it does for the share price today.
I'm more curious to see what other possible JV's they're going to get into after the Company becomes Western Resources. It was pretty clear from their PR's they want to step into other areas.
Those announcements should really pop the share price.
I agree. company is executing their business plan.
Sounds good, Help ensure the future,
The Pump is gone and the Dump has ensued. I think with this latest news this could be an expected outcome. Now, the share price will bottom out and most likely we won't see a lot of movement until March. How the share price moves after the reverse split is somewhat questionable too, as I would expect most of the Flippers would leave this for cheaper plays.
The share price has to stay at .20 CAD or higher for the reverse split to work, so I would think Management wants the price to stay close to that range. JMO
Management may want the share price to be as close to .20 at the time of the R/S, so the institutions can get in at the bottom.
Today's continued dip sucks. But the volume is very low so does not mean much IMO. Long term I think things will be fine and profitable but could stagnate for awhile.
Well, if you ask me this would appear to be a good move for these Guys. They seem to be wanting to expanding their business holdings/properties and in doing that getting some institutional investors in the mix.
NIA said they had the Chinese interested in coming in, so we know they have the money to push the envelope here if they so desire.
I would suspect they have other mineral targets on their buy list going forward. Guess we'll see what happens.
February 7, 2017, Vancouver, BC - Western Potash Corp. (WPX: TSX) (FSE: AHE) (the "Western", "the Company")
today announced that it has obtained an interim order from the Supreme Court of British Columbia (the "Interim Order") in connection with the corporate reorganization by way of plan of arrangement (the "Arrangement") with Western Resources Corp. ("Western Resources") announced on February 1, 2017. The Interim Order, among other things, authorizes Western Potash to call and hold an annual and special meeting of the holders of common shares of Western Potash (the "Meeting") to approve the previously announced Arrangement under the Business Corporations Act (British Columbia). In accordance with the Interim Order, the Meeting will be held on March 9, 2017 at the offices of Western Potash, Suite 1400, 1111 West Georgia Street, Vancouver, British Columbia, at 10:00 a.m. (local time).
Under the Arrangement, Western Resources will acquire all of the issued and outstanding common shares of the Company on the basis of 0.2 of a Western Resources common share for each one (1) Western Potash common share, subject to the terms and conditions of the Arrangement Agreement. The completion of the Arrangement will result in Western Resources becoming the TSX-listed successor company to Western Potash, and Western Potash becoming the wholly-owned subsidiary of Western Resources.
The hearing date for the application for the final order of the Court (the "Final Order") has been scheduled for March 15, 2017. If all necessary approvals are obtained and the conditions to completion of the Arrangement are satisfied or waived, Western Potash expects that the Arrangement will close in March 2017.
The record date for determining the shareholders entitled to receive notice and to vote at the Meeting has been fixed to be the close of business on January 27, 2017. All shareholders are encouraged to vote in person or by proxy at the Meeting. Western Potash intends to mail the Notice of Meeting and the Management Information Circular, together with a letter of transmittal and a form of proxy to Western Potash shareholders of record early next week. The Meeting materials will be available on SEDAR at www.sedar.com under Western Potash's profile.
For more information on Western Potash Corp., please visit the Company's website at: www.westernpotash.com.
NIA's new stock pick, Calibre Mining (TSXV: CXB). Said to double soon????
Thoughts?
Yeah, I saw their e-mail. They want to focus on another Mover and Shaker mining stock. What would be nice to hear from their analysis is how what WP is doing with the reverse split is affecting their call for the big move higher. Nothing was said to that, maybe it comes later, who knows.
NIA. gave comment this still good but suggested another near term stock to focus on now,
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