Wolverine Resources Corp (WOLV)

[microcaps1]

imo you wont find the truth on this board -most longs have moved to another site

Ever since political machinations inserted themselves into the penny stock world, something that should end as pro-business political appointees retake the SEC etc,its been hard to find the logic in the penny world.
The recent WOLV pps is a case in point.

1) Becoming current as an SEC reporting company is a huge positive!!!! That's the most important thing we learn from the recent postings because an extended time non-current could result in a host of problems,which are now avoided since WOLV is now current.
2) finances of ca 200k were raised last month and more is coming to eliminate the working capital deficit

3) recent ,current and forward looking private placements (pp),as part of the debt elimination,are at a pps of .005,double the last WOLV pps trade. PP's are usually lower pps than the current trading pps.

4) elimination of the debt, including a debt to a lawyer, helps clear the way for WOLV to move forward re its current 5% indirect interest in Decision Zone and dzaudit technology, which is first moving forward in South Korea. That technology could be a key player in resolving some of the epidemic hacking etc which has taken over the world as a major tool even of governments -the new warfare.

5) Once that tech is monetized and WOLV and Dr David Chalk receive funds for the monetizing of their indirect and direct interests respectively, WOLV should have the capital to proceed with its plan of operation.

For newbies, WOLV was a mining stock focused primarily on Labrador copper mining claims and now relinquished British Columbia claims.
The price of copper has risen significantly from ca $2 to ca $3.10 last I looked,which is still high historically.

Every 10Q/10K still lists those Cache River mining claims as part of their plan of operation, though we don't hear about it otherwise because the investment capital for mining dried up ca 2010 or so,which is why WOLV, as per the 10Q's etc, looked elsewhere to raise shareholder value through other operations like the tech operations which have been at the forefront since 2013.
The Foothills Group, Doubloon's baby, is no longer listed as media for WOLV, so I don't know whether Doubloon is free to confirm the 10Q'S etc continuing claims that the copper mining is still an actual plan of operation.
You cant mine without capital.The idea was that tech was currently an easier subject matter through which to raise capital.
Once Wolv raises capital,e.g through the dzaudit tech,WOLV could (I have no inside info) revisit the Enigma plan of operation,which had been stymied due to lack of the expected investment capital.

In summation,1) the recent series of filings brought WOLV SEC current (many SEC reporting companies are now listed as pink current because of new 2014/2015 OTC rules requiring a min pps bid test of 1c and a surcharge of $10,000/yr to be listed as OTCBB. I'm sure a lot of investors or potential investors still don't know that),
2) debt is being eliminated via e.g., pp's at a pps of .005 (double the current trading pps)
3) so WOLV and Director Dr Chalk can monetize their indirect and direct dz audit interests
4) which then could reopen the door to resumption of the Enigma plan and fulfillment of the copper mining plan of operation. WOLV still retains some of the critical Cache River copper claims.

http://www.infomine.com/investment/metal-prices/copper/all/



markets.com/otcapi/company/sec-filings/12558852/content/html

CEO acquired 4 million shares on Valentines day for .004 ,showing his love for WOLV

https://backend.otcmarkets.com/otcapi/company...ntent/html

$25000 USD worth of shares sold under 506b exemption as part of share issuances to pay off debt (working capitol deficit)

https://backend.otcmarkets.com/otcapi/company...ntent/html

this is the cite for statement in last post-gremlins
https://backend.otcmarkets.com/otcapi/company...ntent/html

Enigma Mobil Transaction

On April 14, 2015 Wolverine entered into a Share Exchange and Royalty Agreement with ENIGMAMobil Inc. (“Enigma”) and Dr. David Chalk pursuant to which Wolverine is seeking to acquire from Dr. Chalk 25% of the issued and outstanding securities of Enigma. for the purchase price of USD $3,000,000, to be paid by the issuance of 300,000,000 common shares of Wolverine at a deemed price of USD$0.01 per share. Dr. Chalk is a Director of Enigma.

The closing of the Share Exchange and Royalty Agreement is subject to Enigma completing a financing of USD$2,500,000, and to Wolverine increasing its authorized capital of common stock to allow for the issuance of the 300,000,000 consideration shares. As at the date of this 10-Q, neither the contemplated financing nor the authorized capital increase has been completed, and the Share Exchange and Royalty Agreement has not closed. However, if the agreement were to close, based on the number of the Company’s current issued and outstanding shares, Enigma would acquire 46% of the Company’s voting securities.

The Share Exchange and Royalty Agreement may be terminated if the transaction does not close by December 31, 2017, unless extended by mutual agreement of the parties. On December 31, 2017 the parties agreed to let the Share Exchange & Royalty Agreement expire to enable Wolverine to focus on its indirect interest in Decision-Zone Inc. which Wolverine acquired through a Share Purchase Agreement with Dr. David Chalk, which was announced April 19, 2016. Wolverine will no longer be pursuing an interest in Enigma.

so it would appear once WOLV and Dr Chalk (a director of WOLV) succeed in monetizing Dr Chalks 15% in Decision Zone,they will take things from there

they still list planned operations on the Labrador Cache River property (copper mining claims) as part of their plans once sufficient financing is obtained- even though the name was changed to WOLV technologies sometime ago

working capital deficit 365k,total liabilities 369k--that was before the ca 200k or more in funds raised ca 2-14-18

https://www.newsfilecorp.com/release/33339


http://www.infomine.com/investment/metal-prices/copper/all/












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