Jun. 15 at 6:09 PM
$WLGS The company can issue unlimited number of shares according to their latest 20-F report. This why folks don’t want to trade this stock. Can they come up with another offering at
$0.05? Yes they can. They will dilute the common shares to the max before they implement a RS. This is a typical Chinese penny stock companies tactics. Also, I am not sure if the
$71 million contract will ever be materialized. Why do they invest
$10 million in
$TROO when TROO doesn’t make profit. I need someone to give me a good reason to trade WLGS.