WFL (ASX) The Purge

Originally posted by cynos ↑

Fantastic Post amg

I believe Steve has answered our questions as clearly as he can and as honestly as well . He said this is still a speculative stock as OBJ are doing things that have not been done before with technology that has not been seen ever before . We have been able to make our own judgements with what we currently have out in the market place with Olay and Sk2 in which I’m certain we are moving units to what $$ this equates to is anyones guess only P&G know this . As Steve said and I believe Steve/OBJ does not know what $$ are coming from current sales as no body knows the Units we are selling except P&G . As this flows through to our coffers and reports we then shell see .

With today’s information for all those with doubts it is best to move on , sell up and take your losses or wins . I will not be complaining if the share price falls further. If you are wanting more information or facts etc you will not get them . Nothing will change the past . So much information is locked up confidentially if you like it or not .

New investors can listen to the call when posted and read up on the past through ASX and own research or HotCopper if they want to invest and make up their own minds on what Objs future might hold for them .

I’m still here after many many years never whinged about my position what could of been or could of sold at . Read some great posts for and against OBJ . Not one has influenced my position . I have believed in the technology from the very beginning and now I will leave it to Steve and the new board to take all the learnings of the past to maybe Steve’s future Vision or our own personal Vision we all have for this company .

I still want to read the negative posts and positives as long as backed with research and facts . If you see no future then no more of the past and please move on .

Again we are a speculative stock with potential disruptive technologies in so many areas . If the retail/commercial consumer ends up buying the products with our technology we will be a success . Then again it could all end up as nothing .

Best of luck and wish you all great futures .

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A question was asked "Will there be significant revenue increases over the next series of quarters". His answer was a simple NO and the company has never stated this in the past. Perhaps the question should have been "Is the company still confident that you will see gradual revenue improvements over the year as was previously communicated by management?". This is consistent with the expected move to being cash flow positive later in 2018. During the call he stated that this is also his expectation. He did say under promise, over deliver, so shareholders won't forget this expectation for 2018.

In previous announcements the company stated the quantum of units ordered and that demand was expected to increase. This is an indicator of sales demand, but obviously the actual sales royalty they receive each month is difficult to forecast at this stage. The current royalty arrangements provide incremental growth as new products are launched but OBJ clearly want greater control and faster growth. Jeff said the second technology royalty arrangements are more balanced (better for OBJ), and clearly OBJ also want to sell their own products.

I would have liked him to elaborate on the jackpot or nothing scenario regarding the second technology. This didn't make much sense. Also, Glyn had previously stated that a seven figure up front amount had been negotiated pursuant to certain milestones being achieved for the second technology. The second tech was previously promoted as a significant catalyst for the company. A jackpot sounds great, but all or nothing seems unusual. I would like to know the context here.

Steve stated that this is a transition period for the company, to establish 5 business units. I assume P&G would be just one revenue stream from Skincare and Personalisation. Bodyguard, Surface Hygiene and Haircare are the others. It would be great to have other multi-nationals partners announced in the coming quarters. The company's plan is to evolve well beyond P&G which makes sense.

Blaming HC for supressing the share price and reducing the prospective board candidates was a revelation. Many will be bewildered by his comment, but it is his view is seems based on his experience to date. Having said that, will he blame HC if numerous holders sell tomorrow? Many originally bought in the 0.7 to 1.5 cent range and may move on because of the lack of revenue guidance or because Steve said the stock is still speculative.
On the other hand the could start to look very cheap for what they have already achieved.
He wants institutions on board, so does every junior, and this is usually achieved through a placement. The question is when? I'd like to see a few milestones achieved before this happens.

Did he sell the company enough today?

The was he blamed HC