WFL 0.00% 0.3¢ wellfully limited

Ann: Half Yearly Report and Accounts, page-116

  1. 34,916 Posts.
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    Sorry ortstock, whether 1.5bill shares or 150mill shares there's still going to be lots of teeny weeny holders. Again whether you own 500 shares at $1 or 5000 at 10c,you're still a teeny weeny holder. These number of shares didnt prevent OBJ from going from 1c to 10c. No doubt the fact that the share price is around the 10c mark makes it difficult as it attracts more traders than normal but OBJ has always been a haven for traders. The key is not the amount of shares on issue but how tightly they are held. There are still alot of loose shares around unfortunately allowing the share prie to move up and down easily.

    As for level of investor, I totally agree, and I've said before that the next level of investor will only be interested once they can validate revenues. That's where institutional interest livens up. This is the stage we are at the moment, I think in 6 to 12 months this will play out and the discussion of how many shares on issue will become a distant memory.
 
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