WFL (ASX) Observations from Singapore

Originally posted by hopeful2 ↑

cmk1963

".every point you have ever raised in the last 12+ months has been addressed, dissected and dissolved 'ad nauseam' by many generous posters on this forum many, many, many times over"

This is not true. No one has yet argued with any conviction that the current Market Cap is justified simply because there is NO evidence that can be used to definitively justify this company being valued at $130 million, or anywhere near that amount. All I have had from "the faithful" is speculation and over -optimistic predictions (and personal insults and accusations accompanied by derogatory graphics). Apart from the ONE signed PDA that has been announced and a product released there is nothing else but promises and comments about "discussions", "progress" and "potential". There is constant absurd speculation that the next big deal will be with numerous products ranging from skin-whitening to washing powder. That's fine, but when people start getting the calculators out and are predicting massive revenues and contemplating retirement based on totally fabricated scenarios it warrants alternative opinions to be voiced - a balanced voice of reason based on the officially announced facts.

Nobody ever came up with a satisfactory reason for the directors selling their shares when they did. The reasons given on HC ranged from a holiday to a party! Citing the fact that they had just received some free shares is unconvincing. It remains a "bad look" that they sold so many on more than one occasion whilst the HC faithful continued to buy up big, thinking a big announcement was imminent. I think you'd agree that if it was announced that the directors were "buying" then that would send a far more encouraging signal to the rest of us who are kept in the dark. Or do you think that directors buying and selling is inconsequential?

As for other issues that remain unresolved, aussiemika summed it up well:

"Then there's
- GSK have walked away
- Court case
- 10% chance of hitting directors incentive target
- Jeff's woo woo machine phase 67
- tech is outdated now
- the wiggly lines say so"

after muppet665's post:

"Pg will sell sk2.
sk2 will dump wand.
pg will dump obj
no sales are happening
no cash comming in will be a cr
its all a gimmick"

I know that aussiemika and muppet were being disingenuous, but they have unwittingly highlighted the numerous niggling doubts about the OBJ story, as it is portrayed by the OBJ faithful on HC. The nervous nellies will soon reassess their positions.

I still maintain that a truly spectacular announcement is required to simply justify the current MC, but if one is not forthcoming then the SP will continue to slide IMO. There are very few buyers (just 36 for a small number of shares) down to 6 cents, once 7.8c is taken out. Patience will be tested.

BTW, aussiemika, I think it was me you referred to as "the profit (sic) of doom", I prefer "the voice of reason". Cheers.

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What I find perplexing hopeful, is that you have raised these concerns many times over many months. You have been heard, by the people that wish to listen. You are obviously a well educated individual with a solid grasp of the market, so what I cannot understand is why you feel the need to be the warning lighthouse of OBJ.

Its obvious you read every post on the OBJ thread. So you must see something of interest to you in the company. But, yet again, you raise the same points of cautious warning, it just doesn't make sense as your posts do not come across to be of the down ramping variety but if you continue to raise the same points it will become that way, which I am sure you don't want.

All I know is that if a company did not tick all the boxes for my investment/trading policy/strategy i certainly wouldn't be using my precious time defending a negative outlook on said thread, its genuine time wasting!
Again, I am all for balance of opinions in these threads, especially OBJ, but you have been heard with nothing new to add and all it feels like now is that you are waiting for your "I told you so moment" which is just plain mean wanting to see others fail/lose money.