Buy Side, page-71

The biggest issue for WBT has been the hurdle of the additional escrow shares. The Australian investors in the original IPO which were locked seemed to have dumped their shares and mismanaged the whole process. That put material pressure on the shares and I Guess took it down from 6s to 4. The Israeli bunch is still escrowed and I believe they will hold on to most of their shares. Surely some will sell to fund tax payments and also take some $$ off the table (if u invested at 1c u want to take some cash off at 4c) but I Guess most will be done via blocks/outside the market. All brings me to the conclusion that the current pressure is very temporary and the shares are a steal at 4c. Once sellers out, this baby can shoot back in no time to 6-7c where is should trade