Whate Really is goig ON, page-19

Actually, its pretty clear that the ASX is acting in shareholder interests for once.

Without the ASX asking questions, it would have never come to light that the advertised 'US $80m plant' actually had the value written down to $0 before being rewritten to US $30m (of which WFE is only buying 50%).

It would have never been known that WFE's own financial model gives an NPV, after a lot of additional money is spent, of less than the current market cap for WFE's 50% share pre-dilution.

This is all information that should have been released in the acquisition announcement but it wasn't. Its all pertinent information to be able to value the company as they have no resource of their own and are trying to cut corners.

All you need to do is look at the trail of destruction to understand why the ASX is asking them to 'prove it'. GLA & GLV are trading as low as they possibly can. VEC is suspended seeking capital to keep the lights on. 4CE has been a reverse 15 bagger. This is without touching on all the previous companies already delisted.