Ann: Change in substantial holding, page-15

Regal selling has given whoever wants to top up cheap the opportunity. I have taken that opportunity and doubled my holding around these Regal sells at below cap raise price. once Regal are dome this should start its re-rate which may already be on the way. This could be 1 of the turnaround stories of 2020 with already a product line ready to expand both in Aus and globally with demand for product potential into Asia, the US and Europe. Im expecting some potential need on these global expansion opportunities in this quarter plus local expansion as well.

We have had Regal sell which spooked many but have some big players holding significantly here including Thorney Group. Interestingly Geofrey Pearce who is on the board of MCP who are in the same space is a large holder of WNB. With MCP doin very well in the space it bodes well that 1 of their directors is a large holder of WNB. This play could be a major re-rate play with already developed relationships for product development. Looks like we are at a bottom and the only way is up here.