Another thing to consider is that with a headcount now totalling over 70, it is most likely that WFL's payroll is now approaching over 100K per week including the Bod, but excluding all other costs. This one mathematical calculation/cost now demands around One Million a quarter just in Wages alone, let alone the vast list of additional growing costs before any meaningful Revenue arrives. Imo, this can only mean one thing. More dilution will be inevitable imo before enough Revenue is booked to create a cash positive scenario.
Although this 'presentation' compared OBJ's business model to 'Technology Licensing and Innovation' and WFL's to 'Integrated Business'; it still feels like we/WFL are still wedged into the Product Research and Development space, with continual tooling adjustments, formulation modifications, concept designs, structural designs, TTM, goto market 2022 and beyond, pushed out launch dates etc.
Where is the mention of Partner Formulation/Device White Labelling in this 'presentation'? What happened to this prediction by one of our SH's? - '
I am of the opinion we will learn more about these partnerships during the up coming webinar. I wouldn’t be surprised if we are starting to produce pods for SK-II or Olay. The difference being, they are buying them off us!!
Hearing manufacturing is set and ready for some big orders.
' If you are going to provide Unsubstantiated Information, at least own it!
https://hotcopper.com.au/threads/reduit-uni-launch.5957814/page-57?post_id=52375974
The best case forecast in Revenue for the 5th year is 8.2 million per annum for the Reduit vertical, but WFL as a whole will most likely by then have expenses exceeding that figure imo. To put this into perspective, my defi crypto portfolio outperformed WFL last quarter and most likely will again this quarter; and I am but one person.
The Market imo sees the obvious like I do and to assume otherwise may not prove wise. All of the above tells me that perhaps WFL may continue it's slide south (at least for the next quarter), before it's ascent past the moon. Imo, even the options currently look expensive and may not even be in the money by the time of their expiry.
*
@Beancounterobj not sure why you removed your response 'CMK you are correct, apologies everyone.'
(20min delay)