Very disappoint in the revenue amount once again and lack of explanation ver ypoor communication again. Agree JP and CPS must go. I have been banging on about this for a long time. More concerning is this....everytime this company does a placement (growth capital) the shares sell down which is not good, it means weak and informed hands being placed shares (CPS are crap and very expensive). This company cannot keep raising money every 4-6months because no one will seriously buy it after 2 months of a raising knowing a raising is coming. Paul is good but he is taking on too many products and people like a blank cheque is there to fund this.Which there isn't? If a bad economic event happens then this could be curtins for this company. The board has zero public company experience and share price management. They must articulate that this is the last placement unless a value creating/accreting event or acquisition is on the cards and sell it to shareholders. Institutions will not touch this company untill its cap raising on no material revenue storey changes. No board should be approving the most extravagant capital raising fees and options this company seems to approve. Unless they are desparate (lazy) which it looks like it is.
WFL Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
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