Ann: Proposed issue of securities - WFL, page-14

The SPP will unlikely raise anything more that $200-300k as top 20 shareholders wont bother. The company is clearly desparate for cash because the placement was a pretty poor amount raised. $288k should cover 5-7 days on expenses. They need a very big purchase order to get the revenue going as the GEM facilty will just create a wall of constant selling and dilution. The financial planning of this business has been abysmal.