Thanks but either I'm not being clear or you're misunderstanding my comments.
When WAK went public they mentioned there were off take agreements for 90% of their product. To me this means that as soon as we start producing our K99 product it would be going out the door. This does not seem to be the case.
We are now hearing that clients want a higher quality product than what was being produced so as a result, sales and production being delayed as we improve the quality of output. I would have assumed that WAK would have known it's clients needs before going into production.
I invested in this company under the impression that 90% of what was going to be produced was effectively sold. This seems not to be the case. We are now hearing that clients like what we have but want a higher quality. We've been producing sample product at Kwinana for years. Why is it only now that we're learning that what we're putting out is not of sufficient quality?
I would suggest we find clients that need what we are currently producing so that sales are achieved, revenue is generated and the company becomes cash flow positive. Only then will the market see that we are delivering on what was promised. Cash can be then redirected to refinements, improvements and additional stages of production.
As I may have mentioned in previous posts, I'm not here to trade this stock, I'm invested for a longer term. However, I'm disappointed that excuses are given for not reaching the level of sales that I would have expected by now.
WAK Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
