re: asic and asx wakey wakeykingtom Kgtom,
Oh thanks
$58.82 times 170% equals $100-
Usuing a number of USD $22- for a barrel of oil for 2008
when oil is $38.62 for 2008 oil ......
If you times USD $22- by 175.54 % you come out with the actual number.
December 2008 Oil futures closed at USD$40.09 on Friday night.
Suggest you have a look at what WPL usues next in it accounts or presentations to investors.
Now that I used the discounted amount to work back to reality is a trick I learnt from reading WPL's accounts.
Just usuing their own trick back on them.
Thanks for the advice.
Not taking on WPL.
Just pointing out gross discrepancies with accounting and continious disclosure rules amongst other things.
Right now have zero financial interest in WPL to the best of my knowledge.
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