ann on monday, page-114

Longtime lurker here and I own only a 50k in shares, so I'm bias (as we all are, I suppose).

The thing is, I'm a developer and I've worked as the lead tech and been around various startups. And this is a startup, don't kid yourselves. Here's what I'm thinking happened:

Wangle thought they wouldn't have to adhere to the carrier status. So they proceeded normally. Then they got pulled up and told they have to adhere to these new carrier laws due to their classification. "Shit", they said. "Now we have to re-write a bunch of code to make it work across all our products. " This is the cause of delay which I think is obvious.

Someone asked why they can't release the product, as is, to the non-Australian markets. My answer would be that it'd take more resources to manage two products, especially for a startup like this. Better to bite the bullet, take a few weeks, recode, resubmit etc.

In my eyes, nothing has changed from where we were when this was VTX. If the product does what it says it will then that's great. That's all we should care about, IMO. A delay for a startup of a few -months- is not uncommon at all.

Now, what I would hope is that WGL gets way better at communication to their stakeholders. To date they've been incredibly slack in talking to the market. They need to sort that out.

One last thing: the vast majority of startups fail. This is a startup. This is pretty bloody risky.