Ann: Response to ASX Aware Query-WGL.AX, page-10

"On 15 June 2016, the final version of the platform, which incorporated the interim
data retention and interception requirements, was deployed to production
infrastructure ahead of the anticipated launch, but it did not deliver satisfactory
results. The Entity’s board of directors (Board) was informed of the results at
approximately 2:30pm (WST) on 15 June 2016."

The problem with this statement is that the company previously claimed on the 3rd of May ....

"WANGLE READY FOR LAUNCH AFTER SATISFYING
GOVERNMENT REQUIREMENTS
 Further key performance improvements observed as the Apps build is finalised with
Equinix and Wangle partners.
 New results on data savings and speed of internet will be published as they come to
hand.
 All testing has been carried out across both Android and iOS ahead of the Apps
launch on or before June 15th."

So after satisfying government requirements on 3rd of May performance improvements were observed, but by the time it came to flick the switch on 15th June it could not deliver "satisfactory results".

Could be a tough day ahead for holders.  The company deserve the punishment they get, but the holders have every right to be angry.