Wangle out on IOS, page-83

This negative market reaction to the launch is reminiscent to ZIP app launch. On 22 June 15 it was launched and hit high of $1.15. But by the end of the week it was 71c, down 38%. Classic sell the fact. But over the next 2 months the DTers were shaken out and value investors bought the shares up to a new high of $1.38. And Zip wasn't a great app, nowhere near useful as Wangle. ZIP app biggest error was making everyone delete ZIP 1.0 and making people download a new ZIP 2.0 app. That didn't get much traction and they lost users and revenue, hence why ZIP is 15c today.

My experience with Wangle has been excellent today. Was streaming FoxtelGo all day while driving around town. No buffering, fast to switch channels and easy on my data allowance.
I'd expect WGL to update the market next week and provide further data on the app and plans for revenue and new features. Now the app launch is out of the way, management can focus on enterprise deals and partnering on the chip development.

Based of iOS and play store reviews WGL is getting >80% positive reviews so I think HC is far too cynical compared to reality. Maybe I'm too optimistic but I think its a bargain at 3.3c and will keep buying. Next week the selling will dry up and over the next few weeks will rise to new highs on positive news.