Needless to say, in spite of the recent capital raise WUC is in a world of hurt financially. The placement raised slightly more than US$800K. But as of 9/30/16, WUC had trade payables and accrued liabilities of US$793K, two notes payable in default totalling US$296K, and only US$475K in cash on hand. So WUC is probably scrambling to deal with angry vendors and creditors while trying to make payroll and keep the business afloat. Shades of BLR....
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