Questions to Management - What is going on? Official., page-162

First 162 Last

Share
Profile

Follow
Mutley8

2,722 Posts.

1265

18/09/19

17:48

Post #: 40471171
Share

Originally posted by ozblue: ↑

@Mutley8 ................."So holders can blame the troll brigade for causing unnecessary delays and wasting company’s time and money. Which ultimately is shareholders money!"

That is just so unbelievable. The ASX and ASIC have rules and regulations that must be adhered by listed companies. As soon as a company tries to go outside those rules, they incur the wrath of the governing bodies. It is really very simple.

WFE stepped outside the norms of a listed company by trying to do a backdoor listing, so have to recomply, as per WFE announcements.

WFE have to produce a prospectus, they have admitted this in announcements, yet have failed to announce any of the required studies being done at all. Now the company does not have the money to pay for all the reports necessary for a prospectus.

No major shareholder has stood up and loaned the company the necessary funds to do a prospectus, nor anything else for that matter.

Any blame for nothing happening here resides clearly with the BOD and major shareholders for not following the rules and guidelines last year by trying to do a backdoor listing.

Expand

I didn’t mention any names but you know......

Red herrings have wasted company and ASX time to eliminate the questions as the ASX has to perform due diligence and the company respond accordingly. Just like a speeding ticket announcement for a quick rises in SP. Common sense really......

So yes the troll brigade ala self righteous policemen have a lot of blame. Shareholders should remember them and take careful note for future awareness!

WFE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

DRO

History repeats for DroneShield investors but carnage so far subdued

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

AII

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

First 162 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Questions to Management - What is going on? Official., page-162

Top Stories

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

History repeats for DroneShield investors but carnage so far subdued

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Syrah jumps +19% as graphite tariff threat spurs optimism down under

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Featured News