WFL 0.00% 0.3¢ wellfully limited

Ann: Chairman's Update, page-22

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  1. 2,226 Posts.
    lightbulb Created with Sketch. 236
    I tend to agree.

    A update that said nothing as per usual. Chairman is living in dreamland if that was meant to reassure holders. But I do not think that is the intention.
    Saying nothing is the goal to drive the price lower. If they stump up the cash to carry the company for the next 6 months they will want

    1 control
    2 easy money with no (tried that) min outlay.

    This was from the presentation.
    When you break that out to extrapolate revenue that could have been earnt. They are at virtually break even.

    https://hotcopper.com.au/data/attachments/2873/2873357-2038514649fcd8211706fe210e244a42.jpg

    then when you look at the cashflow reports to manufacture. This shows a marked improvement. from revenue we are seeing.
    https://hotcopper.com.au/data/attachments/2873/2873424-cd2dac4dd1071a0f1a3563b56181a805.jpg

    Also. The publicity campaign is cutting through. I imagine the development/testing light launch is at its end. They have the new all in one device with a more agreeable price point.

    My view it is now or never to gain control and this has been played very well by the Olympic team.

    If this was my chairman there would be numbers and drum beating as often as possible to achieve shareholder support.








 
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