WFL - chart, page-355

Worth noting last time at 13c the MC was also over $200m. Anyone buying at these levels were buying into a $200m company generating zero revenue and as it turned out, very little from P&G royalties (1% of $200m in sales using our tech).

Today, 13c represents a MC of $26m. A big difference. We also have a competent and proven CEO who has established manufacturing operations in multiple countries, recruited over 70 people and launched two of our own brands all the while in a Covid world.

I think it’s time to leave the past in the past and focus on the opportunity in front.