WEC
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9.38% 3.5¢ white energy company limited

High Court of Australia - SICC - Indonesia, page-24

  1. drifta
    6,600 Posts.
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    16/02/22
    11:22
    Post #: 59605212
    OK, $30,.7 MILLION DEBT, fully drawn for WEC and only $1.4 Million in the bank ....
    How is this company meant to survive, everyway i look at this , all i can see is voluntary administration...
    Is there any other way, this is such high risk buying IMO..it could easily disappear into suspension at any moment....That is how i read the below financials, it is indeed grim looking from my perspective....
    drifta predicta eredicta


    https://hotcopper.com.au/data/attachments/4090/4090481-1670794121d7e091292a3adde7ef95cf.jpg
    Last edited by drifta: 16/02/22
    WEC Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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3.5¢ 		Change
0.003(9.38%) 		Mkt cap ! $6.964M
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