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Ann: Proposed issue of securities - WFL, page-16

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ArtVandelay

5,197 Posts.

1439

10/05/22

11:37

Post #: 61311301
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Originally posted by zilliqua ↑

The SPP will unlikely raise anything more that $200-300k as top 20 shareholders wont bother. The company is clearly desparate for cash because the placement was a pretty poor amount raised. $288k should cover 5-7 days on expenses. They need a very big purchase order to get the revenue going as the GEM facilty will just create a wall of constant selling and dilution. The financial planning of this business has been abysmal.

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The company has access to $55m, so how do you figure it’s desperate for cash?
Asking for a friend.

WFL Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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