WFL 0.00% 0.3¢ wellfully limited

Ann: Application for quotation of securities - WFL, page-46

  1. 5,197 Posts.
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    Thanks, but I never do.
    You’ve certainly earned your cynicism over years of this stock failing to deliver and I have been a one its greatest critics at times.
    For all those hailing the old OBJ (and the earlier days of WFL), it was only ever based on potential, what “could be”. That’s nothing more than a gamble.
    But the company’s transformation and stewardship have been nothing short of astonishing over the past couple of years to the point it is no longer only potential (although that still plays a part until we show proof of revenue). We are seeing potential being realised by someone with a spectacular success record in this exact space.
    We are manufacturing our own products, getting plenty of publicity, winning global industry awards and despite the fact revenue is only just starting to ramp up, Peros continues to create more and more products. That’s not a fear of failure, it is extremely bullish. And now an equity swap firm is giving us access to $55m. On what basis, do you think, is a company offered such a deal if it’s likely to delist soon (according to you)?
    Take your emotions out of it and how badly you’ve been burned by the past to see this for what it is. In my opinion only, ASX investors are being presented with a rare opportunity - a company that looks and acts like a major player, but with the share price of a minnow.
    My money is where my mouth is and it’s a mouth that has been scathing of this company in the past.
    Last edited by ArtVandelay: 09/06/22
 
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