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Ann: Application for quotation of securities - WFL, page-25

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trkrkd

559 Posts.

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17/08/22

22:10

Post #: 63177128
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Originally posted by jonty: ↑

WFL put up 500K to do its first draw down, which they handed back 175K for 5M shares. GEM is still well in front regardless of the hand dealt.

Master stroke or not by the board..... time will tell. Based on volume, you currently wont see another draw down. Capital has to come form elsewhere or you start to reduce outgoings by headcounts, parking projects and become strategically focused. 50 calendar days have passed by end of this week since end of FY. That's a million dollar plus burn on 24k/day, or conservatively one million.

Show the shareholders you have the money WFL to operate........

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I think they'll have to start making cuts just to appeal to new investors. I can totally see them killing off reduit in the next couple of months.

WFL Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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