Ann: Rights Issue to Raise up to A$33.17 million, page-6

Sorry guys to see the CRDB funding has fallen over.

Honestly, WKT should have raised the funds from investors 3 years ago rather than going down the path of the Nordic Bonds and the failed CRDB path. Shareholders would have seen significantly less dilution and likely future NPV per share is going to be decimated by this dilution.

I am honestly surprised WKT didn't secure a deal Jinpeng and the Civil contractors to be paid in shares and cash, rather than raising at 11c and I wonder if the 40% discount is due to the company having virtually zero funds left in its bank accounts. One has to wonder why WKT didn't raise a small amount once they became aware of the SBLC failure.