Ann: App 4D and Financial Report 31 Dec 2022, page-11

There is no doubt in my mind that BLG is undervalued by the market due to a history of perceived underperformance.
The clear evidence that sentiment is changing rapidly is the undeniable explosion in volume over the last 2months but especially this months 144mill shares traded with 2 days to go being only 28 days in Feb.
It remains to be seen how high the rerate takes the MCap to but the volume suggests early investors are expecting a series of positive announcements over the coming months.
As the SP rises to each new high there have been plenty of buyers to accommodate any holders wishing to exit. Then as the volume dries up the SP is moving to the next level to find selling supply and the process repeats.
Very orderly so far.
From a technical perspective that is perfect rerate behaviour. Can be volatile and nimble traders will have a field day.
Long term holders that still believe and do nothing may be genuinely surprised at the speed and size of the company's increased value as WBT holders, most down 60% or more at the bottom, are today. They perceived what fair value may be but never expected it.
The hardest thing to do from now is nothing.
In WBT's case doing nothing with a big holding from the bottom has paid off big time.
Takes a lot of ticker though and can understand it's not for everyone.