Hey Billt5,Seyco is a private Australian company...getting Seyco...

Hey Billt5,
Seyco is a private Australian company...getting Seyco listed on the ASX would have proved too slow (18 months from September 2010)and too costly (mega-bucks)...
Seyco used the "old WHN" as a "shell" to plonk its massive Seychelle asset and effectively achieve a "quick and cheap" ASX listng by stealth!!! (took about 6 weeks to raise the capital and about 4 months to formalise everything)

Why WHN...well the "old WHN" was a rapidly failing company with poor management and some shocking investments and some dubious deals...the only trustworthy person was the the majority shareholder, Peter Bartter, the founders of the Bartter-Steggles poultry meat empire.

He did a deal with the management of Seyco (to save his investment in the "old WHN")...so infact all the "old WHN" management were fired and replaced by Seyco management.

So effectively, it appeared as if WHN has merely got a new asset and is now moving-on from there...but in fact the "new WHN" is really "Seyco" with Seyco management...majority Seyco ownership and majority Seyco asset.

ASX code is unchanged and is still "WHN"...but the name has changed slightly from "Wind Hydrogen Limited" to "WHL Energy Pty Ltd"

SO THE "NEW WHN" IS A "WOLF IN SHEEP'S CLOTHING"...OR A TWIN TURBO SUPERCHARGED ROTARY ENGINE IN A MORRIS MINOR OR SOMETHING LIKE THAT...SOONER OR LATER SOMEONE WILL REALISE THE DISCREPANCY AND ALL HELL WILL BREAK LOOSE (THAT IS...THE SHARE PRICE WILL TAKE OFF!!!)
Cheers and good luck...you ended up at the right place...even though you did not know why you were here?!