Have taken a position in WNB after the 6 mill raise puts the company in a strong position to grow its 100% owned wellness and beauty portfolio of products. The raise puts WNB in a strong position to expand both organically and geographically with interest in Asia, Europe and the US plus have the cash balance for potential product acquisitions and development. With already key relationships in place with exclusive brands and development with the likes of Myer, Women's Weekly and Country Style the opportunity is there for WNB to grow a strong brand and sales network. With strong fund backing before and after raising its just a matter of time before this stock is re-rated. Have met the MD at a few presentations and she has the drive and passion to take this business towards cash flow positive. Expecting 2020 to be a big year for this stock.
WNB Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
