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Well, if it leads to raising funds without diluting my holding...

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andys_network

486 Posts.

104

30/12/22

12:49

Post #: 65480721
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Originally posted by trkrkd: ↑

This will be their next CR, then. They know they've exhausted the goodwill of asx investors, and after the afr articles they know they can't really do too much more business with cps. So it looks like they'll tap the German market. The thing is, this could actually work for a CR or two. I expect this DGWA is a lot like CPS - in exchange for ludicrous fees, it'll happily promote obviously dogshit stocks to its brokerage clients and supposedly-sophisticated investors. A decent number of those new investors will believe what they're being told and won't do their due diligence about WFL's fundamentals and its SP history on the Australian market.

So yeah, I can see this getting them a couple of successful CRs. But it won't change the fundamentals of this business and it'll lead to massive dilution of Australian investors.

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Well, if it leads to raising funds without diluting my holding further, then I'm all for it!

WFL Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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