Ann: Annual Report to shareholders, page-93

I think that would have to be the conclusion, in that the sellers are clearly not in agreement with the business strategy and there are very little buyers coming in at these levels to provide support.

Thinking that 16-18 cents should be supported as there are higher revenues than last year, but the support has not come in, so it is a bit concerning.

Compared to others in this space I wouldn't have thought that WSR had got ahead of itself and to yet to get a major shareholder on board for the wrong reason is certainly something the group should be looking at as it appears to be a major misstep.

I think there is value here but not exactly sure of the price, so I am going to stand aside until I see some volume come in and provide support, that may well be after Xmas.

I am still holding my 23 and 27 cent purchases but will wait for confirmation before adding more.