WNX 3.70% 2.6¢ wellnex life limited

Ann: Annual Report, page-12

  1. 191 Posts.
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    hhhmmm I would expect it to well overshoot to the downside when it re-lists so maybe it will get close to ~5-7c/share. sale at 13.5mil minus any sales costs and payment to administrators (which at >6months has to be over $1mil easy) and paying back the related party loans which from memory in the annual reports came to about $4mil they should have $7-8mil in the bank.

    Given Mckennas gone and the way these guys like to spend money I think tht would last them 12-18months before whatever poor decision finally puts them down.






 
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