Ann: Application for quotation of securities - WBT, page-53

Haha love it .. quality not quantity

In my view BRN still offers the best pricing guide. That spiked >$1b and has settled around $800m - I don't know what their revenue prospects & announcement outlook looks like these days but WBT historically has been priced at a discount which I expect would continue unless the market believes our managements suggestion of multiple deals coming through in short order after number 1 is signed.

I also think its unclear how valuable the embedded market alone is going to be for WBT (i.e. pricing without discrete potential, which we know is a game changer).

A spike to $1b fully diluted would be awesome, I wouldn't bank on that though as management have a good record of delivering on promises and the deal was flagged very clearly, albeit a nice looking deal.

Without picking a share price out of nowhere, I think we move towards the 52 week high and hopefully exceed it, but there was a hell of a lot of speculation when we hit that high. WBT is in a great spot and there is a lot of growth and development ahead, will be interesting to see what the market say that's worth tomorrow.