WFL 0.00% 0.3¢ wellfully limited

Ann: Investor Webinar Invitation, page-21

  1. 556 Posts.
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    EDIT: replying to Art's post above

    But what exactly is it that you see? This is what you're never able to explain. People with a negative view of the stock are able to point to things like low cash on hand, the burn rate, the afr articles, the dyamond fiasco, the prior GAKS fiasco, the asx's 6.1 rejection, the apparent failure of the GEM facility (and the fact that we paid 550k for said facility), the fact that the machines still aren't fully built after five years of the olympic team (this should've taken less than a year), the fact that our own accountants have valued our business as less than worthless, the fact that we almost paid a million dollars for a distribution company that we were told was in a promising position but was in fact on the cusp of administration, the fact that the share price has declined 98% in five years, the fact that our revenues are stagnant but our costs are increasing, the fact that the board did not contribute 200k to the recent CR despite promises that they would, the fact that existing SH's were not given prefferential treatment under the recent CR despite promises that they would, the fact that every CR subscriber in the company's history is now underwater, the insultingly ludicrous phrase "reduced seasonal revenue variation" for no revenue growth (possibly my favourite WFL moment ever), the issues over the new excipient (why are we still fiddling with new excipients after god knows how long spent on product dev???) and the subsequernt issues with needing to re-apply for medical approvals, the failure to deliver products to our consumers, the removal of the reviews section from the lubricen website because customers were complaining so much... this is literally just the last year or so. we can go back further if you want - the failure of the ns deal, the 1.5 mil to palmero, the absurdly long suspension. these are all things that have happened. they are facts.

    What facts can you point to in order to justify your rosy view of the stock? All you've ever been able to offer is "PP seems like a nice guy, he did well with Foreo." Foreo was a while ago now, and that company's board seemed happy enough to see PP go. You're ignoring the mountains and mountains of evidence provided by recent history.
    Last edited by trkrkd: 29/12/22
 
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