WFL 0.00% 0.3¢ wellfully limited

Whoever drew up the Memorandum went to some effort to make it...

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  1. 208 Posts.
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    Whoever drew up the Memorandum went to some effort to make it very, very clear that if Resolution 1 is passed then the OBJ side of the business will take a minor role. Pigsy's quote makes that obvious so I have copied it here.

    " Following Settlement, the Company will predominantly focus on the distribution and wholesale business undertaken by Nutrition Systems."

    That will result in a situation where Wellfully can sell the old OBJ technology without requiring shareholder approval.

    As to who the purchaser will be I will not speculate, but given that the Peros operation will soon need capital I have no doubt that shortly after Resolution 1 is passed the OBJ technology will be sold to some unknown entity owned by some unknown persons who will have complied with the law.

    But that won't change the fact that the existing OBJ shareholders will have lost ownership of the technology.
 
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