Ann: Quarterly Activities and Cashflow Report, page-6

This is a result of totally incompetent management at Wavefront, meaning Scott Gamble and Shanny Dyer.

Furthermore, we have a NXR board that has been totally hoodwinked by lies and excuses sprouted by Scott for the last 12 months.

The NXR directors are no better with one residing in China and the other who is barely english speaking believing that the skills he brings to the Board are that he has lived in Aust for 15 years and was a metals trader.
Zhang unfortunately is out of his depth and totally uncertain as to what the basic company laws are and what it means to run a publicly listed co in Australia.

So where are we shareholders left now. NXR has 130k cash left. It doesn't have any value as a shell. Its investment in WBT is worth significantly than what it initially invested and its loan is likely to never be paid back in full.

I don't see any positive outcome here, unfortunately....