WFE (ASX) Ann: Quarterly Cashflow Report

Originally posted by cfp: ↑

welcome back fooca, I say you are correct with where the shares are currently held, it would not take much to move them into a European account I wouldnt think, if that is the way they were going to do it, at the moment everyone is only guessing which way they will go, I will stick with my prediction 100% that if the ASX continues to play hardball with WFE we will be dual listed on the LSE main board and the NSX, it would be so much better if we could just stay on the ASX but the ASX is not offering level playing fields to every company, a couple of examples I gave yesterday and there will be many more that have done exactly what WFE is doing without the hoops, bells and whistles added by the ASX, to currently move to the NSX whilst in suspension would be a costly exercise, so there is other options available one being move the top 5 holders accounts to a European company a $2.00 shell company would suffice, pay some hefty fees to list on the NSX or there is another way, I want to research it out first, we will be dual listing IMO, it just has to be decided which other exchange we will list on besides the LSE main board, all IMO

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Don't mean to be so critical, but really?

You make a wild suggestion that is contrary to WFE announcements by declaring "you said it here first that WFE will list on the NSX", but when it is pointed out the cost to do so you then suggest that we can list on the LSE without being dual listed because we have 25% of the share registry held in European companies, whereas focca has highlighted that is not the case and went on to explain why. AS the LSE is one of the most prestige exchanges in the world do you really think they would turn a blind eye to a company trying to circumnavigate their local exchange listing rules?

Do you also think that the NSX would accept this sort of behavior as a new applicant must be of known character and integrity (rule 3.6)

Now we have a suggestion that, well, we can open up a $2.00 shell, get the top 5 share holders to transfer their registered address to it and "hey bingo" off we go we can list on the LSE, surely the simple solution would be to just abide by the ASX listing rules.
You ducked and weaved and never responded to there not being 2 x 100 million share holding mates in the Top 20.

The mob mentality of a "conspiracy" against WFE is quite laughable, nothing in any previous "company announcements" to suggest what the few as espousing.

Hopefully Brewer will come good, and an announcement will be forth coming tomorrow ( but I doubt it)

Liam