Strange that in September 2019 WNB stated combined business was close to profitability with a clear path to profitability. They stated numerous products and new sales deals were not even added to financial performance. It was big talk that got 6 mill in the bank raised with the likes of Thorney Group in for 1.3 mill to take their position to 17%. So fast forward a few months and we have had a shocker quarterly report far from profitability and now a suspension pending an announcement that is about the business operations of True Solutions that they stated in the quarterly had a solid quarter performance in line with expectations. So as they say the smart money (Thormey) pumped in a fare whack here and some how things havent gone the way WNB stated in September. The selling volume was heavy the days before this halt and it seems WNB’s statements about being close to profitability were way off. Wonder if the ASX will look into both the selling and the statements WNB made about their performance before a capital raise and a quarterly that was way of profitability.
WNB Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
