To all short, medium and long term investors
The message is loud and clear, don't mess around with WBT. My comments to all captioned investors are;
- The long term investors were frustrated with yesterday's pullback, but it shouldn't affect them as this is just a paper loss. As this suspension is also buying time for qualification, commercialisation and Tier 1 announcements, the LT needs to relax, sit down and watch how the show unfolds in few weeks
- In terms of timeline, I'm thinking 4-6 weeks but could be longer. Now the WBT management do not have timebound pressure to make all key announcements. This suspension is from ASX so they will short out recruitment of a new director but I believe with WBT reputation this shouldn't take a long time as he will be non-executive director and does not require to 4-5 week notice from his current tenure.
- For shorters who borrowed shares to sell yesterday and needs to buyback again in market must be worried and probably s*****ting in their pants as each week lapses with all key announcement start to surface. In addition they will be paying hefty fees on each day delay.
- I won't be surprised if the share price go up by 40-60% due to stampede from shorters to buyback on opening day.
All the best to Weebiters
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- Ann: Suspension from Official Quotation
To all short, medium and long term investorsThe message is loud...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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7 | 8934 | 2.050 |
6 | 14852 | 2.040 |
5 | 16211 | 2.030 |
4 | 55523 | 2.020 |
Price($) | Vol. | No. |
---|---|---|
2.070 | 4231 | 8 |
2.080 | 18240 | 8 |
2.090 | 40226 | 6 |
2.100 | 23245 | 10 |
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