Brydos post is spot on. I doubt any insolvency administrator would be interested in equity from a company valued at Zero. They would be looking to liquidate as much as possible to generate cash to pay out creditors. If those creditors are Directors of TBB or 'associated' companies then this 'acquisition' might still be a viable option. As for WFL paying any Cash, no chance, we don't have any, do we?? Maybe we issue another shed loads of shares into that 50million financing facility to get another $500k cash injection and spend that on TBB!! Either way SS still needs to cut his WFL payments NOW and look at better alternatives than this, if there are any.
Merry Christmas
WFL Price at posting:
1.6¢ Sentiment: None Disclosure: Held
(20min delay)