It is possible that an announcement will be made that the CR was under subscribed- and then a placement will be made to "sophisticated investors" which will subsequently be followed by a price sensitive announcement. Just an opinion.
...Approx 1000,000,000 shares to be washed through at above .003.
Ummm could take a few years.
The financial considerations behind this business model imo have become kindergarten stuff.
You cannot raise funds on a business model that is not producing any revenue, at the same time smashing the value of current shareholders whilst saying we are going to do more of the same. Basically saying we will continue to correct our mistakes and eventually get things right whilst spending millions and getting no revenue.
The current shareholders are basically be held to ransom. If you did not take up the offer bad luck, if you do take up the offer we now have a dilution to 2000,000,000 at .003, plus in due course we will have to consolidate the registry.
In my humble opinion, it is a basket case.
Ann: Wangle Lodges Third Patent for New Behaviour Profiling Tech-WGL.AX, page-109
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