The easy cash access for micro caps has gone.
Finished.
Those companies with greedy/sloppy boards/management that have been underperforming for years with bundles of free shares and no revenue are now up s... creek.
Products in the arena WFL operate needs millions upon millions spent on marketing to compete in this mainly non-regulated segment of consumer products.
WFL has no cash.
2023 will be worse for such companies as inflation bites. The world of imagery created by so-called marketing "influencers" will disappear down the drainpipe.
Consumers will now and in 2023 and beyond be in a "changed" spend zone.
Those companies with established products that currently have a repeat customer base providing revenue along with cash backing will survive the next year or so whilst the financial markets sort themselves out.
The rest with no revenue/cash and revolving board members...the free money has gone and that only means one result.
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