WFL 0.00% 0.3¢ wellfully limited

Correct me if I'm wrong but the announcement doesn't guarantee...

  1. 85 Posts.
    lightbulb Created with Sketch. 76
    Correct me if I'm wrong but the announcement doesn't guarantee $150k revenue or even get the product onto the shelf, it is simply that Beauty Solutions has signed up to be an exclusive distributor, and they will lose status as the exclusive distributor if they fail to get it into 55 doors or achieve $150k in the first year.

    There is no initial sales boost and the the distributor will take a big cut of any future sales through it, so what is the benefit of this announcement other than to try and pump the share price with a notice that puts in large graphics of luxury brands that at this stage it still only hopes to be selling through, and falsely implies there is momentum. Not fishy at all that it is being issued prior to raising $3m.....rolleyes.png

    ps - I did previously hold WFL, but after the share consolidation WFL acquired my shares because I was a minor parcel holder. Now I only read these threads with some popcorn. Thanks for the show.

 
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