WGL should be planning their marketing campaign with $2.1M in the bank for WFI.
I believe the market has factored into the SP $2.1M cash which gives $7-8M worth of value (which at this stage I still think WGL is overpriced). I haven't seen a R&D submission ever been rejected but it is as usual with WGL taking longer than expected..
Look at FZO - Kicking massive goals in Family Protection suite. They have actually done the opposite when launching their product... FZO 15c to 60c and WGL 4c to 1c in the same period of time and WGL had even launched their VPN.... Slow claps for WGL...
Still haven't hit that magical 1c mark today again with 0 volume. Will wait for someone to line wipe 0.009c again rinse and repeat...
I dont think wangle will be over 1c until they have proven revenue and significant uptake and retention... We have seen what has happened to the FAILED VPN model - 20,000 users downloaded and how many remain? This will deteriorate until there is 0 users.
WGL Price at posting:
0.9¢ Sentiment: None Disclosure: Held
