Reason imo : WGL has a launched product only getting better with marketing to commence.
If they were raising for "working capital" perhaps..
But people will most likely be gearing up to see if this works out... Again, imo it is already undervalued with the delays and what has been a very painful last 18 months..
WGL trading range was 2.8c - 5.7c for a while there....The upside to this tech as a few have pointed out can give meteoric rise in enterprise, security, big data and a bunch of other assets.
The new management team are big data marketers / development professionals.
I still think we may see a supplementary announcement near term if my pin the tail is right..I'm securing all the shares I can sub 2c as it is bound to run hard soon enough and I don't want to miss out when it goes BOOM!
WGL Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
