You do the numbers on your raw materials, your infrastructure to produce the bread and you talk to mum and the kids (shareholders in your business) and you say this is great - lets go this is a great project.
The shareholders say how much bread are we making and who will buy it. You say dosn't matter we'll be up and producing in 30 days she'll be right. Shareholders pack up and leave while they can.
WCU is exactly in that position. Ready to go but apparently no markets. 30 days to go and nobody buying their bread. Where are their sales contracts? 30 days to go!!
I can't imagine why anyone would want to buy into WMC without this important information. Hope it comes soon.
WCU Price at posting:
25.0¢ Sentiment: None Disclosure: Held