Well well Mr Stockcount sorry to hear.
See below and you will know.
You actually abused me when I pointed out many many times early on all the issues. Not as was suggested that I was a bitter shareholder, no but because I felt that anyone left in would be burnt and shoudl be advised as these guys are specialists at rebadging failed tech from OS rebirthing the tech then sucking all cash from inside sending offshore. There was only one director early on who didnt even take fees.
The tech was promising but good tech often dies in hands of poor managers.
I lost when I sold as did all.
As it died we got to watch them tell everyone all was ok while moving tech elsewhere and accruing director fees then leaving WRG dead in water with fluffy anouncements.
The blokes who do this have moved on long ago and keep cash offshore so cant be touched by https://www.afsa.gov.au/creditors/creditor-meetings/lyndon-james-ross-mitchell
see Ramtron - Newtech
http://www.theaustralian.com.au/archive/business-old/riversdale-rumour-mill-rolls-on/story-e6frg9no-1225970520369
While one destructs the other does it again.
http://www.powerhouseenergy.net/IRM/Company/ShowPage.aspx?CPID=936&EID=58147837
Pyromex is a failed biomass tech which was in an ASX option and failed DD 10 years back.
http://investing.businessweek.com/research/stocks/private/person.asp?personId=23294445&privcapId=48715049
All this was easy to find I personally liked the tech the issue was these guys rather than spend 80M on developing 1 really solid commercial pilot plant and then using the rest to go hard in a proper JV were too busy spending on first class airfares and meeting sheiks to care for actually implementing.
Does anyone know whether tech goes back to Capmbell Applied Sciences now? He seemed the one guy trying to make it work.
Sad to see we all get burnt and they wont get as much as a wrap on thier offshore funds knuckles. ....
If I ever saw tehe tech get into the right hands I would certainly have a go as it wasnt the technology that was the issue.
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