WKT 4.55% 10.5¢ walkabout resources ltd

It’s all coming together!!! Nicely, page-460

  1. 16,429 Posts.
    lightbulb Created with Sketch. 6956
    Good Morning Blitz,

    Stop being childish, You cannot blame me for your own investment failures.

    If you wanted to point the finger at anyone, I would start with the WKT board.

    DIdn't they try to raise $20mil from institutional investors when the company had virtually zero funds in its accounts which resulted in the company needing to offer a ~40% discount to the SP to secure 1/3 of the funds they required?

    Then we had the company enter into a convertible equity arrangement where the investor has already shown they are only interested in selling their shares on market rather than investing long term in the Lindi Jumbo project.

    We also have the failure of the SPP, where existing shareholders failed to raise the funds required, WKT almost needed all of the underwritings for the SPP to be successful and Mike the Chairman reduced his underwriting after buying $20k shares in the one weeks SPP extension.



 
watchlist Created with Sketch. Add WKT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.