Afternoon all
Having a hard think about yesterdays ann.
It seems WBT were unaware of the implications such a reaction the SP recieved.
I just hope a clarification is issued and soon.
As i understand it NXR probably requested a waiver of the 20cent rule to relist, which at time referred to a probably list of about 10c. Will a list at lower price a cause for further review? Unsure? Me too..
There will obviously be some implication to CR and dilution also if a clarification is not forthcoming.
On positive notes though, little has changed to the FA except they have noted there is competitors out to claim they have a superior product.....this in all honesty is nothing more than marketing and sure as eggs, time will provide the proof.
WBT just need to keep moving forward as they have for past 8 years and promote thier (our) tech irrespective of competitors claims. The reason one has R and D is to improve ones product to be superior, not be disheartened by others efforts but be encouraged.
Analagy
Your down 1 nil in first half, do you walk off abd not come back or do you score 2 goals and win?
Yesterdays ann was just very poorly written and not considered or proof read properly.
@FullMoonFever summary was pretty spot on.
I also want to point out i am still holding and not sold a share so i still believe this a blip we will recover from, however a clarification needed.
Cheers
Low SP...concern
Currently unlisted. Proposed listing date: WITHDRAWN
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