This is by far one of the worse investments now especially in terms of opportunity cost. I had a significant stake close to 20%of my portfolio because I believed the management was better. It is almost back at the beginning of the pandemic level. My other stocks like CCP, MQG have doubled and luckily sold 1/6 at 0.28 and, my only regret was not selling more.
The unnecessary capital raise broke the trust. The share price is reflective of that. WZR at every meeting before the cap raise said they had 30 plus quarters to fund the operations and still did a cap raise.
Hopefully, they keep delivering on growth, but for some reason, if this stops, I hate to think what will happen to the share price. They cannot expect 80-year-olds to download the app. Unfortunately, a lot of people are waiting for the right price to exit and, we will be at these levels for some time.
WZR Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
