WGO warrego energy limited

Hi all I have decided to not participate and while there is a...

  1. 4,944 Posts.
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    Hi all

    I have decided to not participate and while there is a chance this thing could go I just don't think DC has managed the risk well enough for me to justify putting in for a third time on top of my initial investment well over three years ago.

    At the end of the day what will happen will be a '1 for 10' consolidation and we will still be at the embryonic stage of this companies life plus the fact there is going to be a heap more dilution as DC sells off part of the company to make a deal.

    I don't think we are in a good position ATM and others will know that.

    It's going to be a case of beggars can't be choosers and we will have terms dictated to us.

    Cheers
    BW
 
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