Rain Delay - T20

Sorry to disappoint @The Stig

No cricket tonight - been a bit busy, buggered and will just post a fairly generic (though longish) summary as haven't gone over all my notes properly to work out the batting order - that and I still can't find my bl@@dy notes from my last registry visit earlier this year

May add some other bits over next few days or present the cricket again - see how I go.

So....anyway, been in to check the Registry and before anyone asks, I won't provide further name details / numbers etc. out of respect to those holders and agreements I signed while there (not going to cross any lines) but I will say.....

I'm personally happy enough with what I saw and if anyone else needs to, you can always contact the registry direct, pay some $ and get further details.

There have been changes to the T20 side since the last Annual Report 2014, as well as from the list I made earlier this year as some names r new from what I recall of the last visit. This reflects a positive move over the last 8 or so mths to other new larger holders obviously embracing the Tech direction as well as Broker Nominee accts - not our everyday local retail Brokers we used to (and I can't see if 1, 2, 10 or how many holders in there overall) but all have quite substantial holdings IMO and these are outside the main public ones we know being Liu, Walker & Dai.

I didn't have time for full viewing but skimmed purely for larger holders from 1.5 - 2m upwards to get a feel of the registry and I haven't gone completely thru my notes yet to cross match everything as I said previously.

However, on quick calcs on just a dozen or so largest holders / nominee groups I can see in my notes, they would altogether hold some 130m odd shares or around 55% of the registry. There are quite a few others in the 1.5 - 2m range that if added in would maybe take the holding to 65 - 75% of the register in, what appears to be, relatively safe hands of maybe 25 - 40 holders / nominee groups.

We only have some 241m shares out there currently with an increase to come for WBT allocation and possibly 100m or so for CR. Would still be appear to me to be reasonably tight register in the end as the increased shares issued will be to the WBT crew who created this tech opportunity, have done the hard yards and earned them and hopefully only a handful of new Sophs / Instos.

Bodes well IMO that:

1. The changes appear to be to holders happy to invest big and hold, seeing the bigger picture & bigger returns unfold in due course and...
2. None of these holders appear to have been in the wholesale panic dump last week - that would be "mostly" us retailers I reckon ....lol....and...
3. Being, most of the register appears held by some shrewd investors and probably not a massive amount of free float at this point (from what I can c anyway), I expect if "any" positive catalyst comes to move the SP - it will most likely move swiftly. Think it was jazz who also said earlier that if a run happens it could be like the example stock he used or others I can think of.

Downside though for retailers at the mo after the dump:

1. Larger existing holders r maybe smarter 9or better connected) than us, have got in earlier and bigger and still holding and most likely happily set. So prob not expect them to be jumping in right now, as no real need for them I suspect...and...
2. Damage done to SP and needs to recover slightly I feel for the CR - purely to make it simpler.

Upside to all that though - SP is at a price where IMO is way oversold FA & TA and represents pretty good value.

Obviously, always risks with this end of town but last week appears to be an unfortunate aberration due to a poorly worded Ann as we have already come to a conclusion about.

Now, we will see if the mkt starts to wake up again to where we are in the timeline (pointy end now), what the potentials are (tech & partners) and where this could go in a relatively short time frame.

The amount of research presented by many (they know who they r) on these threads is exceptional IMO and up to individuals themselves to join the dots and get comfortable with what is presented to them in conjunction with their own DD....or don't - personal choice.

It's a pleasurable thread to be a part of with each bump, down ramper and concern met, discussed honestly and openly without malice (bar the bl@@dy lynch mob last week...lol.. ) with an exciting tech opportunity to believe in and a driven, intelligent and capable Mgmt ensemble at WBT who I believe can drive this forward - whether it's in 3, 6 or 24 mths - they will move forward IMO.

Still, there are no guarantees in life (except death & taxes as they say) and always inherent risks this end of town however, lets say it another way......people sometimes can't see the forest for the trees

GLTAH and TGIF.....

Couple of tracks from me cause I feel like it......nice w/end all...