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ericson

1,810 Posts.

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20/01/20

04:26

Post #: 42463189
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Originally posted by insaf ↑

That's precisely my point ericson - when people say that holders are responsible for their decision to invest one of the issues they forgot was that shareholders never got a chance to base their decision on the project or strategy. It was suspended at the the very point that the strategy was meant to commence.
One can invest on an assumption snd if it doesn't come through or eventuate and the sp drops - yes it is a spec stock. The same goes for wfe going i to suspension but not being able to recomply and we do not execute , like glv - sure that is also the investors responsibility. However management has kept this in suspension and many unooficial and official reasons have been put forth - from unfair treatment by asx to nsx listing to lse to whatever. Yet nil compliance is the basic requirement and wfe is not even off running to base 1. One has to ask why the financials are not completed. What is being hidden from shareholders. Sure it cannot be difficult to cone up with sone financials for what is a startup - we are not talking an operating business with various complexities. The more im starting to believe this was all an aim to create st wealth for the insiders and the supporters who would then suck in the retailers to carry the can. This is a oattern with jb JB companies - the ahmed brothers and other similar holders appear in numerous companies and buy in early at low sp and also partakes in cr at low prices. the only issuissue with wfe was the usual cycle was allowed to be completed. many of the holders were stuck by the unexpected suspension.

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hi insaf . If this is what asx are protecting against then they have my full support and it’s very concerning requiring investigation . If this is the case then I only hope it comes out in the wash ... for obvious reasons . I continue to wait .

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Held
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