The executive group between them have invested approx $16,000 invested. There financial commitment to the company is minimal.
If it fails, they just move on.
Walker is not starting out looking for an opportunity to make a name for himself. This exercise is like new toy to amuse himself.
The shareholders will not get another shot after this CR.
If this group of "executives" fail in the next 12 months to either establish revenue of note or a major collaborative deal, the company will once again become an item on the stand of a white goods store with a smooth talking salesman spruiking the rinse and repeat features of the new product.
Laughable
PS The bull.... that was touted 2 years ago by Gitmans and his honchos when this thing was launched and what the shareholders have been subject to by the following group of "executives" over the ensuing period is a sad reflection on the bottom end of the ASX.
WGL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
