WFL 0.00% 0.3¢ wellfully limited

somebody queue jumping to buy shares, page-47

  1. 3,636 Posts.
    lightbulb Created with Sketch. 1021
    Hi Ash - OBJ can probably afford to wait another 2 years if they wanted to given current available cash and no debt.

    But let's humour you for a moment and suggest that if OBJ waited another 6 months months until the share-price was at multiples to where it is now; then your current 12 month high around 8 cents looks anaemic.

    It's a juggling game for any Company Executives trying to get Institutions and Fund Managers to try to stabilise the register as they transition from R&D to Commercialised Entity. Although most would agree that these Institutions and Fund Managers have had plenty of time in the last 10 years to make an entrance, we all know they are restricted until OBJ reaches a certain level in their evolutionary metamorphosis. Although OBJ needs to act in the best interests of their Shareholders (which includes themselves), it would be foolish to believe after raising funds only a few months ago; that OBJ's current Roadshow intention is to raise further funds so soon. Institutions and Fund Managers will simply need to purchase shares on Market. And you will need to prepare yourself for the possibility that OBJ may never need to raise funds again .
    Last edited by cmk1969: 11/03/16
 
watchlist Created with Sketch. Add WFL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.