I have read what previous executives of Wangle said - Mr Haythorpe and Mr Gitmans told me in an official announcement relating to a billion dollar market that Wangle was about to embark on an incredible journey.
Both resigned and the project has never been heard of since.
So that was PR bull....
Now we have the recent statement from Mr Walker.
Will this lead to more of the same with sloppy administrative cockups and subsequent corrections whilst the funds from the CR are once again eroded to the extent that there will be no second chance for shareholders.
or is he the real deal.
He made the following commitment - let see if the actions match the rhetoric.
If he is part of the revolving door process, then the shareholders funds go with him and the company becomes a rinse and repeat to do it all again under another disguise.
Imagine if you went to family, friends and those with funds and said - lend my $4,316,000 and then after 2 years you returned to them with the news that you had turned that into $12K.
Now they have come to the party and given you another $3,000,000.
So in 2 years the company has access to $7,316.000........
and now another corporate director is appointed and says "I look forward to expedite the commercialisation process and unlock shareholder value"......really.
We were told of grandiose plans 2 years ago to unlock shareholder value. Only to be presented with the revolving door of 7 executives in 2 years which has delivered a share price of .003c with massive dilution, trading suspension from administration cock ups and associated issues.
Look forward to observing Mr Walkers contribution.
WGL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
