WAL wavenet international limited

to the shareholders, page-2

  1. 2,196 Posts.
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    if you shake a tree!!!! hong kong!! crikey i've really rattled your cage mr.stroud?? well i do eat at the old kingdom in collingwood quite a bit!!
    but shareholders, the facts remain the same, stock down 80%, zero volume (market hates the stock, even with 20 million dollars of assets, thats 36 cents a share). we are trading at 30% of book valuation. what does that tell everyone?? the market doesn't trust the management.

    only this quarter the management loaned over 700,000 dollars to the associated company, for what and on what terms?? we need this money to drill, the vineyard won't make the company, it won't go thro the roof like SIR?? mr. stroud can you confirm who owns the other 50% of the vineyard??
    we need the management to focus on one industry, exploration, sell the sheep and vineyard, free up the cash and get four drill rigs working 24/7 on all the indo projects. simple really.
 
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