All the ASX have done is ensure that in the next 1-3 years WBT will look at listing elsewhere--at the very least a dual listing
Suspect this will be about the time when WBT are well established and significant revenues are near , or in play
They are likely to use this as a serious fund raising exercise as part of the floating exercise
WBT would be looking at a listing price well above where it is now, probably a t least $20 plus
Note that $200 mill at $20 would only cause a dilution factor of some 5%
Remember in $US price is only about $US12
WBT have time to work all this through
The ASX and the dumb Aussie market has little idea in this tech domain
I believe we have just had 2 fantastic announcements fully endor
sing our product, but unfortunately short term we are not in full control
Thank goodness the Board and senior management of WBT are fully focussed on business development and not the short term malaise of the local market
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