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Waiks

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06/04/24

16:01

Post #: 73220783
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Originally posted by TMacker: ↑

this is actually a fair post but your suggestion that the director(s) are dodgy is fairly innacurate in my view. I know you're referencing the article that was published in the AFR on 21/3/2024 by mark distefano and all in all it was a bit of a nothing article, but to be fair to the journalist a few of the things he said were actually fair enough.

to break it down quickly:
Ananda Kathirevelu: was involved in the RTO when WBT backdoor listed through Radar Iron, but essentially had nothing to do with WBT. He was just a broker and sounds like a bit of a dodgy guy, but essentially hasn't been involved since 2016 when that RTO completed. Pretty useless bringing this up 8 yrs later by the journalist.
Aerial Malik: was one of the main shareholders in WBT when it was a private company in Isreal and helped facilitate bringing it to the ASX. From all reports he's a nice guy and pretty successful in his own right. Again hasn't had much to do with the company since 2016 and I believe he sold out in 2017/2018 sometime. So again bit of a nothing point from the journalist.
Atiq Razza: this point is fair and that's not a good look what happened in 2008, but it looks like he paid a penalty and never admitted any wrong doing. From my view the experience and credentials he brings to WBT far outweighs any blip he has had in the past. It's not even a question whether you would consider not having him on your board, he is up there with some of the most valuable semiconductor personell in the world. So fair point in the article, but again basically irrelevant 16 yrs later in the context of having him on the board.

He mentions a few other things at the end which actually are fine, but largely irrelevant, the article is essentially click bait on the whole and i feel like you have given too much credit to the journalist and the article as a whole, but each to their own.

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Thank you. This is the best summary of reflections that can be taken from that article. The two main protagonists are no longer associated with WBT and the issue with Mr Raza is concluded and also not related to WBT.

Any inference that these issues are relevant to the current management of how this company is progressing is complete and utter tosh.

WBT Price at posting: $3.18 Sentiment: Buy Disclosure: Held
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