WFL one of only two ASX companies with reports still overdue

A1 Investments is the other. SP 0.1c.

...What really marks out the tenure of the olympic team - right from the beginning, even before it became clear that our products were overpriced junk and our marketing plan was a pie-in-the-sky fantasy - is the unmitigated contempt the board has shown toward its shareholders. From handing Palmero a million bucks for nothing to SS blaming unhappy shareholders for the SP to the unbelievable shenanigans reported by the AFR, this company has never taken the concerns or interests of its shareholders seriously. Just consider the latest round of trading halt extensions, the cynical attempt to enter a "voluntary" suspension the day before a compliance breach would've put us in an involuntary halt, and now the total failure to even explain why results were not released on the previously stipulated date... our board and CEO think we're a joke. And, given the number of people who are still actively singing their praises (hi art, hi bean), they're probably not wrong. But it's still a shame the people who ruined this company are going to walk away with millions in remuneration while the shareholders are going to walk away with nothing but a big fat capital loss.

One thing we can do is let ASIC know if it becomes known the company has been trading while insolvent. To be clear, we currently don't have confirmed evidence of this. But such evidence will almost certainly come to light once the half-yearly disclosures are made public. Trading while insolvent is a criminal act and if WFL has been doing it then the responsible parties should be subject to the full force of the law.