I think you're jumping the gun a bit... talking of dividends and acquisitions. WOA needs to get some free cash flow first.. to do that, they need to make some profit... to do that, they need to sell some product. To do that, they need to find a customer... to convince a customer, they need to be competitive in the market
WOA has some IP and modest production facilities. The plant in Germany having been bought at fire sale price because it wasn't making any money for it's previous owners. Even if Yaxi and the team can nail a supply deal at a good price, they'll likely need to raise more capital to scale up and the goodwill of shareholders and current funds have been drained after several years of mismanagement... It's a long climb ahead before any talk of dividends or returning value to shareholders is warranted.
WOA Price at posting:
2.2¢ Sentiment: None Disclosure: Held
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