WKT - Where to begin?, page-66

http://www.asx.com.au/asxpdf/20160729/pdf/438xmkpr78cx82.pdf

At 30 June 2016, WKT had $1.2m.

In the same cash flow report, WKT says it intends to spend $771,000.

That leaves about $500,000 for WKT, going into another quarter whereby I envisage they will need further capital to continue their operations. Not to mention a new non-executive chairman to pay.

Then there's the tweetfest from the surfy/shaka-handsign director whose job it is to sell WKT to sophisticated investors: /

The last time they nearly ran out of cash earlier this year will still be on their minds (still waiting for that Asian cornerstone investor, I am sure): http://www.asx.com.au/asxpdf/20160202/pdf/434scrpd2hcnwp.pdf

The constituent parts of my theory suggest to me that a capital raising is on its way - this, in light of what is discussed above, since the last capital raising the clientele of the brokers appear to have sold down at near/below the last capital raising price. It will be interesting to see how it pans out.