Dr, SRT did not make 2.9c as a shell... 2.9c was based on...

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forrestfield

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17/01/16

22:45

Post #: 16813370
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Originally posted by Dr.Seuss ↑

Thanks Forrest for that info on who took the placement. I love the fact that this is more tightly held than SRT and much of the placement went to friendly parties.
(Teck Wong - great name!)

I'm sure you know all of the following already but those figures give us a $10.5m market cap.

This means that if WPI is to run to SRT's 2.9c high pre-acquisition, we're looking at 8.5c.

The real kicker here (along with price, small float etc) is that MW announced WPI's acquisition hunt shortly after SRT (a month?), so the acquisition may be here during the next few weeks.

I'm happy to have hedged my bets with both WPI and SRT, but I've a feeling that at almost 1/3 of SRT's market cap, WPI will offer greater percentage gains from here. Even if MW delivers us a great win on SRT, the market would expect similar right here.

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Dr,
SRT did not make 2.9c as a shell... 2.9c was based on anticipation of Fintech announcement... WPI might not have that element so I would expect a run to 6-7c with EV of around 20m before acquisition.. and it might even be a stretch...

It also depends on srt performance, if srt keep performing all estimates might just blow out...

On the risk side, if srt does not do well WPI might see 2.5-2.7c again... fingers crossed it won't happen this way...

Cheers

WPI Price at posting: 3.5¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

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Dr, SRT did not make 2.9c as a shell... 2.9c was based on...

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