WDT - Wellington Drive Technologies

[Balance]

As my professor used to say, don't be like a moth to fire.

Look at a moth which has a morbid fascination with the naked flame - it flies at it time and again until all of its wings are burnt off.

Then, it drops to the ground writhing in pain and dies a slow death.

That's WDT for those who WANT to believe, against all the infor.

[percy]

Percy. 1987? That is a bit of a stretch, to say the least. Wasn't it called Cadac back in those days? That's like comparing Hellabys with Renouf, except that HBY has been turned around, while at WDT it is a work in progress.

No I think Cadac came later.!!
Was out of one company,then Aorangi Holdings,before becoming Cadac !!!! Or was is Cadac then Aorangi!!!?????
Funny enough I nearly brought a heap of Renouf for about half a cent when they were in receivership,!!
The trick was if the company kept the share register open, there was a good chance of it being revived.
But there was no market,so you had trouble finding a seller.I was very poor at the time.Think I could have afforded about 100,000 to500,000 at half a cent but he broker who had then needed me to take 2million.!!!
Did fabulously well buying Smiths City shares when they were in receivership.

[craic]

Anybody remember Australasian Breeding Stables? they eventually morphed into Strathmore. When Strathmore, through mismanagement, came up against a brick wall they gave away one of their subsidiaries, Wellington Drive Technologies, to their shareholders of which I was one. I would love someone to put a date on that event - I've been retired just on 12 years and I'm sure it was before that. I hung in for a while, listening to the promises coming in faster than the price went down, then dumped. It amazes me that their is still a faithful out there waiting for the second coming.

[Balance]

Anybody remember Australasian Breeding Stables? they eventually morphed into Strathmore. When Strathmore, through mismanagement, came up against a brick wall they gave away one of their subsidiaries, Wellington Drive Technologies, to their shareholders of which I was one. I would love someone to put a date on that event - I've been retired just on 12 years and I'm sure it was before that. I hung in for a while, listening to the promises coming in faster than the price went down, then dumped. It amazes me that their is still a faithful out there waiting for the second coming.

I sat in on a presentation by Ross Green back in early 2001. Remembered his pitch very well as he sounded most convincing - their latest innovation at that time was going to revolutionize the small motor market. Electric toothbrushes and windscreen wipers were two examples used. Shareholders were going to be in for a bonanza.

All sounded good and some of us were ready to buy on market - until he brought out his begging bowl and wanted more capital!

The rest as they say is history.

[whatsup]

Anybody remember Australasian Breeding Stables? they eventually morphed into Strathmore. When Strathmore, through mismanagement, came up against a brick wall they gave away one of their subsidiaries, Wellington Drive Technologies, to their shareholders of which I was one. I would love someone to put a date on that event - I've been retired just on 12 years and I'm sure it was before that. I hung in for a while, listening to the promises coming in faster than the price went down, then dumped. It amazes me that their is still a faithful out there waiting for the second coming.

Craig , From the 2004 investment year book,WDT, was established in 1986 to commercialise various electronic brushless motor design inventions of a N Z er, Peter Clark A major reorganisation was undertaken in 1998 .
A 32% interest in the company owned by listed Strathmore Group was distributed in-specie to Strathmore share holders in 1999 as a part of its own restructuring , after several years on the unofficial market stock market listing of the shares was achieved in Feb 2001 without the need for a public issue.

[silu]

I sat in on a presentation by Ross Green back in early 2001. Remembered his pitch very well as he sounded most convincing - their latest innovation at that time was going to revolutionize the small motor market. Electric toothbrushes and windscreen wipers were two examples used. Shareholders were going to be in for a bonanza.

All sounded good and some of us were ready to buy on market - until he brought out his begging bowl and wanted more capital!

The rest as they say is history.

We probably sat in the same presentation.

discl. was briefly a holder back then

[percy]

Craig , From the 2004 investment year book,WDT, was established in 1986 to commercialise various electronic brushless motor design inventions of a N Z er, Peter Clark A major reorganisation was undertaken in 1998 .
A 32% interest in the company owned by listed Strathmore Group was distributed in-specie to Strathmore share holders in 1999 as a part of its own restructuring , after several years on the unofficial market stock market listing of the shares was achieved in Feb 2001 without the need for a public issue.

I brought my WDT shares through Sharemart.
Does any one remember Enzed Technology and Primacq Holdings ?

[craic]

I seem to remember that when I got mine from Strathmore, the price was around 70cps and there was quite a bit of enthusiasm publicly - I remember solicitors talking to me about them during the boring bits in courtrooms. The motor was being field tested in the States in Trucks? from memory. I waited a while then dropped them because my position with innovative technology was and is that if it doesn't grab the market straight off, the Chinese will "invent" a cheaper version that will. I had the same result with Sealegs. A great idea, but far too expensive to gain the immediate penetration of the market it needed.

[winner69]

I am pleased that the the Board of Wellington Drive Technologies is pleased to ask shareholders for more money

Does it only relate to these MCN things? Meaning most of you guys are screwed again?

Who holds these MCNs besides Superlife

[silu]

More money. Growth strategy. I've heard this more than 10 years ago.