WDT - Wellington Drive Technologies

[Lizard]

Oh come on Winner, these MCN's a sure thing with that conversion formula... just made the shares a tad more dangerous given the possible odds on a conversion price spiral...but provided it's the shareholders with the MCN's, the conversion formula should take with one hand and give with the other... (Forget that the coupon is same as money on term deposit for 3 years - and perhaps no consequences for non-payment).

[winner69]

Oh come on Winner, these MCN's a sure thing with that conversion formula... just made the shares a tad more dangerous given the possible odds on a conversion price spiral...but provided it's the shareholders with the MCN's, the conversion formula should take with one hand and give with the other... (Forget that the coupon is same as money on term deposit for 3 years - and perhaps no consequences for non-payment).

Think I misread the Ann and assumed ther were already some MCN in existence and it was only those holders who were going to get more.

Seems ALL shareholders can buy this term deposit (oops MCN) and hope for th best

Sure fired up the shareprice today

[winner69]

I didn't realise the auditors didn't entirely agree about the interpretation go a going concern

Emphasis of Matter

Without qualifying our opinion, we draw attention to note 2 (a) to the financial statements which describes the basis on which the Directors have adopted the going concern assumption.. Maybe this injection of cash was urgent




The financial statements have been prepared on a going concern basis which is dependent on the ability of the Group to achieve forecasted cash flows, the outcome of which is inherently uncertain, and additional shareholder or alternative funding may be required to enable the Group to continue as a going concern. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Group’s ability to continue as a going concern.

The financial statements do not include adjustments that would result if the Group was unable to continue as a going concern.

[winner69]

Update on Shareholder Equity position - over the years $114 million of contributed share capital (real dosh punters have pumped in on a regular basis) has been turned into $9 million

And they still want more

[percy]

Update on Shareholder Equity position - over the years $114 million of contributed share capital (real dosh punters have pumped in on a regular basis) has been turned into $9 million

And they still want more

Oh Dear ???
About time they asked Suzanne Paul to become chair;"but wait,we want more!!!!!

[winner69]

Oh Dear ???
About time they asked Suzanne Paul to become chair;"but wait,we want more!!!!!

We shouldn't dwell on the past Percy

They are about to turn what's left into $100 million and get back to square one

[percy]

We shouldn't dwell on the past Percy

They are about to turn what's left into $100 million and get back to square one

Most probably need another $500 mil of capital to achieve the $100 mil target???!!!!

[In4a$]

WDT up 30% today. Yee-haa!!!

Sell, Sell. quick before it dops 50% again !!!

[percy]

Sell, Sell. quick before it dops 50% again !!!

My thoughts too !! lol

[zigzag]

My thoughts too !! lol

More negativity. Some people will always see a dark lining in every silver cloud.