Originally Posted by
winner69
....yep all $130m of capital almost all gone
There was some fandangled tech thing in 2003 which was going to be great for them ....and in 2011 some other fandangled thing ....and now being seduced by this fandangled by Internet of Things[/QUOTE
Hi Winner,
This is a very different company from the old one under Ross Green. Ross struggled to grasp the necessity of endeavouring to match the outgoings with income, other than by raising even more money from the long-suffering shareholders.
The current CEO Greg Allen has been in the job for a few years now. He has been very disciplined - every year he sets out a detailed plan for the business which is available for all to read in the company reports, and to his credit the company ticks off those targets. When he took over the company it was on it's knees. Had it not been for Covid-19 WDT would have had a very good year. We increased our investment in the company last year in anticipation of a much improved result - unfortunate timing.
I will be taking up the rights at 5 cents per share.