Well - they are up 16.3% today on good volumes. Not everyone seems to agree with you...
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All I hope is that Hunterhall have more information than we do about how WDT's cost reduction programme is going. Hopefully it is positive and swayed their decision because it won't take long to burn through 8 million as their sales continue to increase unless they actually DO significantly reduce the cost of each unit sold rather than just talking about it!
Fingers crossed they will produce some figures around this when they come asking for more cash rather than just using fluffy words as they are soooo good at!
I didn't participate in the last cap raising as it wasn't underwritten and their figures seemed hugely optimistic.
I wonder if the one announced today will be?
There are a number of things about this company to wonder about...
.....hunterhall are hardly going to throw $8m at any company without firstly having done their due diligence..............................surely????
Maybe 3rd time lucky for HH .... after losing zillions on Feltex and NZ Farming Systems
And this is pretty heavy averaging down for them as well
Green all enthusiastic and optimistic
http://www.nbr.co.nz/article/welling...aisings-110781
Hunter Hall taking 85 mill shares is pretty dilutive for existing shareholders ... so sahre of the huge rewards being watered down for many
Though I was surprised to read this a week or so ago - "The largest disappointment of the result was the announcement that the Panasonic deal that WDT had been working on has fallen over," Harvey-Green says (from Forsythe Barr)
Hopefully no other things WDT had been working on will fall over