But why change a winning formula? Surely the game plan is to see if they can make it through to the 50th anniversary without ever turning an annual profit. That would be a mighty achievement by any standard!
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So who is taking up their issue shortly and after that as its underwritten how many shares will be on issue ?
i didnt. but i did for CRP and i figure that is pretty much a gonna fail but couldnt resist a double down for a few hundred bucks. a fool and his money will not be spending with WDT. They were one of the first shares i bought so i just let them quietly rot in my portfolio and wince when i see their next pR.
ya, I did. I think this is the 3rd time I've said 'this is the last time.....!'
Well, this might be the last time. If they have to do another round surely there still won't be supporters...but I guess there are many who thought that years ago, and somehow here we are.
I'd eat my hat if they hit profit this year.
Would settle for a smallish loss perhaps half a million.
Still I am hopeful these new products can put them into the black......
Investors in WDT will be pleased to note that the firm has been granted some taxpayer cash in the 2013-2014 year. Not big amounts, they're not in the $15mill pool, but they received a student grant of $25,333.05 for "Fan noise measurement and improvement" and a $93,509.00 Project Grant for "Sensorless performance monitoring for refrigeration controls". From the web, Callaghan Grants list.
They might be looking enviously at the likes of Sealegs, who received a project grant of $354,981.60 for "SLG-100 Phase Two"
These in turn pale into insignificance alongside the 20% grants of up to $15mill for R&D to 57 larger firms, one of them being the international software enterprise that is SAP.
Just received WDT invite to their annual meeting - yes I have a few!
The document shows that to date it has raised a shave short of $60mil from rights issues and $47mil from share placements to date.
And it still manages to make a nearly $4.5mil loss for the yer ending 31/12/14.
Surely this must be a record, and WDT must be very very close to being the winner of the complete and utter dog of a company with no future whatsoever.
But there again I'm a little biased.
Rights issue sees $530,000 invested by management, staff and directors....cant say they are not putting money on the line