WSR 12.5% 0.7¢ westar resources limited

Ann: Notice of Meeting, page-5

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  1. 4,593 Posts.
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    I follow WSR as they are a potential competitor to NEA which I hold.
    If I was a WSR shareholder I would be very concerned about that infringement paragraph.
    Litigation can drag on for years. I would also be concerned about the fact that the SP has gone from 1c to 6c so quickly, the Co. is in its infancy and there is a CR coming up at 3.5c. Also, NEA have such a big headstart.
    This is not a down ramp - I would buy into this in a heartbeat if I thought the returns would be there. At the moment I don't.
    On the plus side, the technology looks good and they have attracted some heavy hitting investors. I think they also have some good technical people.
    If I had been fortunate enough to get into this in the early days I'd be selling and happy with my multi bagger.
    Good luck with it though.
 
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