WRR
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0.00% 16.0¢ world reach limited

Thanks webral,WRR has negative asset backing mainly because of...

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    23/05/14
    14:14
    Post #: 13406925
    Thanks webral,
    WRR has negative asset backing mainly because of the con notes even after factoring in $2m intangibles.
    It makes sense to redeem them .... raising cash at market at double the conversion price of 0.12 is feasible ,but may not be in the best interest of directors.
    I can live with 32m shares....At $8m it is trading at x4 2014 EBITDA ,which is extravagant for a growing business.
    WRR Price at posting: 24.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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