What Utter Nonsense. Management has always insisted getting WFE re-listed is the main priority (focus). Management haven't even submitted the new full package prospectus to the ASX yet for review. Why would there be reason to believe ASX is unhappy? If you have even bothered to read the previous announcements together, you would've understood WFE can't submit their 2nd Application for In-Principle Advice to the ASX before they have finished TICKING ALL BOXES.
The only risk is if the ASX responds to the 2nd Application for In-Principle Advice with further requirements for re-compliance towards re-listing. That will require a 3rd Application for In-Principle Advice, further delaying re-listing.Technically, the ASX can keeping "stalling", asking for more amendments, which would require WFE to keep issuing the 3rd, 4th, 5th, 6th.....etc Application for In-Principle Advice till the ASX is satisfied.
Till WFE submits the 2nd Application for In-Principle Advice, these worries are unfounded.
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held