I really can't see management coming to shareholders again. 65c, 50c and now 14c. Even if we got new shares at 10c, who in the hell would pump more in with no guarantee it will survive. I for one will not put another dime into this disaster zone. It is falls it falls, I mean most of us have just about lost the lot at these levels anyway, so why tempt fate again. Bottom line: WDR is a farce and I just keep kicking myself for being so foolish in the first place in believing all the hype and not truly looking at what a tin pot operation it was. Big names mean nothing. Anyone old enough should remember a company called Pasminco. They all said it was backed by the Melbourne establishment and they would never let it fail. Well it did. When you are a billionaire a loss of $50-odd million is nothing. For the little guys losses really hurt.
WDR Price at posting:
14.5¢ Sentiment: None Disclosure: Held