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48.7¢ wattle health australia limited

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ryan099

68 Posts.

11

04/06/18

03:32

Post #: 33464908
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Originally posted by topwon ↑

I just want to clarify some facts as you and others on this forum appear to be under a miscomprehension as to why a raising was done at such a large discount to the last traded price. As a shareholder, I am very grateful that management has decided to preserve capital and provide an opportunity for shareholders to be part of the growth of this great company. I know it is financially difficult for some shareholders to take advantage of this opportunity but I sold NUH (which I also believe is on it's way to higher prices, and currently under-priced) to participate in this raising.
The long trading halt was not due to a tight cash flow but because after several weeks of negotiating with Brokers, who wanted a big cut for doing very little, they decided to tell them to get stuffed and reward their loyal shareholders with a raising at a cut price. With CDFA imminent, a monopoly of the organic market and a huge boost in production it won't be long before this is pushing $3.00 again, and beyond. Put quite simply, the company had to expand because their previous production rate just couldn't meet demand.

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WHA Price at posting: $1.47 Sentiment: Buy Disclosure: Held
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