Well folks we have finally be out out of our misery. It was inevitable I guess but most of us weren't smart enough to get out. The signs were all there to see. Not to mention last Wednesday's trade when the insiders clearly got out. But we won't hear a peep out of the toothless tiger ASIC. My take on it all is that we'll get nothing back after Macquarie and other creditors. I can't see the operation resuming and hardly likely anyone would throw money at it with IO price where it is. Curtains I'm afraid. Just take one thing of the whole sordid affair: do not invest money in juniors of any kind. It is a licence to lose money.
WDR Price at posting:
14.5¢ Sentiment: None Disclosure: Held