Great posts FMF....Yes I understand DB how you feel after two years of juvenile no-speakies from the erstwhile management of WBT but I tend to favour FMF#s more positive assessment of why we might be where we are. I always remember this post from someone called observer123. I do not know who they are but they are or were close to the action and appear to have made some very astute observations in this post.
''NXR/WBT appear to lack vision, relationships, know how, expertise , depth in the complexities of biometrics, knowledge of the sciences and mathematics, connections in academic circles or a foreknowledge of what's to come in the biometric space to recover from this debacle. where the heck are the regular advisories to shareholders? wbt has a framework and ip but the executive and board are out of their depth. there was previously a competent board, clear plan and extraordinary doors had been opened. ordinary shareholders can draw their own conclusions from the history but stig and naturalfibre have pretty good crystal balls. nxr are unlikely to get 100% of wbt. ever. original wbt investors are devastared with the sharp moves from nxr backers there for the short term. it would appear caput unless ordinary shareholders can rally the original board to take control. i'm sure the founder would be interested. i'm guessing he and his bloc have 30-40% of wbt. i would imagine control of wbt would facilitate takeover of nxr. and re-listing....'' observer123 post from 13 August last year....fully 13 months ago! yes we have been waiting a long time people.
What is interesting is that he predicts that the founder and other SH of WBT should take control and oust the current incompetent incumbents....which finally has happened.
We all would agree with him regarding the way he described the WBT board just gone. I am not sure what the previous board was like so I cant comment on what he said about them. But the great thing about the new board is that they are fully committed to this thing getting off the ground because they are invested in NXR as we all are. We were all, for all intents and purposes, dead in the water with the old board and their policy of stagnation but now we have a fresh start. They have my support and as we know they have been working to get to this point for basically the whole period of stagnation that we have experiences since the Great Debacle of 2015.
So I am still optimistic....there is only up from here as we have been languishing in the middle of a black hole for two years, but now SOMETHING has happened and I am KEEN AS to see what they are able to find and do with this tech. Obviously there are hurdles to refloating the NEMEX ship but I know they have ideas and connections that they are working on but the great thing is that we have two boards now that will work together and that we is a lot to be thankful for....
NXR Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held