WFM 0.00% 3.9¢ webfirm group limited

way over capitalised, page-29

  1. 619 Posts.
    Bill. I don't need to downramp this stock. The figures being released to the market and it's history speak for themselves and are pushing the price down themselves.

    Why not send an email to the CEO and ask him where the money has gone? Why its burning through so much cash?

    This company, as many have agreed to here, is not worth 100 Million. If you think it is, good for you.

    There is also a history of mistakes and mismanagement that have occurred over the past few years. Revenue figures speak for themselves. Coming out to the market and saying search advertising doesn't work is like Andrew Hilditch saying Nathan Hauritz has a brilliant bowling record in India.

    Yes, this company has potential. As I mention the board is full of experienced players. I see many of the managers have been removed over the last few years, yet the CEO survives on his nice pay packet. Why?

    There was a point in WFM's history that the company was profitable / close to profitable. Back then its market CAP was no where near 100 Million.

    In relation to evidence / facts etc. read their announcements. If you have been following this stock for as long as I have you wouldn't be asking these questions.

    If you honestly think this stock is work $100 Million, then go ahead and buy more shares. Knock yourself out.

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    DYOR
    My views are my views, seek financial advice.
 
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Currently unlisted public company.

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