Short Term Trading - Week Starting: 14th June, page-244

  1. 262 Posts.
    STTCOMP WGL, FA LONG

    Wangle Technologies Limited
    Disruptive Global Data Market Application

    WGL has been struggling to make a launch of there highly anticipated app over the past several months and just experienced another delay. The delay is actually great news for long term, which highlights that WGL are focusing on making a successful launch the first time. WGL is currently experiencing a significant sell down (15%-20% in the red) and is an opportunity knocking (IMO) with a solid bounce off 3c, I believe the reversal has started. Its a classic example of in-paitience holders transferring wealth to the patience holder.


    'Wangle Technologies Limited (ASX: WGL) (‘Wangle’ or the ‘Company’) advises that compliance with the Data Interception and Data Retention obligations as a Carriage Service Provider (CSP) requires additional functionality than what was previously contemplated. As a result, the release of its consumer iOS and Android App will be put on hold until these matters are addressed.'
 
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