WFL 13.8% 16.5¢ wellfully limited

annual report

  1. 3,966 Posts.
    first point to make is that they want an extension to the performance shares. I have no problem with this if they deliver the goods, but in saying that I think drug delivery just got extended by about 12 to 24 months.

    Secondly, and most importantly to me, is they seem quite upbeat about the cosmetic side of things. They must be keen on getting the patents first as they wouldn't even show a picture of the cosmetic applicator.

    If they can get the cosmetic applicator to commercial then they can root around with the drug delivery as long as they want. There's plenty of potential revenue on both sides of the fence. I also thought the skincancer drug delivery was eyecatching to say the least.

    Time frames are anyones' guess but I think the technology is marvelous and will find a market eventually.

    The Company’s hardware implementation program had two separate development programs running during the
    The first was the design and development of the Cosmetic/ Life Style Delivery
    Systems that would form the back-bone of the Company’s push into the
    cosmetic and lifestyle sectors and the Drug Patch / Watch Patch device that
    would underpin the Company’s collaboration and medicinal drug delivery
    Due to the commercial opportunities, low regulatory barriers and earliest
    market entry point, the Company made the cosmetic development the
    priority for the development team.
    By the end of the reporting period, the product’s design was completed,
    engineering tested, pre-market samples under productions and the first
    cosmetic formulations developed.
    Manufacturers and fabricators with the necessary International Standard
    compliance have been selected. No images of the cosmetic device are
    provided for reasons of commercial confidentiality.
    Much of the engineering effort in the development of the cosmetic device
    will form the basis of the new watch patch development, which is expected
    to reach functional testing phase by the time of publication of this report.
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