WNX 3.70% 2.8¢ wellnex life limited

Not exactly correct - Almost all of the $13m loss is by way of...

  1. 187 Posts.
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    Not exactly correct

    - Almost all of the $13m loss is by way of loan liability to Directors and staff. If they sold their shares next week that loan would be repaid in cash. It’s actually a good way to inject cash into the company and Reward Staff and Directors , given the SP is above the buy price on sale of shares ($2.15) - effectively one could argue it was a silent / cheeky cap raise.

    - you are correct the company is trading at a loss thus far. On current estimates probably run a $1.5m trading loss - (sales less expenses)

    - Is the market cap inflated based on earnings - YES, anyone arguing against that is fiscally inept (aka a moron)

    - Is the market cap justified atm ? - that’s a very different question which I won’t get into.

    Summary - the stock is held by lots of retail investors and friends of the company . They trade it heavily. They’ve made a lot of money. Information constantly leaks and SP gets manipulated.

    Recent announcements suggest they have buy orders on foot, roughly 2 million cans minimum into the Chinese market next year once CFDA is granted.

    B&P have current capacity to produce roughly 40m cans annually running 2 shifts.

    Will they sell into China ? - Yes
    Will they sell in Australia ? - not relevant
    Will they sell anywhere else in the world ? - not relevant

    The big question is will the financials of the company ever meet the current market cap. - yes they will (eventually)

    Until that day - this stock will be manipulated by those in the know and close to the company as they will continue to trade it and milk it.

    Good luck to them - everybody else can please themselves.

    There are thousands of companies on the ASX and other exchanges globally including Cryptos that are making losses and are valued in the millions and billions.

    Is the world crazy - Yes
    Is it sustainable - No
    Will markets crash because of these crazy Vals - Yes
    Will they recover - Yes

    Hope that helps at least one person.

    WR
 
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Last
2.8¢
Change
0.001(3.70%)
Mkt cap ! $35.00M
Open High Low Value Volume
2.7¢ 2.8¢ 2.7¢ $4.712K 174.4K

Buyers (Bids)

No. Vol. Price($)
3 362823 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 98647 1
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Last trade - 15.58pm 29/03/2024 (20 minute delay) ?
Last
2.7¢
  Change
0.001 ( 0.00 %)
Open High Low Volume
2.7¢ 2.7¢ 2.7¢ 90487
Last updated 15.58pm 29/03/2024 ?
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