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Aston, why do you think the deceipt would be any different from before especially now that Disasterman has decided to take the company private at the expense of Pi’s. His smoke and mirrors false information will be worse than ever now until the company is delisted and private so he can get all of his investment back, and oh, thanks private investors for funding his retirement.
As has been intimated many times before this is Masterman's way of taking this company private, it is sneaky and underhanded but that speaks to the integrity of the man. The signs were there this time last year and now he has made it happen, you don't for one minute think he is going to lose any money do you, PI's shafted, Masterman I'm OK thanks, feel very sorry for those sucked in by Masterman lies and rose-tinted brigade inability to appreciate what was really happening here.
In all honesty I would put it past it being Disasterman’s consultancy service as the vendor owed the €1 million, I appreciate the truckers strike could affect delivery of spares but is a moot point in picking up product from site affecting income as hardly anything had been produced so there is not much to pick up in any case, just the usual smoke and mirror excuses.
Troajan, thanks for posting the link to the WRES team confirming none of them have any tungsten experience, maybe that is why they haven’t delivered anything except bad news and dilution since supposed production began two years ago, laughable really don’t you think?
Troajan, all ancient history and as everyone knows well now, most of the equipment isn't even working properly, all anyone has to do as confirmation is read last couple of quarters production reports to appreciate the very expensive meccano set doesn't produce what it says on the box.
Safety, how many times in the past has the same been said every time a large investor has taken part in one of the multitude of past placings (over 75% dilution since April 1, 2021) has the same reasoning been used only for WRES failing to deliver on what they have committed to and placed further at an even lower price, did those major investors not do DD only to be disappointed at the non delivery of this company?
Put another way, there are very few avenues left for Disasterman to raise cash and unless ICD had put money in there may have been a very high possibility that WRES would no longer exist as a company, that is the ruinous mess this company is in through missed target, constant dilution, poor management decisions and misleading statements imho.
IE, why waste my time on a tiddler and irrelevant company like WRES, money to be made elsewhere and as you have so accurately captured it, you can "understand people being reluctant to invest in Wres because, if the figures are to be believed, it is not producing enough Sn and W to service its liabilities", I am here to counter the unsupported and out of date information posted by the rose tinted brigade so others don't fall into the same trap you and others have without having all of the information to decide, what they then do is down t them but hopefully they are then making an informed decision.
LOL Mullins58, how infantile, seems you aren't capable of defending your position verbally so have to be a keyboard warrior, pathetic and childish, about explains you I guess.
IE, who knows, question could also be asked if everyone is so sure the company will be a roaring success why is the sp where it is and why aren't the masses piling in to make loads of money from these levels?
2phevs, the only thing that is amusing is you think you have the intellect to outwit anyone, news flash, you don't. Please point to any post where I factually claim "wres is getting taken over in a distressed sale to ICD", it is supposition, it could happen, just like most of the garbage guesswork by yourself. You are embarrassing yourself in proving you simply aren't capable of comprehending what is being written even though you are supposedly an ex CEO LMFAO, now, are you ever going to respond to my factual observations in my 08:22 posts or will you admit to not having the answers and further embarrassing yourself?
2phevs, get a grip man, what are you on about, who is in a closed down period and who says the “take over talks” even need to take place, your low level thinking is once again letting you down ex CEO (LOL), they already own 12% of company and can buy the remainder if/when a distressed sell comes about due to WRES not being able to meet their financiak obligations, which seems imminent, do I really have to explain the very basics of busines to a supposed ex CEO, mind boggling how niaive you are. I guess you really don’t have any answers to my factual observations of 08:22, ,why not just admit you don’t have a clue?
2phevs, yawn, yawn, you just don’t have any answers other than guesswork and are just embarrassing yourself now by not providing a response to my factual observations, I expect nothing less, ex CEO, LOL.
2phevs, totally pointless trying to debate with you, once again, I see you are unable to respond to my factual observations in my post of 07:22, oh well, I tried to give to the opportunity of restoring some credibility but even I failed miserably trying to get facts rather than guesswork from you, besides that, yoh bore me.
2phevs, I see you have once again failed miserably to respond to the facts I raised in my 8:22 post, didn’t expect anything less.
Mullins, your usual wholly irrelevant contribution, nice to see you are still unable to step up your game with anything intelligent to say about the precarious state of the company.
2phevs, do you not understand what you read or are you just ignorant, 12% could just be the start of the take over as I have already tried to explain but must admit am starting to tire of trying to educate you, lesson over.
2phevs, you claim to be a businessman and then you ask as ludicrous a question as you just have proving my point beyond a doubt you have very limited business knowledge. There is NO way on this earth any outside entity would act as any form of gaurentor for any finance deal involving a company in as precarious a position as WRES, they can’t produce anywhere near enough to service their debt so no chance of anyone acting as gaurentor. I have made my views clear, there is more chance ICD will buy the rest of WRES outright as part if a distressed sell by the company, take WRES private and refinance through private equity leaving pi’s with nothing, how difficult is that to understand for a supposed ex CEO?
Safety, I ask you also then, other II investors who are significantly down in their investment, do you think they didn’t do DD then, because despite doing DD they seem to be over 60% down on their investments?
I believe ICD did whatever necessary to protect their supply chain, why do you think they did more than Ang other major (ii) investor, some of whom are over 60% down on their investment. ICD may also be looking to buy WRES at a knock down price and take it private further securing their supply chain, to me, nothing is off the table at this stage, all scenarios could be in play.
2phevs, your previous business experience is totally irrelevant when it comes to WRES. Unless you are party to the negotiations, agreements and/or contracts you are guessing and trying to make out you are in the know. Going on past record I do not believe a single thing written or spoken by this company until they can actually stick to something they claim for more than a few seconds.