Forum Archive Index - March 2002

["Phil Boeyen" <pboeyen@sharechat.co.nz>]

Lindley

 

Not sure if you read this story on WDT the other day:

http://www.sharechat.co.nz/news/scnews/article.php/23c9ac6a

 

Essentially, the company wanted to earn money from licensing its technology but appears to be having trouble convincing customers to sign up. They are now manufacturing 'thousands' of the motors rather than just sample numbers.  The upside: market penetration.  The downside: no fat licensing payments.

 

MD Ross Green took part in an Investor Interview last year which also might give you some further insight:

http://www.sharechat.co.nz/features/iinterviews/article.php/3b2b4a77

 

The company cranked up its marketing and sales over the past year but I guess just isn't landing the numbers.  Unsurprisingly this will be testing the patience of investors.  In the Interview Dr Green says the company had enough cash to see it thru to around the end of 2002 but they are now looking at a capital raising.

 

They seem to have a reasonable amount of interest in the technology but will likely have their work cut out for them in the short to medium term to turn that interest into contracts.

 

Cheers, Phil

(none held)

----- Original Message -----

From: Lindley Smith

To: sharechat@sharechat.co.nz

Sent: Friday, March 08, 2002 12:56 AM

Subject: [sharechat] WDT

Does anyone have any thoughts on Wgtn Drive Technology?

 

I've been quite surprised at their recent price drop. I guess their recent profit announcement is the cause, but it doesn't seem out of line with previous results.

 

I'm out of the country, have there been any comments about it's performance/future?