Australian (ASX) Stock Market Forum

WFL - Wellfully Limited

What a story... o_O

I suppose if someone is isn't on creating a new reality and they can persuade enough people to believe their pitch and throw money at it that's business ? Maybe ?

Is there any overview by the ASX or other orgs on examining prospectuses when allowing companies to be on the Exchange ? Or is it simply a free market and potential investors do their due diligence ..
 
the spin may be terminal. Beep beep, pull up. Ground impact imminent

Called it to perfection @peter2 on 21 Sept. ✅

Has WFL finally found bottom, or is it just a temporary reprieve?

They have just signed a partnership with BORK, a luxury consumer brand and retailer, that will expand reach of Wellfully's products into Russia and CIS nations. The agreement, valid to 1 September 2022, is forecast to deliver sales of A$2M to Wellfully with their first order valued at over A$700k already received.

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Came up in a scan today, P&F pattern I like and the bar chart looks interesting. Notice tech/a wanted it for the comp. Had a look at what it does and I'm afraid it is all mumbo jumbo to me. Perfect spin for these types of products I suppose. Even if it breaks, I will think twice - don't like companies/products I don't understand even for quick trades.

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Noticed today's price break-out to new high on this newly listed company.

I've not seen such a dazzling composition of market spin since reading the AKP reports.

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Wellfully is in the news again.

Complete with colourful board characters.

From The AFR's Michael Roddan this evening. .

Bad stench wafts in from Wellfully​


Most people know that companies hawking “wellness” products are mainly in the business of selling dressed-up bull****.

But from the looks of it, ASX-listed penny stock Wellfully can’t even muster the courage to disguise its turds in a little glitter.

Take a whiff of the $2.3 million placement Wellfully launched in early October, led by Perth stockbroker CPS Capital. A subsequent announcement noted that, as part of the placement, Wellfully had signed up a new contractor, Dyamond Trading and Consulting, which it had tasked with ensuring “a robust monitoring of social and business media forums, and where appropriate, correcting any misleading or inaccurate statements made on those forums”.

For this job, which appears to be wholly constituted of lurking on gruesome online forum HotCopper, Dyamond will receive 5 million fully paid ordinary Wellfully shares.

And that may not be the worst of the innards of WFL from what Michael Roddan relates.

gg
 
Wellfully is in the news again.

Complete with colourful board characters.

From The AFR's Michael Roddan this evening. .





And that may not be the worst of the innards of WFL from what Michael Roddan relates.

gg

"Wellfully can’t even muster the courage to disguise its turds in a little glitter"

Gold.
 
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