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WFL - Wellfully Limited

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More action today with treeshakers up to 0.070...open looks like .058

Hey 111ShareTrader....like I said I think they are on to something big in the future.....and pending 3m announcment or future may be huge.....but right now its all specualtion on pending 3m announcment.......

I do own and im up 120% in just over a month and a half.....so a sell or partial sell is very tempting....

Really could go either way....... certainly very interesting....

Aanother you may like if your into medical technology is RHT which have technology for non-invasive MRI iron liver scans.... original shareholders have been to hell and back and the company has been transformed from its early cash burning development phase into a profit maker in 2009....with its Ferrisscan technology....worth a look, but definitely DYOR...
 
Todays announcement that the MTA has been extended has clearly disappointed the market. Has anyone heard how long the extension may be ?
 
dino_palatzo said:
Todays announcement that the MTA has been extended has clearly disappointed the market. Has anyone heard how long the extension may be ?
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60 day extension has been asked for and granted to 3m according to the announcement, good opportunity for non holders to move in over the next 5 or 6 weeks, the market certainly didn't like the delay being announced today.
 
Putty7 said:
60 day extension has been asked for and granted to 3m according to the announcement, good opportunity for non holders to move in over the next 5 or 6 weeks, the market certainly didn't like the delay being announced today.
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"Sandcastles made of sand, fall in the sea.......eventually" (J Hendrix)

Though, I'm sure that another one will be built in another 60 days or so.
 
With no reference or inference to the outcome, its just a case of highlighting how many short term traders had snuck in for the quick buck.... now they are all jumping out at any cost to try and keep their capital working...

Its no reflection on the value of OBJ or the potential or likelihood of a 3M deal...

Absolute bargain now if you ask me...
 
condog said:
With no reference or inference to the outcome, its just a case of highlighting how many short term traders had snuck in for the quick buck.... now they are all jumping out at any cost to try and keep their capital working...
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I agree. It was pumped over a period of days, and now it will be dumped over a period of days.

condog said:
Its no reflection on the value of OBJ or the potential or likelihood of a 3M deal..
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..and how likely is a deal with 3M? NOBODY knows. Therefore this stock is just a plain gamble at the moment. Red or Black. Heads or Tails.
Even IF 3M like the patch, there would be a lonnnnnnnnnggggggg road full of pitfalls to commercializing this prototype IF 3M wanted to.

condog said:
Absolute bargain now if you ask me...
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..and what do you base that on?
 
How likely - who accuratly knows, but significantly more likely then if they had no trials happening.... or had no patents....theres a massive shift to as much non invasive treatment as possible due to increased OH&S, patient care, infectious diseases etc and patches / scans and any other form of technology that can achieve better patient outcomes with less risk or invasion are two massive growth areas...

Based on the potential upside if a deal is struck... is it speculation??? yes...as are 90% of stocks discussed in here.....

Whats the downside....slump till another JV, farm in, outsource, parten or other is picked up to use the technoilogy....

The fact 3M is funding the trial is a huge positive....
 
UBIQUITOUS said:
"Sandcastles made of sand, fall in the sea.......eventually" (J Hendrix)

Though, I'm sure that another one will be built in another 60 days or so.
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I don't hold this stock at the moment but my sentiments are similar, I think the SP will build again closer to the ann with a bit of turmoil thrown in between, picking the lows early might prove profitable in 60 days time, then again there is nothing to say 3m will not delay again, it's still a spec but well worth a look with the potential upside of the deal being closed, weighed against being able to pick up in the coming lows and reducing the risk somewhat.
 
Major announcment from OBJ this morning.... nothings locked in but a huge positive with a second global user under negotiations...

Its still very high risk at present as both deals could amount to "0" but looking more encouraging....

Disc - DYOR, seek expert advice, I hold, but not enough...
 
Yes it was. I don't currently hold, my money is sitting with VIL but looks to be a competition between VIL and OBJ for the close today. Slightly unfortunate timing for OBJ as I was looking to buy some next week.
 
OBJ showing its true potential signed another agreement with global partner..
Up over 30% today.

I sold half my holding and am free carried...will rebuy on correction of it comes.
Theres a lot moore in it, but its extremely high risk, high reward...
 
I pulled off a decent 9% trade on the intraday swings on OBJ today. Theres good volatility and reasonable volumes that look likely to increase as march announcments come closer. One for the trader to enjoy. ST investors its a high risk high reward punt, that could go either way and hence the volatility.
 
Ive been in an out of this thing 20 times.

Be careful today it looks like its going to retreat big time on ASX sppeding ticket response. Im not sure, but i jumped out in case.
 
It appears that the preliminary results of the 3M evaluation agreement are promising. I think we can expect the share price to increase quite over the next few weeks. After the extension of time is complete and the results are finalised and released to the market.
 
Times up - an announcment is due.

3M have behind the scenes been employing an entire transdermal department. It could be to combine with OBJ, or another transdermal provider.

Glyn from 3M stated to several people that a press release is due and that they are waiting on 3M to approve it. That in itself is positive. If 3M are still approving OBJ press releases, then one would assume at worst its an extension of testing. Which is a big tick of approval of sorts for OBJ.

Time will tell. Its a very high risk gamble, but multiple partners derisks it a little bit. Glad to be free carried on this one.
 

Morning Condog, still holding a few of these, I think the fact (or rumour) that 3m are involved in the wording of the deal is a positive, if they were going to walk away it wouldn't be required. I think you are right that more testing will occur but we will see soon enough this week, if it is funded testing by 3m it wards of a cap raising and further dillution which is always good news, also if they go another stage of testing it bodes well for any other suiters if a company of 3ms ilk is still looking, just my thoughts and it is still a spec so nothing is set in stone.
 
condog said:
Times up - an announcment is due.

...

Time will tell. Its a very high risk gamble, but multiple partners derisks it a little bit. Glad to be free carried on this one.
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It is only a gamble when you don't know the results, you don't make bets unless you are certian to win
 
Vulture said:
It is only a gamble when you don't know the results, you don't make bets unless you are certian to win
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Vulture correct - im free carried so i dont care, but happy to be exposed to the upside, on the back of a few smart trades.

Putty - extension seems likely or an MOU of somesort, funded research or development of some sort. These things take time, but its promising that 3 global coy's think OBJ have something worth investing dollars in testing.

It is however at times very ver high risk and this week is one of those times.
 
I found that annoucement today not to be as bad as indicated by the market... 6 months, seems that they are putting in a far amount of work, which to me semms like this thing is all go.
 
I agree vulture, but OBJ was loaded up to the hilt with short term traders, any change that delays timeline causes them to exit rapidly.

In actual fact its the 2nd best result OBJ could have wanted and was already priced in imo.

The best result would be a full commercial venture, but its a bit premature for that, so this in reality shows great confidence in OBJ transdermal patch. Given 3M simultaneously have attempted to employ an entire transdermal division things still look very promising for 3M, i actually dumped mine near the low today. More of a capital protection measure. I think they will test new lows again before some common sense prevails. Its only opinion so DYOR.

I will probably re enter towards the end of this trial.
 
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