Wotso - Blackwall Property Trust (BWR) Blackwall Ltd (BWF)

[No Trust]

Looks like the writing was on the wall...

https://www.google.com.au/url?sa=t&...00727-p55fvv&usg=AOvVaw2d8Tfg-XtN6EsoDrgx_wrl

 

[No Trust]

This is very odd, the Managing Director behind Wotso from the inception Stuart Brown leaves Wotso after being at Blackwall / Pelorus for over 20 years...Just 8 weeks out from an IPO ???

What was behind the decision not to proceed with the $20M investment from a strategic investor and what were the regulatory considerations behind the transaction not proceeding.

Are all of the above events interlinked ??? If I was an investor in Blackwall / Wotso I would want to know what’s going on... Both are public entities and have disclosure requirements which seem very vague in these announcements...

Proposed $40M raising... Wework pulled its float in September last year...
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https://www.smh.com.au/business/sma...ppetite-with-40m-raising-20200106-p53p54.html

 

[No Trust]

REVENUE DECLINE OF 63% IN APRIL...