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WISR Ltd V.WZR


Primary Symbol: WSRLF

Financial Services Credit Services
Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.


OTCPK:WSRLF - Post by User

WISR Ltd
Bullboard Posts
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(1)
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Post by fairfax1on May 18, 2010 1:44pm
555 Views
Post# 17110088

Who cares about the details

Who cares about the detailsI used to be in wzr in the .60s but fled after they had initial pressure problems at kurdamir and they stated the bill was $100 mil + for kurdamir. Just maybe they should have used a better, bigger rig?

Anyway, it is certain IMO that they will have spent well over their current market cap on this one well. That is an inexcusable blunder - think about that. IMO, They will not be able to find any financing at nearly acceptable terms because of their history. Investors don't take too kindly to their money being absolutely burned. I would expect major dilution if they did find anyone willing to cash them up, or maybe they just sell the PSC.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities