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

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Comment by Baxter4on Apr 12, 2011 10:25am

346 Views

Post# 18418551

RE: RE: RE: Answer for the panic selling

I saw the share price drop at the opening, saw the Reuters short article about WZR being worried about being a going concern and decided it was better to join the lemmings and take a small profit rather than watch the share price drop further. I sold all my shares (I only had 8000) at 55 cents but I do have a bid in to buy them back at 45 cents.

Someone commented earlier that WZR has sufficient funding for the sidetrack and the next well. With Talisman not participating I seriously doubt they have enough unless everything goes perfectly. Given their track record, it ain't going to happen. The Chinese will buy them out before they declare bankruptcy.

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