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 > why the financing a few days ahead of these results???

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Comment by Drillexon Aug 20, 2014 9:51am

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RE:why the financing a few days ahead of these results???

No they cant wait..........they have made the decision to go forward and need additional funds NOW.
Many lead items for drilling the HZTL have to be ordered and paid up front. Initial indications point towards H1 being commercial in either the Jerebi or the Oligocene. I believe they only have production capabilty for 10,000bbl/day at S1 production facility so expansion is most likely nessesary as H1 production will most likely be transfered over to S1 production facility.
We will probablly see the second rig coming back to Garmian for a Q1 HZTL spud date as well.
So funds are needed as soon as possible.....
Regards to all

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