Worthington Group - Re: WRN Stream Log - REF. FINANCING: On Friday, the...

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Re: WRN Stream Log
16:38 05/10/2014
Researcher
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REF. FINANCING: On Friday, the stock took a beating and rightly so. Why: The announcment does not make sense. For their stake they must pay £ 12.5 Mio, however CBS has no Money and if CBS has no Money they cannot execute their business-plan and if they cannot execute their Business plan, they will lose the concessions and so on and so on. Further the Statement says, that CBS would get listed in 2015. How they want to get listed if they have no Money and as I said, if they have no Money, then the stake from WRN is worthless.

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