Enwave Corp V.ENW

Alternate Symbol(s): NWVCF

Industrials

EnWave Corporation is a dehydration technology company. It has developed Radiant Energy Vacuum (REV) technology, which is a rapid, low temperature drying method. REV technology allows for drying that preserves flavor, color, and nutrients for premium snacks, meals and ingredients. REV technology enables food processors to produce products that retain nutritive value, concentrated natural flavor, bright colors, texture, and physical attributes, such as puffing. Its vacuum-microwave technology enables uniform drying with flexible moisture content unattainable with Freeze Drying or Air Drying. Its REVworx is a toll processing facility that offers vacuum-microwave contract manufacturing services. It has two commercial REV platforms: nutraREV, which is a drumbased system that dehydrates organic materials and quantaREV, a tray-based system. The Company has various applications across industries, which include food & ingredients, pharmaceuticals and cannabis & hemp.

TSXV:ENW - Post by User

Enwave Corp > Brent are you even at the office? $ 0.38 cents says NO!

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Comment by Snuffyon Jan 28, 2023 7:00pm

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Post# 35252286

RE:Brent are you even at the office? $ 0.38 cents says NO!

Hey There,
I'm new to this board but have been a long term holder of ENW and would like to get my 25 cents worth of opinion online.
I think that what has happened in the last few years is a problem of trying to make some bad decisions from 3-5 years ago right and unfortunately the outcome has cost us all a lot of market cap. I applaud the management team and board for finally making a decision to wind up the company.
Lets not forget that the covid shutdown had a imposed restrictions on international travel and in case you haven't noticed this company's clients are mostly international in flavour.
At $.40 I think this is the most discounted valuation I have ever seen on the company especially when they have just made a decision to stem the loses from NutriDried. The company went public on July 14 1999 @ $.60/sh and at that time all they had was an idea and a prototype.

If you take the time to understand the financials from Sept/30th year end you will see that the shutdown is the best decision for the long term.
Enwave is a Technology/Manufacturing company with a strong portfolio of patents and proven engineering. Enwave never should have been in the consumer snack food business competing with the big multinationals.

I still love the Royalty Income aspect of their business model and they have proven that their clients will buy the technology and equipment and will pay the royalties .

So in closing I invite "intelligent comments" and replies and I really don't care if you own this stock or not.
Snuffy