Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s): WFTSF

Energy Oil & Gas Equipment & Services

Wavefront Technology Solutions Inc. is engaged in the advancement of dynamic fluid injection technology for oil and gas well stimulation and improved/enhanced oil (IOR/EOR) recovery. Through its Powerwave technology, it provides the oil and gas industry to place fluids into the reservoir. The dynamic action of Powerwave’s fluid pulses diverts injected fluids away from established flow paths, achieving better fluid distribution. Its patented Powerwave process is an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock. These materials are composed of a solid matrix and pore structure, which contain fluids such as oil and gas. The Primawave process is a method for aiding in-ground environmental remediation clean-up strategies in contaminated sites. Primawave provides the environmental sector with a solution for aiding in the clean-up of contaminated sites. It deals directly with exploration and production companies.

TSXV:WEE.H - Post by User

Wavefront Technology Solutions Inc

Bullboard Posts

Comment by BenVest99on Nov 14, 2009 12:52pm

499 Views

Post# 16487171

RE: More Insider Selling

Here's some info on the seller, Roger Kazanowski....

"THE STOCK

There are 71 million shares out. CEO Brett Davidson owns 2.66 million, and CFO Brad Paterson has 128,000, according to the most recent annual information circular. Director Roger Kazanowski has the largest position at 4.679 million. Management says they have influence over 29%, or 20 million shares. The technology has consistently attracted a large institutional interest, with Passport Capital in San Francisco and Sprott in Toronto being the two largest holders I can find. The last $23 million in capital was raised at
.95 and $1.25. The $20 million before that at $1.35 and $1.80."

https://oilandgas-investments.com/oil-stocks/how-to-increase-world-oil-resources-by-10-20-very-cheaply/

He sold a little under 100 k shares recently, but he had bought some more in September. The amount sold doesn't have much of an impact on his total holdings in the company. Nothing to worry about IMO.

I wonder who's yesterday's buyer... maybe someone had a good trip...