WEE Late = Now
WEE management is not a veteran crew. There is a rule where you always under promise and over deliver.
WEE has been doing the opposite - promise bullish target and they face shareholder impatience.
Anyhow, a year ago WEE was telling the market we expect the following deals to happen shortly
https://www.onthewavefront.com/Files/News/2009/2009-04-11_Edmonton%20Journal.pdf
Autralia (primawave - 1 order filled with Coffrey in January (I guess this is a start)
Brasil (... nothing)
Indonesia (... nothin)
Pacific Rimm (... nothing... 1 year ago "in final talks")
Mexico (we got it... it's PEMEX)
Multiple distribtutorship deal world wide (we got 1 Coffrey)
(Australia signed with Coffrey
https://www.onthewavefront.com/Files/Press/2009/2009-07-30_Financial%20Results_31-May-09.html)
The article also explain the break up with Halliburton...
Instead of dealing with a large multinational firm
with offices in many countries, Wavefront has
decided to set up its own network of accredited
distributors and deal with smaller companies.
"Firms that understand the nuances of the market
they are in are beneficial to us. We will provide the
training and tools, and share in the benefits. Our goal
is to have a very broad distributorship of our
technology with well-established service companies.
Halliburton wanted a big cut as being a world distributor. WEE gave em the finger eleven!
So the next major deals are:
A company from Pacific Realm, Brasil and Indonesia.
Japan too but less likely.
California could be very big too...
https://www.onthewavefront.com/Files/Press/2009/2009-03-18_Offshore%20Powerwave.html