Wavefront Technology Solutions Inc V.WEE.H

RE: Brett's response

[BenVest99]

Thanks MDECO,

"It is important to note that our main client has worked very close with us as we developed the operational properties for the mechanical tool.

They remain fully supportive of Wavefront and Powerwave. I believe what has not come across in the news release related to the financials is the fact that this is the first significant size roll-out of this new generation tool and Wavefront could not anticipate all minute behaviours related to the tool design. We have made significant modifications and will begin to see the benefits of those changes."

At least we know now that the problem was encountered at their main client site. I would have believed that they would have learned about this issue before that since they have been running a pilot for two years. This will probably confirm the trial before roll out attitude that we have seen in the oil industry. I wonder how all these oil specialists have missed on a basic thing like electrical power requirement.

Anyways, what I still wonder about is why have they come forward and disclose this information at this time and not before or later. I would speculate that they have chosen to make it public because they are pretty confident that the issue is now resolved and/or they didn't have the choice because they had come clean with Sprott & all at the time of the financing. All speculation of course. Until we see more clarity on this I'm afraid that the SP will not go much higher. On the other hand, if this was one of the reason for the delayed Pemex installations, we might start to see some interesting development on that side. 

Tough days for investors, but you have to be prepared for this scenario when investing in a company at this stage of the game.

GLTA