TSXV:WEE.H - Post by User
Comment by
lockstock99on Jul 29, 2010 10:00pm
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Post# 17309196
RE: Brett's response
RE: Brett's responseThank you for posting this. I wish you would email him back and try to pin him down on whether they believe the problem is fixed or how long it will take to get the problem fixed. My understanding and inference is that there was poor performance of the newly installed tools in one ( more than one?) field with a client (Cenovus?) due to an undisclosed issue ( valve?). I further understand, infer that some of the redesigned tools have been put back to work but it is too soon to know if this will be a definite fix. Anyway, as a shareholder, I find it inexcusable that they waited until now to mention this while in the meanwhile putting out glowing press releases about rapid acceptance of the product, etc just 2 weeks ago. I also think the press release and MD&A is very vague. Maybe, if you are in contact with Brett ask them to host a conference call at the next chance so questions can be asked. On a positive note, this does not seem to be a fatal or terminal problem if they can identify and cure the mechanical defect so that maybe in 3-6 months the major client and others will expand their program. I am still holding my shares but obviously I am not happy with how they are going about disclosing this