TSXV:WEE.H - Post by User
Post by
astuteinvestor1on Jun 20, 2019 1:56pm
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Post# 29845615
Answer from anyone welcome
Answer from anyone welcomeThe crux of WEE's problem is repeat orders. Ask management why clients don't place repeat orders. They give you a song and dance. The only exception was Saudi Arabia where there was a repeat order. When you have quarterly sales of $1,000,000 after 10 years, it tells me that the technology may be OK and not a must have. The price of the stock has nothing to do with the price of the commodity. In fact the recent highs were registered when oil prices were not at at a high. When oil traded around $140 WEE's stock price did not respond corespondingly. Appointing a distributor may reduce S&G but does not push WEE's products. A distributor basically is a warehouse who will provide the product if asked for. It's not a must for the survival of the distributor. It's about time senior management take a pay cut and appoint a good salesman in Saudi Arabia and work with him for atleast a year. If not this company will die a slow death. I have cut my holdings by 50% and taken a substantial loss. Unfortunately this stock may hit new lows in the near term.