Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s): WFTSF

Energy Oil & Gas Equipment & Services

Wavefront Technology Solutions Inc. is a Canada-based company engaged in the advancement of dynamic fluid injection technology for oil and gas well stimulation and improved/enhanced oil recovery (IOR/EOR). Through its Powerwave technology, the Company allows the oil and gas industry to place fluids into the reservoir. The Powerwave’s fluid pulses divert injected fluids away from established flow paths, achieving fluid distribution. Its 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. Its Primawave process is a method for aiding in-ground environmental remediation clean-up strategies at 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.

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Post by AboveBoardon Jan 10, 2023 8:22pm

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Post# 35214744

Update

Wavefront continues to work with representatives of a number of clients for the collection of all outstanding amounts owing to Wavefront, which, if all collected, would put the Company in a positive working capital position," said President and CEO Brett Davidson. "A positive working capital position will permit Wavefront to seek to commence its audit (subject to auditor availability) and complete as soon as practical the annual audited financial statements, annual management's discussion and analysis, and certification of the annual filings for the fiscal year ended August 31, 2022," added Davidson.

some speculation/thoughts....

1. Collect cash.

2. Audit
3. Get trading again
4. Restructure to bare bones?
5. Possible deal? Financing?

The data collected for 20 years or so has value imo? If patents expired, it shouldn't be a deal breaker? I'd assume it is not that easy to put a tool on a multi million dollar or billion dollar oil field and hope it works properly. The know how is significant. Wee has the Know-how.

if Brett gets things sorted out, this could be a wake up call to push for a sale or allow another group to oversee operations? To be fair, the covid nonsense was a huge roadblock for wee and many companies. Will wee prevail? Wee May be surprised?