Wavefront Technology Solutions Inc V.WEE.H

Update

[AboveBoard]

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?

[tannin]

"Will wee prevail?  Wee May be surprised?"...nice bit of word play AboveBoard. If/as/when financials are accepted and we start trading, need money, either through rejig to sell tax losses, takeover for tax losses, takeover for tax losses and spin out of operating side to young petro pro's who know what they're doing or or or. What is not possible, is to continue as before...