RE:RE:New Press Release - CORRECTION FROM SOURCE: Corporate Update
"There is no guarantee that the Company will ultimately be able to collect its receivables immediately "
That's my favourite bit of gobbledegoop from the Dec 23 'oops' news release.
Gojotv, no money for the ideas you put forward.....beside which, no talent either.
Seen many a Friday nr, but this Dec. 23 timing really takes the cake.
Well, thanks for the info Brett, talk about a day late and a dollar short....that boy shouldn't be in charge of a paperboy's route.
I understand that WEE can't collect it's receivables......aren't most from our middle eastern operations ? Hmmm, getting the squeeze from.....our Saudi buddies, or their friends in the gulf states......which receivables are we being shafted for Brett ? And how long has this being going on for...how late are they ?
And, don't understand to whom this refers "A contributing factor for the stimulation work stand-still is vendor payment delays resulting in work stoppages as third-party suppliers seek back payments for work delivered and pre-payment for future services and supplies. Although Wavefront has been given many dates for restarting, those have not transpired, and it remains unknown when stimulation work will re-commence with these clients."
Is Brad saying...WEE has stopped installing because we haven't been paid, so haven't paid our subcontractors, and subs now want full payment PLUS prepayment for next job ? If yes, then we haven't done diddlesquat for months AND BRETT HAS BEEN SITTING ON HIS HANDS WHILE THIS THING SNOWBALLED.
Also, really hard to buy that, given record energy prices, our customers have decided not to pay their suppliers, contractors, etc.....ie, HARD TO BELIEVE THAT WHAT WE HEAR FROM BRETT IS THE TRUTH.....Haven't heard squeels from any other suppliers to oil patch......have you ?