Wavefront Technology Solutions Inc WFTSF

News release

[AboveBoard]

Interesting...

The Company also advises that it intends to explore and evaluate potential strategic alternatives to maximize shareholder value. These alternatives may result in, among other things, a merger, acquisition, or divestiture of the Company. There has been no decision to pursue any specific strategic alternative. No timetable has been set for the completion of this process and there can be no assurance that this course of action will result in a specific transaction. The Company does not intend to disclose developments or comment further regarding this review until such time as the Board has determined the outcome of the process or otherwise has determined that further disclosure is appropriate or required.

[himmler]

What that news release should say is "strategic review to maximise MANAGEMENTS value" Theyve done nothing for the shareholders in 15 yrs... I strongly suspect the last run up was a play to allow selling by managements 'buddies"..no insider buying of any meaningfull volume for yrs.Doug Burger being the last one must be kicking himself for what he paid. Theres no interest in this

[Eagle1970]

This says nothing. It is a ballon to get a reaction. Every company is for sale, most do not end well for the employees or stock holders. Merging or a takeover is pretty common but normally only good for the larger of the two. It's a good out for the company that is loosing money. Normally companies look for a profitable company to buy or take over not one at .06 cents.

[tannin]

I think 'something is up', what with nr's about Brad exit and WEE's intention to "evaluate potential strategic alternatives to maximize shareholder value." And Eagle1970, our share price makes zero difference to any company that can see advantages, typically profits, from buying WEE...and of course, 6 cents would not be the price of purchase. Wee has entered a process

[Eagle1970]

That's pretty funny What does Wavefront have that anyone would want? The majority of the patents they have has expired. How many of those tools do you think are out there. How many countries have had excess and making their own.  Again what has Wavefront got, that others can not make themselves. I have read many post here that ask the question, "why have test gone well and no repeat

[tannin]

No, Eagle, I don't think that's what's happening.

[AboveBoard]

You possibly could be correct.  20 or so years of data and understanding of this specific technology has value.  It possibly would be cheaper for some oil entity to acquire or joint wavefront than risk messing up oil wells experimenting with the tech on their own.   What would the tech be worth?  10 cents a share?  15 cents?  21.5 cents a share?  More?  

[gojotv!]

One "strategic alternative" would be to get tools into the ground... When I read about engineers like Heather McPherson at Imperial Oil/Exxon looking for site remediation solutions and general EOR, I wonder if our boys have done enough to promote WEE's tools... Get them into the ground...!!! https://www.imperialoil.ca/en-ca/company/operations/returning-properties-to-productive