TSXV:WEE.H - Post by User
Post by
otcmoonboundon Apr 05, 2010 12:35pm
479 Views
Post# 16956718
Huh?
Huh?"As at November 30, 2009, the Corporation had 157 confirmed Powerwave licenses, inclusive of 36 Powerwave licenses related to the Subdireccion Tecnica de Explotation, a department of Pemex PEP (“Pemex”) and a minimum of 35 to the Alberta Powerwave project clients (see above results discussion), with 33 plus clients."
Since then, we have news releases about new licenses:
E Alberta (35-50)
West Texas (?)
S Alberta (?)
Utah (16)
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TOTAL (51+++)
Today's news release says:
"Wavefront has currently secured 166 Powerwave licences. There are an additional 93 licences pending. Of the secured licences, 56 Powerwave systems are installed, with the remaining backlog of tools slated for installation in the near term. The company's immediate action items are to install the backlog of tools and to convert the 93 pending licences to confirmed licences and revenue-generating installations."
How does going from 157 to 166 confirmed licenses reconcile with 51+++ announced confirmed license addtions. Something doesn't look right here.