TSXV:WEE.H - Post by User
Post by
everswannon Apr 28, 2010 1:13am
335 Views
Post# 17038191
Worst for SP is done
Worst for SP is done
Those voting the thumbs down on the deal, sold today.
Not a lot of volume, 300K.
Not a lot of Negative votes.
Financing will not drive down SP if Market agrees and is hopeful with what Management intends to do with it.
The company tripple cash and could quadruple if warrants were exercised.
Floor valuation is 2.10$ + 0.50 warrant. That warrant is worth north of 0,10$ depending on your model. Don't think the stock is going to go down.
Best way to generate rapid revenues, accelerated deployment and reduce risk (client acceptance risk) is to become a major oil producer.
WEE has done all the vertical integration possible, PE Tech was acquired and then Predator Pump.
Don't see any possibility there.
At 34M, it's not just inventory build up it's a massive oil production expansion.
The big announcement will come and I see SP skyrockting higher.