Wavefront Technology Solutions Inc V.WEE.H

RE: Diognees & Oiltrader...

[diognees]

You are preaching to the Choir.  WEE as a longer term investment should pay off with a significant increase in SP
    However there are obviously some problems that Management have been struggling with for some time now

which hopefully they are close to resolving.

    I agree the PP was great for the Company and the timing could not have been better given the current Markets.
     No question Sprott et all had access to info not available to shareholders before committing that kind of money.
      However a caveat. Sprott did a PP for TCM a large moly producer at around $11.00 for close to the same amount
 he put into WEE   It wasn't very long after the price of moly crashed and he sold the shares in the low single digit range.   He also had to close a Moly Fund he started. Big losses all around.
     Sprott is one of the better stock pickers but he is not infallible.


 P.S. If you think WEE was cheap Fri wait until tomorrow morning. The US $ for some reason is rallying again and 
  oil, metals and the EURO & CDN $ are  down as well.
     The DJ Futures are down 98 pts and unless there is a significant shift in Investor sentiment before the opening
      it could be a very unpleasant day.

 

      GLTA