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Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s):  WFTSF

Energy Oil & Gas Equipment & Services
Wavefront Technology Solutions Inc. is engaged in the advancement of dynamic fluid injection technology for oil and gas well stimulation and improved/enhanced oil (IOR/EOR) recovery. Through its Powerwave technology, it provides the oil and gas industry to place fluids into the reservoir. The dynamic action of Powerwave’s fluid pulses diverts injected fluids away from established flow paths, achieving better fluid distribution. Its patented Powerwave process is an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock. These materials are composed of a solid matrix and pore structure, which contain fluids such as oil and gas. The Primawave process is a method for aiding in-ground environmental remediation clean-up strategies in contaminated sites. Primawave provides the environmental sector with a solution for aiding in the clean-up of contaminated sites. It deals directly with exploration and production companies.


TSXV:WEE.H - Post by User

Wavefront Technology Solutions Inc
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Comment by BenVest99on Aug 16, 2010 10:33am
326 Views
Post# 17353153

RE: RE: RE: RE: RE: RE: RE: RE: Brad Paterson??/co

RE: RE: RE: RE: RE: RE: RE: RE: Brad Paterson??/coAccording to https://www.payscale.com, the average salary for a CFO working in the Oil and Gas, Pumps and supplies industry in Edmonton is $110 K / year. The salary range for this position is $79k to $149k / year.

So, Davidson $300k /year salary + options seems to be quite high. Now, this could be justified by saying that the compagny expects to have massive growth in the near future and that this position will be very important for handling the financial stuff related to the millions of $ that will be coming from around the world. However, if the CFO himself would believe in this scenario, he would surely not be selling his shares at this level.

I would be in favor for cutting this salary by at least 50% and repricing options above $3. It looks to me that the current compensation structure doesn't play its motiviation role. The CFO is already making the salary he should get should the company have achieved financial success and the options are priced so that they can benefit even if the company stays in the red.






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