ManagementIn my weathered opinion, the reason the share price is trading this low is because of management. Read some of these releases and you will see.
- Multiple Orders
- Construction of Orders that never materialized
- Multiple JVs and Partnerships (Weatherford, Cancen, Kansas, Western Oil Sands)
- Promises of revenues going back to 2008
- The famous press release "The Year of Execution" that was 2008!
- The hiring of various PR firms that just come and go
Its all there in writing!
In my opinion the writings from this company speaks for itself, that overall this management had no clue about how to drive this vehicle, let alone get into the drivers seat.
All the folks that wrote those releases are still there and that does not make me happy one bit! I will not include R Power in the discussion of inept management because he has only been around for a little over a year. It seems he has accomplished more in one year than all the others combined. But he has shown that he was either misinformed or just clueless about how long things takes. Such as the sales cycle, Just read the timeliness on some of his releases.
It sounds like this tech is the real deal! But when I think that some of the old management people like DB are still holding prominent roles and making key decisions afterall the bad decisions and ridiculous news releases, it makes me worried about my investment going forward.
The next phase of this business is extremely complicated. Based on the past, I am extremely worried that these same folks that put out all those releases are the ones we have to rely on for the growth of our investment.
I'd like to see that R Power has balls and make the changes to management that need to be changed. He can start with DB.
Here is the website with the releases. If you come back and write that management is so great then I will know you really didn't read the releases.
https://www.wescorpenergy.com/index.php?option=com_content&view=article&id=67:2009-press-releases&catid=19&Itemid=145
I FOR ONE, WANT TO SEE CHANGES IN MANAGEMENT!