TSXV:WEE.H - Post by User
Post by
Zorro99on Dec 05, 2013 3:15pm
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Post# 21975864
Holler, you gotta admit that EVERYONE is SKEPTICAL !!!
Holler, you gotta admit that EVERYONE is SKEPTICAL !!! What significantly call burn rate has been investment in inventing new tools, building an inventory of new stim and performance drilling tools ahead of sales, investment in marketing and trials. WEE has been launching a new strategy in areas around the world. It required upfront investment. The orders are small to try the technology out at first. Now the repeat business and larger orders are beginning. The trials are now turning into revenue and last quarter revenues shot up like a rocket 62%, the loss of cash from operations collapsed. The upfront investment of getting Weatherford Colombia on the technology, and Weatherford Mexico, and Schlumberger, etc., is blooming. The rocket has taken off.
Read more at
https://www.stockhouse.com/companies/bullboard/v.wee/wavefront-technology-solutions-inc?postid=21975004#VrCIEbrux915ztX2.99
Holler, if they keep the BURN RATE at the present levels, WEE will run out over the next year or two.
So, unless WEE starts getting serious about INCREASING REVENUE DRAMATICALLY then eveidentily the SP will go down....that time has come NOW...in my honest opinion,
WEE must show us the revenues that will lead to profitibility at some point sooner rather than later.
JMHO