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WebTech Wireless Inc WEWWF

Technology Software - Application


GREY:WEWWF - Post by User

WebTech Wireless Inc > Q1 Results
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Comment by wts2012on May 15, 2014 12:45pm
278 Views
Post# 22565639

RE:RE:RE:RE:RE:RE:Q1 Results

RE:RE:RE:RE:RE:RE:Q1 Results
It can get worse.  The company is wasting money on a share buyback.  You buy shares or investments in things that will have a greater value in the future.  Unfortunately the company has this backwards.  The company was aware it was heading for losses in 2014 as it was stated in the notes of the year end financials for 2013.   Read the complete financials don't limit your reading to the press release.  If the company wanted to shrink its bank account they should have used the proceeds from the nextbus sale as a divident for the existing share holders.  Nextbus was one of the companys cash generators.  So now that Nextbus is gone just expect revenue across the board to be a step lower than in previous years.
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