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Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s):  WFTSF

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

Post by mikhalon Oct 26, 2014 4:41pm
224 Views
Post# 23062494

Timing of results released

Timing of results releasedBeing a retired C.A. I have some idea of the complexity of these financial results. 1) they have revenue from multiple countries which have there owned methods of taxation 2) they have revenue from contracts that are spread over multiple accounting periods and 3) they have revenue from oil wells and sales and rentals requiring judgement calls that the auditors must agree with or you change. There is not a full audit at quarter end just agreements as to the judgement calls made by the CFO. Hope this provides factual information to investors who want facts rather than casting blame. Constantly adding to this large position and much more comfortable after the news that I consider the most important in the history of the company. Good investing decisions to all investors.
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