TSXV:WEE.H - Post by User
Comment by
Sir_Holleron Jul 03, 2015 11:12pm
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Post# 23891312
RE:RE:Risky
RE:RE:RiskyIf it was a significant deal WEE would have likely stated how many units the client is taking into inventory. There was no mention of upfront tool numbers, nor was there a quote from the new client defining how interested they are or how aggressively they will implement it across their service platform. It may involve a long trial period like the rest. It may be like the long list of news releases in the past where nothing much appears to happen in the end from Halliburton, to Schlumberger, to Weatherford, to Cenovus, to Chevron, etc. The last time WEE press released a new deal of $1 million or more was over one year ago despite all the trials in the past and having changed its revenue model. This may be the worst fiscal year in quite some time for new contract announcements despite the history os testing and the new revenue model theyi instituted to try and spark sales. Revenues have also been a dissapointment.