Wavefront Technology Solutions Inc V.WEE.H

RE:RE:Canaccord

[DoctorDisaster]

Am very positive on the latest developments. Good results in Saudi should result in increased sales there, which are valuable on a per-well basis. The growing acceptance of the technology (deemed commercial by a number of customers) lowers the friction of each additional sale. The company has done a good job controlling costs to reduce cash burn until expanding sales can turn the corner, which needs to happen quickly (and seems to be). I have taken the position I have because of the large intrinsic value of Wavefront's technology, both in stims (performance and cost savings) and EOR (ultimate oil extracted). If management is able to unlock this value the shareholders will all see a great return. Challenges remain although we are making steady progress.