TSXV:WEE.H - Post by User
Comment by
wittmannon Apr 03, 2019 9:02am
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Post# 29574850
RE:Selling Pressure.
RE:Selling Pressure.The problem is what's been said on this BB a hundred times.Investors don't want hopes.They want solid contracts,something WEE hasn't done ..ever.Even the recent news smacks of the same High hopes.Notice they state what competitors charge for their services,but omit the fact that WEE has zero contracts..only stating that details cannot be disclosed.They've been saying the same thing since day one.Wavefront needs solid contracts along with solid guidance as to (If and when) they land these contracts.
Nothing like this is discussed here.They will need cash..lots of it.Where exactly do you guys think that's going to come from?..the sky?..Share dilution?..loans?..by who?
Anyone that thinks banks will lend these guys money are delusional.Canadian banks are reluctant to lend cash to a penny ante company ,especially in the middle East.Toss in SaudiAramco impending sale and who knows.You guys are so focused on Wee you pay no attention to the geopolitical risks of the middle east.I suspect also the Share price is dropping for those reasons...and of course unknowns from strategic options.The latest news seems a lame attempt to prop up a devastated stock.Although a few here are squealing with delight,I don't see this helping anything.Thats my prediction based on the past...we will see today.