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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

Comment by wittmannon Apr 03, 2019 9:02am
115 Views
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.
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