CWTI's Achilles Heel
Plenty of sales growth / projection rah rah posts, as a shareholderI I absolutely welcome this news.
Now where's the detail/proof and please spare us the tired out 'well they're hiring 3 sales staff' refrain?
Moving on.....for sh*ts & giggles let's assume the order pipeline's filling as I write and investors continue to fanatasize about fat future pay days.
What guarantees do we have that CWTI can duly execute on these orders in the context of engineering, procurement, build, test and ship - all on schedule and profitably?
For the newbie investors out there I bring to your attention CWT's very checkered past in this regard.
Not so long ago the company had several highly promising mining industry AmmEL contracts each of which going to pilot trials at sites in Canada. Sadly each of these failed when it came time to 'close the EPC deal' even after the techno-economic feasibility of the tech. proved far superior to that of the competition.
Then there's the ongoing saga that is the Chemsbro ESD unit del'y, my sources confirm that after 5 years of 'build' the sea can remains on the shop floor to this day.
Check out the historical NRs for the litany of excuses on why this is.
If we are truly on the glide path to tens of millions of dollars of sales that the rah rah crowd claims then it's time for the company to begin turning their attention to delivery execution so as to avoid past share price killing failures.
It could start with hiring competent & capable professionals to streamline this effort - the existing inhouse staff clearly cannot do their job.
It's vitally important on forums such as these that the investment community is made aware of the good, the bad and the ugly - we should all welcome posts that are balanced & FACTUAL, when posts are nothing more than cheerleading then someone (the investors) are most often being led down the proverbial 'garden path'.
BTW, the share price can crack $0.25 tomorrow if Dr. Shelp and the BoD tendered their resignations today, that's FACT my friends.