TSXV:WEE.H - Post by User
Comment by
gojotv!on Oct 15, 2021 11:41am
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Post# 34009980
RE:Indicators
RE:IndicatorsIf it's true you've been around for ten years, Pwr4ward, you'll remember that this was a completely different company then, with an entirely different, EOR focussed business plan.
The reason this stock is so screamingly low-priced is management's utter failure to show black ink. I believe that we've only ever seen one quarter of profits in all that time.
I've long said that it will take two consecutive quarters in the black to make investors believe that this company has turned around, and I stand by that. That being said, WEE has established a revenue minimum for the next 5 years, which is very heartening.
If they collect on this contract, that sets the share price solidly in the mid-$0.40's, with well-founded speculation edging it into the $0.60-&0.80 range. Everything hinges on the Middle East finally adopting Powerwave widely and permanently. With, that, $5.00/share will be the cheap entry-point future posters will brag about on these boards. If $2M/year pushed a depressed stock into the $0.40's, imagine what $80M/year would do. GLTA! Pwr4ward wrote: While I appreciate different points of view, I also appreciate when facts back up claims, there are people who will make claims but can't back them up. Like having newer accounts while claiming to have been around for a long time. Multiple accounts are what someone who is trying to manipulate the stock would possess. I have owned this stock for ten years also and this is my only account during that time and you can see when I became a member here. The last time this stock was at $5 it got there without a single news release. The recent news and buying from shareholders particularly ones who own millions of shares is enough to put this stock in the 5 to 10 dollar range. Again the unwritten rule of speculating in the market is buy on the rumor as to get in before everyone else hears about the stock so that when it begins being reported broadly you would have secured your position and reap the benefit of a large move upward in price, we are exactly at that point now. GLTA!