RE:RE:RE:Question
tannin wrote: Never saw anyone 'pumping' WEE on this site Himmler; did see some who were not ready to throw in the towel, and others, like yourself, who were. i have been on the hopeful side; you say the technology is useless, a fraud, and i respond, nonsense. There are oil companies who are using our technology at this moment; the question is, why are they not paying us. Imo, the technology is fine, possibly not enough to float a company on, but useful; management is lacking.
WEE has massive tax losses that are worth money, in addition to an interesting technology that is finding customers and AI knowledge that each use adds to; that package has value.....why is management suggesting it does not.
IE....what the f is going on....and how can shareholders have any trust in current management ?
yes the technology has been used for many years. It appears to have value.
Maybe Doug Burger, who has posted in the past, has some insight? There were a few other posters, who seemed to have more insight too.
could wavefront be streamlined? Raise enough cash to keep the company active for a year or two years? Cut costs to a bare minimum. Phone/ computer and storage bin? Only have necessary employees? Work with only paying customers. Once streamlined to break even, focus on business development?
or partner with customer? Possibility? New group? Brett works at an arms length only to assist with setup and the tech? Other uses for the tech?
what recourses available for non paying/late paying customers?
there must be some shareholders willing to assist in the restructuring? Any shareholders,willing to assist for free? Squabbling currently will not fix the situation. Working together could help?
or will wee management get some cash or partner?
According to past news, expectations for work deals may be on the horizon, ie. Saudi, Kuwait, etc.? No one knows for sure?
not sure which way this will end. A change of leadership can bring new life. Hopefully, Brett and the board are working around the clock to remedy this situation. What about Brad? He was compensated for years with a healthy salary. Is he still assisting in some capacity?
no clue as to what will transpire.