TSXV:WEE.H - Post by User
Comment by
himmleron Dec 30, 2022 11:14am
126 Views
Post# 35196987
RE:RE:RE:RE:Question
RE:RE:RE:RE:QuestionTo be clear..when I say the tech is worthless ,I say that from an investing point of view.
Over the last 20yrs or so Wavefront has had many clients..but little or no repeats...that actually says it all.
The income from accounts only sufficed to keep the company afloat...and that was done brilliantly for many years.
Problem with that is it benefitted only management...never us as shareholders.
So...the big question is ,can this company survive?
Possibly but highly unlikely in its present state.
The reasons are simple...
At 2 cents s share this company could be gobbled up by another in the related field...but that could have happened many times in the past,and it never happened.
Accounts recieveable may never come to fruition as the company never clearly stated why...did the tech not deliver as promised? for example If that's the case why would they get paid?
Next question #2 is ..can this company survive?...if it does in another form ..shareholders get wiped out...that's how it works(that's us)
Year end tax loss selling always drags shareprice down,however ,with the companys latest news snd the all time lows,I suspect the worst.
A word of advice ,based on many years of gambling with these penny stocks,is don't get your hopes up in assuming anyone on these boards can change anything...talk of lawsuits is utter nonsense,big shareholders like Berger stand to lose just as much and nothing a major shareholders can change a sinking company...heck for all we know he dumped his shares back when we hit the 40 cent mark...insiders are supposed to be clear on selling,but these penny stocks fly under the radar..
I wish everyone the best here despite the needling,but life goes on and lessons learned hopefully.
Good luck and have a great New Year..despite this.