TSXV:WEE.H - Post by User
Post by
graffleon Jan 04, 2023 2:01pm
346 Views
Post# 35203194
I quit
I quit
After years of following and adding shares of WEE to my portfolio, I'm finally fed up with waiting for a turnaround. Damn near sold my shares when it bounced up to 40 cents. So I just dumped 500K shares yesterday, and I have some more I'm dumping before this gets delisted.
I was always concerned that this technology never caught on with pretty much any customers over the years. The results reported in tests seemed promising, but repeat business never seemed to stick. Is that the technology or is that management? We've never been informed why so many companies tried WEE's Tech and then gave it a pass. Retention is critical and the lifeblood of a company. Just hasn't happened.
I was always surprised at the extent of the tax losses taken on an unprofitable company. Might be some aspect of Listing regulations of which I am unaware, but it seemed to me that the tax loss exceeded any profit. Had the write downs been deferred, there would have been a few quarters of profit, which would have been huge. Maybe someone can explain it to me.
Good luck to everyone. Seems like WEE is about to die a sad death. It's too bad. i believed in the home-grown Alberta technology, but customers just didn't seem to.