Enwave Corp V.ENW

Alternate Symbol(s): NWVCF

Industrials

EnWave Corporation is an applied dehydration technology company. The Company’s principal business is the licensing of its intellectual property through royalty-bearing agreements and the design, construction, marketing, and sales of vacuum-microwave dehydration machinery for the food, cannabis and biomaterial industries. It has entered into 54 royalty-bearing commercial licenses with and sold REV equipment to a diverse portfolio of companies operating in over 23 different countries on five continents. It also operates REVworx, a toll processing facility located in Delta, British Columbia that offers vacuum-microwave contract manufacturing services. The REVworx facility houses both a batch 10 kilowatt (kW) and 60 kW continuous vacuum-microwave line to accelerate the commercialization of products made with the Company’s patented technology. The Company has two primary commercial scale technologies, nutraREV, a drum-based system, and quantaREV, a tray-based system.

TSXV:ENW - Post by User

Enwave Corp > Brent are you even at the office? $ 0.38 cents says NO!

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Comment by Snuffyon Jan 28, 2023 7:00pm

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Post# 35252286

RE:Brent are you even at the office? $ 0.38 cents says NO!

Hey There,
I'm new to this board but have been a long term holder of ENW and would like to get my 25 cents worth of opinion online.
I think that what has happened in the last few years is a problem of trying to make some bad decisions from 3-5 years ago right and unfortunately the outcome has cost us all a lot of market cap. I applaud the management team and board for finally making a decision to wind up the company.
Lets not forget that the covid shutdown had a imposed restrictions on international travel and in case you haven't noticed this company's clients are mostly international in flavour.
At $.40 I think this is the most discounted valuation I have ever seen on the company especially when they have just made a decision to stem the loses from NutriDried. The company went public on July 14 1999 @ $.60/sh and at that time all they had was an idea and a prototype.

If you take the time to understand the financials from Sept/30th year end you will see that the shutdown is the best decision for the long term.
Enwave is a Technology/Manufacturing company with a strong portfolio of patents and proven engineering. Enwave never should have been in the consumer snack food business competing with the big multinationals.

I still love the Royalty Income aspect of their business model and they have proven that their clients will buy the technology and equipment and will pay the royalties .

So in closing I invite "intelligent comments" and replies and I really don't care if you own this stock or not.
Snuffy