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Bullboard - Stock Discussion Forum WebTech Wireless Inc WEWWF

GREY:WEWWF - Post Discussion

WebTech Wireless Inc > Still smoking?
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Post by ThomasTank on Jan 23, 2012 12:00pm

Still smoking?

Uranium - I'm certain you work for WebTech - I have looked at the financials and, although I'm not a CA, I can see a company that has never made money, that seems to be riding off the success of its small Nextbus unit, and that is absolutely bloated with staff and overpays its execs.  I can name five companies in the same telematics space that have done much better over the past two years.
Comment by uranium08 on Jan 30, 2012 10:07am
I do not work for this company. I also just looked at the financials and outside of the misplaced six million dollars on buying asset backed papers (and that happened to the whole economy), this management has done incredibly well. A great example is the aquisition of Grey Island. What was webTech revenues before the aquisition??? Well, I'll ll tell you - they were only between 7 and 9 ...more