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Bullboard - Stock Discussion Forum WebTech Wireless Inc WEWWF

GREY:WEWWF - Post Discussion

WebTech Wireless Inc > Selling out
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Post by wts2012 on Aug 04, 2015 5:21pm

Selling out

What this merger does is give BSM webtech's cash and subscribers.  It shows how webtech management has thrown in the towel because they cannot grow the company any larger than its current subscriber base.  

Webtech should have paid out to share holders when they sold Nextbus but instead they have handed it to BSM.  

Holding this his stock is for fools.
Comment by dpunt32 on Aug 07, 2015 1:26pm
its a shame the cash is entrusted to BSM management who has mixed acqusition record, rather than paying it out to WEW shareholders...the weak performance of the stock tells you there is very little confidence or excitement about company going forward, imo WEW should just sell out for a cash bid and move on rather than BSM deal...a cash bidder can see what the market thinks of this deal and offer ...more