Wolf Energy Services Inc (WOEN)

[Oxonius]

Actually, I retract that as I have just seen this weasel wording in the first quarter 10-Q:

<< which is estimated to be completed by the third quarter of 2018 >>

I am not sure I understand how such transfers cannot fully take place within a 12 month period (which seemed a very generous window) - I doubt we will find out, but I certainly hope that the reason has nothing to do with the complete lack of orders from Schlumberger within the first of our three year manufacturing agreement.

On a more encouraging note, I was pleased to see that John's salary has been substantially reduced - the new rate is much more reasonable and will help with expenses going forward. It also endorses the fact that a $300,000+ salary for all those years was (1) completely unaffordable and (2) generally undeserved. Unfortunately, the company and its shareholders still owe in excess of $1 million for prior salary obligations.