Wolf Energy Services Inc (WOEN)

[Oxonius]

Well, we did actually make it to $0.08 today. There are a bunch of things holding it back:

Firstly, the sale of the actual product appears so far to be a big disappointment - many folks were expecting multiple equipment orders and the substantial investment in new CNC machines appeared to support that.

Secondly, there may have been "transfer" problems as we are still waiting for the final million and it is now overdue.

Third, the salary "overhang" sinks this like a stone - basically, the lion's share of the product sale belongs to the "unpaid" Executive (whose salary was set at an unrealistic level for years when the company was near bankruptcy).

Next, the Board governance is suspect as there is only one "independent" member (who still managed to approve his own bonuses and option grants) - it is run more like a private company than a public one.

And finally, after more than one year, no attention whatsoever has been given to any of their public relations or company website - I fail to understand why someone could not be hired to perform a simple refresh and update of their site.

With that said, the utility order is very good news indeed. If all the other matters above were resolved, the company could attract substantial interest from investors and we could be trading in excess of $0.20