Wolf Energy Services Inc (WOEN)

[Oxonius]

Well, I'm not sure that they deserve to stay in business but they still are! I suspect that the PPE stuff was a means to call themselves an "essential" facility and to keep enough people on the payroll to justify the PPP "loan" which they won't actually have to pay back (hopefully).

The voraxial business is, essentially, dead for the foreseeable future, though the new administration might force companies to beef up environmental spending. I'm confused as to the state of their "license" agreement (now expired) and whether they can even continue manufacturing the products that they sold - variants, maybe.

Having upgraded all the CNC equipment, it now sits idle for, maybe, 22 hours a day - it might be worth $0.30 on the dollar. There is no money, no strategy, no customers, no ideas. And, we are saddled with compensation debt from those years when our principal squandered his legacy while believing that he was worth in excess of $300,000 in salary. It's a very sad story.

Fortunately, we remain a fully-reporting entity and the market for reverse merging of shells is pretty strong. Any ideas what the shell is worth? 50-60 cents a share, perhaps?