Retired Life
Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.
Daft Punk has put out a classic album that is meant to be listened to in its entirety. However, the title track Get Lucky is getting most of the attention. If you're sick of it try the remix!
Daft Punk didn't act alone. They handpicked some of the best and brightest writers, singers, and musicians to collaborate with. Check out The Collaborators to find out who they are.
It has been an eventful 24 hours with evacuations being ordered in Calgary at 3:00PM yesterday. They weren't kidding. Most everyone has family or friends affected by the high water. Fortunately things like electricity, natural gas, and water services are still functioning in the drier parts of Calgary.
Here is another shot taken a few minutes ago above #Calgary #yyc #CalgaryFlood pic.twitter.com/Jv4SOG3vLB
— Justin Havre (@JustinHavre) June 21, 2013
bigpictureguy's photo on Instagram
There was a limit of 5 cases of water (or 120 710 ml bottles) per person at Costco. How much does 85,200 ml of fresh water weigh?
Gold is heavy but I was kind of expecting some kind of lift for the yellow metal. See Gold and Gravity. The next hope for gold bugs is a fast close above $1350 creating an island reversal. Until then, the trend is your friend.
Tick Tick Boom suport failure in gold.
The IKN blog has developed a thoughtful system for evaluating junior mining stocks. A bottom is forming but as to how long that process will take is beyond my predictive abilities.
Oh I used to be disgusted, but now I try to be amused.
Elvis Costello
Likes the quote "Better to operate with detachment, then; better to have a way but infuse it with a little humor; ... http://t.co/pGHBBoCtHw
— Jim Letourneau (@JimLetourneau) June 20, 2013
What if the fiscal apocalypse was just a bad dream? In a perfect storm, the gold price would be rising, senior producers would be announcing massive expansion plans, and the Junior Gold Miners ETF would be skyrocketing. Perfect storms are rare and difficult to predict.
I get the financial stress argument but it hasn't been working for 3 years running. I think there'll be a few seats available on the gold train IF one leaves the station on the up track. For now, the best one could hope for would be a quick bounce back up to $10.50 creating an island reversal on the chart. If that doesn't happen in the next few days then there's nothing to do but wait and worry some more about when the global financial system will collapse.
Market Vectors Junior Gold Miners 1 Year Chart. The three year chart looks bad as well but investors can only claim losses one year at a time.
Likes the quote: "I am an old man and have known a great many troubles, but most of them have never happened." http://t.co/70BgOGZbws
— Jim Letourneau (@JimLetourneau) June 20, 2013
Read the PWC report - Mine: A confidence crisis
The big boys are reducing costs and attempting to become more efficient. Exploration can wait.
The TSX Venture has been crushed. Since venture companies are designed to spend money, they don't offer much upside for investors when risk capital dries up. Everybody is happy when markets go up and structural problems are often ignored.
My friend, Joe Martin, has been championing the cause of junior miners for a long time. While corrections are a normal part of market activity, there are some structural changes that are hampering TSX listed companies. Now is a good time to step back and look at what works and what does not.
The owner of the TSX Venture Exchange, The TMX Group, had been doing fine during the TSX Venture collapse. That appears unlikely to continue.
Read Joe Martin's open letter of June 12, 2013 below if you care about having a public Canadian venture market.
June 12, 2013
An Open Letter to the Canadian Mining and Mineral Exploration Industries from Joe Martin, Chairman – Cambridge House International Inc.
Can the Junior Companies listed on Canadian exchanges survive this “Double Whammy?”
Venture companies listed on the Toronto Venture Exchange are facing a “Double Whammy”, something that the industry has never faced before.
1. Current market conditions have made it almost impossible to raise capital.
2. Regulations being imposed on raising venture capital in Canada may well make it impossible for any venture company to survive, even if, or when the taps for capital turn on.
Cambridge House is asking everyone in the business to join in supporting the Venture Company Association at the upcoming founding meeting:
Date: Tuesday June 18, 2013
Time: 2:00 – 4:00 PM
Location: Four Seasons Hotel Vancouver
Click Here To Register
Markets go up and markets go down but this “Double Whammy” may well bring about the death of the great historical tradition Canada has achieved in becoming the number one nation in the world in finding mineable ore bodies and bringing them into production in countries around the world.
At this meeting you will learn that this is not a question of changing one rule, or several rules. It is a question of overhauling the entire system.
The system is broken and it must be fixed.
Venture capital, required as risk capital in speculative investing, is a fundamental requirement in starting, building, and growing companies.
Apple Inc., the world’s largest company, started with two people developing computers in a garage. Microsoft had the determination of Bill Gates who went out seeking venture capital. Many great companies bear the name of their founders; all creative and imaginative individuals who needed speculative venture capital. Henry Ford, like all of them, had to raise capital. Look at thousands of jobs people like this have created.
Canada’s Hemlo Gold mine, one of the great mines in the world, owes its startup because of the determination of Canadian investors to overcome hurdles and who stay the course to bring them to life. Canadian mineral exploration and mining companies are well known around the world for their ability to bring success to these high risk, high reward projects.
Venture companies create jobs. Large companies build until they forget how they started: Nortel; Palm Pilot; Woodward’s; Eaton’s; Kodak. It is up to venture companies to create new opportunities and new jobs. And that means venture capital for speculative investments.
The world will need commodities and prices will once again go up. But, when it does, our mining and exploration companies will wake up to the fact that Canadian regulators have killed their ability to survive.
Canadian public markets are controlled by banks that have lost sight of the necessity of venture capital in growing an economy. The banks now own TMX, the company that controls both the TSX and TSX-Venture. They simply have no concept of the importance of having a venture market in creating jobs and growing an economy.
As the resource industry continues to weather this storm, there have been an unprecedented number of regulations brought into play that may well kill all hopes of a recovery in mineral exploration and mining.
In this time period the order of precedence in raising capital for venture companies is to:
· pay accountants and auditors
· pay legal
· pay listing fees
· keep the office doors open
There are over 700 companies on the TSX Venture Exchange that do not have the capability of meeting the financial requirements to survive this year.
One reason we are in a period of regulatory overkill is that there are very few people involved in venture capital represented on any of the governing bodies. These regulatory bodies are mostly a collection of lawyers: people who take fees, and increase regulation to create more fees. They are individuals who may think they are doing the right thing but in reality are killing the industry.
The Governing Bodies:
· The exchanges (The TSX and TSX.V are the two main exchanges but about 30% of their volume is done by other platforms that do not involve individual investors)
· The 13 securities commissions governing Canadian provinces and territories
· CSA – the Canadian Securities Association – the association of the 13 security commissions in Canada
· IIROC – Investment Industry Regulatory Organization of Canada
· Independent brokerage firms have very little representation with IIROC
A list of problems is long but they include:
· Securities commissions that ineptly try to enforce their own regulations
· Lack of transparency in trading stocks (the multiple trading platforms do not share information
· Algorithmic trading – computer trading in milliseconds
· Killer rules for brokers in “know your client – know your product” rules
· Retail brokerage firms are being regulated to cemetery plots
· Naked shorts
· Multiple levels of costly repetitive compliance
· fees, fees, fees
These killer problems have not been created by firms requiring venture capital
They have been created by unregulated regulators
It is Strangulation by Regulation
WITHOUT SIGNIFICANT CHANGE, WHAT DOES THE FUTURE HOLD?
· Jobs by the thousands will be lost in Canada
· Jobs by the thousands will be lost by people working on Canadian mining projects around the world
· Geology schools across Canada will close
· Accounting firm will have massive layoffs
· Legal firms will have massive layoffs
· Canadians account for about 60% of world-wide exploration. The country will lose this position and the thousands of jobs that have created it.
· The Aussies and Chinese will take over Canada’s role in mineral exploration
· Canada will hang its head in shame because a proud nation will have lost its job creation industries
DO NOT LET OUR INDUSTRY BE STRANGLED
JOIN THE COUNTER REGULATION REVOLUTION
JOIN THE VENTURE COMPANY ASSOCIATION
ATTEND THE FOUNDING MEETING IN VANCOUVER ON TUESDAY JUNE 18 AND SUPPORT VCA ONLINE AT http://venturecompanyassociation.com
The above facts are not fabricated. Information has been sourced from the following articles:
· The Canadian Economy is Regulated to Death
· Strangulation by Regulation – is the Venture Exchange on Its Deathbed?
· The Impact of the TSX Venture on the Economy
· Can the TSX Venture be Saved?
· ‘Say goodbye to the public venture market’ Advisor warns Flaherty of disappearing TSX.V
· Proof the Largest Canadian Banks are Taking Over
· The Destruction of the Canadian Investor: Why the TSX Venture is Failing
· NYSE Floor Trader Explains How Stocks Are Traded In Dark Pools vs. Lit Markets: Dark Pools Explained
· The Shocking Truth About High Frequency Trading
There is little upside in being critical of a former colleague. Why make enemies? Don Martin didn't pull any punches when he recorded this segment of "The Last Word". Martin's comments aren't particularly shocking but the fact that he aired them publicly is pretty interesting. I guess the volunteer "Save Duffy" poster committee hasn't had time to meet yet.
Day 2
We’ve barely moved the map pin so far. We enjoy the free breakfast at the Best Western (you get what you pay for, but the oranges were a nice touch) and continue our journey north. We have to head inland to avoid the Langley Air Force Base and drive through some rolling hills. Then we see fields of vegetables and lots of workers picking them. If you ever think your job is hard…
We stop in San Luis Obispo and wonder if it rhymes with Nabisco (it doesn’t) and I use yelp to pick the highly rated downtown BBQ spot. We park beside a twin white Lexus SC-430 which makes for a cute photo.
As I gorge on my sauce laden BBQ tri-tip Howard informs me that he doesn’t eat much red meat. Howard grew up on a farm in Alberta and now he’s aligning himself with KD Lang. I vow to eat red meat for every meal for the rest of the trip. See you on the gurney buddy. This later proves impractical. It was probably the tri-tip affecting my thinking.
We decide to stop at the Hearst Castle Visitor Center. A full tour isn’t in the cards since we have to drive drive drive to at least San Francisco to day. I’m OK with not seeing the actual digs. I appreciate craftsmanship and nice views but I’ve never toured a palace, castle or cathedral that can compete with Mother Nature. I get confused by the Hearst worshipping dioramas that show a zebra and how awesome it is that they put a bunch of cows on the land. At any rate, you can’t take it with you.
Soon we hit one of the highlights of the Pacific Coast Highway. Big Sur. A thin crenulated ribbon of asphalt stuck to massive coastal cliffs. Lots of construction projects trying to protect the highway from landslides. The views are stunning and the road is mercifully uncrowded. This section of the highway requires focus.
Our car is a Pebble Beach edition and soon we’re there. We don’t stop for a cute photo of the car by a sign or the golf course or the beach. We stop for gas. The sand dunes are stunning. Soon we’re travelling past fields of artichokes. I’ve played around with this spiky vegetable in the past but they were kind of pricy and more spike than like. I would change my tune if I lived in Santa Cruz where they sell 10 of them for a dollar. We don’t stop and buy 10 artichokes for a variety of practical reasons.
We need to get north of San Francisco today which isn't that far north in the great state of California. Suddenly we’re on a freeway and in California that often means going nowhere fast. Between a little fender bender and some kind of rush hour peripheral to Silicon Valley we get bogged down. Eventually we pop out onto a nice stretch of 2 lane that heads through Half Moon Bay. We stop at a local kite surfer beach. Even iPhone photos look pretty good. We are sneaking up on San Francisco.
The Gold Gate Bridge beckons and I take a couple of crappy iphone photos while driving on it. We decide to push past San Francisco. For a few minutes we are on a multi-lane interstate but once we turn off, there is a delightful stretch of mint condition twisty black road. Unfortunately it is getting dark and the towns are getting smaller. We stop on Olema which is close to Point Reyes. It is dark and we don’t have many options that we are aware of for a room. We stop at an inn and ask if they have any rooms with 2 beds. Nope. We ask how much the rooms will cost and he seems evasive. We ask again and he says normally we charge $140 a night but since you’re here… Both of us assume that we’ll be paying some jacked up rate. Turns out we are wrong. We get a bit of a deal on an apartment above the local deli. We also catch the local restaurant before it closes. I forget my red meat vow and attack the local oyster supply. Our server tells us that there are two kinds, both local. I have oysters as an appetizer, mussels and clams for dinner and oysters for desert. I will never be an oyster connoisseur but the shells of one kind were a bit smaller than the other.
Day 3
We are still in California which is pretty far from Alberta. Had we taken the interstate we’d be home already. However, the early morning sun and nearly abandoned road make for spectacular views. It is hard to believe that we are so close to San Francisco. We have an amazing breakfast in the Café Aquatica. No red meat here either but some very nice poached eggs and a view that was stunning. I’m reminded of the coast of Scotland. We drive through Bodega Bay which is a town mentioned in Cracker’s I Need Better Friends.
Signs imploring drivers to slow down at the outskirts of
every town and village do not encumber this stretch of the highway. My driving
strategy is to let the local Toyota 4 Runner pass the fancy-ass sports car and
then follow behind.
The coast is stunning but soon we head upward and inland through towering redwoods. The canopy almost completely covers the highway. We are getting close to the end but what looks like a half hour drive by distance on the map will take 3 times as long. We see logging trucks on this twisty turny road. There are truck drivers and then there are Pacific Coast Highway truck drivers. Wow! I try to imagine driving this road during the summer tourist season. I think it would suck.
We eventually hit the 101 near Leggett and the end of the Pacific Coast Highway. I almost feel like crying. We did it. Howard celebrates by taking a leak on the other side of the highway. Then we drive through a giant redwood tree.
Unbelievable
All we need to down is drive to Calgary.
I've been on a few awesome journeys this year, but I was pretty excited about driving from Palm Springs to Calgary with my buddy Howard.
12:08P - Leave the Sterling Estates compound to pick up Howard from the airport. I forget to pick up my putter head cover from the Mission Hills Gary Player shop. My quest to break 100 is on hiatus this week.
12:25PM - Arrive at airport. Arrive at airport EARLY. I did not see any planes land on my drive there. Howard isn’t even on the ground yet. I’m very OK with being late unless I’m excited. Today I am stoked. Today is big.
1:08PM - I call Julia and suggest Trio up the street. Its only a block away, I lie and say Howard and I were waiting in the car and just got out to check. We both know I’m busted. Howard is recently single, and a retired divorce lawyer isn’t a bad contact to have when you’re looking for a mature life partner. However this means Howard will be interrogated over lunch. I’m a fast eater and Howard is a slow eater. He’s even slower when he’s under Julia’s microscope. Suddenly time stands still, there is no urgency, I must wait. I must.
I want I want I want to get on the road. We need to drive the entire Pacific Coast Highway Route 1 so maybe this chit chat can wait? Not this time. Its a 2 hour lunch.
2:54 - Could it be? Yesss. Driving. Dana Point to Leggett. The. Entire. Highway. Many will claim to have driven it. We are driving ALL of it. Every fucking inch (except when we exit an overlapping Interstate section and need to take an exit and entrance ramp).
Once we hit the coast, all we need to do is pick the paved road closest to the coast but getting to Dana Point requires a few deft exits and toll roads. The GPS in cars blows. I want to use Google Maps. I want real time traffic factored into my route decision making process. The reflective screen I added to my phone last Christmas Eve makes it impossible to read the screen while wearing sun glasses. I will not remove this screen until I park the car in front of our house in Calgary four days later. Turns out that having kids in the car is more distracting than texting and driving. My glancing down at my iPhone while driving is wrong, especially when I have to remove my prescription sunglasses to read it.
I am willing this drive to be complete. I know it is frivolous. It is a giant time suck. It is inefficient. A car can be driven from Palm Springs to Calgary in 24 hours more or less. I can’t even get an estimate of how long our Pacific Coast Highway trip will take from Google Maps. My laptop screen real estate is too small to drag all the blue dots off of the Interstates.
Ever since Brian F. introduced me to the Beach Boys in grade 4, I’ve had a thing for Southern California. Today we are in it. The mysterious places mentioned in Surfin’ USA are showing up on the road signs!
Beaches. Laguna, Newport, Huntington, Long etc. etc. Giant oil fields were discovered along this stretch of highway. Signal Hill! Pumpjacks. The old photos of Huntington Beach (aka Surf City USA) look much different than the pretty beaches and marshlands of today. We hit traffic. Mostly a consequence of my choice to drive south to Dana Point instead of starting in Santa Monica. I will forever be asking people if they started PCH 1 at Dana Point. I’m not sure if 3 hours of heavy traffic is worth being able to forever ask people if they started PCH 1 at Dana Point.
Howard and I have noticed that in sunny California, the car pool lane is never busy. Also a high percentage (but not all) of Prius drivers near LA drive aggressively. Maybe the lack of power frustrates the driver. Just a theory.
As fortune would have it my Rolling Stone Top 50 Albums of 2012 playlist calls up Sweet Life.
Why see the world, when you've got the beach? - Frank Orange.
This tune comes up later on the trip and it makes sense. To be fair, people from California travel internationally more than most Americans.
Why would you live anywhere else?
Why would you live anywhere else?
We've got the ocean, got the babes
Got the sun, we've got the waves
This is the only place for me
Best Coast
7:36 - Malibu. Soon to be owned by Larry Ellison. The real estate is precious. Malibu is a choke point on the highway. There isn't much real estate available between the landslide zone and the coastal erosion zone. The Malibu preachy actors tend to be coastal erosion deniers. There isn’t room for a beach, a row of beach houses, and two lanes of highway never mind four. Something has to give. My bladder. We gas up in Malibu and drive the scenic curves while watching the sunset.
We stop in Oxnard?
8:31 - Best Western. Clean, safe, cheap and open. Day one’s driving is done.
8:50 - Cabo Seafood Grill and Cantina. Howard ate local style and had a Strawberry Margarita at dinner. I didn't know that Oxnard was famous for strawberries so I feel guilty for mocking his "girlie drink". Not much going on in the section of town we were at but I think we saw a crack whore standing on the corner. You don’t often see legs skinnier than Steven Tylers.
There are big happenings at Shoal Point Energy. The original team that identified the massive opportunity and captured the acreage (no easy feat) is stepping aside. Marc Jarvis will be replacing George Langdon as CEO. Jarvis' claim to fame is his association with Ultra Petroleum, a rags to riches natural gas deal that changed a few people's postal codes.
The chart on the left from BigCharts.com shows the meteoric rise of Ultra Petroleum. This is what investors in leading edge resource plays are looking for.
The "forward looking statements", mostly references to what the Government of Newfoundland and Labrador might or might not do in the future, were clarified in a second press release.
Shoal Point Energy is an advertiser and I own shares purchased in the open market.
I've been watching the gold price on a daily basis. Partly out of curiosity and partly to look for an opportunity. The short term trend looks down but the big picture?
The trend is your friend, until the end when it bends.
I’m a the stylish Palm Springs International Airport waiting
for the arrival of my road trip buddy, Howard. Our mission is drive a white
Lexus LC 340 (Pebble Beach Edition) from Palm Springs to Calgary before
Saturday afternoon.
I just heard the announcement! He’s arrived. Our first order of business is to have lunch with my wife, Julia in downtown Palm Springs. She will be grilling him on his new girlfriend.
I’ve chosen an extremely inefficient route to get to Calgary. I want to drive the entire Pacific Coast Highway 1. Not just a few stretches. Why? Because it is there and I’m not going to hold a rope like a daycare kid walking on a downtown field trip while I wait my turn to summit Everest. This means driving to Dana Point where our little highway intersects a more efficient Interstate.
The WIFI appears to be down at this quaint little airport. I still love it but now I’m writing a Word document instead of live blogging. Word!
My interest in golf carts started at an early age. I still remember the photo of Bob Hope's nosed out golf cart in My Weekly Reader when I was a young laddy. Now I spend a good part of the winter months near Ground Zero for golf cart customization. It turns out that Bob Hope wasn't the only person who wanted a customized cart. The lowly generic golf cart gets the glam treatment every summer during the Palm Desert Golf Cart parade. People like pimped out golf carts.
Maybe this summer there'll be a Bubba Hover in the parade.
This video wasn't intended to sell hovercraft golf carts, it was intended to help market Bubba Watson and Oakley as hip and edgy. Turns out the concept is too good to completely dismiss.
I can attest to the desire of at least some golfers to stand out from the crowd. Everything from Loudmouth pants, lime green golfballs to plushy club head covers can be seen out on the links.
Meanwhile the brains at Neoterich Hovercraft have been getting orders! Since the commercial, they have announced a limited edition of 100 carts.
1) Nebraska's unemployment rate is 3.8% Houses are affordable. Why create messy boom town conditions in the state?
2) The USA is convinced that shale oil is going to put them on a path to oil self sufficiency.
This makes the tenuous arguments about evil oil sands. Why risk alienating voters?
If Twitter followers were dollars Warren Buffet would be having a big day.
Buffett ‘In the House’ Gets 50,000 Followers on Twitter
He's pushing 100,000 followers as of 11:21 PST so his numbers are ramping. I think Twitter followers are worth more than Bitcoins.
So far his only tweet has been
Warren is in the house.
— Warren Buffett (@WarrenBuffett) May 2, 2013
There are numerous unofficial Warren Buffett Twitter accounts but @WarrenBuffet is verified. I'm not sure if Buffett would use a term like "in the house" so we'll see shortly the account is the real deal.
The Oracle of Omaha, Warren Buffet, will be answering questions this Saturday at the Berkshire Hathaway Annual Shareholders Meeting. The highlight of this event at the CenturyLink Center will be the live unscripted QandA that runs from 9:30AM to 3:30PM. Warren and Charlie Munger don't pull any punches.
There is not a cloud in the sky today in Rancho Mirage, CA but a trip of ever cascading delays could be in the cards.
Weather is not climate and computer models of climate are not very good science.
Shoal Point Energy Ltd's (CNSX:SHP) partner in Western Newfoundland's massive Green Point shale play is doing a great job of community relations. Black Spruce Exploration CEO, David Murray, has been meeting extensively with local community leaders to prepare for the potential long term impacts (which are seen by the community as extremely positive).
Black Spruce is looking to start drilling "mid-summer". This is an exciting play.
I'm looking forward to speaking at the Vancouver World Resource Investment Conference in beautiful Vancouver, BC on May 26-27. I'll be rocking the conference with the following presentation.
How I Learned to Stop Worrying and Love the Venture Markets
Introducing new technologies to old industries isn't for the faint of heart.
Wavefront Technology Solutions' (WEE.V) original focus was on revitalizing mature oil fields. All forms of enhanced oil recovery (EOR) involve the injection of a fluid. Better injection leads to better EOR performance. It sounds simple on paper and it works on paper, in the lab and in the field. However, the time it takes to commercialize a new technology in heavy industries like the oil patch is on the order of 15 years. Wavefront has been a public company for over 9. The new client cycle of sales, installation and evaluation of Powerwave EOR takes forever in stock market time. According to Wikipedia, patience is the state of endurance under difficult circumstances.
Whenever someone doesn't believe me about how long innovation takes in the oil patch, I always ask them if they know who George Mitchell is. He started working on the Barnett shale gas play in 1981.
Quarter over Quarter Revenue Growth
As of this morning, Wavefront's market cap is ~$27 million. Cash as of February 28th was over $12 million. The latest quarterly results, released yesterday, have disappointed some investors looking for steady revenue growth. Wavefront mentioned some future business in Brazil and Columbia worth $1.9 million. The EOR sales funnel isn't empty but but the "dough ray me" is not ramping up as quickly as shareholders would like.
The most important recent information about Wavefront relates to a commitment to expand into a couple of new areas, well stimulation and performance drilling. These opportunities are a direct result of Wavefront's acquisition of Vortech Inc., a company that had intellectual property (IP) complimentary to Wavefront's, for $4 million. It is looking like a clever deal.
If you think that new oil supplies are going to come from existing fields by the use of enhanced oil recovery (EOR), then Wavefront has a proven technology. If you think that shale oil and gas are going to lead to energy abundance, Wavefront has a solution that provides dramatic cost savings in horizontal drilling. These are achieved by increasing the rate of penetration (ROP) while drilling by 5-30% (and in one case 94%). My hunch is that the performance drilling business will be significant for Wavefront. Time is money in the drilling business and Wavefront's IP can make a meaningful immediate contribution to drilling performance. I think the adoption rate will be much faster in the performance drilling sector given the ease at which pilot tests have been scheduled. This contrasts with the EOR business where it can take years to line up a field test. I know of a couple of private EOR companies that are looking to acquire water flood assets
The market previously valued Wavefront on the blue sky potential of its IP. I'm not sure what a patent portfolio that allows field verified substantial improvements in well stimulation, performance drilling and EOR is worth. I would guess that it exceeds Wavefront's current enterprise value of $15 million.
The company has reacted to market realities without selling any of its IP or diluting its share structure. Wavefront will eventually cross the chasm towards mainstream adoption of their IP for EOR projects. In the meantime they have lots of cash and exciting new business opportunities where they can apply their valuable IP.
I own shares of Wavefront Technology Solutions Inc. (WEE.V) which I have personally purchased for investment purposes. I am also a consultant to the company.
