WFT should be coming out with the final adjusted quarterly and annual reports sometime over the next few days. During the last quarterly conference call they basically promised these would be filed by month's end.
When these reports are released, WFT will put a sad chapter behind them. The investment community can then start looking at them based on their fundamentals instead of the tax problems. Fundamentally, I think things are looking up and 2013 will be a good year.
The Swiss stock exchange has granted WFT an extension to file its first half 2012 reports until December 17. According to their press release, if they don't make the deadline, their shares will not be allowed to be traded until they do, effective Dec.18. Now, given WFT's record on timely filing of anything, and the company's demonstrated regard for stockholders, what do you think is going to happen?
swiss stock exchange? arent they traded over here on the S&P 500? should the swiss SE fail to allow them to trade, i would think more would trade on the s&P. i think this continues upwards. we're 10.40 ish for a large oil services firm? this should be 13-15 min, if not upper teens to low 20's. (like I know what I am talking aobut, lol). I think an offer will come sometime soon.
It is beyond reason that the WFT board has not taken any action against the CEO and the CFO. for their incompetence in dealing with the tax situation,
I also wonder how come the big stock holders of WFT have not been more active int demanding from the board that they become more responsive to the share holders.