The company should be very close to out of cash at this point, so some kind of fianancing will be required to survive. My guess is the share of EES that the company owns is the most marketable item they have for quick cash. But then the energy market will have no concern to us because we would probbably be out.
Point is we should get news on financing soon can't run long without money.
Well Mr. McQuire? Stock is down AGAIN today! Instead of hiding behind your (I mean our attorney because I'm sure you're selling shareholders shares to pay for him) Tell us really what's going on!!!! Really Denis, It's time to MAN UP & spill the beans!!!!!
Given the lull on the mb and sale of any stock at all, it might be an ideal time for the company to issue a statement outlining its goals for the next six months to sell its products and improve is pps.
Companies (especially the size of HAL) don't just abandon patents application. It just NEVER happens no matter how dumb the patent is.
That's why all the large companies have thousands of mostly useless patents they can lever against other giants.
I never said they won't treat water or provide water treatment solutions. I just don't think they would be on-site solutions similar to what ET is offering. My understanding of the ART is that the judge considered HAL decision to be the compensation ET deserved with possible upside that might substantially surpass the 300mil ET asked for.
I thought they were working on something. Possibly at the end of the day they figured it was cheaper to sub it out to another company & let them deal with it.
Why is HAL out of water treatment ? Did ARB results say they couldn't treat frack water? Did ARB results say HAL was infringing on ET patents or Process?? Anybody !!
I wish i had a crystal ball or a ton of nerve and extra money to buy here. (Or the wisdom to have held off investing completly until now) I have neither. I am invested enough already. And like a pundit once told me. "every day you hold a dropping stock , its the same thing as investing in it again at that price anyway". It may be foolish and it don't look so good, but I am holding out for now in the hope that they do have something in the pipeline.
I have been holding ET from the days they were removing paint from ships.. I am not an American and so I might have a different perspective..
My guess is that the current gas price in the US is what is keeping the price of the stock down, you have just too much gas. (in Europe the price is about 5X in Japan 8X - this is a major problem) as long as fuel prices (cost of water transportation) is under control the only thing that would help ET is some kind of a disaster...(which no one would like) the current price just cant support the added cost of ET. Anything that would both lift the price of gas AND will weaken the dollar (=raise the price of fuel) would create an environment in which ET can VERY quickly go up. so basically ET best shot is Ukraine.(16% of Europe's gas flows though the Ukraine). once Sabine Pass facility in Louisiana starts working (2015) and later the Freeport facility (2017) the US would have the capability of exporting it's gas and so I wouldn't expect any major shift in the stock until then.
On 4/Jun/2014 Russia and China agreed on the Altai gas pipeline and have made their move. both countries have the power to seriously hurt the USD in case the US would start exporting gas to Europe. As there is no real onsite alternative to water treatment beside ET (now that HAL is out of the picture) I think this would be the shifting point for this company.
To eagle, badger, and loxomo: splendid posts!!! Thank you all for your honest opinions. I believe I will stick around for a while as I, too, am in pretty deep but truly see value in this company. Sincerely, RG
You do realize the bashing is caused by poor results & poor communication, mainly poor results. Nothing more. Company makes money, stock price rises = everyone is a happy camper
Rg, there is little I can add to what you have already read. The detractors have now mostly had their biases exposed and have a separate agenda than those of us who have bought significant amounts of stock. I know of just one friend who frequently emails me in the area of that part of Florida and likely owns at or above 1/2 mil shares. Two other own an equal amount and all told may be above the 3 mil. figure. What's that worth. Zero in answering your question except to say each one likely understands very well this unmatched technology in the clean water space for our planet. If not sooner than later there will be a water emergency that may last generations. Buffet buys when a stock is hated and keeps it till everyone loves it and is too late to buy. I am not selling. I have discussed this stock with better trained engineering type people and have not found reason to sell based on reality. Could management do better. You tell me what company would deny that except to those who are arrogant and afraid to admit. Just last week, I listened carefully to Jeffery Immelt, who most of you know is president of GE. I would give him a C+ in management. I own GE stock.
Does that mean you should follow my advice. NO. We each have to own and take responsibility for our wins and losses. I know some don't care what pollution goes in down hole and comes out in flow back and finally dumped down deep storage wells that most assume will stay far below the aquifer where our drinking water is located. I care. I don't like the idea. Geologists may say that is safe but I know the earth crust is always shifting. One seismic event could pollute the aquifer for an entire state if the eruption of the earth spewed that
pollution upward. Just a few ideas to percolate in your bank of knowledge. I'm for the best clean water technology on the planet. ESPH is on that same objective and goal. If you want to learn, go to the ASM and ask management with the intent to know.
Sentiment: Strong Buy
RG, I feel compelled to add on to what Badger has postulated-all of which BTW I agree with. The debt to IP value ratio is 1/300 on the upside-w/their IP valued at 600 mil and only 2 mil debt. The deals they have in place in Canada and now in Brazil, add to their already established well site deals w/Newfield and SWN.
They have plenty of money that will be coming in to keep their doors open-while they are no doubt in the midst of locking many new opportunities with as of yet unannounced buyers=leasors/distributors/partners. A 1-3 major sales and this stock flies over a buck. I would advise just chilling for now and let the money invested ride for at least 6 months time. I have to believe you will be rewarded for your patience. PR this week by Cousteau is great for us all, as are all of the awards and recognition they have garnered the past 2 years. Keep you eye on the ball, and don't let the detractors that post hear shake your confidence in ET. This company is one great jolt from catapulting in a major way. LOXOMO
Sentiment: Strong Buy
Rg, I am not related to Esph in any way. I have NO inside info. My average cost is 50 cents and I have a large position. I feel Dennis and families income is disproportionate to current company results. I feel they should defer part of their salary until cash flow justifies their receipt.. I judge people by the Company they keep. ET has surrounded themselves with Giants. The Products are more than ordinary. The size of the Apps potential is huge. Its' one thing to have potential. It's another thing to accomplish those goals. The ARB "loss" impairs ET's ability. I'm in soo deep I can't afford to sell now. Nor do I want to. Let ICAP close a deal with a strategic partner. Let the State of FL/ Corps of Engineers give a contract to clean up the waterways (which would be sizeable). Let the PowerCube be taken on by an Industry Leader and all of our apprehension will be for naught. We've been under stress for two years from poor ET results, poor ET communication, and constant bashing. Let unassailable revenues come in and we'll all smile. Until that time I have to be patient. The IP is worth more than the debt. If ET doesn't perform well in the next 1-2 years, we're all in deep do-do.
Hi badger and eagle: I haven't posted in quite some time but I follow the message board daily. Both of you have been a main source of inspiration and wise counsel regarding esph and I thank you both for your input to this board. If either of you would care to respond, I would appreciate your honest opinions on exactly where you believe the company stands now and what the future holds for it. I bought in as long ago as .40 a share and, obviously, as I'm sure with everyone else, I'm debating whether or not to keep my position. Thanking you in advance for responding.
Lil pete always uses the sympathy angle all the time.Always trying to put a homey face on scamming and pumping.Sounds like lil pete has an answer or example for everything,so pete tell us,when you started out with 800.00 and a phone did you pay yourself 400.00 a week?Did you pay your family anything out of the 800.00?Maybe it's time to tell Dennis how you made it.
Just the other day you were hoping for sympathy with your malady,now your hoping to make a bundle off someone's losses.Just remember,God doesn't take kindly to stupid people.
So refresh my memory kev, where is slphq today?Been on this board way before the crooked CEO decided to sue hal,so the the real question is,are you an idiot kev?
The dung beetles B,E and P are hard at work trying to come up with answers to your questions mis, which I'm sure will be conjecture or dribble as usual and as soon as one comes up with something, the other two will kiss his rear end with a compliment.
I WAS an investor, read the post carefully. The stock is a losing cause period. Wake up I'm just giving you all a heads up. It is only my opinion and nothing more. Keep buying if you think it will climb; and good luck to you all.