the recommendation you mention are done through automatic systems. No real analysts. The reason why MBI is still standing at 50% discount of TBV is because we havent had a catalyt to justify a higher price for a minority shareholder. We have to see either some business pick up or have the company to go in runoff mode.
10Q is out, but I doubt this is the culprit. Nothing earth chattering but shows current management is committed since they spent an excruciating time fixing errors in reporting derivative and else. The drop does make more sens than this 20% jump. this company is either worth 0 or 10c.
apparently some are scared by the restatement. That should be the least of their problems since this is paper restatement No revenues recognition involve by default unfortunately :-(
DEP spokesman Dan Spadoni said the operators will not be required to obtain a hazardous waste permit. “Frack flow-back water is classified as residual waste in Pennsylvania, which is a non-hazardous industrial waste,” Spadoni said.
He added that the operator has not yet announced a construction timetable.
David Kailbourne from RevH2O, speaking to the Potter County Planning Commission, said the plant will “press” the solids out of the dirty water. They will be kept in a holding tank until they are transferred to a licensed landfill. About 10,000 pounds of sludge will be trucked from the site every two days.
Plan calls for four bays, each equipped with a canopy and surrounded by a trench for catching any water that spills. Each bay will also contain a catch basin for drips and or spills. Under the concrete, there will be a safety “membrane” for extra protection against spills getting into the ground water.
The treatment process is described by RevH2O as “completely mechanical, chemical-free, with zero emissions.”
Spadoni said the department will assure that all state environmental regulations are met. Planning Director Charlotte Dietrich said RevH2O “is going above and beyond what they are required to do” in assuring there are no spills or leaks.
County planners do have concerns about the high volume of tanker truck traffic that will be using Rt. 49 and the connecting road to the plant.
A RevH2O spokesman said the company already has a business relationship with Hoopes Trucking for the hauling of gas drilling waste water. RevH2O purchased the property for the plant from the Hoopes family.
Officials confident in facility’s safety measures
State, county and industry officials all express confi- dence in the environmental protection measures that will be put in place at the Headwaters Reclamation Project near Ulysses.
Some citizens have expressed concern about potential degradation of the Allegheny River headwaters once a massive water treatment plant is built on a 34-acre tract off Rt. 49, just south of Ulysses Borough. Plan calls for a 10.5-acre, “zero-discharge” water recycling facility to serve companies providing water for deep natural gas well drilling across a wide area.
The plant will run ‘round the clock and treat a maximum of 420,000 gallons per day. Major components include a 1.1 million gallon brine tank and a 1.16 million gallon treated water tank.
Contaminated hydraulic fracturing waste water will be trucked to the treatment facility and the recycled water will be resold for additional use in gas wells.
Operator is RevH2O, LLC. Pa. Dept. of Environmental Protection (DEP) approval is on hold, pending bond submission.
have you noticed that recently the stock is coming back almost flat at the end of the day with a few thousand.
could be day traders that try to make $100 a day.
enjoy your filtered maple syrup
Sionix new management seems to be under promising compare to the previous that over promised and never delivered.
what's your problem Geo? I did not insult you, just exchanged views. you are not someone that has no idea what he is talking about, right ?