My suggestion is for anyone wanting real answers, go to the Plant in Stuart and ask your questions direct. Management has always been cordial and open to answering questions if you go with intent to learn. I have visited the plant and ASM events at least 8 or more times and have received friendly treatment. Visits frequently included 2 or 3 other people and evaluation followed with group discussion.
Sea of Green is being constructed to create a sub entity of ESPH of which ECO will own 55% of the revenue flow and earn a profit on the equipment built for each project. If it is successful, why would you want to sell off a profit maker? Business 101. You sell when you have something of value to sell and it has reached an ideal useful level of value. Will that all come together as planned? I would expect that to happen since it has been in the planning stage for a significant number of months as has been reported and progress reports have followed. To date, of course the revenue has not begun the flow level that we all would like. I trade the market daily. One thing I have learned. I haven't found any sure thing or guarantees of success. Make your own decision but search out the best information you can from the source.
This is the week of Thanksgiving and the lack of buyers today turned an up opening in to a down turn as the DOW, NSDQ, S&P went down along with the NYSE. The "up" close only softened the blow slightly. Expecting the market to do what is reasonable is like fishing down stream when all the fish have already swam up stream. Does this analogy make sense? No? Neither does the market.
Re-read the last Q report in its entirety and it becomes clear that management believes their business plan that worked in the past 5 plus years of a really bad market of over bought tankers and now in a market where they are positioned to derive more revenue while their bottom line costs are very competitive, suggests (using their information) that their revenue will continue up and the dividends will increase quarter by quarter or to say the least, be payable in comparison. As a frustrated stockholder, I will continue to buy on dips as I have and continue allowing time for the revenue to come in. The next Q report is over 2 months away. I am not giving advice but only watching events and looking for relevant observations. I see no short term answers and management states their objective rather clearly. What they are doing kept them financially strong in the past to survive and they believe that same plan will allow them to thrive in the years ahead.
Letters to stockholders by Herbjorn Hannson, CEO has explained that storage also takes place on tankers in route to destinations by the request of shippers requesting slower deliveries, which lowers fuel cost for the tankers on daily rates. NAT makes more money in the process as fuel costs are lowered by the increased efficiency. Buying on dips and stockpiling shares works best in the long run, by one hedge fund manager I am reading. Just an FYI and not a recommendation.
If you are a stock watcher and screen a list of stocks, on today's screen out of 81 stocks I watch, 8 were in the green. NAT has been in the green most of the day and is one of those stocks. The DJIA has been down around 200 points today and most of the stock have followed the DOW. Just an observation.
Having been in and a few times out of this stock in the past 10 years, that about sums up the opinions and preferences I've seen on the YMB. Not arguing that point now.
However, looking at other stocks I trade, I find few to none that the information given by management is as clear and directional as to the business plan and the way it is executed. What they say, they do. I am currently buying on dips. This is not advice for any other buyer. "I like the stock and I like the dividend," to quote a larger stockholder. For those reasons, and they are longer term reasons than the day traders, I am saying, "Yeah!"
When was it 3 years ago and more this was posted? Eyes of the law don't build create patents or a business. Start one and may be we can follow your progress. No criticism for your opinions.
Sea of Green represents a current developing project that has growing possibilities (pun-choice is yours) because of the commitments already in place. Any qualified investor is free to contact the Company (ESPH) should that be of interest. There certainly are no guarantees as to the project. If there were, the open door would already be closed. In the interest of current stockholders and those I know that don't take the time to post on the message board, as this project moves toward completion I personally look forward to more interest in ESPH. Those of you who regularly trade this current fickle stock market and follow the DOW and NASDQ as well as the S & P know how difficult trading has been. How successful will ESPH be is yet to be determined. Everyone knows this, the management knows this, the investors know this and by now it should be self evident to all. Will the message board some day recognize this, is currently unknown to me. Everyone has opinions. Opinions don't create progress. Bishop Wright in the last decade of 1890 said and I quote, "If God wanted man to fly, he would have given him wings." Thirteen years later his two son, Orville and Wilbur Wright, caused him to change his opinions.
He became their avid supporter. A great history of "The Wright Brothers" has just come off the press (May 2015)
Written by David McCullough. Read it. You may be surprised that Orville and Wilbur even succeeded. The hard work at getting any great technology off the ground is daunting. It is no surprise to me (well after much reflection)
that ESPH and the favorite villain on the message board is so roundly criticized. Poems were even written that even made the Wright Brothers look somewhere on the institutionally crazy side of bicycle builders of Dayton, Ohio.
Hurstbw, you would have to go back and read the original contract. If I remember correctly, 4 years is the time period before royalty payments are do because of other contract terms. I have no information to the contrary or as to when that will benefit Eco. I see no factual information to the contrary.
Two red thumbs? Means you reached out with some possible useful information. I am currently in Ohio and with a group of persons following this issue closely. The ballot has one party trying to pick up a monopoly position of the development that would control projects and methods. That may be voted down but the ballot issue will likely soon pass to allow Ohio to become another state to approve this new industry. Either way Sea of Green would likely become a method of choice. Just a FYI. No way to forecast.
Badgertodd2012, your accumulation of stock as some of the rest who have recognized this patented technology as a valuable asset, will be a very wise move as applications and projects increase. The developing program in Brazil is one strong potential though it will take time. The effect of that presence combined with the Olympics is unknown but may be useful. The grow cube project that is a Sea of Green long term effort has the expandable possibilities that can re-define agriculture methods. Grow cubes are expandable into large contained environments. The use of technology inside these contained environments is detailed, effective and well thought out. The use of lighting, nano particle sizing of plant nutrients, temperature control, humidity control, nutrient formulae have vastly accelerating effects on plant growth.
Two years ago when Ecosphere saw the immediate need to diversify, this new direction has gained traction and has serious potential as it expands into the other vertical projects and services. My recent visit to the plant with a qualified associate was most encouraging.
Sentiment: Strong Buy