There will be no volume until if and when Hicks takes the positive route that was outlined to him on numerous occasion. So tell us something we all don't know! All of us can read that there is basically no volume.
Tell us something we don't already know! Hicks, as controlling shareholder and President, needs to either the Company fund himself or raise at least $3M as well as replace your pal, the fat pig, as CEO with a top-notch executive from the waste water segment who can prove that the FRU is a viable, saleable machine by securing significant sales. Otherwise, may it rest in peace!
A turnaround will never happen without a CEO with the experience I outlined. We could debate this forever but without the funding and the key executive to spearhead this effort, the coffin on PSWS will finally be closed. That is it for me. AMEN!
His resume doesn't dove-tail perfectly with the job. Now that is a gross understatement if I ever heard one! Does he have strong sales relationships with the customer base that the company is targeting? Can he call the decision-makers at these Global, Nat'l, State and Local govt agencies as well as at industrial mfgrs and get a meeting due to his prior successful relationship? Does he have credibility with the customer base? The answer is NO from what I read!
Hicks approach is thrown Michel into the position and hopefully make the shareholders believe that the Company has filled the position with a top-notch, well connected sales executive. He is only fooling himself, no one else! Well maybe you. Hicks must do a thorough and professional search if his true intentions are to attempt to turn the Company around. That's substance, not semantics!
Tell me, if you can, where Michel worked that he gain manufacturing and sales experience in the Industrial Technology Manufacturing sector of industry selling heavy machinery products to govt agencies, variety of industrial mfg industries, oil/gas industry?
I did not see that in his qualifications which are correctly stated if you had researched his career. Unless Hicks does a serious and thorough search, it will never be known whether there is an ideal candidate willing to involve oneself with this Company. I believe that there is someone available who meets the criteria in the profile I outlined and will accept the position provided he/she assesses that the FRU is a viable machine and that he/she can sell it to their contacts in the targeted customer base. To attract someone, the amount of shares granted is the determining factor to entice an ideal candidate, not the base salary. This is a sweat equity deal.
If Hicks finds the ideal candidate, I will be the first to acknowledge a job well done. Let's see him do it instead of issuing financial reports on preferred shares, additional outstanding shares, R/S, etc. He should be focused on funding and revenues and eventually PROFITS! Where I come from, it is called operating a business to make the top line and bottom line attractive for investors to invest.
Michel is a poor act of "window dressing" by Hicks which is normally to create a favorable impression. Well at least he impressed you but that is not surprising.
Running a public company is about producing positive results for the shareholders. If the results are there, in most cases, the CEO will be liked by the shareholders.
With regard to Michel, no background/experience for this position. PERIOD! We will see what he can do if we ever hear his name again. We disagree, which is fine, so let's move on.
Well now that Hicks has 10B shares available, he has more than enough shares available to receive his 2B shares or more due him for Jan through March for consulting. He can also commence a search to find a top-notch CEO who can assess that the FRU is a viable saleable technology and that he/she can sell significant machines to his/her relationships in govt/industry proving that the FRU is viable and has a needed niche. He would need to terminate LK and utilize her salary to pay the new CEO. Of course, he still needs to fund $3M. We will see what happens but don't hold your breathe.
Tell us something we don't already know. It is the same thing with you always. I can only assume that Gem's post about your rage over cp?? is true since you did not give your side. It is hard to believe that someone who is not an investor would waste their time on this Company for years, particularly one like PSWS. It must be personal! You should get over it and move on.
This is no surprise! The R/S ratio depends on the price that Hicks can drive it to. Initially the price may go below .0001 and maybe substantially. Now we wait for the next shoe to drop.
Liguy-Not ONE(1) that I am aware of but he probably never tried because he has no background or experience in these matters. In order to possibly accomplish this, he needs to supply the capital and bring in a successful executive to lead the charge and support the effort while staying out of the way. Although this is not his normal manner of operating, it would behoove all shareholders, the Company and particularly Hicks most, if he followed this path provided his tremendous greed for a possible huge payout is in his DNA and as huge as is believed. We will see but don't hold your breathe.
Good! I challenge him to name one(1) individual in the past 5-7 years or ever involved with Company who has/had the experience within or knowledge of the water purification/waste water industries and could determine/assess whether the FRU is a viable saleable machine and can prove it has a true niche by selling significant machines to a variety of customers. He can't so we will never know for sure unless Hicks takes the necessary actions.
yes-I have said enough to him. He will never understand. If Hicks was to announce the funding and that a search was underway, we would all wish that we had 10s of millions of shares at .0001. Hicks is too clever and greedy not to recognize this.
You are still looking in the past. The big picture is Hicks bringing into this Company a top-notched mgt which has never been in place at this Company. It has been operated by a total group of incompetents which included consultants, special advisors, etc who also fit that mode. Again, if a highly qualified and knowledgeable candidate assesses that the FRU is a viable saleable machine after an evaluation and agrees to join the Company, it will be his/her task to prove the viability by spearheading the sales effort to prove that there is a market niche for the FRU by securing significant sales.
I have no confidence or find any credibility in anyone who was with the Company in the past. I have totally disregarded them! I will only know if the FRU is viable or not by Hicks going through the recruiting process for an executive with the solid credentials to make such an assessment and once hired prove it is a saleable machine by selling it to his/her's and the sales team's relationships/contact in govts/industrial companies, waste mgt/water entities and even entering into licensing agreements. Then I will know if the FRU is viable or not!
You never answered to me because I have no idea why you waste your time on a stock which you never owned. Can't understand why you are so involved in this stock? If you do invest in the mkt, there are thousands of stocks to invest in instead of spending time on a stock you never owned-just ridiculous!
If he believes that the FRU is viable but realizes that he needs outside assistance to prove it is saleable, as a savvy businessman, he will see the tiny risk in $3M in funding for a possible huge payout. He will have over $2B shares if the price for Jan-March is at .0001 and if lower, a greater amount. Add in the 600M shares from prior months and the amount is approximately $3B shares. If the price reaches .01 and R/S at 500 to 1, he has 6M shares at $5.00 or $30M profit. If it reaches my # of .03 and R/S at 167 to 1, he has 18M shares at $5.00 or $90 profit. Not a bad risk for $3M and what if it goes much higher? So if I had an investment vehicle like Southridge and believed in the viability of the FRU, funding the $3M and bringing in a top-notch executive who agrees to joining the Company after assessing that it is a viable machine and believes that he/she can, with a small team of sales personnel, sell this machine and turn it into a real business, it seems to me to be a small risk for a big payout. I also believe that just funding the $3M and hiring a top-notch CEO will move the share price substantially perhaps to .005/share or more, providing Hicks with at least a $15M profit less his $3M investment. Your problem is that you keep looking at what happened in the past and should be focusing on the current big picture.