I'll take any good news. Management is still an issue but some good news is better than radio silence. It also indicates that Brasil expects the company to be in existence for the near term. Who would spend a few mil on a proprietary machine if they thought their existence was questionable? Also the expansion into a new market is encouraging. Believe me, this does not solve the issues that I have with the company as a whole but it certainly is encouraging.
Hart, thanks for the insight.
Holy Ship! I hope the good news keeps coming. I want to eat crow! Maybe there is some light at the end of the tunnel.
The fact of the matter is that they do not make money and they have not done so in numerous quarters. People that visit this MB should know that. There is no communication from the company on business matters, the CEO is a convicted felon and the Board is comprised of numerous family members. That should be noted as well.
Peter, I'm glad there are shareholders like you that are sincerely "all in" . I would strongly discourage you from having friends or family buy into this dog until they prove they have a revenue stream. What's in it for you? You already have the love from the family. What happens if they lose thousands? Is the reward greater than the risk? What is the reward? I'm only speaking from experience...
Pete, I'll be there in September. Please get me the information. I will be truthfull and honest with your clan too. I can't wait to hear how you sell ESPH to them. What delusions of grandeur you will sell them on. On a side note, activist investors on a .15 stock is pretty ludicrous suggestion. Use your connections on the inside to communicate for all of us shareholders that they are a public company and that they have an obligation to shareholders. Part of that obligation is basic communication. When they release information about potential business they obviously do this for promotion purposes. We would expect updates as to where this significant news is going. Dominion for example. Where are we with this Peter? Mining?
I'm curious, what's your pitch going to be? Maybe posting it on the MB would help attract new investors and counter all the "negative" posters.
What DA would sell now with the pending arbitration? It's the only hope. Most on this board are down and those who aren't massively down have averaged down to cut their losses hoping for the best. If all this goes to hell I'm sure all of you living in the fairy tale will eat crow. I would love to eat crow and apologize to all of you but the chances of that happening are slim to none. Look at the facts. Look at the reality. Look at the performance. Look at the sales numbers. Look at employee salaries. Look at the family personnel. Look at the convicted felon running the company who can't get past his own ego and do the right thing. They want to get off the OTC? What steps have they taken to accomplish this? The first step is increasing shareholder value then we can move on to the other issues. Would Wall Street accept a convicted felon as CEO? Do they have sales numbers? Reputation? Do they have revenue without dilution? Proper management team put together? No major conflicts of interest? Mac has money and will continue to make money but he needs to let somebody else take the reigns of the business. We don't need an inventor running the business end. He's had his chance and it hasn't worked. Has it? Maybe I'm missing something. Please enlighten me to where I am wrong.
BTW, I'm po'd and I'm only holding 25,000 shares. I could only imagine how I would feel if I was holding 700k + shares. GLT to SGI and the other "Bashers". We hope we all get lucky and you all living in the fairy tale prove us wrong.
Sgi, props to you. You do the most pertinent research on this board. The facts are the facts....take them or leave them. This company does not care about shareholder value, obviously. What they do seems to care about is milking the company for their personal gain. It sounds like a broken record but there is no communication. If there was good news to be had they would release it. Stuart County Florida propert appraiser has some additional information they may or may not be pertinent to your research.
Badge, don't you get it? Where are we going with this group? Have they not had sufficient time to turn this around? How long do you allow them to stay in control down the path to nowhere? It is incomprehensible to have as many family members in the inner circle. Are you telling me that they were the most qualified people available for their positions? One, maybe, two and you're teetering on suspiciousness and more than that is a bad a choice. Sgi and decrete are bringing up shocking facts. I wish I had done better DD because having that many people from one family in a publicly traded company is a huge red flag. Who is keeping this guy in check? Do you think the kids are going to speak up against their daddy? They probably kiss the ground he walks on. It is one of the worst conflict of interest cases that I have seen. How can you have confidence in the leader of a company that hires his famiy instead of better qualified candidates. There is no argument to defend these decisions. He is not qualified to run this company if he can't hire persons based on their merits and qualifications. It's pretty scary.
The point being, the quickest way to bolster shareholder value is to get "The Family" out. Dennis will still get his payments.
Very good observation T. The only persons that have had positive feedback about their on-site visits are the optimists that never answer the difficult questions. The shareholder meeting is seasoned to their flavor.
I'll chip in to fund a visit by SGI, T. Hart, dcrete, cust. We can then get the real picture of things. I doubt they will get snowed over.
Set it up eagle, peter, badge. If one of them agrees, you have the contacts to make it happen.
Just an interesting observation. While a was on the ESPH site, exploring the new PC, I went to the Company tab and noticed their Business Model on the drop down menu. Pretty amusing that they still list Hydrozonix as their licensing partner. The meter is still on 2,700,000,000 barrels and they haven't updated it since December 2012. They also claim a 90% increase in total revenue YTD and 212% increase in licensing and IP revenue (2012). The good old days of promise. I encourage the optimists to point that out to management. Time for an update and to shed some light on their "new" business plan.
BTW, get well Peter and I hope all goes well for you.
What exactly is patented on the PC? The set up? Can the concept or idea be copied and built differently to skirt the patent. It's hard for me to imagine that if there is a market for the PC that ESPH can do it better than others. Wasn't it Cousteau who challenged the team to build this? For what? Does he have a market? To me, it's a complete joke. A water processing company building a solar powered energy source. If there is a market they should already have orders. If one of these does not sell within the next 30-45 days, then it was a waste of precious resources.
Hart, good news on the mining front. They finally registered Ecosphere Mining, LLC in Utah on 4/17/14! A big change from your March visit ! How does it translate into making money? I have no idea, but I'm sure they will make an announcement soon!
You get my point...
Hey, guys. I'm new to this board. I'm thinking about investing a chunk of money into this stock. The technology seems incredible. Can anyone give me some sale numbers? Information on contracts? In what fields does this technology fit and where are the machines working? How is the arb going (I can't find any information). Do they have good communication with shareholders? Is the CEO's pay tied to profitability? How is their balance sheet?
Thanks for the information. I would prefer if only Peter, Eagle, Hurst, or Badge answer the questions.
I'm not sure what there is to enjoy. If the steps were being taken and the effort was being put into listing on the big board, that would be one thing. Unfortunately, management has been sucked up into their turtle shells and they are going the opposite way. Not much to enjoy except the hope for a good arbitration outcome. Don't get me wrong, maybe there will be something good that will come out of the arbitration. That is the only hope. On the business side, there is nothing to be upbeat about.
CPST is a company with promise. Management doesn't always deliver as promised but they communicate and always explain their misses. Overall, their REVENUE and BACKLOG continue to grow. They should break even next quarter. What a concept. When was the last time we heard from management at ESPH? Not including a press release about a new patent or award. Hoping for the arb so I can break even and get out. You should have put your ESPH money in CPST. Not sure of the synergy with ESPH. It would increase the price of the units they don't sell.
Why would we want that? Take out the arbitration and everything is going extremely well. Sales are up, they are making money, the power cube has multiple pre-orders, the mining segment is finally taking off (office in Utah), hydrosphere has put in more EF-80 orders, FNF has put in additional orders, etc...
Let's put the sensitivity aside and look at the real picture. Which one of those statements is true? So who is rational and who is irrational?
Badge, I'm gonna side with SGI on this one. This is a high risk stock! Unless you have money to lose, you should not be investing in this company! They have shown nothing or reported anything that has been money making in numerous quarters. They are on the edge of BK, and the only reason why it has not happened is because of the sale of assets(dilution). If this was a quality, investable company then the stock price would show it. It's been all bad news and the depreciation of the stock price coincides with nothing happening. If they fail to win in arbitration, where do you think they're headed? They don't make money. It's the cold hard truth. I hope for better, but until they make money, they're losing it. It can't last forever. It would be nice to know what the plan is. Can the patents be monetized? There is zero communication in troubled times. It doesn't bode well. Potential investors should be aware so they don't lose their a-- if the arbitration doesn't go their way.
If there was something business related to discuss maybe this message board would be a little more engaging. Since there isn't, what do you expect? The positive news back in the day has not amounted to squat! Dominion? Hydrosphere? Mining? Give me something that is concrete to be positive about! I'm not on a religious journey. Business rules aren't written on hope and faith.
Peter, you can't actually be happy with the performance of the company over the last 1.5 years. Are you? By the way, I do love your enthusiasm. At some point, the potential has to come to fruition. How much longer will you give them to turn the potential into money? I once thought that the potential for ET in licensing, machines, and the fracking market was unlimited but nothing has been capitalized. We have diluted assets to survive and the technology potential has been limited. If you build a better mousetrap people will buy it, right? If you believe that strongly in this technology, I would think that you would expect management to capitalize on it. If they don't than I would expect you would want a change. We are floundering in the water. If I was a potential investor looking at this stock as a flyer, why would I invest in this company after reading their quarterly? Or the yearly, minus the asset sale? There has been nothing positive in numerous quarters. I will never get personal on these boards and I like your artwork. Look at me as a contrarian and this banter is healthy.