Accepted my challenge? That's a joke, right?
Its easy math. Do you actually read the 10q's? They are barely afloat, recently financed a bridge loan to continue operations, and have only sold a total of 2 EF-10's in the last year. Excuse me, throw in the 2 EF-80's for a loss and what have you got? There better be a good quarter ahead with some royalties coming in or your money is going down the toilet.
Some fill in the blank questions for you ice melt:
Each quarter for the last 4 quarters then add them up
Units sold _______
Next set of questions but read the 10 Q for some hints
Total payments required over the next 6 months including rent, interest, repayments of debt, judgements, etc_______________
Good luck and don't melt!
You sure schooled me, Ice! Your editorial was enlightening. I'm on your side now. You made me a believer. Im buying more today.
As expected, you referenced 0 facts or reasons as to why this is a good potential investment. You are right, potential investors should read the SEC filings. In particular, they should take a close look at the financials, especially, the Liquidity section of their 10Q. You must skip over the financial information and just get right to the "hope" sections. It's all about the money, all the time.
This company is going backwards, and the only thing that will change that direction is ESPH. They are barely in business. Their profit is what? Facts are facts, Ice. Numbers are numbers. A bride loan is a bridge loan and in this instance its a lifeline to keep afloat. Great investment.
Stop wasting your time schooling the "bashers" and spend your time constructively attracting new investors. You yourself think they are influenced by this board. Why not educate. You've connected the dots. You've done your DD. Use your knowledge to Influence new investment. Any potential investor can go right to their website under the Company section and check out their "Business Model". It's inaccurate information and hasn't been uppdated since December 2012 but it looks good now. If only we could go back in time....
Facts are facts, number are numbers, refrence them in your rhetoric. Do some good with your wit, but stay away from your reasoning skills in your responses because ithey are flawed.
Sell now? After riding it down from .60 to .09? Believe me, I wish I had sold in the .20 range when I had the opportunity. Unfortunately, I was counting on the ARB, thinking we would have some sort of victory which would give the shares a boost so that I could sell my position. No point in selling now. Now it's like platyng the lotto. No real chance on winning but I still play. Hope is not a business strategy. Potential and growth prospects are what was attractive in this high risk play. Potential only lasts so long Ice. Growth has been backwards and potential has turned into a 1 round QB bust. Had the tools to be successful but was never able to put it all together.
Funny how you didn't take the challenge.
If it's too complicated touch on the good things management has done over the last few years.
Take the challenge.
Show the "new money" the reasons to invest in ESPH. Just the facts...
Crystal ball, will Ice take the challenge? Answer: No, because he doesn't have anything to back up his hope.
Please take the challenge and feel free to post all the great things that have been accomplished by ESPH over the last few years. I'd like to see how truthful the pumpers can be.
My bet is that no one is up to the challenge...
The reason for the negative sentiment on this board is because of this companies utter lack of performance. Most on this board have lost money, many have lost thousands of dollars (me included). That's hard earned money. Most, like myself, also understand the risks associated with investing in the stock market, especially, on the OTC Board. That being said, I did my DD before investing. At the time, things were going well. An exclusive contract with a minimum order every quarter, numerous awards, on the verge of profitability, etc, etc. But then it all went up in flames. The exclusive contract voided, new CEO resigns, sales became non-existent, the awards stopped and while all of this happening we get no explanation or communication from management. We still have not received any updates on the progress of ongoing projects (Blackfeet, Dominion), no word on royalties, no explanation on why a newly hired CEO would resign so abruptly (red flag), no explanation on what happened with Hydrozonix, etc. This not a sports team. I am not a cheerleader. I'm not going to be blindly passionate, hoping. Hope is not a strategy. I have skin in the game. I am an investor. As an investor I expect a certain philosophy from management of a publicly traded company, WHICH IS GROWING SHAREHOLDER VALUE. I shouldn't have to rely on information told by "insiders" on a message board. If it's not released by the company, it is BS. Anything on a message board could be as much true as it is untrue. I rely on the information released by the company because they are bound to be truthfull. I shouldnt have to call to get information they can deny they said. Should I bring up the ARB? Even the bashers thought we would receive some sort of windfall. I have no faith in Management. I have no faith in convicted felons. I have no faith that this company is headed in the right direction. Until they prove otherwise, my opinion will stay the same. HOPE IS NOT A STRATEGY!
It's been almost 90 days since the ICAP deal was signed. Where are we? Interest? We don't need specific names. Dominion? Blackfeet? Utah? Mining? Power cube sales? Interest? Royalties? Hydrozonix? How will we survive with no sales? Plan of action? Single digit stock price and nothing from the CEO who thinks he's an ostrich. The fearless leader is silent, his head buried in the sand. Not a good sign.
What's being done to attract new investors while the losers (literally) hold on hoping for a reversal of fortune?
How much more money are we wasting on Michael Harris? Now that SGI is resigned from the MB, what has happened to the stock price? It's gone down.
Why did Haliburton abandon it's patents? Was it a conflict with ESPH's patent or because there are other technologies that are cheaper and more effective?
There is a huge call to clean up water. If this technology is so good why has it not been adopted in other industries? AG? Industrial? Municipalities?
Can you take pictures next time you go by? That would help with the credibility of your post. It would also explain why they haven't orderd any additional units except those required under the agreement.
Badge, no need to kiss #$%$. LIVE TO RIDE well said. What will change the stock price is ESPH making money. If they think a message board has a detrimental effect on their stock price they are mistaken. Manipulated by some that may post, possibly, but overall, minimal. What would create some upward movement are sales and contracts. Until that happens we will be floundering around in the current range. I too wish they would do well but I'm also pizzed that I've lost a good bit of money. Actually, most on this board have lost money. The lack of communication and direction is frustrating. The lack of follow up on past "news" is frustrating. The lack of sales and contracts is frustrating. The salaries earned while the shareholders suffer is frustrating. Money spent on lawyers going after posters on a message board is frustrating. The ARB loss is frustrating. The Utah office? Frustrating. Mining? Who knows? Sell some Power Cubes, EF-80's, or patents and the stock price will take care of itself
You get my drift...
Badge, your tolerance is amazing. After numerous "ugly" 10Q's when will you demand some answers to obvious questions that need to be answered by Management? When do you say enough is enough? When there is no company? The stock is going to single digits and you continue to justify their actions and lack of communication? The lid is off, right? No reason to withhold information now. Are they not on the cusp of 11? When will you demand the truth? You can't justify this smoke and mirrors game. We need to know what the plan is! Nothing has been done to ease shareholder angst. Not a sign of a good leader as we all lose money day by day. You can average down to zero.
A strip that purifies water? Where did they get the funding to develop this? I would imagine anything that any claims to purify water would need to go through FDA testing. A pipe dream. At the very most, a long road ahead that will benefit the company after Chapt. 11, If it actually worked.
If they are a water recycling company shouldn't their resources be spent on growing that business and staying afloat? Once they accomplish that, then they can pursue other opportunities.
Bad call after bad call by Management. Where is Bledsoe? Where is Cousteau? Didnt he request the PC? Did he request the development without any guarantee of sales? and they listened? #$%$?!!!
Once a thief...always a thief.
This company is like a bad dream....like your falling into a black hole but you just keep falling and falling. It's unbelievable that the pumpers somehow put a positive spin on this POS. The 10q is worse than the ARB decision. At this point in time even the pumpers should be #$%$ about the lack of communication. Don't you think it's time? Don't we deserve an explanation on how they plan on staying alive? Shareholders get screwed while they keep it in the family and file 11. Changes in management? No. Why would they after their run of ridiculously terrible quarters. This is looking more and more like a scam to fund the family and to line the pockets. It doesn't make sense.
Peter, I hope you have cancelled the family investing group that is scheduled for September.
We see good technology on a daily that never is accepted by the market.
No sales = No business. Plain and simple. Basic.
Does anyone know if Bledsoe is still invested? How involved is he? How much power does he have influencing management? It has always made me feel better that he is involved, although, not as deep as he originally planned.
There is no defending the inflated salaries and bonuses. Bonuses are generally based upon positive performance and we all know that positive performance from ESPH has not been happening. We also know that a convicted felon should not be the CEO of any public company. It is a conflict and one that will never be supported by Wall Street. Say what you will, but diluting a company to fund exuberant salaries is a slap in shareholders faces. That being said, I also understand that in order to attract talent you need to pay. So when is the right time to make the change? It happened with Brewster and blew up in our face. The reasons were never stated but it sure did not seem pretty and left many questions in investors minds as to how f-upped the inside culture of ESPH is. Throw in the family and lack of leadership from the Board (puppets) and you have a large red flag, flying high. McGuire treats us a stepping stool to further his success, not ours. Should a narcissist be running our company?
But...I'm in it. I have not been happy with the complete lack of performance and communication but it is nice to see things starting to happen again. The reason I got in this was because of the technology and it seems as though things may be starting to roll in a positive direction (technology wise). Many questions remain and management is a huge issue but they still don't make money. If that doesn't happen very soon we will all be left in the dark. The Mcguires, however, won't be. Only time will tell.