You did not read my first sentence Brian, the Dawson people ruined that, we are stuck and there still is a wall of shares around 10c. Trump is putting on the squeeze, you know as well as I do that if they don't get a major contract with some up front payments by Feb they won't be able to pay that kind of interest and it's all over. You are optimistic, I still have a very little bit of hope but have become far, far more skeptical. The ads for people is a good find but they basically had to do that, it's a marketing ploy. Since Greg got rid of everybody, any Oil Co looking at TMEN will say you don't have the people to perform the job. They will only be hired if they actually get a contract. You think that will happen, I doubt it very much considering the past and the current market conditions but I do hope you will be right.You can do what you want on this board and others, I will do likewise.
If you have more than a few thousand shares you can't sell anymore, it collapses the price altogether because there are no buyers (except occasionally GVH). You may as well wait for the coming BK where Trump will take over the Co's assets for the price of his loan and the shares are cancelled. Trump can afford to wait until 2015 or whenever regulations are put in place to force the Oil Cos to recycle and clean water. Without federal environmental legislation TMEN, OMNI (also not getting anywhere) and other independents are finding that the big Frackwater market remains a distant mirage.
Or: you can keep your head in the sand, fend off all criticism with simpleminded one liners and keep hoping for a miracle.
Worth a bump. The silence from corporate is deafening. The excuse is they can't disclose due to the litigation but that is nonsense. Every one knows that licensing Gabriel or the Domain registry has nothing to do with the Apple court case. It sure looks like that their technology business model is dead.
Yes and by Larsen's own predictions of significant sales in the second half Gabriel is a dud. Lite is out now everywhere but no one seems to need or want Gabriel. In addition, it looks more and more likely with each passing day that Judge Davis will not make any further rulings until the appeal is ruled upon, a sensible course from a judicial viewpoint. Unfortunately, that leaves this as dead money until next May-June. I am long but you can call me a pessimist who hopes to be wrong.
It is not Hal but their own. It is a 100% closed loop system so flow back is not a problem.
As for calling, I doubt if Greg wants to talk about competing technologies from Omni, Hal or Apache and there are several others. Also, TMEN's management is not going to listen to advise from me on what they should do which is partner or sell. I have already stated that publicly and privately a couple of times in the past. There is nothing more to talk about. Even if they get a substantial order, say 10-20M they are by no means out of the financial woods as anyone who can read and understand a 10Q can see and there is a wall of stock for sale at the 9-12c level.
Finally, to those who's only answer is to sell rather than discuss and face the Co's problems, I did sell most at the time of the Dawson disaster but still have some. At 2-3c it makes no sense to sell the rest, it's just a little gamble now, awful odds but not quite zero yet.
It is also easy to get people to believe in and see conspiracies everywhere. MF recommends stocks and you pay for their advice so its up to you. SA is a forum of independent bloggers who get paid a small amount for their research. Most have a following and blog about a number of stocks. Believe them or not but there is no conspiracy.
They are. Their name has come up before. They have a prototype unit operating in a West Texas Marathon oil field. They use Dow developed filters to clean the water for re-use. I think TMEN's tech is superior and also smaller for the same throughput. I don't know cost. They are at the same point as TMEN, a small Co with demonstrated tech waiting for a buyer. More serious is direct competition from an actual driller, in this case Apache Co, the major driller in Texas. They have developed a technique to store, use, then chemically clean and reclaim water reducing water cost from $ 2.70/barrel to 57c. The water remains brackish but good enough for reuse. They plan to use this on all their wells in the area. Their spokesperson said that several Co's had approached them with their water clean and re-use solutions but that their own technique was the best tech/logistics/cost solution of all. This may (just a guess) explain why TMEN has (so far) not been able to get a frack water contract in that area. The only down side to the Apache method is that it depends on the availability of an underground (way below drinking water) source of water. These brackish far underground water sources exist in other areas but may not exist under other oil fields. Since TMEN is not communicating we do not know where else they are marketing their units.
Write, e-mail, call do whatever you are comfortable with, I make no distinction but do something. I did. Interesting that all three of you you are getting hung up on this detail and what I should do rather than the dismal business picture I posted. Chicago on the other hand responded to the subject in my post, not me (mostly) as it should be except that he does not know and underestimates my business experience. He has a very positive view, has had this for 5+ years whenever a new market or Mgmt person appears he embraces it or him. I am more skeptical, so I posted the other side of the coin. Looking back, it looks like my skeptical view has been right. Looking forward, for all of your sakes, I hope he is right this time.
Are you visually challenged? Read the last sentence again. I did, apparently you have not. Argue with my points, but not with ignorant one liners.
Except for a few naysayers not holding stock few longs here question the tech. The potential has also always been there, you have done similar analyses on ARP, Glycol, remember Biogas with 8000 units? and now Frack which also looks great. The problem is execution. TMEN's successive managements have not been able to break into any of these. Frack is not as new as you say it is. A demo unit was sold in June of 2012 under Cary and at that time we had many sales guys running around trying to sell it elsewhere. With new mgmt. these were let go and in came expert Bailey who quit under mysterious circumstances after only 4-5 months. Now here we sit again, the stock is badly diluted and we are only 4 months away from running again out of money and likely bk with still no contracts. Why? What is the problem? No one knows and they don't say and please stop with the more time.
You mention that they are small and maybe that is the problem. All the Co's in the water business are many times larger than TMEN and I for one find it hard to believe that a major oil co would sign up with little TMEN with no sales and financially teetering on the edge. They have teamed in the past with large companies like Babcock and Acorn, why not do so again?. I have spoken out about this and written letters but apparently am just a lone voice. Longs, instead of #$%$ here, send letters to Mgmt asking for action.
There are a whole bunch of Chinese stocks similarly undervalued, LIWA, GURE, HIHO etc, all good companies with solid records but as we have recently seen with NQ, sharks like Muddy Waters can come out at any time with some trumped up story of fraud and your stock will tank overnight. It can then be months before it recovers. They can't do that with a U.S. Co, they get sued and disciplined by the SEC but Chinese Co's are fair game and they play on the very real scams of the past. I don't know when this will end, perhaps when the Chinese will accept SEC review of their Co's, I hear some talks to that effect are in progress. Until then best invest long term.
There is another Seeking Alpha article that explains its dependence on the oil price and risk due to a substantial debt. It did push it up 4c but may not last. It looks that in the near future the price of oil is dropping so this may be a good longer term investment.
It's incredible that some two bit judge can hold a Co hostage even when all parties agree to a settlement just because of his personal feelings on whether it is procedurally adequate.
Yes. I was beginning to think that the good judge might just delay any more rulings until the appeal is settled. With Gabriel and Domain not seeming to get any traction (sorry, have to agree with Terp here) that would make VHC dead money for the next 6 months. Hope I am wrong.......
Finally someone who (also) sees the root of the problem here. The rest is noise. I wonder how much longer it will take for the Pipe investors to unite and do something about it. This remote (still too charmed and indoctrinated) but interesting possibility makes me come around once & a while to take a peak. I see the promise here and would invest immediately if Bret was removed.
Yeah, duh. Because I was one of the protest filers I got (Fed-ex even) the notice of the cancellation of the Oct 22 hearing. No new hearing is scheduled at this time, the filing of protest letters is acknowledged by the "Foreign Representative" but he "does not intend to address these at this time". Wiser Oil is also listed as a Debtor. Anything can still happen imo, a Wiser Oil takeover with bankruptcy (goodbye commons) or without, i.e. withdrawal of the filing in which case we keep our shares at ??/sh. I think the judge is letting this stew for a while, probably until next year to see what if anything the parties decide to do.