Sorry buddy...I forgot to tell you when Nassau got "rolling". It's rolling now. Also...looks like the EPA backed off their "lawsuit" recently. One less thing to complain about huh? Thanks anyway for your latest contribution to the conversation by dropping another deuce on the floor. Always a pleasure
Third Qtr. will be key but I think they get there if the UK evaporator opportunities pan out. If the evaporator turns out to be a dud they don't come close.
"On February 5, 2015 the Company's Board of Directors also granted stock options to executive officers of the Company with vesting conditioned upon the Company achieving a minimum gross margin on sales (sales less cost of goods sold) of $5 million during the fiscal year ending December 31, 2015. The stock options, if vested, will also have a ten-year term and an exercise price of $0.34 per share. The following table sets forth the names of the executives granted these options and the number of option shares granted"
Although it states "Gross Margin on sales"... they define it above as sales less the cost of goods, which I thought was considered to be a definition of gross profit.
Can anyone offer some insight here? I thought gross margin was represented as a percentage value. Do they really mean Gross Profit here? If that's the case they would really have to blow the expected revenues of 20 million this year way out of the water. Especially since Nassau hasn't been represented as being enough to cover operations in and of itself.
No in years past they have had their 4th qtr earnings announcement towards the end of March. I forget exactly why they do that but it coincides with some sort of paperwork they file. We should hear of some sort of update soon regarding the evaporator or another deal though but they never seem to get their timing right in terms of projected awards. I thought we would hear of news soon as we are now sitting very close to the 200 day moving average of .37....we have hit .35 four times recently only to pull back. I would suspect that if we hear nothing in the next 2 weeks it will be back down we go. JMHO
On the LD Micro presentation last Dec. Rink specifically states during one of his test tube demonstrations that the cleaned water is not intended to be used for drinking water. Whoever wrote that blurb must not have had their story straight.
They are also presenting at The Brewer Group Innovations Conference on Feb 9th in Miami Beach. An announcement of an Evaporator install would be something of substance to talk about if they are fortunate enough to get that done.
The volume seems to be consistent since the new year. The selling for the most part has been shaken out due to end of year tax loss selling but every morning this week there has been some early buy orders. I think some of those that sold in Dec. are now getting back in and we will see this stabilize as you say in the mid .30s. If we see or hear of any news then we may bump higher into the .40s but if we stay in this pattern of only talking about the opportunities, and not cashing in on them we head back down. The install of the first evaporator should happen in the next few weeks as stated but they have yet to hit one of their own projected timelines yet. In short, be hopeful but don't hold your breath.
"We anticipate installation of the first unit in February of 2015 and the sales of the additional units in the third quarter of 2015."
How's the timing going on this Smartvest2011? Still on schedule?
Its been stated that Abtech is in discussion with several potential service providers in the oil and gas business and that they are currently deciding who to license their technology to. Here's hoping that they soon decide that a bird in hand is worth two in the bush. In other words, I'd hate to see shareholders get excited 6 months from now that the share price has doubled, because its realistic that it could potentially drop 50% more from here before that decision is made. Perhaps some other recent posters on this board could offer some insight?
I feel it is clear...Its stating that the EPA approval for Smart sponge plus is no longer conditional. That the time limitation that was imposed on the product no longer exists. Its now an unconditional approval.
Anyway, its not a game changer per say...it just finally puts the issue to rest.
Quote from Rink on last CC transcript:
Here is the current status on the UK and its opportunities. On September 18, we completed a memorandum of terms with a large subsidiary of a FTSE 250 company to be the first customer of the waste heat version of the separator. The memorandum of terms requires a commercial installation and commercial services agreements that completed prior – to be completed prior to December 31, 2014.
Will we hear something about a contract this week?
J. Thatcher bought 10k shares yesterday the 23rd of Dec
This one smells like an open market purchase as the order filled at two separate price points. Better than nothing but its only a $3k investment
Happy Holidays everyone!!
This Company washes fleet trucks... posted From their website:
Sparkle Wash of Denver uses AbTech Industries Smart Sponge proven oil spill containment system for use in oil-spill clean up, or whenever our clients need to or want to capture the pressure-washing residue to provide a green proactive approach for possible oil discharges or other contaminants runoff. The Smart Sponge is compliant with Spill Prevention, Control and Countermeasure (SPCC). AbTech’s Smart Sponge recovers and fully encapsulates the recovered oil, resulting in a substantially more effective response that prevents absorbed oil from leaching. Once the oil is absorbed, the Smart Sponge transforms the pollutants into a stable solid for easy recycling, providing a closed-loop solution to water pollution.
You'll know when it finally happens because it will jump 25% or more in one day...but it sure won't happen until a significant event occurs.
Abtech's revenue from PGC will be highly dependent upon what types of systems are designed and installed into the project. Investors should hope for numerous vaults and pipeline adaptations. There is also a project that Corvias and Abtech claimed they were jointly pursuing in the Tri-state area which was described as near term, and another Abtech was pursuing on its own described as similar in size to Nassau. There is also the possibility of an expansion of Nassau (which is hardly worth mentioning near term as the original project has been mired by delays)
In short, early 2015 could be filled with some sizable announcements. Revenues may grow slightly Q1 and Q2 due to upticks in UUF sales and Naylor's distribution agreement, but jump dramatically Q3 and 4. Chardan's estimate of Abtech achieving 20mil in revenues could be possible based on the storm water vertical alone. Of course thats if Nassau and other muni's stop sitting on their hands and allow work to start.