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.
Judson Hill a director acquired 154,545 shares on 11-24-14. Not certain if these were open market trades or exercising options but the acquisition occurred on the same day as the other insider activity.
For the two previous board members to pony up and dig deep yet again along with the others that provided this latest round of financing, should not be considered any less than a deep commitment and belief that there is something to be had here with this company. I would be hesitant to call it good news yet...as I believe that is yet to come, but its definitely a good sign of support.
Good sign of faith but for the next few qtrs. I only expect flat to a small sequential rise in revenues. Looks like any significant revenue is delayed until 2nd qtr '15 at best but most likely 3rd.
Hopefully there are contract announcements between now and then that will keep the stock price from deteriorating any further. An oil and gas deal would boost the share price and Corvias could also add a surprise but any potential information Abtech has provided has been limited so who knows what to really expect.
4 directors and one officer buy shares on 11-26-14
David Greenwald 81k shares @ .33
Karl Sietz 128 shares @ .33
Olivia Farr 78k @ .33
William McCartney 78k @ .33
William Brennan 46k @ .33
Obviously legal gave them the green light. So perhaps all near term big news has been disclosed?
They inked an agreement today for Nuverra to install 150 miles of pipelines to deliver fresh water and return produced and flowback water for disposal and recycling. Abtech needs to get its mobile units at the end of a few of these pipelines at recycling centers. Side note...Nuverra's CEO purchased 50k shares of his own company's stock just days before this announcement. Apparently his company's legal team was not contacted before this purchase or has a different interpretation of what insider information is. Will be interesting to see if anything comes of that.