I suspect Nassau won't be done by the first frost? Haven't heard any news about them breaking ground yet despite their posting on Facebook days ago to pay attention to youtube for news updates.
nearly two months since you predicted an update regarding the EPA approval of the sponge possibly happening "soon". This is exactly why I cautioned you that Abtech's definition of soon may be different from those of others here on this board. That is why mgmt. gets itself into trouble with "Joe Investor" time and time again. What is your opinion of what will come first by the end of this year? The big news? Or the big write off?
Please don't take offense…Just looking for the opposing argument that counters Mako's long held beliefs.
Key phrase show me the money stock…The Corvias deal does not disclose any terms but it will stop some bleeding by paying at least the salaries for some in the AEWS group that are helping with the design, plus whatever and however Abtech's products get worked into the overall project. Nassau will most likely get expanded and they may even get the other New England project they've hinted at, but although these will provide needed revenues, we don't really know how profitable these projects will be, or how long before those revenues get realized. I'm not sure what is holding up any oil and gas contracts if the sponge has proven to be so successful and economical in the field testing, but if they land a deal there it will go a long way to making this company appealing to investors and their bottom line.
Great development but still need customers to sell it to
The narcissistic, self centered, emotionally wounded, jack #$%$ has made his anticipated appearance to verbally puke on his shoes again. When this company finally gets its big break he'll be the first to say " I knew this company would make it big the whole time, never doubted it, must have been my instincts as a former federal prosecutor, I'm awesome, and I love me….yaaaayyyyy me!!!"
I think you're right Joe regarding the Corvias alignment. Although financial terms weren't discussed, more than revenue wise this is an important event because it validates Abtech's technology and broadens their reach into the storm water market. Abtech is only so big, and probably not capable of handling these types of projects on their own. This agreement essentially assures Abtech's product being designed into this project. More recognition for the SmartSponge means better possibility that it will be adopted by others in the storm water market. Better to sell the product to many than to try and compete against established companies in this space.
I also like what I heard about the oil and gas sector yesterday. If they get their foot in the door there I think this stock will run far past any of our break-even targets. It could also force water service companies such as Watts Water to take notice.
Great…maybe management can purchase shares now the big news has been disclosed to the public. Showing faith in your own company is never a bad thing, and Mr. Rink specifically stated that he believes the share price is incredibly undervalued. This is very good news but the market may need to see how much this will help Abtech's bottom line first.
His points that he tries to get across are often embellished, twisted, and subjective to his own personal feelings and emotions which lead to flawed conclusions and turn off anyone interested in an honest exchange of opinions and thoughts.. With that said, Abtech has not been able to silence this critic for going on a couple of years now. Whatever it was that resonated with you in the past to get you to move on worked out well for you. For the past year and a half I truly can't decide whether the erosion in stock price is due to a managerial ineptitude presenting hopes instead of reality based expectations, and then failing to execute, or municipal/corporate factors that prevent or delay these entities from moving forward. The spin and the hype needs to stop, and management needs to figure out how to get revenues in, because their present deals and partnerships for the past several years have just amounted to one dud after another.
These guys have been forecasting sunny, dry and 72 degrees for the past 8 qtrs. and haven't gotten it remotely correct yet. What's the spin for this thursday's CC going to be like? More of the same? Most likely.
I bet this will become the majority of their focus this coming conference call with all their previous "successes" briefly glanced and glossed over as "moving along appropriately"
yes…what good is another additive to the product if they haven't proven they can sell the product. They are also going to conduct field trials which in the past means months/years if anything at all comes from it.
If it can break into the oil and gas business there is more than a shot at making shareholders money. Ultra urban filter is also recognized as a best management practice by the EPA…you know…the organization that Mako claims "sued" Abtech.
Abtech's biggest problem to date is overstating their short term opportunities that don't seem to ever develop. Worse is the big contracts it has landed in the past over a year old that have not translated into any significant revenues, namely Nassau, Dieselpure, and Waste Management. Its a head scratcher for sure.
yes…but all joking aside, Abtech needs to get the ball rolling to silence the critics. I don't want to see the third qtr end knowing that they haven't begun Nassau yet.
Mako an individual that distorts the facts for his own purpose?…yes… but what has Abtech done to silence him?
This company's share price will continue to suck eggs until they can not only land a contract, but actually pull in revenues based on the contracts it claims to have won. Example: Nassau - one year out from award and only 3% revenue realized from the award. Deisel Pure, almost one year out from award and no units sold to
date. None…but they claim they may sell 5 in six months time, down from the 125 units Johnathan Thatcher said they may sell in 2014. UK Landfill…2+ years they've been talking about it, and nothing has become of it.
These guys may be smart, and have a great product, but they have not proven they can sell it.
perhaps thats whats needed to alleviate any reservations that potential customers may have in the storm water market. May help the stock price too.
Donny…mako is full of it, it is well known among the regular users on this board.
I for one have never been concerned about the EPA with regard to Abtech, I just felt as though it would all eventually get ironed out…an information and procedural issue if you will. I do have one thing to say about your post regarding the "big news" to be announced soon. Being unaware of how you heard this or who your source is, I do not doubt at some point this will be announced…just be aware that Abtech's definition of "soon" is probably not the same as yours or any of the rest of us on this board. Its words like "soon" that get our hopes up only to go months and sometimes years with no further follow up… the UK landfill opportunity would be a great example of this.
great advocate for the company and technology…but still no significant revenues or signs of any changes to industry sentiment.