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Abtech Holdings, Inc. Message Board

skrutt24 33 posts  |  Last Activity: 9 hours ago Member since: Jan 9, 2013
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  • 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?

  • Reply to

    Insider purchase

    by skrutt24 Dec 24, 2014 8:27 AM
    skrutt24 skrutt24 Dec 24, 2014 10:19 AM Flag

    you as well Joe!!

  • skrutt24 by skrutt24 Dec 24, 2014 8:27 AM Flag

    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!!

  • Reply to

    Old News

    by twicesilent23 Dec 19, 2014 10:29 AM
    skrutt24 skrutt24 Dec 19, 2014 10:16 PM Flag

    I've been thinking the same thing...hope its not the case though as we need to catch a break in the worst way.

  • 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.

  • Reply to

    Up on a Down Day

    by retiredarmyjoe Dec 15, 2014 5:54 PM
    skrutt24 skrutt24 Dec 15, 2014 10:52 PM Flag

    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.

  • Reply to

    Chardin restates buy rating today

    by truthbetold8888 Dec 5, 2014 10:40 AM
    skrutt24 skrutt24 Dec 6, 2014 7:51 AM Flag

    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.

  • skrutt24 skrutt24 Dec 3, 2014 7:01 AM Flag

    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.

  • Reply to

    Recent Insider buys

    by skrutt24 Nov 28, 2014 11:05 AM
    skrutt24 skrutt24 Nov 30, 2014 12:30 PM Flag

    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.

  • skrutt24 by skrutt24 Nov 28, 2014 11:05 AM Flag

    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.

  • skrutt24 skrutt24 Nov 25, 2014 1:52 PM Flag

    I think 2-5% tops. Just a guess but I only see Abtech's role as providing some engineering, and whatever amount of vaults systems or ultra urban filters. Keep in mind some of these "filtration devices" as was described could consist of retention ponds, permeated asphalt paving or other types of greenscaping which would filter the runoff through the ground. Abtech never discussed revenue potential with this partnership.

  • skrutt24 skrutt24 Nov 24, 2014 9:33 PM Flag

    I'm guessing thats the overall estimate for the entire project including engineering, pipe installations etc... There were 255 ultra urban filters installed in Easton earlier this summer per the local news article posted on Abtech's Facebook page for a total cost of 67k. This amounts to approx $250 per unit. I'm guessing most of those filters would be UUFs but there may be some vaults or other type systems figured in there as well.

  • skrutt24 skrutt24 Nov 24, 2014 6:52 PM Flag

    "Filtration devices"...hmmmm

  • skrutt24 skrutt24 Nov 21, 2014 1:53 PM Flag

    Looks like Naylor sells a product called smart gulley which looks similar to a 5 gallon bucket/basin with a three or four inch outlet near the top which would then flow into a pipe. Attached to the outlet on the interior of the basin is a cartridge like housing that contains the smart sponge. The media space doesn't look more than 5"x 5" in size. View it yourself on the Naylor Drainage webpage. Hit the Plastic Drainage link, then hit the Naylor Smart Gulley link in the text description.

  • skrutt24 skrutt24 Nov 21, 2014 12:53 PM Flag

    good point...interesting that no PR has come from Abtech though.

  • Reply to

    FIRST FROST! HIBERNATION

    by retiredarmyjoe Nov 18, 2014 6:28 PM
    skrutt24 skrutt24 Nov 19, 2014 7:05 AM Flag

    They have been playing the "too much information known by insiders" card for almost a year now as a reason they haven't been able to buy their own shares. That information has to be regarding something in the Oil & Gas space in my opinion, and more importantly, they think they have the time not to rush into a deal for the sake of getting a deal done. They don't appear to be concerned despite their financial condition. They certainly think they have the tiger by the tail despite their track record to date. I remain cautiously optimistic but hope something happens soon.

  • Reply to

    FIRST FROST! HIBERNATION

    by retiredarmyjoe Nov 18, 2014 6:28 PM
    skrutt24 skrutt24 Nov 18, 2014 8:17 PM Flag

    They continue to bat 1.000 but not in a good way. The 10Q states that they are no longer actively using resources to pursue any Deisel Pure sales. I think we knew this already but there it is officially in print. Abtech's claims of a new distribution relationship in the UK pending that company's board approval, which co-incidentally was happening Friday afternoon according to Rink, which co-incidentally would have been occurring at the same time as Abtech's conference call due to the time difference, seems to be too convenient. It reminds me of the call a year ago when they stated the mobile treatment unit had been deployed that very week of the call only to find it wasn't deployed until the following March. And yet...I'm still here. No one to blame but myself I guess.
    Doesn't look like Friday's late rally had anything to do with insiders buying. We would have seen something by now I believe.
    I guess we should feel confident that they aren't in any hurry to choose a distributor for their mobile treatment unit yet? Do they think time is on their side? They seem to think so.

  • Reply to

    So much potential. Will it be realized?

    by truthbetold8888 Nov 14, 2014 7:19 PM
    skrutt24 skrutt24 Nov 15, 2014 3:17 PM Flag

    Many more on the sidelines just waiting for that one compelling reason to follow along.

ABHD
0.305-0.005(-1.61%)Dec 26 3:21 PMEST

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