Abtech Holdings Inc. (fka ABHD)

[LouisDesyjr]

Looks like company is dying to me

In my professional opinion, it looks like this company is dying. While they do have a contract for $12MM, it does not look like most of it is showing up in revenue. I think the 'not to exceed' means that Nassau County can buy to the $12MM of product/services, but is not obligated to do so. The reason I think this is the 2013 sales are only $461K, and Q1 2014 revenue is only $75K. These small revenue numbers are not exactly what I would expect if company was getting a reasonable amount of purchases from any of the backlog or contracts.

The company has consistantly lost $1MM in operating income just about every quarter for the last year years, and now equity is over $4MM negative and getting worse every quarter.

In my professional opinion, the company should be liquidated before investors/stockholders/lenders lose any more money. I would recommend that any current shareholder just sell at market and move the money to something else.

The patents looked like a good idea, but it seems that the market just does not exist for them to be able to turn a profit.

Louis J. Desy Jr.
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