I would trust GR Morris at this popint before I would trust anyone previously in an executive position with STW, in particular that rat bastard Paul Di Francesco who we now can see apparently lied and mislead everyone. As we now know, the PR's put out by Di Francesco and Mr. Murphy were apparently not factual and investors were seriously mislead, i.e., what ever happened to that oil service contract that was supposed to kick in serious revenue every month? And anyone investing here should conduct some DD into the business histories of those who were in charge, in particular Di Francesco, not to mention what they did here with STW which should have had a bright future.
The last I heard, GR Morris and Salt Tech, etc. had a plan that would effectuate a Sec. 363 Chapter 11 Bankruptcy that would include a Sec. 25 Exchange Offer that would allow STW Resources shareholders to continue to have equity in a new company.
I will take that over nothing and total loss of the investment with Paul Di Francesco and that bunch who ran everything into the ground any day. They had plenty of opportunities to run the company and come up with a plan going forward and couldn't get anything done.
