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Not surprising that registration revoked at this point. it became pretty clear that Paul Di Francesco was nothing but a lying rat bastard. There was some promise there at one point, but he and the others ran it into the ground. Just another stinky pinkie and a hard lesson learned.
STWSQ registration revoked:
https://www.sec.gov/litigation/opinions/2019/34-86746.pdf
Suspended by the SEC. Was not expecting that to be honest.
STWSQ SEC Suspension for severely delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2018/34-84248.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-84248-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2018/34-84249.pdf
Did anyone else receive the letter to shareholders a couple of weeks ago?
Good call then, I didn't see it comming till to late. Character flaw on my end to trusting. I Hope GR is able get control and restore some value.
Though, look back. I called it long ago. Scams are easy to see. Longs got taken here. I tried to warn.
It is easy to see the obvious, when it has already happened.
Oh you mean the obvious scam that this was? $.50 was a good buy? LMAO
guaranteed obvious scam! :)
Yes. GR Morris is our only hope now. Paul DiFrancesco is a lying Rat, IMO.
I agree 100% on out going management.I Put way way to much into it because I took Paul at his word. Still recovering from the loss. Moving forward, I have nothing to lose. I will say this, GR has always responded to all my contact with him over the past 1-2 years. He owes me nothing and I don't think he needs me to get control of the shell. I am somewhat hopeful I can recover some of my original investment and I believe GR is moving in that direction. Best to you pur, big apologize for the recommendation. Learned my lesson. Did you get the letter sent to SH this week?
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.
To all who may be thinking of investing in anything that GR Morris has anything to do with.....DON'T!
Look up in information on Greystone Digital Technologies, Inc. or Kiboga, Inc.
Ask anyone who bought into that bunch of SH___!
DON'T
Mr. Festus,
I remember you from the Ragin Bull days years ago.
I am one of the many who fell For GR's fraudulent schemes.
He is still at it. I wish I could get together enough shareholders to do something about him.
Private contact would be informative.
Bankrupt stock lol .. No thanks
Chapter 7 now instead of 11. Liquidation of whatever assets not already attached. Guess that means a stapler and some spare tires for the old broke down truck in the back. Should net $27.
In other words, the investor here is screwed. But the investor was screwed a long time ago.
Had faith in this company but was proven wrong. Oh well.
$STWSQ: Water Reclamation and REmediation in TEXAS
I'm IN... LETS Roll
$0.002
Here we gooooooooooooooooooo
$STWSQ
Ask Gary Ron Morris when will "MrFestus, the Movie" be released. The easiest way to go broke is to invest with GR Morris, Greystone, the various versions of Kiboga and a bankrupt coffee company all a complete loss.
Is this ticker for sale? If anybody knows information please post on board. Stwsq
Should we still be averaging down here? There was a lot of risk buying at .50 considering PPS is double zero's today.
Dude, THEIR BANKRUPT. This company is a complete scam that was so damn easy to see. Insiders were feeding the public lies over and over again. Lucky this crap wasn't suspended.
Glad I called it a couple years ago. ;)
I heard the next GR Morris group meeting is in December. I do not know if they will announce it or if will they will actually have a meeting.
Thanks to the few that still post here. I sadly lost all of my investment in STW. I keep checking back here for any new info you may post in the off chance the GR Morris group is successful. I just wanted to say that I appreciate any all posts about STW. Hope everyone had a great Thanksgiving.
Good to hear from you PC. I did not know who was trying to force Ch. 7 bankruptcy. The denial by the judge is a good thing for the shareholders like you said. I wish you the best.
Agree. And now there is some hope that one of the groups trying to restructure and preserve something for us innocent shareholders will prevail over that pathetic Rat Paul Difrancesco and Mr. Murphy. As I understand it, everything was on track to restructure pursuant to the Sec. 363 Chapter 11 Proceeding, resulting in the Sec. 25 exchange offer that would have shareholders in the original company having an equity stake in the new Co. But the old management, primarily Paul Difrancesco and Murphy, tried to block it by attempting to take the company into Chapter 7 BK. It appears that was rejected by the BK Court in the latest Order.
Our best hope is with G. R. Morris and his group, IMO
The company is over as I knew it. I lost over 90% of my investment and I take full responsibility. I hold no ill will toward anyone at STWS and wish them and their families the best. The company had a good idea and it did not work out. They were not a scam.
Thanks for posting sweet crude. I did not ever think I would post again after reading your denial of Ch 7. I thought that was the end and wondered why some people are still trading this stock.
Apparently the Ch 7 denial was to a hostile take over by a creditor and not the same group represented by GR Morris. The group represented by GR Morris are still alive and trying to reorganize under CH 11.
So there may still be some hope for you who own shares.
I no longer have any shares and my interest in STWS is only as a past share holder.
Court denies Chap 7 move
The order states, “After having reviewed all evidence presented at the evidentiary hearing held on November 1, 2016, the Court finds that, for the reasons stated on the record during that hearing, the conversion of the Debtor’s case to Chapter 7 is not in the best interests of creditors and the estate at present and that therefore the relief sought in the Motion should be in all respects DENIED.”
http://bankruptcompanynews.com/stw-bankruptcy-news-11-4-16/
So we remain in Chap 11?....any idea what this means? Wjo is Gary Trust?
Dude, THEIR BANKRUPT.
This company is a complete scam that was easy to see. Glad I called it a couple years ago. ;)
We kind of already know this.
Just wonder how the Chapter 11 judgement is going.
There can't really be that much to "fight" over wrt STWS assets.
Oh well, at least it green for one day!
Not sure. last I heard, the company was to be restructured with the shareholders owning prior to June 4 getting a decent percentage ownership in the new entity.
Man .. got me all excited when I just saw this 360% gain...
While I am here.... Does anybody know ANYTHING about ANYTHING concerning our future here?
Is the CH11 court case still going on?
LMAO- welp can't say it wasn't obvious two years ago. Boom! Disaster! ;)
STWS changed to STWSQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
Oh yeah.....ZERO value in STWS shares....
Oh, you can be assured that those supposedly with current knowledge of things, from whom I received supposedly accurate information, heard some things from me back in May and June,. But it appears that most of the current shareholders who had shares for some time will receive about 40% of the shares in the new company. The de-listing, Sec. 363 Chapter 11 proceeding, etc. all appears to be necessary to complete the transition and restructuring. It does clearly appear that STWS was, in large part, harmed financially by contractual obligations on the part of others not being honored, which contracts were to be providing a continuous revenue stream to STW.
Part of the continued obvious scam. It was blatantly obvious two years ago this was gonna destroy all shareholders, and now....
Welp. I rest my case. Bankrupt. Boom. ;)
I know I know, just wanted something more. Thanks
I know I know, just wanted something more. Thanks
LOL! Remember, I previously gave you belated kudos on exposing that Scumbag, Paul Difrancesco, as a despicable rat.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123353770
Those of us with a low avg. PPS who owned shares early on should come out fine under the exchange offer with shares in the new company. GLTY.
Part of the ongoing restructuring under Sec. 363 of Chapter 11 prior to the emergence of the new company and the Sec. 25 Exchange offer. As I understand it, all stockholders owning shares prior to early June when everything was set in motion will receive shares in the new company. Most will come out fine, depending on their avg. PPS. Mine is very low, and am notr worried. Stay tuned.
Hey Prudent, still have my prediction post flagged that you were going to review by the end of summer????? Pull it out.
LMAO- welp can't see it wasn't obvious two years ago.
STWS changed to STWSQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
saw the fall today, had a bid in glad it didnt execute
STWS changed to STWSQ, bankruptcy:
http://otce.finra.org/DLSymbolNameChanges
Blacksnake. I am not set up to answer private emails. To answer your question, I cannot recommend buying shares. There are many "if's" that have to be worked out for the company. But I am hanging onto some hope that I will be able to sell my shares with the new company.
Let this keep going up in price and maybe we all can break-even or make a few dollars? When is the known date for what these shares could translate to in value? Given the shares have gone up this whole week, must be higher in value due to investment money by new people in control? Not sure, but price indicates interest even though absolute dollar volume is not much for STWS. Imo
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MIDLAND, TX--(Marketwired - Nov 30, 2015) - STW Resources Holding Corp. (OTCQB: STWS), a provider of high-quality pipeline, water reclamation and processing management services including water desalination, announced today that its financial results for the nine months ended September 30, 2015 have been filed on its Form 10-Q Quarterly Report with the Securities and Exchange Commission (SEC). A detailed Form 10-Q is available on the company web site.
STW Resources reported revenues from continuing operations for the nine months ended September 30, 2015, of $8,693,437. Although this represents a 2% increase in revenues from the nine months ended September 30, 2014, gross profit during the nine months ended September 30, 2015, increased by $2,264,176, or 349% over the nine months ended September 30, 2014. The Company's gross profit margin during the nine months ended September 30, 2015, increased to 34% as compared to 8% during the nine months ending September 30, 2014. The significant improvement in gross profit margin demonstrates the success of corporate initiatives set forth by Company management to increase profitability by reducing cost of revenues, improving operating efficiencies, and shedding less profitable business units.
During the three months ended September 30, 2015, revenues from water reclamation and desalination services increased to $1,063,219 from $118,859 during the three months ended June 30, 2015, an increase of 795% over the prior quarterly period. Total revenues for the three months ended September 30, 2015 increased to $3,907,570 from $2,587,460, an increase of $1,320,110, or 51% over the prior quarterly period.
During the nine months ended September 30, 2015, the Company discontinued its operations of STW Energy LLC and STW Oilfield Construction LLC, realizing losses from discontinued operations of $743,913 and $1,505,616, for the nine months ended September 30, 2015 and 2014, respectively. The discontinuance of these operations enabled the Company to focus its resources on its more profitable STW Pipeline and STW Water Resources business segments, which the Company believes offers the highest growth and profit potential.
The Company's net loss for the nine months ended September 30, 2015 was $6,637,675 as compared to a net loss of $11,641,886 during the nine months ended September 30, 2014, a reduction in net loss of $6,004,211, or 43%.
The Company's non-GAAP net loss, which is net loss adjusted for non-cash expenses including stock-based compensation, amortization of debt discount, financing costs, and change in derivative liability was $4,319,719 for the nine months ended September 30, 2015, compared to $6,787,018 for the nine months ended June 30, 2014, an improvement of $2,467,299, or 36%.
During the three months ended September 30, 2015, the Company reported revenues of $3,907,570, which represents an increase of $588,287, or 18% growth, over revenues during the three months ended September 30, 2014. Gross profit during the three months ended September 30, 2015, increased by $578,117, or 104% over the three months ended September 30, 2014. The net loss for the three months ended September 30, 2015 was $2,240,933 compared to a net loss of $5,174,294 during the three months ended September 30, 2014, a reduction in net loss of $2,933,301 or 58%.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an email to cleanwater@stwresources.com
About STW Resources Holding Corp.
STW Resources Holdings Corp. (OTCQB: STWS) is a quality provider of oilfield services, water reclamation and processing management services, and rig cleaning services through its three subsidiaries. STW Water is a Total Water Solutions Provider Company and provides turnkey design build solutions and provides its Customers with "out-of-the-box" design solutions to meet customers' water needs. STW Water has capabilities to provide complete oversight of various water and wastewater projects with primary focus on engineering, regulatory permitting including Public Water Systems (PWS), Discharge permits, Pilot exception and Pilot Study, equipment design & treatment process design, manufacturing & installation and full scale Commissioning and training for all types of oil & gas, industrial and municipal water and wastewater markets throughout the State of Texas. STW's model of water ownership has had recent successes and broken ground on both Upton County and Ft. Stockton, Texas projects.
The Company consults and provides customized water analysis, reclamation and remediation services to a variety of complex oil and gas produced and flowback water, brackish water, ocean water desalination, industrial, and municipal applications throughout several geographic locations to fill a tremendous need for fresh water in the areas they service. As an independent solutions provider, STW utilizes proven technologies, from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), the west Texas Delaware and Permian Basins (TX), eastern New Mexico, and ocean desalination projects on the Gulf Coast of Texas, California, and Hawaii.
ENVIRONMENTAL IMPACT: If STW's Proprietary Technology is placed in-line with a Seawater Reverse Osmosis System or used with a geothermal operation, there will be no potentially environmentally sensitive brine concentrate discharged into the local waterways since the system is Zero Liquid Discharge and 95-97%+ of the fresh water is recovered in the process. The waste stream is salt crystals and minerals. This is a completely Blue/Green operation that provides a sustainable supply of power and water for municipal and industrial use.
MIDLAND, TX--(Marketwired - Dec 16, 2015) - STW Resources Holding Corp. (OTCQB: STWS), a provider of high-quality pipeline services, water reclamation and processing management services including water desalination, announced today that it has received approval from the Middle Pecos Water District for drilling, production and transportation of the water on STW Water's MRK lease in Pecos County.
Previously, STW Water applied for a consolidated drilling and production permit from the San Andrés formation to be utilized within the county and to be exported out of Pecos County to surrounding areas in need of water. The water district approved the permit in a unanimous decision, with STW meeting the following conditions:
The company also has the ability to submit a request to the water district for a larger permit once it is determined by the hydrogeologist that the formation can withstand an increase in yield without any negative effects. Additionally, with several prospective buyers already in place, STW expects to begin water sales in the first quarter of 2016, selling water immediately at a profitable margin. The Company anticipates water sales in the first quarter of 2016, as it has already received a letter of intent from a local customer to purchase water.
"This is a milestone achievement for STW, one that we have been working towards for quite some time and are thrilled has come to fruition," said Alan Murphy, CEO of STW Resources Holding Corp. "We consider this to be a pivotal moment in establishing STW's West Texas Water Project as one that will provide processed and/or raw alternative water from multiple sources direct to the end-user. With the production and transportation permits approved, the Company can now market the water more effectively, and begin to execute sales agreements with local buyers."
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an email to cleanwater@stwresources.com
About STW Resources Holding Corp.
STW Resources Holdings Corp, (OTCQB: STWS) is a quality provider of water reclamation and processing management services. STW Water is a Total Water Solutions Provider Company and provides turnkey design build solutions and provides its Customers with "out-of-the-box" design solutions to meet customer's water needs. STW Water has capabilities to provide complete oversight of various water and wastewater projects with primary focus on engineering, regulatory permitting including Public Water Systems (PWS), Discharge permits, Pilot exception and Pilot Study, equipment design & treatment process design, manufacturing & installation and full scale Commissioning and training for all types of oil & gas, industrial and municipal water and wastewater markets throughout the State of Texas. STW's model of water ownership has had recent successes and broken ground on both Upton County and Ft. Stockton, Texas projects.
The Company consults and provides customized water analysis, reclamation and remediation services to a variety of complex oil and gas produced and flowback water, brackish water, ocean water desalination, industrial, and municipal applications throughout several geographic locations to fill a tremendous need for fresh water in the areas they service. As an independent solutions provider, STW utilizes proven technologies, from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), the west Texas Delaware and Permian Basins (TX), eastern New Mexico, and ocean desalination projects on the Gulf Coast of Texas, California, and Hawaii.
www.stwresources.com
@STWRESOURCES
https://www.facebook.com/STWRESOURCES
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