Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Where are we at?
Right now this company reminds me of a seed of wheat falling to the ground dying and turning into a new company that sprouts and developes a harvest.
SaltTech already has a water treatment facility in Fort Stockton. I think that would help in expansion of the new company.
Crown Financial LLC sounds like they would know how to come up with financing. And the other two creditors may bring something to the table.
One of the spoke persons at the meeting (I hear) said the new company will not be like an oil and gas company that can be hard ball in business dealings and with share holders.
The new business would operate like a utility company that has to build community relations and trust with share holders.
This sounds encouraging to me.
Just some random thoughts.
Someone may ask why would creditors pay current shareholders the purchase price of their stocks?
This is speculation but the creditors in this case want to keep the assets and to do that they need the share holders vote. They want the support of the share holders.
The alternative is to file regular ch 11 and share holders end up with nothing but the creditors also end up with no assets. All the assets in that case would be auctioned off to the highest bidder and funds distributed.
I followed up with an email to the city council. This was their reply:
There was not any action taken last night during the City Council Meeting concerning the water development with STWS and there was not anyone in attendance representing STWS. Have a good weekend!
Thank you for posting, I agree that is interesting and neat that you saw that.
Crown financial and Salttech are two of the creditors that will own STWS. I do not know the name of the other two.
Interesting
...i see Salttech name a few times here. Still wondering what may happen here
STW / Dufrane
Driving outside the truck loop from Andrews Texas I saw a lot of STW Water equipment, including a SaltTech, and all of STW Pipeline assets in the Dufrane yard. This company is owned by Josh Brooks, the former employee of STW.
With good news tonight, I'm calling the bottom here, just bought 11K more for 40k total. Cost average 6 cents. This is my gambling money but please don't tell my wife. Good luck to all here and holding.
Bid | Size 0.02 | 63,000
Ask | Size 0.022 | 10,000
Interesting. Thanks
New private 3d party looks be getting the assets and then merging STW in under new name and restructured public company with STW shareholders retaining their investment and shares.
WOW! MAJOR SELLING!
Look like some don't want to stick around to find out. Hope it pays off for those fools of us who do.
Are they going private?
The meeting's agenda is in regard to withdrawing the company's public listing on the pink sheets, (delisting) to begin a restructuring plan.
That is the understanding I am getting now after some more inquiry. Sounds like there is truth to current shareholders having a stake in the newly restructured company equal to their investment here in STWS.
So which date is right, July 8th or 15th?
MIDLAND, TX--(Marketwired - Jun 8, 2016) - STW Resources Holding Corp., (OTCQB: STWS), announced today a shareholders meeting. To be held on July 15, 2016 in Dallas Texas.
The meeting's agenda is in regard to withdrawing the company's public listing on the pink sheets, (delisting) to begin a restructuring plan.
The meeting will be held at the Addison/Dallas Marriott, Quorum located at:
14901 Dallas Parkway
Dallas, Texas
75254
972-661-2800
http://www.marriott.com/hotels/travel/dalqc-dallas-addison-marriott-quorum-by-the-galleria/
The meeting will begin promptly at 11:00 on July 8, 2016.
MIDLAND, TX--(Marketwired - Jun 8, 2016) - STW Resources Holding Corp., (OTCQB: STWS), announced today a shareholders meeting. To be held on July 15, 2016 in Dallas Texas.
The meeting's agenda is in regard to withdrawing the company's public listing on the pink sheets, (delisting) to begin a restructuring plan.
The meeting will be held at the Addison/Dallas Marriott, Quorum located at:
14901 Dallas Parkway
Dallas, Texas
75254
972-661-2800
Yes the special city council meeting tomorrow may be linchpin to all else.
It could be why there has not been any press release yet. Maybe they have two ready to send out Friday morning. Good news vs bad news.
Agree with you, I would feel blessed if this all comes about and our shares appreciate in value
I have no doubt they will "make it", but it really comes down to if, or how much, they restructure the current shares
STW shares are priced right now as if the company will not make it, IMO. Any sign or development indicating that the company will survive and overcome the current financial woes, and move forward on the lucrative water contracts and projects will, IMO, generate a serious move up in the PPS. I only need to get to .08 to be in the green, but am still hoping for much more than that.
Nice upward movement in the share price today, but that is a pretty formidable overhang of shares on the current Ask at .0398
I just saying that "dividends" was my long term goal two years ago when I bought into STWS. Don't expect it any time soon.
But like everyone else here, I would be completely happy if WE DIDN"T LOSE OUR INVESTMENT.
Dividends? Let's not get carried away here. I will just be satisfied with any sign of life that will enable the company to stay in business and pursue the water permits, projects and contracts that will be lucrative. There are obviously issues, which appear to have been brought on by customers not being able to pay STW
Now I like this scenario better.
It would make more sense.
But I think this all depends on the Special City Council meeting tomorrow.
STWS needs to get the OK to proceeds on the Capitan Reef.
Are they going to get the moratorium lifted by MPGCD?
It has been a year now.
The Capitan Reef is where the long term royalties would come to play since they were projecting a 100 years of water.
We all can feel blessed if this all comes about and we get to keep our shares that may appreciate in value and still maybe earn some money down the road like in the form of a dividend. This is why came to STWS in the first place.
I like your second hand hearsay much better, in this one maybe the PPS could move up!
Sheesh!!! Closer than the dollar others have predicted LMAO!!!
I'm buying Prudent's version of the meeting....as if I was in the meeting myself. With the caveat it is second hand of course.
This makes no sense, and it would be unprecedented, IMO, that any Chapter 11 scenario could involve shareholders getting out of the shares at their investment cost. And, the notion that they would hold a special emergency meeting in connection with a Chapter 11 or handing over the company to creditors makes no sense, IMO. They would just do that.
I did not attend the meeting, and only those who attended can know just what occurred. But, FWIW - what I have heard, which like you is just second hand hearsay, is that the meeting last week involved an informal proposal from a third party funder to inject sufficient capital into STW to pay off debt and fund the water contracts and projects, in exchange for equity or some sort of royalty interest in the water projects, and that the shareholders in attendance voted overwhelmingly to proceed, with just 1 dissenting vote. Again though, that is just second hand hearsay, so who knows.
I guess we will only know when the company tells us something.
Say what? Last I checked your prediction was that the STWS share price would go to zero, i.e. 0. Have not seen that and have not seen any indication that will happen any time soon.
As wild as this seems, it would explain the lack of buying/selling and no real PPS movement. Unless you bought at .015 why sell now? Why would anybody buy now?
About Salttech
That could be an interesting move, and having backing from debt holders coukd set stage for rally if no reverse split...and even better if can get back to 'current' or reporting.
About Salttech
http://www.salttech.com/company/about.php
There once was a company with big plans and a bright future but unfortunately things did not work out. So 4 major creditors had a special meeting with the share holders. The share holders voted in favor of 25 out of 26 for the creditors to take over the company. They will file a type of Ch 11 that will allow them to run a new company similiar to a utility company. The goals are to transport water from Fort Stockton through their pipline company to West Texas, Arizona, and even California. One of the major players is Salt Tech. The new company is not going to forget about their share holders because they also loss money. Current share holders will be able to sell their stock at their original purchase price in hopes that some will stay on and invest in the new company and even maybe make a profit. A win win and everybody lived happily everafter.
The End!
So that is what I hear second hand. Take it or leave it.
I just called..the same...no answer.
Then this brings me to my final conclusion that this Special City Council meeting is about the "Cooperation Agreement" between the city and STWS.
Can STWS complete the work?
So, I guess the Chap 11 statement will come after the meeting if the city says "No"
That is sad. The number you dialed is no longer in service. 432.686.7777 is the number listed on their website. I guess it will go to another business before long.
You guys can argue all you want about finances.
The bottom line is that STWS is a doomed company and BK may happen or not.
What good are assets if you can't develop them.
IMO, It all comes down to this Special Meeting on Thursday.
If "Yes" they get the go ahead, then maybe STWS lives another day.
If "No" then it is probably over for STWS.
Don't you think that the Emergency Shareholder meeting and Special City Council meeting are connected somehow?
Does anybody have any info on "rule changes" in 3a??
If 3a causes more delays, then the 3c "Cooperation Agreement" comes into play.
The council may ask does STWS have to money to complete the work??
4. Reconvene into Open Session Pursuant to Texas Government Code Section §551.102 & Take
Action, if any, on Matters Deliberated in Executive Session:
(3a) Discuss/Act upon the Middle Pecos Groundwater Conservation District’s Proposed Rule Changes.
(3b)Discuss/Act upon the Status of Fort Stockton Holdings, LP’s Litigation.
(3c) Discuss/Act upon the Status of the Cooperation Agreement between the City of Fort Stockton, Texas
and STW Resources Holding Corporation regarding Development of Water Well(s) in the Capitan
Reef Aquifer Formation
Anyway, I just hope we can get a final status on the livelihood of STWS and our stock investment.
I purchased very few shares above .15, including some in the .40's which represent less than 2% of my position. My avg. PPS is between .07 and .08, and there is thus no reason to sell down here. I do not see things as doom and gloom as you, but everyone is entitled to their own opinion.
Does it not alarm you that you can't pick up the phone and call the place of business? There very well may be a sale of assets, but you certainly aren't going to realize the "bargain basement" prices you jumped in at in the $.40s. I don't think you'll ever see another financial statement as I don't think there are even employees on the payroll anymore, including accountants and office staff.
IMO, if this was destined for BK we would know that by now, and there would have been no reason to call the meeting for last Friday. I agree we need to see current financials, but even in a worse case scenario based on the last financials released, IMO the assets tied to the water permits and projects exceed the debts and unpaid bills. But, what do I know? I am not down there like you apparently are. You were the first one to point out the financial issues, which I believe were brought on in large part by parties to contracts with STW not being able to perform or pay their bills. The timing of the bottom falling out of the oil price was definitely a perfect storm in the middle of the conversion to STW's focus on water.
Thanks for the correction on Capitan Reef.
I keep thinking of the Capitol Reef National Park in Utah that I visited a few years back.
I just wished they would communicate to ALL shareholders about the substance of the meeting on Friday.
Look like some selling this morning at the bid.
I am a gambler.
I do have one order in.
What another hundred dollars when you already are losing thousands!
They DO need that Capitan Reef project NOW!
Capitan Reef is the correct name, and those permits and other contracts and permits are strong assets, IMO. It is readily apparent that they have met financial headwinds and difficulty, which now appear to be due to contractual parties not being able to meet their commitments to STW, e.g. the $7 Million+ contract which began last July which was producing $600,000 in monthly revenue, but which it now appears the other party was at a certain point unable to perform and make the payments. IMO, it appears that the transition to and ramp up of the water business and contracts was hampered by the dramatic downturn in the PPB of oil, which accelerated late last year and early this year to drive oil down to $26 PB, which drove many interests in the Texas energy industry out of business, or rendered them unable to continue and meet their financial commitments. To be sure, STW is itself now caught up in that circle due in large part, IMO, to it not receiving contractual revenues from certain large customers.
I am also tempted to buy more shares, as there is no indication of this heading to BK right now, but I am in a wait and see holding pattern right now.
Now, the real question is: Will STWS finally get the permission to move ahead with the Capital Reef project in this Special meeting??
Or this special meeting could be on the financial capability of STWS to even complete the project given their balance sheet???
So, is it time for one more gamble on STWS and buy some more shares down here cheap. For I imagine if they get the go ahead, the pps will rise.
I don't think they can last much longer IF NOT!
I just think they met with big shareholders and told them we are not dead yet, there is still a chance that we can get things moving, but it all depends on the Capital Reef project permit which will be discussed again for the umpteen time at the "special" city council meeting on Thursday.
http://cityoffortstockton.com/wp-content/uploads/2016/06/AGENDA-060916.pdf
Eh, price collapsed ~96% over the last year with zero activity lately. I'd say the market has priced this one with a pretty good chance of BK.
Seriously? I would think if BK was in the offing there would have been a lot more selling of late. And, if that was the likely end game I think we would have already seen something by now.
Followers
|
36
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3534
|
Created
|
09/02/11
|
Type
|
Free
|
Moderators |
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
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |