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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.
The lack of any selling and current price makes me think of a bk pattern. Hope I'm wrong.
Well, with the situation at hand, very big changes were called for in order for the company to survive at all. Hopefully we see those details very soon
(I don't know any details, but I do know it's a big event)
Getting mixed signals here. Big event?
I would think we will see both an 8k and a press release soon. I don't know any details, but I do know it's a big event
That having been said, the lack of any selling this am is reassuring
Bottom Line: All shareholders have a right to know what happened at the emergency shareholders meeting held last Friday in Dallas. The company held a meeting under circumstances that did not allow all shareholders to know what was discussed or voted on, and all shareholders did not have an opportunity to vote, much less know what is going on. Now, some shareholders obviously have ‘insider information” not known to all shareholders. At the very least, the Board of Directors and Executive Officers have a fiduciary obligation to inform all shareholders as to what is going on and what transpired at the meeting, either through issuance of a PR or the filing of an 8-K.
That having been said, the lack of any selling this am is reassuring.
Agree. First they hold the meeting under circumstances that did not permit all shareholders to vote on whatever was discussed an presented, if there even was a "vote," and now we have not heard a thing as to what transpired at the meeting. Then again, perhaps nothing that happened at the meeting required the filing of an 8-K.
You would think they'd be required to make a filing. Those attending basically now have inside information that the public doesn't know. I'm surprised..
Nothing?? I thought we were expecting something to leak before the meeting. We can't even get anything to leak AFTER the meeting.
I wonder how they will inform shareholders, who didn't attend the meeting, what was discussed.
Do they have to tell us at all?
It has been almost six months since they have told us anything!
Nope, doesn't seem like they're real eager for everyone to hear something exciting does it?
Other than the PR two weeks ago about the emergency meeting
was there any other form of Notice to shareholders of the meeting?
There is no notice on their website.
No notice of meeting on their Facebook page..
No mail/email notice to shareholders of meeting.
No brokerage notice.
So if one never saw this one time PR, how would they have known?
Did any one here received any kind of notice???
I guess with all the water flooding Texas
will "Save the Water" investors even be able to get to the meeting?
Does anyone even know what time the meeting is? Or where in Dallas?
I doubt there will be any positive news out of the meeting other than saying "Hey, all is shit, but at least we haven't filed Ch 11 yet. And that prosperity is just around the corner!"
If there was anything positive, they would have said it by now.
Good luck to us all!
Should be interesting. I suspect it will be positive, as there would be no reason whatsoever to have the meeting if it was negative. Time will tell.
I wish, but unfortunately I'm not a shareholder of record. Best of luck
Is anyone here going to the meeting in Dallas tomorrow? If so, please post updates on the Board at some point. I assume STW will have to issues a PR or file an 8-K to let everyone know what is discussed and any action taken at the meeting.
Guess we'll find out what's up soon
Watch for any sign that agenda has leaked in trading pattern..so far i see a wait & hold, but that can change quickly next day or so.
I found usual reasons to not file are (a) main CEO doesnt want to sign off under Sarbanes-Oxley until something is cleared up, or (b) $$$$ to pay the auditors...this is usually the most common issue.
They could have funds lined up, but are toxic, and just dont want to bite that bullet if they dont have to....or could be an internal board fight.
But agree if it was a BK or reverse split they wouldnt have to call a special meeting...just file chap 11, or 14C to just do either...so this could go many ways. We shall see soon enough!
To much?
STWS : OTC STW RESOURCES HOLDING CORP
Last: 0.025
Change: 0.00 (0.00%)
Bid/Size: 0.0235/10,000
Ask/Size: 0.0274/23,300
Volume: 0
Please tell us what make you very excited about STWS????
I'm sure you'll have an opportunity.
Very excited about this one, looking to pick up more in this range tomorrow
Heck maybe someone wants to buy us out at .03 lol. Now a dollar would be awesome. lol
I was laughing at the part, (this has only build on the speculation among shareholders). An understatement to say the least.
Not the ones there now, lol
Wall Street Newscast
Who? See many previous posts regarding Paul DiFrancesco (who is in personal bankruptcy court in California and happens to be the financial director.) Just who do you think are the "good folks?"
Staff Reporter for what publication or service? It does not take a rocket scientist to understand they would not call an emergency meeting to announce BK. I am believing this is a positive development, but time will tell.
Who's been talking to this guy, lol
STWS Calls Shareholder Meeting for Friday, June 3, 2016
By: staff reporter, John Bodger
Last Updated: May 26, 2016 3:15 PM EST
(NEW YORK)--STW Resources Holding Corp. (OTCQB: STWS) announced an emergency shareholders meeting would be held on Friday, June 3, 2016 in Dallas, Texas.
The agenda for the meeting is to address the current state of the company, but has none the less increased interest among traders on what the agenda may be. Odds that it could be bankruptcy have decreased as Company could have just filed and not needed a special shareholder meeting, and this has only build on the speculation among shareholders.
It's not the same....there are some very good folks trying to get things on track
No, I am not suggesting anything
except that STWS has been waiting for this permit for almost a year now, with no results.
The "conspiracy theory" side of me says that, it seems like to me, someone has it out for STWS.
I just think back to one of my one old investment where they waited for years to get an "oil drilling permit" and when it came time to grant it, the permitting grantors change the requirements on them which meant they would have to spend more and more time, which they had neither. They went bankrupt immediately afterwards.
This STWS situation, just feels the same to me.
I have not seen any definitive evidence that the contract with Ft. Stockton is not still in place, and I had understood that STW still holds the issued permits with MPCWCD and is still in the game with Capitan Reef. Are you saying you have information that would indicate otherwise?
In fact, I would believe that any such permits or contracts would be a valuable asset for STW. It is clear that there are other serious financial or cash flow issues which could be hindering things and be a fly in the ointment, which all appear to me to have been brought on by the downturn in the oil and gas service industry in Texas, e.g. it is pretty clear that the cash flow generated from the $7,000,000+ contract announced last summer that was generating $600,000 per month in revenue and cash flow must not still be paying off, as many players in the industry went down between August and February when oil hit $26 a barrel. Who knows, but I suspect that the party obligated to STW under that contract may have at some point simply been unable to make the payments.
Yes, it is VERY disappointing.
STWS has been waiting for this permit for a year.
It was my main reason for buying into STWS almost two years ago.
I feel like someone has it out for STWS,
has connections
and wants the rights to Capital Reef for themselves
and holding back this permit is a way to "bankrupt" STWS
so they can't move forward.
Nice find, the entire city council meeting was about lack of water and the demise of their infrastructure,,,, and STWS can't close the deal. Very disappointing.
Lots of talk about "water" last week but no good news for STWS
http://cityoffortstockton.com/wp-content/uploads/2016/05/050916-Minutes.pdf
Just might be a reason for the Emergency Meeting.
May be they were expecting a decision by now?????
5/25/16 1pm
Bid/Size: 0.022/18,900
Ask/Size: 0.0273/39,234
and zero trades today, you maybe right not much share movement
Looks like that ship sailed
This is how it is suppose to be done.
Must give time, date, place and reason.
Dear Shareholder:
Mercury Computer Systems, Inc. will hold a Special Meeting of Shareholders on May 8, 2009 beginning at 10:00 a.m., local time, at the company’s offices located at 201 Riverneck Road, Chelmsford, Massachusetts 01824. We look forward to your attending either in person or by proxy, but please note that due to security procedures you will be required to show a form of picture identification to gain access to the company’s offices if you plan to attend the special meeting. The enclosed notice of meeting, the proxy statement and the proxy card from the Board of Directors describe the proposal to be acted upon at the meeting.
This special meeting has been called for the purpose of asking our shareholders to approve an option exchange program under which eligible employees would be able to elect to exchange certain outstanding stock options for a lesser number of shares of restricted stock. The exchange program’s eligible participants would exclude, among others, our executive officers and Board of Directors. The Board of Directors recommends that you vote FOR the approval of the proposed option exchange program.
Please refer to the enclosed proxy statement for detailed information on the proposal. If you have any further questions concerning the meeting or the proposal, please feel free to contact us at (978) 256-1300. Your vote is important. Whether or not you expect to attend the meeting, your shares should be represented. Therefore, we urge you to complete, sign, date, and promptly return the enclosed proxy card.
On behalf of the Board of Directors, we would like to express our appreciation for your continued interest in our company.
http://www.sec.gov/Archives/edgar/data/1049521/000119312509077882/dex991.htm
§ 222 Notice of meetings and adjourned meetings.
(a) Whenever stockholders are required or permitted to take any action at a meeting, a written notice of the meeting shall be given which shall state the place, if any, date and hour of the meeting, the means of remote communications, if any, by which stockholders and proxy holders may be deemed to be present in person and vote at such meeting, the record date for determining the stockholders entitled to vote at the meeting, if such date is different from the record date for determining stockholders entitled to notice of the meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called.
http://delcode.delaware.gov/title8/c001/sc07/
http://protectshareholderrights.com/shareholder-rights-blog/special-shareholder-meetings
Looking for the term Emergency shareholder meeting (which I could not find).
I did find this,
Common reasons for calling a special shareholders meeting might include filling a vacancy on the corporation’s board of directors following a resignation, or voting to approve a major sale of corporation assets. (Similarly, directors might call a special meeting to consider such matters as a major loan to the corporation or an employment contract for a new officer.) As with annual shareholder meetings, votes taken at special meetings are only valid if a quorum of shareholders is present.
What constitutes a quorum is a matter of state law; generally, states requires that more than half of the shares entitled to vote be represented at a special meeting. However, corporations sometimes include a requirement in their bylaws that more than a simple majority of voting shares be present. (Bylaws are kept by the corporation, but are not a public document; if you want a copy of a corporation’s bylaws, you should contact the corporation.)
I just wonder if STW has their ducks in a row to pull this meeting off?
I choose one of those five and a couple others not mentioned
Take your pick for reasons for a special shareholders meeting.
Merger, buyout, Reverse Split, management change, going private ...????
----
The main problem with the new group was sales were not rising fast enough to cover the old debt they inherited from Llama. Fabrinor was able to reschedule the debts in 2002 and again in 2003, but even public listing on the stock market didn't help generate the funds required.
Thanks to regulatory intervention, Fabrinor was compelled to call a special shareholder meeting on January 12, 2005, to reveal fully to shareholders the company's financial situation, its plans to restructure into a limited partnership, and the latest plans to reschedule its inherited debts. The plans were rejected and the plant in Legutiano was closed.
----
On 2 September 1955 it was announced that the Allied Paper Mills board had approved a plan to be acquired by the Thor Corporation, a maker of household appliances. A special shareholders meeting was called for 3 October so they could vote on this plan, which offered $46 per share of common stock. At this time, Allied was the fifth largest employer in Kalamazoo County, Michigan and had made a net profit of $1,367, 410 in 1954. No executive changes were planned by Thor.[7] The shareholders approved the plan and on 2 December 1955 Arnold H. Maremont, president of Thor Corporation announced the transaction was complete. D. R. Curtenius, who had been the president of the Allied Paper Mills, was retained in a consulting capacity by the new paper-making division of Thor.[8]
-----
In 2008, in Portnoy vs. Cryo-Cell International, the company's incumbent board was judged to have committed serious breaches of fiduciary duty in tampering with a shareholder election, preventing the replacement of the board of directors.[9] The court therefore ordered a special shareholders’ meeting at which a new election would be held. In August, 2011, Mr. Portnoy led a group in a winning proxy fight which resulted in the replacement of the company's board of directors.
----
In September 2012 plans began to merge thl with two other major New Zealand campervan rental companies: United Vehicle Rentals and Kea Campervans. The proposed merger was a result of falling visitor numbers from key markets in Europe such as Germany, The Netherlands and the UK, as well as the strengthened New Zealand dollar making New Zealand a more expensive destination. Combining the three businesses would lower overall operating costs and make it the most “logical, strategic and best response to the challenging realities facing the New Zealand campervan market”. [9] On 19 October 2012 this merger was approved at a special thl shareholders meeting, effective 1 November 2012. [10]
--
In February 2013, the shareholders had authorized the Board of Directors to launch a reverse stock split at the special meeting of shareholders. And then, the company announced reverse stock split into implementation on October 24, 2013, with the continuous utilization of the symbol "JAXB".[9]
---
The buyout was eventually approved in a special shareholders meeting by nearly two-thirds of the shares voting. The result was close, however, as the bloc voting for the deal was only a narrow majority of total shares outstanding, including those not voted (a requirement to complete the deal).
---
On March 4, 2013, Quinpario Partners disclosed a hostile takeover bid for Zoltek after acquiring over 10% of Zoltek stock. Quinpario sent a letter to the company requesting a special shareholders’ meeting with the intent of removing and replacing all existing board members
There's no doubt it hasn't..
Think the leak has sprung?
To think that 2 cents can cost you 100% of your remaining money.
Kind of funny that today I get a letter in the mail about a Class Action suit for another one of my losing companies many years ago.
Surprised none have popped up for STWS yet.
Do we gamble a $100 more and set a Buy for 10,000 more at .01?
Whats another $100 when you already lost thousands?
You don't need luck, you have skill on your side, lol
Yep, kind of what I figured
they are trying to get something voted on
and they know that the small shareholders are not going to show up and are insignificant anyway
and they probably know who the big shareholders are who will show up.
However, I would think they would have to give all shareholders a notices of what the meeting is about????
I don't think you will see much share movement
those who are left are probably "hardcore" shareholders
and there noway they could sell large blocks of shares without pushing the pps DOWN real fast.
And of course if they did try to sell, you know they would get their shares sold FIRST and "we" if we sold would get our shares sold at the bottom.
At this point we are loser either way, so if you are still here
you just have to wait for the fat lady to sign.
Good luck to us all!
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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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