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I agree. He basically said that to me a few months ago during a call. One reason he gave is that his attorneys strongly suggested he quit doing videos. I suspect it was because he was being a bit too optimistic. I think things are finally turning in our direction.
It seems like UATG responds fairly well on X. https://twitter.com/UmbraAppliedTec
At least they are communicating. I hate it when they go dark.
It's good that the H2O guy and Alex collaborate each other. I think we are still on track.
I have to say that one good thing about the guy that posted pictures is that he at least got someone at UAT to respond. The lack of news sucks!
I agree with you. I suspect his plan is to do both things. Still rent the devices and also develop his new strategy. I should have asked about that. To tell the truth I was just glad he called me back.
I had a short talk with Alex yesterday. He reiterated that he isn't going to give updates like he was. The only things worth mentioning here was that he says things are going well with the oil filtering and he is looking at buying oil directly, filtering and then reselling. He is looking at whether that would be a better option and if so he plans on seeking additional financing to make it happen. Don't quote me on that because I am probably getting something wrong. I know that isn't much, but I thought I would share it anyway.
Good way of putting it.
I agree. My gut tells me Alex has finally hit something good with this oil filtering. I think he is pushing everything else aside for now and focusing almost all of his energy on making the oil filtering work. Hopefully he is successful.
Let's hope it's the come from behind. The Biden economy has really set back my financial goals.
I just talked to him over the phone. He has been in Texas all week and just got back into town. He didn't have much to say other than the oil filtering stuff is going well and he will have an update "hopefully sooner rather than later".
Someone just bought another significant load just after my post. Hopefully it is someone that knows more than the rest of us.
Anyone have any insight on why the PPS and volume are up significantly today?
Maybe I was wrong. Regardless, they were apparently still being led, at least in part, by the old Dreaming Company leadership.
As far as I recall it was always owned by someone else. My understanding was that UAT just owned a share.
I think last Friday.
It could be BS, but Alex did tell me that he is being extra careful about the information he posts. He told me his attorneys have been asking him not to post as much for months. He has been conflicted about posting less because he knows how frustrating that can be for share holders, but he also understands his attorneys concerns. He also gets a lot of criticism when he posts things too soon and things don't work out the way he expected. He also mentioned that he is being extra careful because this oil stuff is much a much bigger deal than the lotions stuff. I asked about the Hygieia spit. He said there was a different view of the direction of Hygieia. He still has a very good relationship with the president of Hygieia and talks to him at least once a week so it wasn't a falling out. I have no idea whether any of this is true, but I wanted to at least let everyone know what I was told. Have a good weekend.
While I think INTK is taking its last breath I did at least check to see if Syneffex is still answering its phone. They are and I asked if they are still taking orders, which they are. Are the orders being fulfilled? No idea.
I do recall mention of some of that. It still would be nice to know the details of what happened with Hygieia. It seems strange to dump a subsidiary without a PR.
I agree. I have a feeling Ossifix situation was a case of Alex trusting what Ossifix was telling him and then regurgitating the information before confirming it. This is different in that Alex and UATG being directly involved. I think I recall Alex even mentioning that difference over the phone or on one of his videos.
If I remember correctly he did mention the second trailer and he mentioned an issue with an incorrect part that was supplied with the first trailer and when the requested a replacement the manufacturer sent the same incorrect part again. The part was for water rather than oil and while it seemed to be holding up OK Alex wanted to make sure the correct part was installed. He also complained about shipping lab samples. He said there was a lot of red tape involved because of potential bio-hazards or something. I have to admit I didn't really pay good attention to that part. He mentioned shipping parts for the second trailer so I know it is being built. If I recall correctly he said they are shipping large portions of the second trailer so that it could be mostly constructed at their facility rather than in Texas. Again I didn't pay close attention to the details. The main thing I got out of the second trailer conversation was that it is in the process of being built. Sorry I didn't take notes because I was walking my dogs while talking to him.
Regarding the demo machine(s): I do recall some posts on some small scale machines. I don't know how complete those were or what scale compared to the unit being tested. Also, if I recall correctly they were for water filtering not for oil. I also think the demo machine was a short term test. Again, if you compare a new process such as this to processes I have worked on over the years then a few weeks of startup and testing is very justified. I have worked on food processing line projects, transmission line projects and substation projects. The regular delays and startup/testing can easily delay the project completion by weeks or months. I am not sure how this is such a difficult concept for some people to grasp.
I had a long conversation with Alex yesterday mostly about things unrelated to the oil filtering. The conversation did turn to it for a brief period. I don't think we have anything to worry about. I know the long wait is frustrating, but Alex wants to do everything right before posting any news. People keep acting like this new process should be easy to finalize. I am currently doing some engineering work on several electrical substations. The substations were supposed to be completed months ago, but are being delayed by change orders and other problems. These substations are all existing technology yet they are delayed by several months. This oil filtering is new technology. I am not surprised at all that it is taking a few weeks to get the startup and testing completed. I would be more skeptical if the results were posted right away.
I agree. I'm still buying. Not much, but I buy a little more a few times a week.
I spoke to Alex about a topic unrelated to H20. However, he did bring up H20 and the oil filter system that is currently running. He didn't say much, but he did say H20s filtering of oil and later water is going to be a huge impact. Because of this he wants to capture what he can in the financials, which is why they have been delayed. It was my understanding that once he gets the financials coordinated with the new H20 $ then he will release a PR and submit the financials at approximately the same time. I remain cautiously optimistic. I suggest everyone just calm down. Another few days or even weeks is not going to kill you.
I'm not sure what new information he is supposed to post. Can you elaborate? I think his last X post covered everything that is currently happening. I am not expecting anything new until the startup and evaluation period is completed. Three weeks is not a long time for the evaluation of a new process.
Dog's who? 😆 I gave him the boot a long time ago.
Maybe it wasn't a mistake. Maybe he was hoping we didn't notice the difference.
Yes, I spoke to Alex prior to his Tweet. He actually said they were exceeding expectations in a lot of categories.
He had a post on X yesterday, but even if he didn't I wouldn't say it is strange for him to go silent for a few weeks. Alex is one of the best CEOs at trying to keep shareholders informed, but that does not mean he has to send out weekly updates.
I agree with you up until the sarcasm. The truth is we should be patient. I have been engineering for over 30 years and I have never seen a start up go perfectly smooth. Even with all known technology there is a period of evaluation and trouble shooting. Two weeks or even a month is not even close to unreasonable for new technology. In addition, I recall that we went through the same skepticism with Hygieia. I count myself amongst the skeptics. I even went so far as to buy a container of the lotion just to see if it was real. Alex finally came through with Hygieia. I am pretty sure he will come through with H2O also.
The only problem is that as Adam917 said he just repeats the same things every day.
You really need to ignore Dogs. I always skip his posts. He provides no helpful information. The situation with H2O reminds me of what we experienced with Hygieia. At one time I recall people thinking that would never produce anything and would never make it to market. It did seem to take forever and if I recall correctly they missed a lot of deadlines, but they finally made it happen. I still had my doubts about Hygieia so I bought some for my wife and had her try it out. She said it seems like good stuff. So I think we just need to be patient. I am about 75% certain H2O will work out even better than Hygieia. It might take several more months before it equates to an increase in stock price, but I can wait.
You really need to ignore Dogs. I always skip his posts. He provides no helpful information. The situation with H2O reminds me of what we experienced with Hygieia. At one time I recall people thinking that would never produce anything and would never make it to market. It did seem to take forever and if I recall correctly they missed a lot of deadlines, but they finally made it happen. I still had my doubts about Hygieia so I bought some for my wife and had her try it out. She said it seems like good stuff. So I think we just need to be patient. I am about 75% certain H2O will work out even better than Hygieia. It might take several more months before it equates to an increase in stock price, but I can wait.
You really need to ignore Dogs. I always skip his posts. He provides no helpful information. The situation with H2O reminds me of what we experienced with Hygieia. At one time I recall people thinking that would never produce anything and would never make it to market. It did seem to take forever and if I recall correctly they missed a lot of deadlines, but they finally made it happen. I still had my doubts about Hygieia so I bought some for my wife and had her try it out. She said it seems like good stuff. So I think we just need to be patient. I am about 75% certain H2O will work out even better than Hygieia. It might take several more months before it equates to an increase in stock price, but I can wait.
I do the same. China and Demain have taken over the board and made it pointless. They repeat the same thing every day and none of it is helpful.
It is on its way up today. I wonder if people are starting to realize that it is only a matter of time before it will go up and not come back down.
While I still think INTK is likely dead I did see a flicker of life today. I see they got their website up and running again. Will the new CEO pull a rabbit out of his butt and pull INTK out of the sewer? Doubtful, but we might as well keep our shares since they are basically worthless right now.
I have been hopeful, but skeptical for a while. Now I am pretty sure the company is dead. I just tried opening their webpage and it is gone. I tried Syneffex and their contact numbers don't work. No new posts on X. I know they have had long silent periods before, but even then I was able to reach someone. This time appears to be different.