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Hoping to hear for sure that the 4th depot is open in the new report...
Was just going through recent press releases and found this in the January 26 press release.
"In response to demand from new and existing customers, the Company has hired the personnel necessary to operate its fourth facility located in the Western Gulf Basin in South Texas and expects Excelyte® well maintenance treatments to commence at that production facility by the middle of February 2016".
Each depot can sustain 1000 wells... Infrastructure is in place for rapid revenue expansion!
I am so excited to be in this stock at this stage!
Really good finish to the upside on a high volume day... Looking forward to the annual report to see where this stock goes from here...
Bid of .0175 now and the ask has hit .02!
Very thin to the upside. 10k until .02 and another 50k until .04!
Huge bid of over 500k shares at .0153... Getting more and more support here with the upside remaining thin!
Less than 60k shares left before .04 still? People are running out of time for cheap shares... Not seeing more sellers lining up yet....
.04 will still be a great deal, but you can get 2x the number of shares now for the same price...
A lot of the volatility a few weeks ago that drove that was short term investors. Volumes were 5x normal on many days. Things have calmed down as I believe many of of those shares were collected by more long term investors who saw the opportunity as a buying opportunity. As a result of more long term positions float is drying up. I believe many people see this thing about to turn the corner and are looking for something more than a 50% jump...
This could be the modern day version of all the tech penny stocks that ballooned to mega corporations in the 90's. It all starts with a legitimate business model and a great product, which we have. Next crucial ingredient is a visionary CEO, which this company did not have until 3 years ago. Lavance has a proven track record working at Hologic where he took a small company and turned it into a multi billion (current value is about 10B) dollar company.
This is the real deal. I know the road is not an easy one as they compete against huge companies, but their product is superior in every category (purchase cost, maintenance costs reduced, ease of access/logistics, eco friendly, employee health, increase production times and outputs, etc...).
My only fear is that hey get bought out and put gain potential is limited... I am on this ride til the end either way...
Good sign... Seeing buying prices slowly move higher this week... Strong buys at .015 and .016 already today!
61k shares to .04 guys!!!
Ask is up to .018... Moving on up...
What does L2 look like?
It's all about crossing that threshold to profitability and then the sky is the limit for this!
Do, not die... Freudian slip there I suppose...
You don't get it. You never die. That was a future looking statement from management that zzz was quoting. Everyone knows that with penny stocks there are short term risks that can make or break a company. We are all well aware of the risks and as an investor you choose to put your money in a company you believe in.
I believe in the product, the CEO, and the strategy here. They have already beat the odds of coming out of the testing phases while maintaining liquidity. They were able to do this by getting investors to pony up money. So others believe in this company as well. This has never been a short term scam like many of the other companies posted about on IHUB. This has been a company with a product that is working hard to get it off the ground.
571% growth last year after testing results came back better than expected on the performance of excelyte in removing the harmful and costly byproducts9 of drilling. Revenues are coming in and liquidity is there in the short term. Once revenues cross a certain threshold the profits come pouring in giving us a viable company that can continue growing.
Calculating the revenues on their presentations the breakeven price for the company comes at about 500-600 wells.
Right now there are 3-4 depots open for a capacity of 3k-4K wells meaning the growth could happen quickly. I do not want to miss the run waiting for good news when I am confident it is coming any day. Last year they grew from about 40-50 wells to close to 300. EP energy has 1100 wells of their own that we will likely get most of not all of. That's just one customer that we know of that has committed to us. There are likely more.
For the record here are my price estimates.
500 wells - $.0.59
1000 wells - $1.18
For every 500 wells you can do the math from here. This is all based on a PE of 30 which is overly conservative and a 2 dollar price per gallon for their product which will inevitably increase with market share.
People make it big because they get in before the good information comes out. I will not miss out on this rare opportunity. And for the time being I can be satisfied seeing that my well timed trades have netted me a 20% gain even at these low prices. I am patient and have confidence in what the future holds for this company and product!
Wow, so less than 250k until .08 currently.
Have to imagine the float on this thing has really died recently with people getting in line ahead of potentially imminent profitability.
Also, seeing an institutional investor (Casey Capital) taking a large pile of shares is promising as well!
I don't do any trades outside of mutual funds typically. This is my one and only venture.
I chose to dive in after a buddy told me about it 3 years or so ago. Been tracking the entire time until buying in starting in Febraury ahead of what looks to be imminent profitability with the EP deal. Things have been slow due to a change in strategy from the old Ceo to Lavance, but the strategy he is implementing makes me very confident about where things are going.
Sorry I do not have many experiences to talk about. I am very confident this is a good short term and long term investment, so I took the plunge. I have racked up close to 900k shares over the past 30 days or so.
What's L2 look like now?
Makes sense for sure! Either way we are positioned well for a great return for the levels we have all gotten in at!
Solid write up there! I have always wondered whether the management would consider a buyout or see this grow into a large business on their own.
Lavance seems like the kind of guy who will want to see this thing through! Even at 200m that we are talking about a stock price of around 75 cents...
I would like this to grow larger before a buyout, but I cannot complain about 60x my investment either!
Thanks Gary! Seems like a difference between the desktop interface and the app. I could not get it to work in the app!
Can you elaborate? Every time in search for IEVM it takes me back to the main stock ticker page to post on the IEVM specific board...
I am new here, sorry...
Up to .016... With some volume this thing can run up quickly!
Annual report should be out by Friday (if they file the same day as last year)...
Any L2 updates?
I would think it moves up to a quarter + if financials are good. We might have to wait for the q1 report though.
If the results come in weaker then I suspect we just continue waiting. This is not a matter of if but when. They have the short term liquidity, so I am okay waiting a few more quarters of need be.
It's probably there already. In other galaxies they are trading this stock on intergalactic exchanges. We earthlings are in the past. I read it in the USA today! These are facts.
I am so excited this thing is going to explode.
Wait, this thing is going on the tank.
I cannot wait for this thing to take off!
Oil industry is collapsing guys, sell me your shares.
All facts, do not argue!
Yup, and many of the larger companies are willing to continue pumping even at a loss right now to maintain market share.
Small fish cannot sustain and will go out of business, leaving the larger companies with the ability to gain even more market share.
So, one of IEVMs biggest customers will actually grow through this downturn!
And short term oil price pressure is good for us in the long run as producers are looking for cost cutting measures, also our bread and butter!
Hahaha, really? You never stop!
Hoping someone takes out the 16 ask, upside is big after that.
Any updates on L2?
Yesterday a 29 share trade to the downside and today 166 shares... Seems odd...
Is this likely attempted manipulation given so few shares and overall lack of volume?
Usually it is Enercom conferences. There are a few a year. Last year they went to one in July in Denver. Haven't seen anything this year as far as what they are attending....
I feel it's a great deal even at .04 and .06. I already got enough shares to be happy.
If the company falls where projected on well counts say 500 by end of Q1 and 1000 be EOY which are modest goals in my opinion I have the stock price somewhere between $1.20 and $1.60 before year end. I am in it for the long haul.
The future is bright with a market of 600k oil wells and 500k natural gas wells.
3 depots opened already, and likely 2 more that are just not public yet. Lavance is on record as saying that he would anticipate 8 online by July of this year. Capacity is 1000 wells for each depot.
EPA approvals are done. Depots are built, strategy is in place, machines are operating, revenue is growing. Hard part is done. Liquidity is there in the short term and profitability is right around the corner, if not already happening. This thing will take off once financials show profitability.
Then you have other industries that the product is useful for...healthcare, food production and agriculture...
This product is amazing. Lavance has implemented an amazing strategy with amazing margins. We can only thank the previous Ceo for the fact that this stock is even publicly traded.
Thanks! This is looking good!
Must be some optimism around the annual report?
Keep us posted on L2 please!
Should see results any day now!
Nope. Just started accumulating in February of this year!
Same here... I just keep adding to my position...
Would really like to see a valuation if anyone has done one...
My guess is we are around 500 wells now and will be at 2k+ buy year end meaning profitability is either already occurring or is imminent...
A dollar per share would be nice but I think this thing can go way higher than that!
I've got no problem with cheap shares! Report coming any day!
I agree. Annual report will be out any day and the moment this company shows it is turning a profit this thing will take off.
Unlike other OTC stocks this is honestly a formidable company with a product and business plan that saves money and performs better than what exists today.
Having kept costs down with minimal employee costs for the last several years and showing that revenue grew all throughout the year I am hopeful profitability is right around the corner.
Knowing there are three depots running already that could service up to 1000 wells each and that a 4th depot is likely already operational profitability has got to be close.
Has anyone done their own valuations on this based on the revenue figures in the presentation on the company website from last years Enercom conference?
I figure at around 1000 wells maintenanced they are profitable. Last year they grew 571% to more than 300 wells. If that continues we will be close to 2000 by year end.
Lavance is on record for saying he would like to have 5 more depots opened by end of 2016 meaning capacity will be 8k-9k wells very soon.
So even if the annual report comes up short on profitability I will buy more in the cheap. This company is on the up and up. Once they turn profits they can then focus on other industries where the product can be used as well (agriculture, natural gas, household cleaners, etc...)
This will be the cleaner of our generation. Others will mimic the product but I trust Lavance enough that his strategy will be superior based on his track record!
I agree with you on the rare opportunity that this company presents to investors to get in on the ground floor. Excited about the upcoming annual report to get more information!