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Every investment is a crapshoot. You pick the ones that you have a good feeling on...
By time you wait for news you have missed your biggest chance.
I just don't know of anything else that provides this amount of upside at the moment...
I appreciate the dialogue as well! There are definite risks as with any investment, but at these levels the upside is just too great to pass up in my opinion...
Biggest risk in my opinion here is crude oil price. Although big banks have oil pegged between $50 and $70 over the next 12 months I am a bit nervous that we are struggling to sustain north of $50 during peak season...
The only positives are that the tighter margins at least will pressure producers to give us a second look and the completion is 3x our cost structure...
See that's my problem with this company... Every time I find a negative I find a silver lining... I am usually skeptical with these things, but I feel really good here!
GLTA!
If you know the company's history it might clarify things a bit...
Old CEO was taking this company down a path of leasing equipment and charging customers for what they produced. 5 years ago there were about 120m shares outstanding. Profitability seemed near and the stock price neared $1.00.
Shortly thereafter Lavance took over and took the company in a new direction of being the distributor of the product. This included buying back the leased equipment and putting the product through testing for additional EPA approvals.
We were all aware that this would take some time. Original thought was breakeven would occur about 9 months ago, but the oil downturn delayed this. Meanwhile, we have proven our product to be more effective than even we could have imagined and have built up our infrastructure for distribution within the oil and gas industry.
Inevitably the delays have cost us in the form of dilution, but it has also presented unique buying opportunities for a legitimate company with a legitimate product in a very rare range.
The IR has been rough for this company historically imo, but we have a solid contact in Yvonne Zappulla who is giving the shareholders what we have needed for a long time. She was actually brought in by an investor of the company because the investors have been unhappy with the IR contacts of the past (the company typically didn't employ a person dedicated for this role).
The company is truly very close to profits. They have never put out PRs pumping positive information unless it is all but a foregone conclusion.
I have purchased 2m shares, most in the last 3 months.
Even if their cash dries up the company will at least recoup the 25m of invested cash based on the infrastructure and EPA approvals. That puts us at a valuation around $.08.
There have been offers in the past and the company has turned them down. Since then our EPA approvals have grown and our infrastructure has increased. But worst case scenario is a large producer would scoop us up in a heart beat if we were in bad shape. The company has not sold because they are confident in profitability.
I see no way we lose here. Still have my valuation at $.30 by year end!
I would load up!
Oil up 4.5% today!
No kidding... This is insane...
This stock has no business trading this low...
I truly don't get it... With profitability on the horizon people are foolish...
Employees are working on deferment right now and have stock options...
The employees, the people with the most knowledge, believe in this or they would have bailed...
I am a believer...
I ain't selling any shares... Waiting like the east of us!
Really wish someone would take a swing at the .02s...
I know we will be there soon enough, but I am impatient...
Nice to see some green today!
Yup... People are always looking for a quick buck and in turn they go broke...
So the 490k that was at .0135 came up and got some...good move for them!
Still don't understand why someone would sell at this point!
And the ask shoots right back up to .019...
Too funny...
This thing is going to pop very soon!
And how does l2 look like after the 54k there at .0154?
Wondering the same thing, but glad to see things move either way! Really good support in the typical range here at .0135 to .014...
And now a huge spurt of volume...
Crazy! Good buys for whoever is getting these shares.
Profitability in less than 6 months...
Not sure who would be selling...
Another slow day...
I cannot wait for the q2 report! Roughly 35 days!
No worries ... I don't see the ask changing anyway...
We will be there soon enough for good... And higher...
Just buying time for now!
Have a good weekend!
Man, no one went for it... Lol...
I say go for it! Anyone have any free trades?
No one wants to take out then 46k at .0199?
Things have really slowed and thinned here...
Not a lot of shares left here for the commoner... At least on the cheap...
Totally man... I wouldn't be surprised if it happened at some point in the future... Honestly, the stuff is amazing!
I don't know people can expect make money that either...
Buy a sound company and you can always sleep better... Buying based on hype would make me always stressed I was going to lose my money when the emotion subsides and fundamentals take over...
Totally agree! 130 days or less! Q3 PR imo...
Maybe we will get a bump from the Q2 PR or investor call as well?
Ridiculous to be trading here...
Well they are missing out here... If I was one of the guys that got in a few weeks back I might have jumped in with the intent of flipping, but then I would have researched...
I would never want to be the guy that had something and left it too soon... I could not live with myself...
There might be other deals out there, but this type of opportunity will not come around again...
I just struggle to know what investors are looking for... Like if we come through with our best quarter and reiterate profitability by year end I will be ecstatic, but seems like a lot of investors are looking for a free lunch all the time!
Yup... I guess it is irrelevant what it does now... 4 months from now we will be smooth sailing!
If not sooner... Not sure why people are not jumping all over this based on profitability coming in the near future?
Seems like a few of the short term guys wanted out... PPS dropping a bit, but the ask is still very solid and thin...
It is getting more interesting on the spread as these smaller lots get scooped up... Ask holding firm...
These are the times where I wish we could get more news, but I cannot really complain I guess...
How's l2 looking?
Yeah.... Just need some new investors... Seems like most of us long term guys are tapped out on cash...
These low volume days/trades just keep bringing us down...
When do things usually pick back up?
These low volume days/trades Are
Yup! One thing I forgot to ask was when the next depots are opening...
Did you by chance ask this?
Anyone else know?
I just tried her and got her...
Don't use the number from the pr... Email from the pr is fine...
Here is her direct line...
1 (845) 680-0300
10 DAYS AGO!
I think it will be fairly bland for the Q2... We will see that sales have increased... That is a given because of the oil uptick... We will see we sold somewhere around 50k gallons of excelyte a month is my assumption.
And then we will see the statement that reiterates profitability by year end...
Not so much concerned about gallons of wells so long as the company feels confident in profitability by year end still, which I know is the case from speaking with the IR!
Dream scenario is they come out and say they achieved profitability sooner than anticipated... I say no chance this happens for the Q2 PR, but there is definitely a chance this happens in Q3... I guess it could happen in Q2 also, but I wouldn't count on it...
So people still have some time to get some shares, but at some point the speculators will start increasing the share price here knowing they can make a quick return... I would load up as much as possible under the $.03 range right now... My gut says we are only here for 130 more days at best (Q3 PR)...
Thin L2 is already making it difficult to accumulate, so pick your spots and go for it!
Next one is due mid August. right around the 15th... All I know is that we are on pace for profitability by year end and sales are up...
Biggest difference from before is we have numerous Master Service Agreements in place. We might only have 10 or 20 wells on some of these, but previously we were always doing work for free and testing and now we are getting paid and have contracts that are easy to expand... This is a big part for the reduced costs for us! We have proven our product so we don't have to jump through as many hoops!!! Previously we were working for free and hoping to land the contract... We got used doing this previously imo...
The MSAs allow for more wells to be added easily under the same contract... Our customers are loving the product so the growth part should be easy... We are landing newly commissioned wells at this point which previously was not the case... If oil does spike any and our customers well count grows there is no doubt we will expand rapidly... Outside of that we just have to earn the business by adding new customers which is getting easier with the shrinking margins the producers are making right now...
So with the infrastructure we have right now I would say we have everything in place for rapid growth...
All we need is 130k gallons of month and we hit breakeven. At that point we are sitting at $.30 plus... 130k is roughly the equivalent of only 400 wells...
Everything is here... Felt this way for a while now... Seems the early year oil crash delayed us, but that is fine by me! I have added more than 1 million shares since the crash at insanely cheap prices... I could not be happier!
What's l2 look like now?
Man, I didn't call you anything... I said 27k is chump change because I thought you were chasing bigger lots...
It's better than nothing, just thought you were going here, like me...
I ain't bidding for chump change like you... I am looking for lots of 500k ... What is 27k gonna get ya? I don't see a serious bid up there from you?
These are historically low volume weeks... Not worried at all... We go lower, I will buy more... Win/win for me...
Hahahahah! That's pretty funny!a lot of people have waited a long time for this company to be where it is today... You ain't gonna get any substantial amount of shares with that bid...
Just need someone to take the 27k out and the should move back up.. The two bids at .019 and .02 were fighting for priority...