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Not bad! Still sitting pretty!
Good morning! How's l2 looking? Ask seems solid, just need some more bidding...
From the IR contact... She said it is an existing customer who has wells in basins where we don't have depots...
Guessing we would ship the product and they wold just dump this in their tanks themselves?
Seems like another niche for us to exploit, which is nice!
Mind sharing your thoughts on timelines and valuations?
I am thinking breakeven by Eoy (more bullish on oil than you).
130k gallons of excelyte a month at about $1.50 a gallon puts us at $2.34m revenue for the year...
PE at 40 with $320m shares and I get $0.29 PPS...
Could be higher if we get closer to $2.00 a gallon which should not be too difficult...
Also, recently heard that we have a customer who wants to use our products in his frack water waste disposal trucks which could expand our sales soon too...
I feel really good!
I think by EOY 17 we are around $10m in revenue and pushing $1.50 PPS...
Hope you are enjoying your time off! I'll be on Tuesday ... Not expecting anything here tomorrow either...
Completely agreed! Only concern I see is smaller bid sizes, but that will just take time... No sellers below .02 is very nice to see!
Hopefully some of the newer folks have done their research and will look to take larger positions!
Nice close at $.02! Solid June!
Have you spoke with Yvonne? She seems solid and I like everything she is doing.
So what's your play at this point? You hanging in here or getting out based on your prediction of falling oil?
Back to .02! Nice sized lot there also... Haven't seen any big lots below .02 in the ask side in a while...
If you want in with a decent position it appears .02 is as good as it gets now!
You might get 10k here or there but not many sellers at these levels.
https://www.google.com/amp/www.wsj.com/amp/articles/crude-slips-but-longer-term-outlook-keeps-prices-around-50-1467282417?client=safari#
This article details how the analysts see $55 as the average...
I like seeing oil in the high 40 to low 50 range as it forces producers to critique their costs more and maybe give us a second look!
I think we are in good shape at these levels!
I see everything as rigged... Goldman Sachs has estimated oil to stay between $50-$70...
Have to believe these guys are in the pockets of governments and producers... Maybe I am just a cynic...
I cannot see them allowing it to happen...
Crazy article in my opinion...
Here is her direct number... Varies from the one in the last report! Email is still the same:
Yvonne Zappulla
yvonne@grannusfinancial.com
1 (845) 680-0300
She will tell you anything you need to know...
This company only trades so low because the word is not out on it... Only 170 investors.
Once the quarterly conference calls start and the word gets out we will see more volume.
With profitability coming by the end of the year we will all be sitting good! Now is the time to get it! Thin L2 for a reason... No rationale person would sell their shares right now! The fun is just beginning!
No reason to go lower at this point...
Next PR is 45 days out.. It will reiterate we are on a path to profitability by year end...
PPS is only going up from here... The closer we get to the end of year the higher climb!
Several new MSAs have been signed. We have finally moved out of pilot phase... Slightly delayed because of the oil downturn, but looking good from here...
Hahahaha, it's just nice to have a contact...
This company has needed an IR contact like her for a while!
Excited that we will have quarterly investor calls now as well!
She said that we are definitely seeing an uptick in MSA signings so we are positioned for more rapid growth.
Previously we did pilot tests, where now we are actually closing deals without having a testing phase.
Profitability by year end! Cannot go wrong here!
I talked with Yvonne again! Really optimistic and great customer feedback!
Hoping to implement quarterly IR calls for the Q2 release but definitely by the Q3 release!
She reiterated profitability by year end still looks good!
Really like the direction we are going here!
I talked with Yvonne again! Really optimistic and great customer feedback!
Hoping to implement quarterly IR calls for the Q2 release but definitely by the Q3 release!
She reiterated profitability by year end still looks good!
Really like the direction we are going here!
Just waiting on the news... So glad to be getting shares this cheap! Quarter ends this week!
I'm gonna call Yvonne and get an update! Should have some strong numbers this quarter!
Nope, just keep buying up the cheap shares... It's all we can do...
What did they say? I am on the edge of my seat over here? I bet when they fix it we will go to a dollar, right?
Nope... Only 14k at .0222...
Take that out for less than $200 and we are off and running again...
And we are back green...
Just a fluke trade probably... Don't think there is any manipulation going on...
Just impatient investors...
Not sure why someone would not want to wait this one out... Not like there's a lot of green elsewhere right now...
Pretty typical... Probably some of the folks that added last week and were trying to turn a quick buck in a few days...
Money was safer here than the rest of the market...
Bid is already rising... Looks like you will make a quick return...
Shares are hard to come by here... Most of us know where this is going and have no intention on letting go of our shares until we are in double digits or higher...
That was odd... Impatience of others will reward the rest of us... Ask is still .0239... We will bounce right back!
Glad you got some more!
Enjoy your vacation man! I need to call fidelity and get my l2 figured out anyway... Maybe I will take care of that today...
Could not agree more...
We have already turned the corner here.. Call the IR contact and she will echo the same sentiment...
At this point with profitability listed as the year end goal they would have to advise is of something if it is changes...
So no news is good news as well right now!
This has never been a company to pump information, so the fact that they took a bold stance on profitability is huge!
IEVM
Bullish trend - a lot of green the last 2 weeks due to company rebounding after oil collapse!
Very thin L2! Company CEO has touted breakeven/profitability by year end! Check the last PR! Www.ecotreatments.com
Look at the company's history! Previously traded in the $.60+ on a less effective business model under the old CEO! Lavance is taking this company to the next level!
Just last year $.10-$.15 was the norm but the oil crash brought us down.
No reason to be this low. Depots built, EPA approvals in place, V shaped recovery underway at company and in oil prices, sales coming in!
Call IR contact from May 16th PR and you will realize how great an investment opportunity this is!
Real company with real growth in a great industry!
Don't miss this opportunity!
IEVM
Bullish trend - a lot of green the last 2 weeks due to company rebounding after oil collapse!
Very thin L2! Company CEO has touted breakeven/profitability by year end! Check the last PR! Www.ecotreatments.com
Look at the company's history! Previously traded in the $.60+ on a less effective business model under the old CEO! Lavance is taking this company to the next level!
Just last year $.10-$.15 was the norm but the oil crash brought us down.
No reason to be this low. Depots built, EPA approvals in place, V shaped recovery underway at company and in oil prices, sales coming in!
Call IR contact from May 16th PR and you will realize how great an investment opportunity this is!
Real company with real growth in a great industry!
Don't miss this opportunity!
IEVM - great technicals! Check the monthly and weekly chart!
Seeing a v shaped recovery in oil is definitely helping...
This is a stock that has consistently traded around $.10 in the past if not higher.
The last PR in May the CEO said the company feels very confident in breakeven by year end.
Very good product here, great leadership and infrastructure is built. The company has EPA Approvals and patents done and their testing has come back better than expected for well treatment.
No reason we cannot surpass the .08-.10 range as the company is in a better position than before and closer to profitability than ever.
I have the the valuation north of $.30 by EOY well above that in 12 months.
This is not your typical penny stock. Real solid company, no pumping.
GLTA!
IEVM - great technicals! Check the monthly and weekly chart!
Seeing a v shaped recovery in oil is definitely helping...
This is a stock that has consistently traded around $.10 in the past if not higher.
The last PR in May the CEO said the company feels very confident in breakeven by year end.
Very good product here, great leadership and infrastructure is built. The company has EPA Approvals and patents done and their testing has come back better than expected for well treatment.
No reason we cannot surpass the .08-.10 range as the company is in a better position than before and closer to profitability than ever.
I have the the valuation north of $.30 by EOY well above that in 12 months.
This is not your typical penny stock. Real solid company, no pumping.
GLTA!
Lastly, another callout for newer folks here is the fact that we actually have institutional investors which is fairly rare for penny stocks... This is a company who was suppose to take off quicker but the oil collapse slowed is down...
Kevin Casey of Casey Capital has 9.65% of shares.
Alvin fund has 5.63% and Zanett Opportunity fund has 5.20%.
Definitely some strong indicators that this stock is heading north...
Although the oil collapse held is back it also forced producers to give us a second look due to shrink in margins so in the long run this will likely benefit us!
And if you do the math for valuation purposes it shakes out like this:
IR contact confirmed that it would take 130k gallons of excelyte a month to hit breakeven.
Assuming a modest $1.50 a gallon... Likely closer to $2.00 a gallon in reality you come up with a revenue number of 2.34m annually.
When you apply a PE of 40 to the 320m shares outstanding share price comes out to $0.29 - $0.37 a share depending on the ppg of excelyte...
PE will likely be higher as well once breakeven occurs and investors price in future growth...
For those that may be new to the thread here is an excerpt from the last PR on May 16:
"This first quarter was difficult as the swift downward swing in oil prices was met with an immediate response from producers, which had a hard impact on their suppliers such as IET. We were affected during this period; however, it was brief and has left our Company in a better position going forward. We are continuing to scrutinize our internal costs, which will permit us to achieve profitability sooner, and are experiencing a new industry-wide openness and receptivity to cost-effective solutions," commented David LaVance, President and Chief Executive Officer of Integrated Environmental Technologies, Ltd.
Mr. LaVance continued, "We are witnessing a revenue reversal in the current second quarter and are at pace to catch up and possibly surpass our average quarterly revenue for 2015. We clearly are operating in an industry where a new product must either reduce costs or enhance production. IET products do both, consistently and under highly variable conditions. Excelyte® has been rigorously tested in the field and achieved EPA validation. Importantly, we have turned the corner – over the last few weeks, new customers have indicated that they are prepared to bypass the pilot stage, opting to proceed directly to purchase order and/or contract once a master service agreement is in hand. At our current trajectory and modest cash burn, we believe that exiting 2016 with breakeven cash flow on a monthly basis is a realistic goal."
Agree! What a great week! Expecting more of the same next week! Nothing should stop this...
Yup! Almost no selling into the bid. No real profit takers (most of that won't really happen until .04 or .05 anyhow...). Should keep on moving up next week!
Everything is shaping up for a sustained uptrend here!
Pulling for another green close!
IEVM - great technicals! Check the monthly and weekly chart!
Seeing a v shaped recovery in oil is definitely helping...
This is a stock that has consistently traded around $.10 in the past if not higher.
The last PR in May the CEO said the company feels very confident in breakeven by year end.
Very good product here, great leadership and infrastructure is built. The company has EPA Approvals and patents done and their testing has come back better than expected for well treatment.
No reason we cannot surpass the .08-.10 range as the company is in a better position than before and closer to profitability than ever.
I have the the valuation north of $.30 by EOY well above that in 12 months.
This is not your typical penny stock. Real solid company, no pumping.
GLTA!
IEVM - great technicals! Check the monthly and weekly chart!
Seeing a v shaped recovery in oil is definitely helping...
This is a stock that has consistently traded around $.10 in the past if not higher.
The last PR in May the CEO said the company feels very confident in breakeven by year end.
Very good product here, great leadership and infrastructure is built. The company has EPA Approvals and patents done and their testing has come back better than expected for well treatment.
No reason we cannot surpass the .08-.10 range as the company is in a better position than before and closer to profitability than ever.
I have the the valuation north of $.30 by EOY well above that in 12 months.
This is not your typical penny stock. Real solid company, no pumping.
GLTA!
Man only 108k... I cannot wait for next week!
What to we have now? Hoping someone takes out the .024...
Extremely thin... Only takes one buyer right now!