I must tell you on this you are completely wrong. No need to defend the undefendable. I still have stock in the company but we need to move to a position of some truth telling.

I believe the Lynch fellow well meaning but more entrepreneur, wheeler and dealer jack of all trades, of doubtful competence and knowledge in the oil industry but very good for the cut and thrust of slightly warped African Government dealings. The others are really mid level American managers who while they have originated from Africa, have no base of experience in the continent.

Therefore, the leads and stories are stabs in the dark.

I have a close associate who has dealt with them and states that they spend most of their time on other work, surprised as much as anyone when Greg takes casual conversation and updates them as possible sales leads in his updates.

I think the longs have got to jetson the Energy Tec is a substantial company. The staff are part time on everything, full time on nothing and with no real business traction in the region.

Nothing can come of it...

Whacky, I have to agree with you.

For a banker, first off to say that he does not overhype like previous management have no news and wish for happy holidays with cash-flow crashing first quarter.

Greg has gone mad, or has a last laugh...nothing in between.

I have he last dregs of investment no losses in position, but enough to make me wince if it becomes toilet paper.

The Energy Tech guys and Iraq deal is very much a pipe dream that crew is wall to wall hustlers with 50 other deal on the boil with no clarity or clue to close anything.

Happy holidays...or not...

The last roll of the die!!

I need to clarify the one point about having any hope for Algeria or what sounds like Sudan (under sanctions not sure how they intend to pitch this one to a US company). Manifest nonsense.

Under no circumstances will the conservative middle east oil industry that does not sneeze, without western guidance and direction go out and be the first to buy experimental technology that has problematic trials with world class leaders.

ETA has absolutely no track record in the industry or knowledge of business with those countries to convert in my opinion, in the best of times.

The fact that Greg feels comfortable in his skin to serve this to people who have spent hard earned money on this, sounds almost criminal. Unlike Cecil, whose main magic was ability to seperate people with their hard earned money the worrying factor is that Gregg style is that of a banker. He acts like he is doing his investors a favour-ensuring that he effectively has handicapped existing investor base from increasing (not to mention undermining them with side sales at 0.25 cents to new investors).

I hear your encouraging words about the future, and sales coming. However the manifest nonesense above, Hawai trip and flogging without process on the side of discounted shares-have annoyed me beyond words.

I am starting to say...Mr Sano you prophet...

However, only in penny land like a fool bleeding at bad news hangs onto the the impossible dream like a lottery ticket...sure the next day will bring good news. Somewhere somehow a black spotted swan will come across the horizon...

No exact science for wavering, but time is money and this is a gamble and investment, not a declaration of faith. I put a deadline first quarter on a scientific basis and then just drew back, the balance 100K odd shares will hold to term(enough for interest not enough to hurt if goes completely belly up).

The reason for delay on paper can be anything, and it might be zero interest or it may be a negotiation stance. However, if it works as well as it does and you know your righting a cheque to something that will run out of tarmac in few months...you can drag your feet until they sign a really silly deal if no-one else comes to the party. You will be tempted to wait to the last possible moment...which may be to late...if the company runs out of tarmac, then credibility shot and you would be able to take over for a few cents.

If they have no interest after live trial, they would have seen something quite horrific given all we are hearing and this is terrible new.

I think therefore the best scenario that they have interest and are putting STWA over the barrel can work, but it is taking a risk fiery investment and add a few tons of petrol and TNT into the mix.

I think whatever the outcome it will not be a slow and steady build or burn, it will be dramatically positive or negative.

My two cents.

J

I think the dreams of a middle eastern night or company outside the US being the first mover misplaced. A cursory visit to any of those countries will quickly establsh large corporates, specifically American, dominate the production, strategy and thinking. These countries will do no more than jump on the band wagon once moving...

It is down to getting a first sale within the prime companies listed, and having the capacity, commercial knowledge to stare them down as the STWA plane runs out of runaway...

That said and done, have had to cull shareholding end of first quarter to have the capacity to take a crash...sure I will regret it.

I think however we are being realistic, those who have a position in stock. Let us hope we get a shock from the left field sooner than we think...that makes our foolishness, our wisdom.

That is the only possible point of sense as there rhetoric is too personal, too prolific, rationale absent to be passive advisory for investment or idle interest or even revenge...

Way too personal...

I suppose load up....they have done their DD...only good to knock down a real runner!

Alkaline

Great thoughts!

I think we must all keep this perspective: it could be the most amazing or silliest thing we have ever done. Ample arguments still lie on both side, and it is the nature of penny stocks and the truly great investments.

The lie is as many short have indicated, that you invest when everything is clear and known, cashflows are firmed and outcomes are known. The truth is that all businesses start in uncertainity and in the case of STWA this is a segment the industry refer to as "snake oil." while claims of magical healing balm or white pipe are a dime a dozen.....do we have the real thing?

I am not sure, look promising, but either way, we will find out pretty soon!

The appointment of Mr. Tom Bundros has pulled me back from the brink of pulling the trigger partially on sale of stock.

For an employee, and a low risk one like Tom Bundros, who has most of his life been working on the financial/treasury side analyzing downside risk he would not be looking at fees coming on to a board like STWA.

Tom key concern would be Gregg, you are one step away from bankrupcy if nothing comes of for me to join you show me this is as safe as an employment contract and there is only upside for me joining.

His acceptance says, he knows that next few months the progress of STWA is assurred, he would not join in the middle of a fundraising crisis.

I am back to believing!

Thank you I will try be clearer.

Smaller countries and companies do not have the confidence, inhouse expertise or capital to be on the cutting edge of change.

The whole pipeline efficiency discussion is one industry operators continually call one of being "snake oil." It is filled with huge promises that this additive will delivery y return, and so the entire market is sceptical.

It will take adoption, order, endorsement from an industry leader to make headway in a very conservative slow to change market.

Everyone is interested in efficiency in pipeline, but many have horror stories of under performance of wild claims of delivery.

Whacky is this helpful?

Great Post Zero Sum the big picture oil points to really significant black swan times for STWA if/when first order comes through:

Yr conclusion:

" The fact is that if the AOT works as good as I think it does, then outfitting their pipelines with AOT's is a much more significant investment that would effect much much longer time horizons. I would imagine we are talking 20 or 30 years or even permanently (why would they stop using it unless a better technology was invented?). An investment with that kind of time horizon cares very little about today's oil prices or even next 5 years of cap ex. "

I just want to add two cents to your twin conclusions about long term horizon of capex and the fact that harder times drive efficiency.

I also think in the overall big picture energy security and infrastructure is central to any country. For the first time in decades it is in sight for North America-amazingly little if any oil was bought from Africa that had emerged as 2nd largest supplier to NA after middle east.

I cannot see anything but more private and public investment to shore up these incredible transformation of energy security in North America in pipelines, storage, refining and export facilities for oil and gas.

However, STWA needs to give us a tangible order. We have heard enough thunder and lightning, need rain-key customer order. The puffed up Cecilian communication needs to stop, and we need to change gears from struggling not sure if we will make next quarter smoke and mirrors, to clear expectation of future income.

STWA needs to filter out some of the weak Africa/ME marketing information (no chance anyone is going to buy or even have serious discussions with STWA before TransCanada and Kinder Morgan buy and shout with joy from the rooftops). We should not pretend with that either.

Mr. Bigger this is your quarter, I would prefer day, week or month, to deliver. Time is up.

I agree completely unimpressive.

However the one thing that I have found in a slick, clear, detailed world is that bad website information usually is a cover for very solid product ( it is so bad it has to have something to it we cannot see ).

Finally someone understands the name...it will be that or tears...no in between.

Appreciate all your insight over time!

J

Magic White Pipe detraction is coming against slight tail wind for the first time I detected a slight sense of panic in Mounsier Sano, I love the sound of a game almost fully played.

Tpsully no need to engage it is quite clear that the game is up for us all, any which way it turns out. I think imminently.

Ladies and Gentlemen,

We are where we are as JT has alluded at we are at the highest risk segment but to are credit we have fairly liquid securities, and therefore our position can change in...an instance..the variables we are facing are really 3:

1. As alduded by someone earlier this security more than most in penny land trades short term technically...is oscillates to the high and lows of the demand and supply conditions that it has historically experienced. It means that is is a great steady business for a good trader. His point was that we have reached the technical low, and more likely than not rebound occuring without any news.

2. Information and forward leaning stuff...it is true it does make a differrence and can make the differrence in valuation but it is not in our control. What will happen, is what will happen...it will work or not work...andif we can perfect information and perfect knowledge of outcome and presentation ... of course I would not be investing ...I would be dishing out cash from my foundation to save humanity (because of all the money I made in a few weeks).

3. Perception of the shareholders and management is for me the most critical and overlooked. You reach a point in a race a marathon...in durban south africa...this weekend they are racing something call the comarades a insane long distance race of 86 km that you train maximum 30 km for and that you try out two oceans as warm up of 56 km...it is a game with yourself to know if you are worthy, if you can trascend the pain and the doubt. Are you shareholders worthy...forget sandra sano character...as he is the alter ego of doubt that will dissappear with success and blow up with any blip...are you worthy of the success, fortune and change this investment will bring to your this day...when the tide changes for good.

I have be in long and strong for years...I know the smell of rain...do you?

Yes if things do not pan out and Cecil cashes out and walks into the sunset with shares liquidated at current price assuming he finds the money to excercise the option and is able to liquidate without the market going below his option price, sure it will be the final nail on a bad ride.

However we accept the above market risk of this investment. Cecil has done well to take this company to point of commercial takeoff, it has left a slight sour taste in everyone mouth how he has looked after his own interests first, but we will all forget him once this thing start to fly.

We hope Greg is differrent and that his share deal on joining did not give his a taste of fantasy. The die is cast nonetheless he needs to start showing us deals...one after the other...and paying himself from cashflow not speculation and share options.

I say we give him to end 1st Quarter 2014.

First posting. I want to appreciate all the contributions and the education you have provided to me with my small interest in STWA. It is an amazing stock because on the surface its history and story do not seem plausible, but the energy and content of your posts have given comfort.

Mr. Sano thank you as well for energizing the believers!