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Nothing impressive at this time. i am awaiting clarity on their exclusive marketing license which seems to be in limbo.
I think its their insatiable appetite for wanton spending and the fact that they are serial diluters of shares. It makes one wonder if they will be at a billion shares by the time they are profitable.
Any thoughts on the most recent 10Q?
Revenues finally ramping up, 751% increase. However, so are expenses. hope revenues keeps ramping up faster than expenses soon.
Integrated Environmental Technologies, Ltd. Increases Well Count To 174 Wells Treated With Excelyte®
http://finance.yahoo.com/news/integrated-environmental-technologies-ltd-increases-203400301.html
New Investor Presentation http://argex.ca/images/pdf/en/Presentation/Argex_-_April_2015_-_Presentation.pdf
more interested in financing news however.
Took a position in this company
true,
i am sure there is a ton of shares available at this level. lets see how strong these possible new buyers are. Seems there were alot of questions at the end of the presentation and not enough time. must have been a person in the presentation that probably went on their ipad and started buying.
Seems the presentation went well today. nice volume in the last 20 minutes of trading.
141 Wells now. Assuming they get 600/mth/well, then their revenue run rate now is around 141*600 = $84600/mth. i think this is still below their expenses, so they are still running a loss. Seems they are getting around 25 wells/mth. if this continues till the end of the year with no growth in wells/mth then we should be at 141 + 8 months * 25wells = 341 wells by December. or 341 * 600 = $204,600/mth in revenue. Lets see if they manage to grow the well counts going down the line.
Integrated Environmental Technologies, Ltd. Increases Well Count To 141 Wells Serviced With Excelyte
Company Also Announces Presentation at the 2015 IPAA OGIS New York Conference
PR Newswire Integrated Environmental Technologies, Ltd.
1 hour ago
????
LITTLE RIVER, S.C., April 16, 2015 /PRNewswire/ -- Integrated Environmental Technologies, Ltd. (IEVM) today announced that it is currently providing Excelyte® well maintenance treatments on 141 oil wells. The oil wells being treated are located in the Uinta Basin in Utah and in the Permian Basin in New Mexico. The Company has commenced Excelyte well maintenance treatments on approximately 35 new oil wells since it last provided an update on its oil and gas operations on March 5, 2015.
In addition, the Company announced that David R. LaVance, the Company's President and Chief Executive Officer, is scheduled to present at the 2015 Independent Petroleum Association of America (IPAA) Oil and Gas Investment Symposium (OGIS) New York Conference on Monday, April 20, 2015 at 3:40 p.m. ET. A webcast of the presentation can be accessed at the following link.
http://www.investorcalendar.com/IC/CEPage.asp?ID=173902
Mr. LaVance commented, "The results of our Excelyte well maintenance treatments continue to show that Excelyte is an effective biocide with an added benefit – it reduces the level of hydrogen sulfide gas present in oil wells. We believe that having this dual capability makes Excelyte a very attractive product for our customers."
The Company believes that Excelyte reduces the level of hydrogen sulfide gas in oil wells faster than competing products, primarily due to Excelyte's ability to rapidly kill sulfate-reducing bacteria. Excelyte also kills bacteria that corrode well equipment and well linings, which the Company believes should lower well repair costs for oil producers. Further, Excelyte is easier to administer and more environmentally friendly than competing products due to its naturally occurring properties.
Hydrogen sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte acts as a biocide and as a hydrogen sulfide eliminator/scavenger that kills sulfate-reducing bacteria, which are known to produce hydrogen sulfide. The Company's current down-hole well maintenance treatments consist of regularly scheduled Excelyte treatments on oil production wells that: contain bacteria which can corrode well equipment and well linings; contain bacteria that can sour the oil produced; and/or test positive for hydrogen sulfide.
Added some more today.
Seems the market is agreeing with you. Market wasn't impressed by the end of year results. Hope this changes in 2015. $OPRX
I liked their 10K and the CC. i have initiated a position and expect a strong 2015 and beyond.
Couldn't help myself today. Finally loaded up on it.
WHITE HOUSE DRAFTS FIRST-OF-ITS-KIND SUPERBUG PLAN
http://www.ecotreatments.com/press/white-house-drafts-first-of-its-kind-superbug-plan/
PyroGenesis Announces Closing of $4 Million Private Placement
MONTREAL , March 30, 2015 /CNW Telbec/ - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV:PYR.V), a TSX Venture 50® clean-tech company (the "Corporation" or "PyroGenesis") that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, is pleased to announce that it has closed its previously announced private placement (the "Offering") of $4,000,000 principal amount unsecured subordinated convertible debentures of the Company (the "Debentures"). Pope & Company Limited, as sole agent and bookrunner (the "Agent") sold a total of $4,000,000 Debentures. The Debentures will mature three (3) years from the date of issue and will bear interest at a rate of 7.5% per annum, paid quarterly in cash. The Debentures will be subject to a statutory hold period of four months and one day from the closing date of the Offering.
The principal amount of the Debentures shall be convertible at any time at the option of the holder into common shares of the Company (the "Common Shares") at a price of $0.80 per Common Share (the "Conversion Price"), and upon giving effect to such conversion, all accrued and unpaid interest will be paid in full within 60 days. The Corporation may redeem the Debenture at any time prior to the Maturity Date by paying to the Holder a redemption price (the "Redemption Price") equal to: (i) the entirety of the Principal Amount, (ii) any interest accrued thereon as of the Redemption Date, and (iii) any interest to be accrued (but not yet accrued as of the Redemption Date) thereon up until the Maturity Date. In the event that the average Market Price of the Common Shares over the course of the 20 trading days immediately preceding the date of the Redemption Notice is equal to or greater than $1.20 , then the Redemption Price shall be calculated as comprising (i) the entirety of the Principal Amount and (ii) any interest accrued thereon as of the Redemption Date only.
In consideration for its services in connection with the Offering, PyroGenesis paid the Agent a cash commission of $218,475.00 , representing 6.5% of the aggregate gross proceeds of the Offering and an additional 1% of the gross proceeds raised in connection with orders sourced from the Corporation under a President's List. As additional consideration, PyroGenesis granted the Agent 270,417 Broker Warrants (the "Broker Warrants"), with each Broker Warrant entitling the holder thereof to acquire a Common Share at a price of $0.60 for a period of 24 months from the closing date.
Peter Pascali , an insider of the Corporation, purchased $755,000 of the Debentures being offered pursuant to the Offering. His participation in the Offering constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 ("MI 61-101") and Policy 5.9 of the TSX Venture Exchange ("TSXV"). This transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to, nor the consideration paid by Peter Pascali , exceeds 25% of the Corporation's market capitalization.
The Corporation did not file a material change report more than 21 days before the excepted closing of the Offering as the details of the participation therein by related parties of the Corporation were not settled until shortly prior to the closing of the Offering.
PyroGenesis intends to use the net proceeds from the Offering for general corporate purposes, working capital and development projects relating to recent business development efforts. The Offering is subject to the final approval of the TSXV.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act), except pursuant to an exemption from the registration requirements of those laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the 1933 Act).
About PyroGenesis Canada Inc.
PyroGenesis Canada, a TSX Venture 50® clean-tech company, is the world leader in the design, development, manufacturing and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced PyroClassTM engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 production facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol PYR.V). For more information, please visit www.pyrogenesis.com
I Have only been adding during this quarter expecting growth from 1Q 2015 and beyond
10K is out. as expected, nothing impressive as the growth really began after 4Q 2014. I am looking to a much improved 1Q 2015.
Based on this presentation its 332M shares. i have been adding at these levels happily.
http://www.oilandgas360.com/tosc-webcast/ievm
Hi Stropdynasty,
Hard to say really. I just think that long term, say two years from now it could be 10 times higher.
PyroGenesis Announces that it has Completed its Second Commercial Waste Destruction System to be Installed on the US Navy's JFK Aircraft Carrier; Separately, it sells Equipment Engine for $415,000
http://finance.yahoo.com/news/pyrogenesis-announces-completed-second-commercial-134700959.html
I am surprised that this company is not followed on ihub. i thought it would have a lively discussion based on the fact that its currently profitable on its virology business alone. then one has the free call option on the patent suit against novartis. then we have the big one, Lumisort, which can be life changing for investors in this company.
i hope that this board picks up over time as the company executes on their goals.