Value Microcaps Junior Energy

[CPTMatt]

ESPI

G&A is 80% of revenues. They're going to have to grow pretty substantially or really cut costs in order to get to profitability. I don't see the attraction.

[edit] - Also not a good sign that the stock tanks on the day that it announces a pretty positive PR.

They've stated they need an additional $3M of capital over the next year to execute their biz plan. Their O/S has been steadily rising. With a market cap of $2.1M it would be pretty difficult for them to raise the capital they need to execute their biz plan for growth.

Our plan of operations for the next 12 months involves the growth of our completion and production petrochemical business through the expansion of district offices, regional sales and analytical services to new and existing customers. We estimate that our needs for additional capital for the next twelve month period to be $3,000,000. However, if our operating expenses or capital expenditures exceed estimates, we will require additional monies during the next twelve months to execute our business plan. As of December 31, 2013, the Company had cash of $5,757 and a working capital deficit of $5,331,030. We incurred a net loss of $5,237,777 for the year ended December 31, 2013.