I have been watching this stock for about a year. Historically, management has followed through for the most part.
One of their subsidiaries got approved for a Army Corps of Engineers project a while back. Shareholders waited a long time for the approval, which was a regulatory thing the Co. really had no control over, but it did come. I know several people here did the DD and confirmed the project and approval with the Army.
The last acquisition (I believe it was Ideal Mechanical), was another one they followed through on. Just like this LOI from today's PR, they released the PR on the LOI for Ideal ahead of time, and the deal went through. I believe Ideal is the subsidary that has been getting all of these multi-million dollar HVAC contracts.
They also promised DTC last year, and they made good on that this year. Like these other things I have mentioned, they have followed through, but it took longer than originally estimated.
Last year they also stated they would be auditing their financials with the intent of uplisting to a senior US exchange, and hired a audit firm. Earlier this year they released 2011 and 2012 audited financials, which from what I recall actually uncovered additional book value.
Still waiting for 2013 audit and news on up listing.
I agree this is an unusual stock. It is trading far below the book value (was said to be $1.80 I think based on the audit + independent valuation that was done last year). It is also trading below their annual revenues. Many people here have done DD calling these subsidiaries and others to verify information which all seems to check out.
My take is this is a small company. It is 92% owned by insiders. Quite frankly, IMO, they dont care about their stock price. Not much is put into PR or trying to pump the company like other penny stocks. They are making money with these subsidiaries and green energy deals, and they dont rely on selling stock to raise capitol or pay themselves, so what do they care if their pps is 0.017 or 0.17? Worst case is they get a bunch of angry emails from people who own shares. They own most of the shares so no one is going to acquire them on the cheap. If anyone wants to buy the Co out, they would have to go through the insiders and pay what they want.
