Friday, October 31, 2014 10:52:51 AM
These ENCR units cost 100's of thousands of dollars - plus they take months to complete on the physical side, and other regulatory / permit requirements will add on even more time (which depending on where you are can turn into a nightmare because you have to deal with a bureaucrat who is probably either corrupt or stupid).
Point is it will take meaningful money up front to get one of these started - and from being in the industry most of your money will come on the backend over time (read years and years). Meaning they aren't going to be spitting out tons of cash ASAP. Finally ENCR has NO money, and have warned in all of their recent filings about that fact - and that if they can't find the financing, will no longer be able to be an ongoing entity. Their words - not mine.
Again, great technology but with energy prices falling off a cliff capital investment by the producers is slowing down dramatically (again I sell into this industry so I know this for a fact). So if they aren't even spending on actual production equipment, I don't see them spending much if anything on secondary units like ENCR's.
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