Texcom Inc. (fka TEXC)

[GBExpress]

Looking at their 12/31/2014 balance sheet, they had $.15 of cash per share. I would imagine they would decrease their P&E and Goodwill just based on market factors. They have already disclosed that 2015 was not going to be profitable and I believe at least half of 2016 will not be profitable either, regardless, the assets that they have on the books are very expensive. Most people who invest in disposal wells in high O&G activity areas make their money back in about 5 years. Doesn't look like that will be the case for TEXC to say the least.

As big of a disaster that TEXC has been, their balance sheet has been improved and their royalties have been paid off/no longer exist... If this company was trying to scam people, they accidentally set up a decent looking balance sheet while clearing the way for revenue to be generated and retained easier going forward.

TEXC was at $.0067 PS on like 14,000 shares traded fwiw