Agreed... $671k in overdraft, no cash... Credit markets for companies operating in metropolitan areas where more than 50% of economic activity is energy related is all but dried up. Permian Basin activity has been a little more resilient due to large companies turning focus away from Bakken and EF in South Texas, but at a sustained price of $40-$50, Permian activity will fade as well. Not sure exactly what energy construction business STW is involved in, but you have to assume the activity will continue to fall. I think the assumption is STW will become a stand alone water treatment company within the next couple of years, and with the recent El Nino weather patterns and the wettest year in the area since probably 2010, I think interest is drying up. Cant see a whole lot from the 10Q, and without a management call, you can draw all kinds of assumptions. Bottom line from an outsider looking in is they'll never make it without additional funding, and they're not likely to get it. BTW, still don't like the outstanding sales and payroll tax liability creeping up?
