Solid company.
IMO this will be a pure water play at sometime in the future. I would suspect the pipeline business will continue to grow, it is already profitable. The reason it will continue to grow is that our pipeline Infrastructure is not made to take the psi that is now used. Lots of work to be done.The pipe line division will make a very nice stand alone company. But that is not why I am here. Look at the projected growth in the water industry, then look at he WTWP. Do the math on potential water rev's. No it is not a sure thing, but the company is paying down debt and rapidly growing. What was the percentage growth in water. Here it is 795%. Wow. My guess is this is just the start of great growth in water. Lets say 25% growth over the next 4 Qs, do the math compounded each Q. Thats some pretty nice revs in water alone, a high profit margin business. It will be far greater than 25%. IMO
IMO they will have little problems getting any additional money needed for the H20 business as folks want a piece of this business.
Dilution, maybe a little, (how much did they dilute the past Q?lol) Insiders and board members will not destroy there own investment. Public float still looks very very good.
So you can continue to wait for .02, and wait and wait and.....wait. We will see .20 before eoy imo.
But I am not here for .20.