It speaks volumes that management has not stepped forward to stop the bleeding. As the PPS has plunged ~90% in 6 months, not one insider has shown any degree of confidence by stepping up and buying shares. I don't honestly believe it's a scam, but I think the insiders realize it's a pipe dream (pun intended) at this point. At the very least they could put together a conference call and butter up some of the faithful. Cash is what's going to kill this company. We won't know exactly how bad it is until the next 10k, which I presume will be filed untimely once again, but without the pipeline repair and maintenance revenue, the hole will only get deeper. The only noise being emitted by the company is fluff PR articles with a disclaimer at the bottom noting the author received 5,000 shares for posting (further dilution). I think management at this point is drawing paychecks (Paul DiFrancesco - $192,000/year, Grant Seabolt - $114,000/year as a contractor nonetheless) and I assume the well qualified CEO in his first big time gig is earning somewhere around what Stanley Weiner was ($200+K). And look, I understand talent costs money, but as I see it, this isn't a well established cash generating entity and this lineup of all-stars isn't earning their keep. They're also well compensated in ESOPs. I honestly believe management and others think it's over and are pulling every last penny they can before it tanks. I'm expecting a very very very poor 10K, whenever we might see it.
