No, I have not registered with the company. I figured any positive news would be pushed to this forum immediately. Simply put, my point is if I invested the day of the last conference call with management, I would have lost 90% of my investment over those 7 months. Investors deserve to know why. More importantly, what's the plan to stay afloat? Has any progress been made to secure more investment capital? It's very clear STW is not ready to stand on their own two feet. Who's stepping up to carry the load?
And I have some other questions that some of you may be able to answer. It seems to me that this was a Midland based company founded by Stan, who everyone knows, is from a reputable oil family. The CEO seems to be from west Texas, and we can argue all day long whether or not he's fit to serve as the CEO. I'm not sure exactly what the relationship with the CFO is. I guess he's based in California and has an accounting firm that performs CFO services for different clients? He's not an exclusive STW employee? Why not a Texas based CFO? Paul DiFrancisco, if you research him, has run different investment funds and such based in California. If you try to reach out to him he's in California most of the time, stopping in to Midland from time to time. The accountants for STW are based in Midland. I guess my question is this...did this begin as a Midland, TX based company and did Paul DiFrancisco hijack it? What relationship does a water reclamation and energy pipeline repair and maintenance company have with southern California? Stan is no longer serving CEO, all inquiries are directed to Paul, who's likely in California? I know I've read on here some projects in California and I realize their water situation, but isn't the core water projects centered around small towns in the Permian? It just seems like a very odd arrangement and I worry about someone like Paul DiFrancisco collecting his $200k as investment director or whatever he is, while serving as director. He also received 2 million shares for his services in 2015. This is sounding more and more like his company, and I'm not sure he's as interested in water reclamation as he is in bleeding STW dry.
