Thanks for the suggestion, but believe me, any news pushed from their "database" that can even be slightly construed as positive, will be posted on this site well before I'm able to check my mail.
In response to your requests for claims. I'm not sure you have to look real hard to see real evidence. The first victims of an energy bust are energy service companies, proven, read the headlines. For STW, I guess I don't have any real firm evidence other than Energy and Construction revenue through the September is down 8%. I don't think we should expect a turnaround for the 4Q15, or 1Q16 for that matter.
I think where some get a little confused here is they are a too caught up in revenue figures. You can make $1m revenue, but if it costs you $2m to earn it, how much are you ahead? I know what got a lot of investors excited was the Water Treatment Services revenue was up 600-700% year over year (I'm recalling that, not calculating it, so it might be off). That's really exciting news for a water reclamation company. They are earning money doing what their supposed to do, which is great when the energy sector is crashing (there is firm evidence of that our there). So why am I still pessimistic? The operating loss for the Water Sector was <$1,071,441> through 3Q15, vs <$559,769> through 3Q14. That goes back to would you rather earn $2 and it cost you $1? Or would you rather earn $2m and it cost you $4m? The girl scout cookie stand down the street is way ahead.
On to Paul DiFrancesco - Please provide hard information that Alan Murphy and Thomas Joiner are running the company? I don't think we have heard anything out of them pointing to that. Quite frankly, I don't expect anyone to claim responsibility for running the company that lost 90% of its market share in 7 months. But, what we can look at is compensation and stock awards. Did you know that in 2014, STW compensated Paul DiFrancesco $635k in Board and Consulting fees? Since we like hard information, I went and researched average salaries for CFOs/directors of finance. According to the Robert Half Salary Guide, 2016 edition (2 years newer than the 10K I'm reading) Paul earned ~40% more than the average CFO of a Large Company (Defined as greater than $500m in annual revenues). Calling STW a large company, and rewarding the finance consultant more than a CFO of a large company is a bit of a stretch. Paul has resigned his positions from Ascendiant Capital Services (where he was a managing director responsible for finding cash for STW) to accept the director of finance position at STW. STW will pay Paul $144k in the first year, goes up a bit after that, award him a 100% bonus of the prior 6 months salary (at the discretion of the compensation committee, which he is director of), a signing bonus of 300k shares, quarterly bonus of 50k shares, oh and on October 9th of this year, awarded him 2 million shares for "his efforts on behalf of the company"...boy that sure is vague isnt it? I am speculating that as the person in charge of securing the capital, and I think we can all agree that that position is by far the most important at this stage in the company's life, who is being paid much more than any other executive, and at this pace will be the largest shareholder before long, is likely "calling the shots."
Again, this is speculation and it is clearly my interpretation by reading 10Qs and 10Ks. I'd like to point out that a $50k investment 7 months ago would today be worth $5k today. The market is clearly agreeing with me.
