STW Resources Holding Corp. (fka STWSQ)

[BBP1990]

Interesting outlook and well researched. Where I would caution investors who are here for the long and strong approach is funding. I don't think anyone is debating the necessity of water and plans for procurement, but is STW well positioned to take advantage? STW is clearly on life support at this point and if they don't receive any additional funding the show is over. As a city manager it would be very difficult for me to trust a vendor like STW for my 5-year water plan when I have serious concerns they are around in 5 years. The 3Q water revenue was a one-time booking, and we have heard no news of new revenue sources. The opportunity for significant gains at this level is certainly there, but the odds are very very long IMO.