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Re: Smith Sam post# 56895

Saturday, 03/12/2016 8:58:51 AM

Saturday, March 12, 2016 8:58:51 AM

Post# of 66165
I am on the same page as you. My thoughts are close to yours especially with the ownership of another company in the same sector and some of the deals that have not worked out in the past. I have written and spoken with the CEO on a few occasions and think she is all right in my book. I believe she at times may have been a bit too forward looking with projections and communications have not been the best. I really do believe she is trying to grow BRWC into a profitable company and may have in the past used one to feed another and dabbled in creative accounting. All that being said I do believe that there is a future here. Water is a necessity to life and this water company has a pristine sought after source and a company in a position to take full advantage of that resource. In a few days we will have more details about the UAE deal. It would be nice if it took the plant to full capacity but from my calculations I believe there will be more to come. From my calculations which I believe are conservative I believe that this company is a 25-30M operation at 80% capacity. A penny here is not only a possibility but the low end of valuation by far. This company with the right deals in place with credible financials could see a nickel easily. I have a significant investment here and have averaged down during these uncertain times. I am buying weekly and believe that the days of buying in the trips are limited to early next week. I expect a run on shares Monday/Tuesday pre news to be a few ticks higher and then out of the trips and up from there. What happens next is dependent on our CEO which to be honest does make me a little uncomfortable giving the last year or so. Given the growth potential in this sector and the PPS factored I am still very comfortable with my risk to stay long. A penny is and has been my target from day one. All the best to you and GO BRWC!!

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