Integrated Environmental Tech. (fka IEVM)

[markt1983]

600 overall, not per depot...

Margins are north of 80%, so the profitability is achieved at a very low well count...

A big piece of what is so exciting about this company. Most companies shave huge initial investments and it takes a long time to breakeven... This company has minimal expenses compared to most.

One of the reasons it has taken so long to reach profitability is that the old CEO had a strategy of leasing the machines and having the customer pay royalties for gallons produced.

Less than 3 years ago Lavance bought back all of the machines, focused only on oil and gas and began building depots to move to this model. The stock was north of 60 cents back then in anticipation of the old model achieving profitability.

As zzz eluded to, investors got sick of waiting when the company changed strategies. But this newer strategy has better margins and a better focus in oil and gas where the greatest growth potential exists as a result of fracking...