Integrated Environmental Tech. (fka IEVM)

[markt1983]

Finally got a chance to read it all and it truly is a restatement of their January 26th press release. 571% growth in wells from EOY 14 to EOY 15. 4th depot is open as anticipated.

Revenues up from 14 as a result of well count growth, but not as significant as we would like because a lot of work was done at cost or for free to obtain the customers(thus the increases in sales and marketing costs).

Interesting note to me is that we have 3 large institutional investors (2 with 5% position and 1 with a 10% position). That is a good sign of large institutions are putting their money in this.

This is a typical "limited information" filing from these guys. They have never given information until things were firm.

Still growing, still investing in the future, but infrastructure is in place for profitability now. 4 depots puts them in position to service 4000 wells, and we only need to be at 600 for profitability based on costs of roughly 3m a year right now. We know we are higher than 235 as of now and if they could pull off anything close to the 571% growth in 2016 that we saw in 2015 we will all be sitting on boatloads of cash.

The depots are being built because they have customers wanting the service. These are smart guys. Deals are coming in or are already done.

I just wish they would give us a glimpse of the current and projected well counts.

Hoping for a press release before end of week!