I would love to see STW PPS rise and hope they succeed, as what they are trying to achieve should be of great concern for everyone in the Permian Basin and in other drought laden areas. BUT...I have no desire to see artificial price inflation due to unscrupulous manipulators. The simple facts are we have heard zip from the company and at the last 10Q, they had no cash and despite a 700+% increase in water revenues, losses continued to build. Since that time, oil prices have fallen further and banks have tightened lending for companies operating in energy dependent geographical areas. Very simply put, water is not able to support itself, and energy revenues are most certainly going to decline. This and a NT10K is all we know to this point. What in that would drive the PPS up 60+% with triple the average daily volume?? My eyebrows are certainly raised as should be others on the outside looking in.
Plus, I think Paul DiFrancesco is a fraud from California who needs to get his own personal checking account in order before taking your money and wiping his a$$ with it.
I'm a sensible person and welcome debate and constructive conversation. But I'm tired of hearing about how STW is about to blow the top off and there is not a single shard of evidence pointing to that.
GLTY
