Makes sense, but what people don't understand I think is that in the long term this is good for IEVM.
The tightening of profits made people look at cost cutting measures and IEVM fills that need. Not to mention that all testing proves our product is cleaner and makes fracking more effective. No biproducts go into the earth, healthier and safer for employees and the wells are down less for maintenance and produce better yields when operational. We have the EPA APPROVALS and patents. If oil didn't fall, companies may have not been as eager to listen to our pitch.
But as a result you have large companies like EP Energy touting. Our products as major reasons for their costs reductions.
So now we are in the growth phase. 4 depots opened and profitability is on the horizon. Hence why institutional investors are adding to their positions per the annual report!
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