I wonder why the company hasn't released any news regarding growth. This is the longest period in which a press release has not been filed. I'm uncertain as to the company's prospects in the near term, but optimistic longer term.
There seems to be a secular trend towards water recycling technologies, and IET hasn't been alone in pursuing this opportunity (HII Tech, Vivione bioscience, ENSERVCO, Clean Chemistry, and others).
IEVM makes sense as part of a larger integrated frac-water service company, as well-operators would rather work with turn-key providers of water solutions. Maybe IEVM will be picked up by Benchmark (merged with Rockwater), as Wayne Kinsey's brother(?) Mark, is the President of Benchmark according to a Rockwater press release.
I will stick out the ensuing volatility as a long-term shareholder. As long as the opportunity is there, and as long as management continues their efforts in creating value for shareholders, I don't have a reason to sell. IEVM has a fairly strong balance sheet (debt has no liens against any of the company's assets), and I don't see how this company can logically be a zero.
As long as downside is protected, upside will take care of itself.
