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Re: mikeonmicrocaps post# 2923

Wednesday, 07/13/2016 9:59:58 AM

Wednesday, July 13, 2016 9:59:58 AM

Post# of 4911
I'm also concerned, but if it makes anyone feel any better, the board of directors is getting fed up with management and has chopped their salaries in half. The last 10-Q indicated that IEVM had around 2 months worth of cash to burn. It's been 2 months now and there has been no press release indicating a material financing, so we can only speculate that they've grown revenue to cover costs.

I'm disappointed as well, but to be fair, their competitor ENSERVCO (uses HydroFLOW) also indicated that the first half will be tough and that they will grow revenue in the second.

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