Integrated Environmental Tech. (fka IEVM)

[cadams155]

The late annual report bugs me too.

The SC facility was completely useless. It wasn't really a 'facility'. It was pretty much a large office space. It was no where near their operations or customers and provided no sales income or potential. This office should have been closed years ago. It makes no sense to have an east coast office when all of your business is halfway across the country.

I don't like that they sold the EPA license for the VET brand either, but in all honesty this was the farthest off and probably least profitable venture they had. They would never make much on it and they weren't going to be pursuing it for a very long time.

That being said, the fact that they had to sell the VET brand means they are still not at cash flow break even.

Not enough information for any definitive conclusion, but it certainly isn't the good news we have all been expecting.

Only time will tell...