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Re: mustangowner post# 19859

Wednesday, 02/21/2018 8:05:50 AM

Wednesday, February 21, 2018 8:05:50 AM

Post# of 20265
I wish you were correct. i still have shares from 2012. I lost approx $12,000 on this stock, luckily made it back on WTI. Here's the thing, I really believed in this product. I am originally from NJ, I had communicated with Steve Conboy on 10+ occasions and bought the stock because it appeared that they had a great product.Then I found reports that the Termite product was tested in Hawaii and failed miserably.I did speak with Steve about the test and he denied knowing anything about it. Not long after, Steve left the company. Now there are so many shares (922 million) and so much debt that even if they made a 100 million in profit, there would be no money to go around. Here's another issue, the wood is treated with the different liquid shields, then in most cases the wood is cut to size by the builder/contractor. The new exposed area is minimally shielded. The entire core of the board has in most cases, no treatment. Now Imagine that the builder could apply the liquid to the fresh cut, but it doesn't happen. I questioned Steve about this via email, and did not receive a reply. Wouldn't the untreated exposed areas now allow access to termites, water etc? Now the fire proofing application looks like a great idea, but there are questions as to how it holds up years after the application and there are reports saying that the application dries out eh would and separates the glue in plywood. But don't take my word on this, do your own research and see what you find. The information that I speak about was gathered by me mostly in 2014.

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