Savvy Trades and Investments

[stanley01]

EVTN (.12) pounding the table!

The stock only has 35 million shares outstanding. If you dig into the 10-Q they released in mid August, they mentioned they expect to receive the last $1 million from Schlumberger during September 2018 (which would make their upcoming quarter profitable). Today after the bell, they issued an 8-k filing stated they received this 1 million on August 20th. Their inventories also increased substantially during the last couple quarters due to orders they just started receiving from Schlumberger. Additionally, tucked away in the 10-Q, the company mentioned they expect to ship the two millions dollars worth of orders to the utility company in Q1 2019. I have a feeling this company may see a few profitable quarters in a row and with the current market capitalization of 4 million dollars, this is an excellent lottery ticket. Also, balance sheet is respectable ! Pretty strong cash balance , only main liability is salary owed to CEO for previous years work.


https://www.prnewswire.com/news-releases/evtn-transitions-into-industrial-wastewater-announces-order-from-utility-company-300693962.html


EVTN Transitions into Industrial Wastewater; Announces Order from Utility
Aug 08, 2018, 08:31 ET
FORT LAUDERDALE, Fla., Aug. 8, 2018 /PRNewswire/ -- Enviro Technologies, Inc. (OTC: EVTN) announced today that it has begun transitioning its sales and marketing activities to markets outside of oil and gas, which includes but is not limited to industrial wastewater, sewage and mining. Additionally, EVTN announced that it is in the process of completing an estimated two million dollar order from a $20 billion utility company for a wastewater system that will require multiple Voraxial Separator units. The wastewater system will be used to separate oil and solids from water prior to the water being discharged into the environment.

The Voraxial System will be used to process and separate oil and solids from a flow of about 120 gallons per minute. The System will include different technologies with the heart of the system being comprised of 2 Voraxial 2000 Separators working in parallel with a 3rd Voraxial being utilized to further dewater the reject lines from the System.

"We are pursuing water treatment opportunities for the Voraxial Separator outside of the oil and gas markets. Developing these other markets for the Voraxial Separator coupled with the potential unit sales from the oil and gas market we anticipate from the agreement we signed with Schlumberger can provide us with exciting growth potential," stated John DiBella, CEO of EVTN.