nohomerun......Let me repeat myself "Good luck and in the meantime go with the thought that since the first 5 units achieved exceptionally good results the next logical step is to move to installation of many more units under the Pilot Project."
Read sjbexpress posts. He has had some good information at times.
And news on this issue should come in the short term future.
I will tell you that, in my opinion , the share price is at bargain prices, and it is because there has been no real information put out by the company in two years. But there are some common sense aspects that give some comfort in adding shares at these rock bottom prices:
1] The market value of the technology patients has to be several times the current market cap of around $9 million dollars.
2] The company should have positive cash flow this year for the very first time ever.
3] After a slow start the oil companies are now becoming very interested in using technology that will save them money, be more effective , and increase production. The MMTIF sensor unit does this for oil companies and has ROI that makes it a compelling idea for their use. Quick payback.
4] So i think companies other than Chevron will eventually begin purchasing this unit. Which means the potential market is huge. Think Billions over the future. [ The unit i think is a relatively high dollar item.]
5] For example 5% of the oil wells in this country having these installed would be around 80,000 units. And $billions in sales.
6] All of the above is just my opinions based on my research and common sense. And we have been buying more shares for months at these low prices.
7] Faith is a good thing and sounds like you have it; so good luck to you, but remember at times we can make our own good luck by just staying the course.
