EnviroResolutions (ENVI)

[JenzaStock]

ENVI - things don't look kosher.

I've been invested in ENVI for quite some time, watching it run from 1.7x to 2.9x. Boy it has been a nice run. Today I'm dumping out. I started doing my DD and it is not passing the fish test.

Look at ENVI's website. It is really pumping itself. Yet it makes some claims that just don't hold up.

ENVI claims that it "EnviroResolutions has exclusive rights to the patented scrubber technology for all land and marine applications worldwide." Further it claims in its technology page that "EnviroResolutions holds the rights to utilize the technology of three separate patents: The first is a “low energy” bubble scrubber for removing particulate, NOx, and SOx from airstreams, developed by Drs. G. and A. Trivett. The Company holds exclusive rights to this technology for all applications worldwide."

If you go to the USPTO.GOV site and search for TRIVETT under inventers you come up with patent 7,056,367 invented by Gordon Trivett, which is assigned to MES in Newfoundland, Canada. http://www.marineexhaustsolutions.com/products_commercial.asp MES has a developed product called the EcoSilencer which was developed for removing sulfur dioxide and particulate matter from marine diesel engines. Sounds familiar. They actively market that product to both yacht and commercial applications.

So ENVI doesn't hold the exclusive use to the patent for the bubble scrubber if MES is marketing their EcoSilencer. I don't see anything fishy on the MES site. They are assigned the patent per USPTO.GOV and ENVI isn't. Further ENVI obviously doesn't have exclusive rights to the patent since MES actively markets their EcoSilencer in marine applications. AND THEY OWN THE PATENT!!!

Finally, if you start removing large amounts of sulfur dioxide from a gas stream in a liquid solution, in no time at all, you are going to be left with a very caustic sulfuric acid solution that you then have to get rid of. MES has not got a problem with this in their marine application. It is relatively easy to keep diluting the liquid and dumping it overboard in the ocean. The increase in sulfur content of the dilute liquid in the ocean application is realistic. For a land-based diesel application (i.e. buses), this is quite a different matter. This is the other thing that sticks in my craw.