I'm all in ! Everything I have (except the house, the kids and Momma) is currently invested in ESPH. The whole "Kit-and-Kabottle". Call me dumb & Irish and I know it is contrary to the ol' don't put all your eggs in one basket thing but what the heck...If the stock goes south like a duck in winter, well I guess I will need to stretch out my retirement date a bit. Every extra dime I find gets invested in ESPH and I will continue to accumulate the stock on weakness. My current holdings are a thin 7 figures (that's shares) and the majority is spread over a couple of ROTH IRA’s converted at the bottom (thank god for that),i.e., ZERO TAXABLE EXPOSURE FOR THIS GUY ! I started investing in this company when it was called Ultra Strip and they were lucky if they found enough capital to pay their FP&L bill. I have been able to work my $2.00 per share cost basis down to about $0.38 and am truly grateful of those sellers that helped me achieve that cost basis.
I look at it this way, most of the ultra high net worth guys I know made their fortune from highly concentrated stock positions (speculative) or selling their company. Well, I don't have a company to sell so.....I guess I’m backing up the truck and overweighting the bed. One thing I can tell you is that when ESPH reaches my price objective I will lighten up and start to diversify over more stable asset classes. Like I said, I’m dumb & Irish, but I’m not stupid. I will most likely maintain a big allocation in this company even after I hit my targets.
We can spend weeks discussing and speculating about equipment roll-outs, field deployment, forward revenues, market penetration, business models, strategic partners, ect. That’s all fine and dandy but at the end of the day ESPH is still highly speculative micro-cap investment. If you can’t afford to lose your entire investment you shouldn’t be there. …period, end of story.
My passion and support of this company comes from the belief that ESPH will take the Oil & Gas industry by storm, providing all levels of producers with a process that will reduce their overall production cost and at the same time preserve our most valuable natural resource (H2O). This is huge and the applications are endless: mining and minerals, agriculture, emergency & disaster response, municipal applications….the list is truly endless.
If I’m wrong and ESPH turns out to be “The Sleigh Ride To Hell” I guess I’m screwed. Momma will probably divorce me, my boys won’t be attending Harvard or Graduate School and I’ll most likely be bagging groceries at Publix ‘till I’m 78.
But, if I’m right (and I usually am) ……………………..
I’m not an accountant either, but I would never be caught dead at a Holiday Inn ! It’s the Hyatt or nothing. Sorry Bobwins, had to throw that in.
As I have said on many occasions, keep the faith and support Dennis and the boys ! They will take us to the Promised Land…….
