On the fence
I think Mr Thompson continues to make administrative mistakes. Example, in purchase agreements states Envirotek is a California Corporation when in fact it clearly is a Nevada Corporation.
Some other issues with Financial statements, how things shown or classified - although overall they likely are minor (example depreciation is a non cash operating item in cash flow not investing). Not sure why folks show this to penny, it don't help in pennyland, round things to nearest dollar. If going to utilize QuickBooks for accounting software, at least export to excel and "clean up" the presentation, etc. and get things classified more correctly.
Entities are losing money (not surprising) so it will need advances/loans or will need to dilute to fund those operations. Although nice to see no salaries paid until they become monthly profitable (income exceed expenses).
Mr Thompson appears to be trying and striving to get away from "pink-like-ness"; however the clouds still follow him. Now he is kinda stuck (as is ENTK) between no mans land.
Not enough liquidity to attract "players/traders/etc" and not enough solid fundamentals in my opinion to have decent strong support.
Companies go public to raise funds; while ENTK has done good job of not diluting to present there has to be concerns given the widespread difference between its O/S and A/S. If it starts, I hope he files appropriate forms (Form D, etc.)
A business model based on federal/state credits for sustainability is flawed to some extent.
Thompson has followed through on various things (unlike in past with INCL), although it has taken much longer then originally anticipated or stated. At least it's moving forward. I'll give him credit for that.
So I've not thrown opportunity of re-entering out the window; that timing continues to be an unknown as well. I just think there are other plays with better catalyst forthcoming that keeps vast majority of my attention and interest.
Do your own due diligence; factors and conditions can change daily
