MOP Environmental Solutions (MOPN)

[glenrice67]

What am I missing here? Hasn't submitted SEC filings since 2008; the company had 5k in revenues for first 6 months of 2008 and $2500 in cash; Has gone from 600k market cap to 35million on the hopes of doing significant business with BP to clean up the Gulf spill;
There are about 2 dozen+ (probably more) other companies that promote oil remediation services. What makes this product so much better that BP would want to do business with a company that doesn't even have enough cash to make their own product to keep up with demand if it existed? Even if BP does do business with the company, where are future revenues going to come from? Its not like this is a diversified business. To justify even a $35 mill market cap you have to have some revenue coming in. They do one thing: sell products that aid in oil remediation. What do you think is more likely: this company has a wonder product that no one else has or has even noticed the benefit of in the 11 years of this company's existence or this company is up purely on the hype from rosy press releases of a "collaboration" with BP in cleaning up the spill?