Yes, in 18 months they only closed one order for a waste water system, and they had to finance building it, and rented or leased it out at a per gallon treatment price. It is a tiny, very small system, less than 10-20 GPM IIRC. The division guy that brought in the waste water division is earning about 30 times the amount that the one plant earns, if it is even profitable, which Ed has never confirmed (which means it probably was not).
They hide all that data very well in the fluff PRs and quarterly reports. They never disclose the bad news, or details of how bad it is. Every thing Ed and COIN has touched has lost huge sums of money (it was running $20 million/year in losses for several years), except for the Gonzalas plant they bought and kept. But its profits (sales minus production costs), before overhead, taxes, general and administrative overhead, and depriciation is only about 10% of the bloated executive overhead, which was about $2 million/year paying just 4 fat cats at the top of the ladder, Ed being one of them.
I am a one man guy in the waste water business, and I have done more in sales, and profits than they have in a single year to year comparison, if that answers your question.
As to the suggestion that I buy back here (by someone) to recover losses, I never buy something I do not plan to or wish to hold for the long term, I never buy something I see has no future left, except BK, and liquidation.
They still have nearly $5 million in debt to convert to more worthless shares right now as the market cap sits at $400,000, so watch out, this could quickly drop to .0001, if they dilute again like they did this summer!!!!
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
