Any of you doing due diligence on this?!?
If any of you have done ANY DD and are still thinking this is anything but a very short trade, yu better keep smokin. I ran numbers on this (see them on the Yahoo board) back when this was $0.08 a share (that is $0.08 - not $0.008) and they needed to see 100 machines PER YEAR just to justify $0.08 a share based on the share count at that time. They havr only had two suspect sales, over $5MM in accrued debt, $2BB shares authorized, and the CEO has sole voting authority. Look at the total compensation the mgmt has received over the years with ZERO results. $500K-$$1MM a year when the company is bleeding cash and has that much accrued debt...?! That is not a vision of success. That is bleeding the company dry to milk what you can before it runs dry.
In order to raise cash - any takers are going to want a monster premium since the stock is dying and based on other similar death spiral financing terms, the price on any offer would more than likely be $0.0006. Further, that still doesnt even raise enough cash to pay off the accumulated debt that is due let alone provide capital to build enough machines to turn a profit.
Long story short - this was a perpetuated scam in a "hot" industry (look at CEO's track record and time at CPCF for a similar story stock and ridiculous compensation with zero performance). The stock was always fueled by hope and speculation and shareholders never paid attention to fundamentals nor the ridiculous compensation mgmt bestowed upon themselves. To see posters talking about this "taking off" is just ludicrous. There is NOTHING to this company(look at the balance sheet and inventories - not enought parts in inventory to make a machine let alone cash to build more).
Any serious investor would be better served buying out of bankruptcy where they have full control over the company. Why invest now when you have no voting rights, a history of mismangement and possible conversion, and no revenue? It isnt going to happen. There is no pipeline of products or sales. The Alaskan sale went through several parties and there is no one up there in that office that purchased the machine that seems to know what it is or where it is (call and ask - you can find the info online with a google search). The second sales to the "oil and gas" industry is equally elusive. Unlike the Alaskan sale which was a government entity and should be public information - the other one was not.
Filtering water is not rocket science. It is a matter of physics and space. Doing it in a small, confined space, off the grid (including diesel) would be revolutionary. Their system does neither.
If you disagree - challenge the numbers...
AI
