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Re: None

Sunday, 03/23/2014 2:57:50 PM

Sunday, March 23, 2014 2:57:50 PM

Post# of 13896
I know that ESPI has been offered a buy out, but they rejected it about 6 months ago. I have also been told that they are doing some funny stuff with the books and new business that they have picked up to try and make the next filing look good. I have been told the new business is not worth much (250k gross yearly) and they are still trying to collect on the receivables and then clam it all in the next filing so they can use it to try and attract new investors by padding the next filings, the initial sales for the new business is always high with the tanks, pumps, parts and chemical sales (5k per new well) but then the total sales will drop to about 10k to 15k a month on this customer. I don't seem them last much longer and I think Tony P will take a offer soon.