Yet HIRU publicly stated via twitter that WTER is having issues and they cut the buyback due to caution. The measly $25k a month vs $40m revenue projections at 30%+ margins... Want to make a bet that they don't hit their numbers? So while yes, that particular shelf is empty and not in there region, HIRU's tweet would indicate that this is an issue elsewhere too. This Q financials is going to be disappointing. It also shows that WTER is like 95% of HIRU's business if they can't even afford a $25k buyback when ONE of their clients has issues. No wonder they don't report contract sizes with other clients.
By all means, PROVE ME WRONG. If my messages are just "bashing" i'm all ears to proof otherwise! This is just the truth. Its low effort to say "bash" and not actually be able to refute anything I say with evidence. This Q + next q financials will tell the story itself but hey you guys won't believe that either. Its like talking to a rock here going against the pump heard.
I've been saying for months that ppl need to pay more attention to whats happening with WTER. Nobody listened. Wheres my apologies? Wheres the "Oh wow, I guess I was wrong" messages? HIRU ITSELF PUBLICALLY STATED THERE ARE ISSUES. I'm taking that tweet out of context? HOW? Look at WTER SP. Why do you think its tanking? Why do you think shelves are out of inventory? Its not cuz they are selling out.
WTER stated they are having "supply chain" issues. They are blaming it all on Yellow going bankrupt BUT why can't they move to another shipping company? Yellow did 100% of their orders and they can't simply just choose another carrier? BULLSHIT. No other shipping company will take their business? I wonder how much $ WTER owes HIRU at this point that they are having issues to collect. Thats why they stopped the buy back suddenly without warning. It was only $25k! They made $2,000,000 last Q alone, they are worried about $25,000? Look at WTER's balance sheet. HOW ARE THEY PAYING HIRU? IOU's?
You guys will learn the hard way I guess.
WTER has to raise another $22m over the next year to stay afloat. High chance of bankruptcy over the next year. Its a $4m market cap company. Were not in a low interest rate environment anymore. How are they going to raise the money? Dilute the company by 400% and reverse split to infinity? Why didn't any other publicly traded company that went bankrupt and had revenue think of that? Thats something you can keep doing right up until you cant anymore. Rates rising means lending is tightening up... Best of luck lol Use your brain and stop blindly following pumpers who have no background in accounting / finance and who don't even trade full time and have 9-5's in non investing related jobs. My $.02c
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