I can't really argue with any of your points. I may be clouded in my judgement of the company because I see the enormous potential of this type of techology in the future and want them to be a part of it.
A few things that I keep going back to in my mind...
They WERE once a viable company. I originally bought stock in them 5-6 years ago at $1.25/share. Can you believe it? They had alot of employees, made profits (well sort of), etc. They aren't totally like some of these other pump and dumps that never even came close to operating like a viable entity, they at least operated as one at one point!
One of the major oil companies (i.e. Conoco, Chevron, BP, Exxon) came to them with samples to test because they heard about their technology. I can't say which one because I actually work for the company that contacted them and I have verified that it's true. That tells me that at the very least they do have something that people may want.
Royis has operated sucessful companies in the past that have made profit. Whether time has passed him by or not we shall see. One poster admitted to me that he believe Royis's heart is still in the oil business and he will use these profits to fund those amibitions. You never know.
Add all that up and I don't know what you get except an enigma called Royis Ward. I am convinced that John Adams is in way over his head. He has worked exclusively for private companies in the past and is clueless on how to boost the share price of a public company. He has been on the job long enough to do something but hasn't done a thing. Our ace in the hole here is Dr. Lee Barnes. This guys has his shit together and knows what he is doing. I have talked to industry people in companies that are looking at ECCI technology (well one anyway!!) who are very impressed with him. I hope Royis is not knowingly using him to aid in his pump and dump scheme.
I can't say for a fact that this isn't a total bullshit operation because they haven't done anything yet to raise the share price or generate new business... but I am convinced that they pieces are in place if Royis will get off his ass and get a contract signed.
TK
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