Highest close in almost 9 months with late buying surge Friday. Catalyst likely to be BWTS sea-based approval expected H2 2013.
Publicly stating hydro fracking waste water treatment as a future focus. Based on the client list for past wastewater work, they are/will be aligned with major players. China fracking in it's infancy.
Priced near cash value here & company has strategically bought back in the past. Employees were buying on their own account prior to the US listed China small cap melt down. They have also sold real estate assets in recent years to help working capital during capital-intensive BWTS development. Nice sign of legitimacy. This one is seriously under-followed.
Perhaps the most important detail given the current environment is the 900k float. Volume very light on pullback since round 1. I'm eagerly awaiting part deux.
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