Posts From another board:
1)I believe BUGS
is now in the beginning of its best chance for revenue growth since I've owned the stock{about 2 years}. I've averaged down from .19 to .037. Bought lots in the low 2's. Brehm talks a good game and as of yet, his results do not match his promises. Bio-remediation is the fastest growing segment of the environmental clean-up field. If we find an area, like Mexico, that sees we can clean up its oil problems, streams,etc. at greatly reduced prices then we have gotten over our first hurdle. A large problem and a country that is excited about the results. I also like the business plan. We provide the engineering and technology and they provide the labor to get the job done, while we supervise. The application for our bugs is endless.
I am not a day trader, and am not interested in a 10 or 20 cent increase in share price. I've noticed somebody was hoping for .25 so they could get out, I feel a .25 is just the beginning. Brehm said it may be possible to be profitable in a year. I am planning staying in at least 2 more years and see what BUGS looks like at that time. I probably will sell 50000 at .75 if we reach that amount to get my original investment back. The rest I will ride out until the end of '07. I definitely will not be selling at .10 or .15 or .20, I expect that soon.
2)(in regards to owning SSWM shares)I've always preferred
owning the parent instead of the child especially in these young companys. I know BUGS has been around forever, but I see now as the real beginning. I believe BUGS has 5 wholly-owned subsidiaries and 3 majority owned subs. As the company grows many of these subs will be profitable in their own right. I believe SSWM will be the most profitable, but doesn't 85% roll up to BUGS? I don't remember BUGS ownership percentage. BUGS share price growth may be slower than SSWM because at first BUGS will have expenses from the non-profitable subsidiaries. As the company grows, the subs grow and the income is rolled to the parent. I do not own any SSWM. Good Luck All! |
