Remediation is contracting to build truck washes, not car washes.
The Oct. issue of JPM, Vol 11. No. 10, has EVDS featured on pages 41, 42, 48. There is still a whole lot of work to be done as far as sales progress is concerned, and while I agree with the assessment that the company can do very well, they are still a company without a product to sell.
I am currently accumulating shares in DCHT, a company with core technology currently backlogged at approx. $600,000 for the 4th quarter 1998, and fuel cell technology developed and licensed from Los Alamos National Laboratory. dch-technology.com
The structure is 9 million shares with less than 2 million in the float; trading at $1.25
Not that I don't think EVDS will one day be a good investment, it is just that I can't see it going anywhere for at least several quarters of proven sales. Right now everyone is going on the "belief" that gas stations and oil companies are going to want this product. It will be a far better investment, or shall I say speculation, when it is proven that these Capscan's are actually sold to someone.
Further, other speculative situations that I have been involved with that have always projected great promise sometimes fail to materialize into actual profits. Once a company does start producing revenue, it is generally another major hurdle to become profitable; therefore I speculate that with 20 million shares outstanding, and growing, a $15 million dollar market cap, based on $.75 is very generous. |
