Morning Sergio, looks like your port is doing well..As to my wild water stock, I still haven't decided if it passes the smell test..It did a 1:60 reverse in 2000. CEO appears to have lent the company cash and now gets the divy's, never like to see the CEO lending cash to his own company..Also looks like a management change came about through a financer takeover<g>..This one looks like a typical BB stock<g>..But their revs and backlog have been kicking up strongly, this is what attracted my attention-
...{"For the three month period ended September 30, 2001, total revenue increased 106.8% to $18,085,046 as compared to $8,744,578 for the three month period ended September 30, 2000. International revenues comprised 1.8% of total revenues in 2001 versus 30.9% in 2000.
Contracts awarded ("bookings") during the three month period ended September 30, 2001 increased 95.2% from the similar period in 2000. Backlog increased from $34,258,116 at December 31, 2000 to $83,336,751 at September 30, 2001.
The Company's cost of sales increased 97.4% from $8,293,771 in 2000 to $16,371,848 in 2001. As a percentage of revenues, cost of sales decreased from 94.8% in 2000 to 90.5% in 2001. This decrease is mainly due to improved job efficiencies and profitability, as well as improving market conditions. Due to significant competition, there may continue to be constraints on profit margins in the future.")
Not many shares traded daily(I've been seeing under 10k daily), considering before the split they had 800 million shares outstanding. Not having researched how that number got so high, I'd venture a guess it's a result of a huge floorless, and that is also how management came about<g>( it looks like it was a pump and dump, in fact I think the SEC gave them a slap on the wrist for putting up a pump site)..All that said, it has been moving up, of course it has a huge spread..and volume just isn't there..will continue to watch it..I'm sure there is someone out there who will chime in, as a result of getting screwed and losing a bunch of money..Just a hunch<g>..Drum roll please.....GWTR.ob - Global Water Tech
biz.yahoo.com
Global Water Technologies, Inc. (GWT), through its wholly owned subsidiary, Psychrometric Systems, Inc. (PSI), provides process cooling water primarily through the design, engineering, manufacturing and supply of cooling towers to power plants, as well as other process and manufacturing clients worldwide. Applied Water Technologies, Inc. (AWT), another subsidiary of GWT, provides the Company's customers with environmentally sound water treatment systems and services, which are designed to meet the growing need for water purification and re-use worldwide. The Company's Global Water Services, Inc. (GWS) subsidiary provides outsourcing of cooling water and service programs to its customer base, including cooling water systems and water treatment services.
The Company primarily markets its products and services worldwide to electric power utilities, process (such as agricultural, industrial and pharmaceutical process industries), petrochemical, chemical, heating, ventilation and air-conditioning (HVAC), manufacturing, pulp and paper and other industries, utilizing water cooling towers. Typical customers include companies such as Archer Daniels Midland, Amoco, Mitsubishi, Mobil, Texaco, Bechtel, Fluor Daniel and other large corporations around the world. The market the Company currently serves through PSI can be subdivided into two main sub-segments: international water-cooling towers and domestic water-cooling towers. For the year ended December 31, 2000, the domestic tower revenue recognition represented approximately 81.1% of its revenues, and international tower revenue represented approximately 18.9%.
During fiscal 1998, the Company began offering clean water technology services to HVAC water-cooling tower customers through AWT. AWT's clean water technology replaces the need for hazardous chemicals, increases operating efficiency, reduces water use by increasing cycling levels and increases the time between shutdowns for cleaning.
AWT's AquaPhysics program offers a series of non-chemical treatment technologies, coupled with onsite monitoring and service, to provide an environmentally sound approach to cooling water management. The three-phased AquaPhysics systems employs technologically advanced equipment that comprehensively addresses scale, micro biofouling, corrosion and filtration of suspended solids. The combination of these technologies results in clean, cold water for optimum cooling efficiency and recycling without the use of storage and handling of hazardous chemicals.
During fiscal 1999, through GWS, the Company began offering total cooling water management services, including operating and maintenance services to water-cooling tower customers. GWS assumes full responsibility, with the approval of the customers, for selecting systems, equipment, supplies and water treatment programs needed for the servicing, recruiting, training and managing the operational manpower, required under each project.
GWT's two largest competitors on a worldwide basis are the Marley Cooling Tower Co., a division of United Dominion Industries Limited based in the United States, and Hamon Cooling Towers, a division of the Hamon Group of Belgium. In the area of water treatment services, the Company competes with Nalco Chemical Co. and Betz-Dearborn. |
