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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (6002)	3/22/1998 10:01:00 AM
From: TraderGreg	Read Replies (2) \| Respond to of 11708

Maybe thats why the volume increased on Friday. How true David, it's almost axiomatic. First, the volume, then the price moves. I responded to Bacon Butts with a clarification. In their Email they mentioned 3 million in revenue for EnviroTec in FY99. At my ridiculous $5/bbl rate, that's only 2400 bbls/day! IMHO, 0 bbls/day is more likely than 2400 bbls/day I sent the following back to BaconButts and they will add it to their release. Kerry-- I have been long CSMA since last summer. I just wanted to add some clarification comments to some of the paragraphs: Your release said: < Enviro-Tec's waste water disposal well in Utah for non-hazardous disposal is expected top gain a Class 5 permit in April 1998. Enviro-Tec is expected to contribute at least $3.3 M in revenue and $0.07 of earnings during fiscal 1999. > Trader Greg adds: The well has been approved by the Utah Legislature plus tougher fines/penalties for illegal dumping have been passed. Legislation is on Governor's desk for signature, hopefully this week!!. A month ahead of legislative schedule. Think they want this well? The well can handle 14400 bbls/day in an area with a demand for 50000 bbls/day. The per barrel rate has been estimated at between 10 and 30 dollars per barrel, but I used 5 dollars to come up with some compelling numbers for FY1999 (June98-May99) 1440 bbls/day x 250day/yr x $5/bbl = $18 million in revenue, with modest costs as the well is already profitable with Class II waste that yields 50 cents per barrel!! The $18MM in revenue is 78 cents per share based on the current shares O/S of 23million. That is a P/E under 1, from the enviro well!! Remember, these numbers are based on just $5 per barrel with no consideration to AdHatters, LPS financial, or Pickens oil/gas operation!!! Stock has been hammered since it hit 2.62 in November, ostensibly because they are not a fully reporting company as yet and have pending litigation with a former investment banker (as if this is shocking for a bb stock!) Just wanted to add this info. TG