written by reader The million dollar Question?

By 4olbear, June 24, 2013

There seems to be a penny stock, (under $1.) that has to do with NG fracking. at least with natural gas in the so called ”ring of fire”.
Christian Dehaemer will till us what it is for his membership ($999.00)
I can’t hack that but I sure would like to know what he is talking about.
Travis??

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Travis Johnson, Stock Gumshoe

I covered that “Ring of Fire” ad when they launched it over a year ago here: http://stockgumshoe.com/reviews/crisis-and-opportunity/the-ring-of-fire-millionaires-dehaemer/

That was for NAV and FSYS, both of which have done worse than the market since, though NAV got a boost earlier this year (since faded). The tiny stock he profiled back then was Ecosphere, a fracking water treatment company that I covered here: http://stockgumshoe.com/reviews/crisis-and-opportunity/a-bonus-ten-bagger-playing-government-regulation-cleaning-water-at-half-the-price/

I haven’t looked at ESPH since, it’s ridiculously small and from the press releases it seems to be in some kind of arbitration with Halliburton over alleged theft of trade secrets and breach of confidentiality agreements, the number thrown around for that is $300 million, so I’d want to understand that before looking at the stock — it’s only a $60 million company and is unprofitable, low on cash, and trading for 2X sales according to the compiled data I glanced at. It looks like they just sold control of part of the operation and will book a gain and big income on that, but I didn’t look closely enough to see if it’s just an accounting gain or if it’s an actual cash infusion, they appear to need the latter.

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