Sep. 1 at 7:29 PM
$PESI Still a race between reaching cash flow positive and further dilution. Removing the going concern citation probably worth
$3-
$4 per share upside . Further dilution probably worth
$3-
$4 per share downside. Right now, co. in a bit of a news vacuum. Q3 likely still a loss and cash flow negative. Liquid waste transport much cheaper than grouted waste transport, but the government unlikely to try and save a couple dollars per gallon and risk delays/lawsuits from WA and OR state agencies, Tribal nations and environmental groups...as well as stalling on permitting by the Dept. of Ecology. DOE may expect PESI to incorporate that "arbitrage" in their bid amounts, or simply be satisfied w/ a
$40-
$50/gallon price vs. the immense cost differential of vitrification in the interest of getting the job underway ASAP and efficiently done? See stock drifting until actual task order amounts and award recipients announced early next year.
