ME2C is hosting a conference on financial and corporate news on April 17th, 2023. The call will also feature a question and answer section. The field of mercury emissions reduction is poised for a comeback, as the EPA has recently reinstated restrictions after the Trump administration rolled back regulations.
ME2C is an environmental technologies company that specializes in mercury emissions technology. ME2C is an American company based in the Midwest. Their CEO is Richard MacPherson, and their Senior Vice President and Chief Technology Officer is John Pavlish. Dr. Nick Lentz is their Field Technical Manager.
The Conference
ME2C is hosting an investor conference call on Monday, April 17th, 2023 at 4:30pm EST. The company will discuss financial and corporate updates, as well as host a question and answer session. Interested readers will be able to connect with the conference via the following contact information:
Dial-in: 1-877-407-0789
International Dial-in: 1-201-689-8562
Call Me: https://callme.viavid.com/viavid/?callme=true&passcode=13728338&h=true&info=company-email&r=true&B=6
The Call Me link will be active 15 minutes ahead of the conference's start.
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1608136&tp_key=b0894c8f8e
ME2C asks that all participants dial in at least 10 minutes before the start of the conference.
A recording of the conference will be available from after the conference until May 17, 2023. Readers can hear the playback by dialing 1-844-512-2921 if they are in the United States, or 1-412317-6671 if they are outside of the United States. Callers should enter the replay pin 13737795, or view the replay through the Webcast link.
Why Mercury Emission Reduction?
ME2C is primarily concerned with constructing technology that reduces the amount of mercury emissions put out by coal fueled power plants. According to the Environmental Defense Fund, the effects of mercury emissions can range from brain damage to heart disease. According to Charles T. Driscoll in a conversation with Drew Costley, "The concern largely is the brain development of young children… and it also has effects on adults that contributes to heart attacks. It's a highly toxic substance." Some of the largest mercury emitters in the United States, such as Coal Creek and Antelope Valley, are in the Midwest.
The EPA passed restrictions on these emissions in 2012. During the Trump administration, these restrictions were lifted, and are now being reinstated. According to the EPA, "This finding ensures the continuation of these critical, life-saving protections while advancing President Biden's commitment to making science-based decisions and protecting the health and well-being of all people and all communities."
According to a report by the EPA, these restrictions will eliminate 90% of mercury emissions from coal-fired power plants. The EPA reports that the technology to do this is already available on the market.
Catalysts
ME2C has a number of short term catalysts. It expects for full year guidance for 2023 to be announced in Q2, as well as additional licensing and supply contract wins to be announced and added to the existing recurring base of business.
Prior to the end of Q3, it expects that there will be potential for additional settlements with defendants in advance of the mid-November 2023 court date.
Before the end of Q4, it is anticipating uplisting to major US and international major exchanges. It also expects a court date for patent litigation against coal refinery companies to be scheduled.
ME2C also has good news about the company's value: stock is currently trading at 1.5x lower than expected, and it expects that value to increase dramatically if it wins the November lawsuit, leading to the potential for a massive one-time gain. The company also expects value to increase after it is listed on major exchanges.
The company gains most of their revenue from technology licenses, consulting fees, demonstrations, and product supply sales. Additionally, the company expects incoming regulations in China.
Ownership and Share Structure
Streetwise Ownership Overview*The market cap for ME2C is $39,562,313 USD as of February of 2023. It has 93 million shares outstanding, 4.3 million warrants as of September 2022, and 19 million options as of the same period.
Insiders own 31% of the company. The CEO owns 16%, the Senior Vice President owns 6.8%, Chris Greenberg owns 6%, and other managers and directors own less than 5%. Alterna Capital, the company's primary lender, owns 12%. The company reports no strategic investors.
ME2C reports that they have $1.5 million USD in the bank as of January 31st, 2023. Its monthly burn rate is $1.1 million to $1.2 million CAD per month.
In terms of negatives, the estate of Dr. Scott Drummond is selling 800K shares. The company reports no warrants overhang.
ME2C works with two IR firms: Jessica Butt, and Adelaide Capital. It works with several influencers, including David Banister, and The Market Analysts, a newsletter subscription. Steven Ralston of Zack's, Sergio Heiber, a Seeking Alpha Contributor, and Chris Abbott of 1035 Capital Management and a Seeking Alpha contributer all provide news coverage and analysis of the company.
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