ME2C Environmental (MEEC:OTCQB) is hosting a conference on financial and corporate news on April 17, 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 17, 2023, at 4:30 pm 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:
The company 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 W-webcast link.
Why Mercury Emission Reduction?
ME2C is primarily concerned with constructing technology that reduces the number 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.
Charles T. Driscoll in a conversation with Drew Costley, stated, "The concern largely is the brain development of young children . . . and it also has effects on adults that contribute 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."
A report by the EPA noted 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. According to analyst Steven Ralston, "ME2C Environmental is positioned to accelerate topline growth and achieve growing profitability by providing a patented mercury capture process." It expects 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 U.S. 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: the 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 its value to increase after it is listed on major exchanges.
The company gains most of its 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*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.
The market cap for ME2C is US$39,562,313 as of February 2023. It has 93 million shares outstanding, 4.3 million warrants as of September 2022, and 19 million options as of the same period.
ME2C reports that they have US$1.5 million in the bank, and a monthly burn rate is CA$1.1 million to CA$1.2 million.
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