Few things can equal the tragedy of the Japanese tsunami of March 2011, and a stock’s performance is certainly not one of them. However, holders of Vision Plasma Systems’ (OTC: VLNX) stock might argue today as investors were sent reeling while watching the stock drop nearly 90%.
Just as Chelsea was able to overcome Barcelona in the Champion’s League last year, today’s move came completely against the run of play. Only yesterday, Vision announced a sale of two of its mobile Arc Master I units to Cell Runner of Japan. Cell Runner is a technology intermediary that is assisting the Japanese government in the acquisitions it requires to clean up the Fukushima disaster.
Each of the Arc Master I units had a sale price of $5.8 million, bringing the cost of the deal to $11.6 million. This is hardly the type of news that generally causes a wholesale collapse of a stock. When you couple this with the fact that Vision Plasma’s CEO, Timothy P. Volk, also stated the company expects to sell an additional 23 units to Cell Runner, the stock’s fall is nothing short of bizarre. Those additional 23 units would mean another $128.8 million in revenues for the Reno, Nevada, based company. Bizarre.
The Arc Master I is a truly remarkable piece of equipment. It can safely remediate all forms of hazardous, biological and common wastes while producing free electricity or natural gas. It is a truly one-of-a-kind mobile solution ideally suited for the cleanup of Fukushima and the tsunami in general. The cleanup of Fukushima is expected to last well over 20 years at a cost upwards of $100 billion, and Vision seems well situated to help while filling its own coffers.
The more one reads about the Arc Master I, the more fascinating its potential is, and the more today’s losses make nearly no sense at all on the surface. Presently, cleanup efforts of Fukushima require 5000 hazmat suits to be remediated each day. Additionally, none of the suits that have been used so far (over a year) have been adequately dealt with and are presently isolated in a warehouse awaiting disp0sal.
The Arc Master I is housed in two ISO 40 ft. containers and, in addition to being self-powered, is capable of disposing of five tons of waste each day. The units can also provide up to 240KW of electricity for onsite use while producing no ash or emissions. Beyond the wonder of producing electricity and syngas, the process creates a silicon-based slag that can be used in ancillary building materials.
“Japanese officials have acknowledged that the Arc Master I technology is the only feasible option for the safe handling and remediation of what has become a major environment cleanup operation,” continued Timothy P. Volk, CEO of Vision. “Their nation is looking to them (Cell Runner) for an answer, and they are eager be the first ones to receive our units.”
Today’s trading appears to be a fluke, and it is difficult to see Vision not making a substantial rebound sooner rather than later.