Citron Research Calls Basin Water (BWTR) a Zero
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Citron Research, formerly StockLemon, has issued a negative report on Basin Water (NASDAQ: BWTR), saying the stock looks like a "0".
Citron notes that Basin Water is bleeding cash and is "fabricating their own customers with the intention of committing fraud on the marketplace and enabling insiders to dump millions of dollars worth of stock."
Citron concludes: "There is nothing else to be said except in the opinion of Citron, this stock is a 0. All hope for a future jumped ship with management. Once you cross the line that Basin Water has crossed, there is no coming back."
Link to Citron Report
Citron notes that Basin Water is bleeding cash and is "fabricating their own customers with the intention of committing fraud on the marketplace and enabling insiders to dump millions of dollars worth of stock."
Citron concludes: "There is nothing else to be said except in the opinion of Citron, this stock is a 0. All hope for a future jumped ship with management. Once you cross the line that Basin Water has crossed, there is no coming back."
Link to Citron Report
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