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Our Core Business Takes Off

Aug 20, 2021 9:37:09 PM

Why is there greater demand than ever for Progressive Water and Modular Water Systems™? A great podcast interviewer covered OriginClear’s business and crypto plans. And… are we hearing about acquisitions?  Find out in the replay!


Transcript from recording


Riggs Eckelberry:

Let's get this party started. Well, hello everyone, and it is the 19th of August. Getting close to Labor Day when we technically get back to work. But wait a minute, we've been working all summer. What's up with that?


Riggs and Tom 20210819

Tom Marchesello in the House

How you doing, my friend?

Tom: Good, good. I'd like to say I want a tropical beach, but it's just a background.

Riggs: Well, you actually do live pretty near a tropical beach.

Tom: Yeah, I pass by it. The only problem with it, we have red tide right now and it's bad, dude. It's like, oh my gosh, it's nuts.

Riggs: Stinky and bad news, I know. Really gnarly. I know it is not great, but it is a fact. Well, here's the problem. It's all the nitrates falling into the bay and the ocean. Right?

Tom: Well, we talked about that Piney point stuff. You can't continue to pollute with all this extra phosphates and nitrates and stuff, and think you can just dump your garbage in the oceans and the waterways. It just doesn't work. You overload the system and it doesn't have its ability to oxygenate. So, you take your nice aerobic systems and you make them anaerobic, which means they're starving for oxygen, and things die.

Riggs: Algae does it's job.

Tom: That's right.

Riggs: It's actually very good. Well, people are coming on board. I'm going to go ahead and do the honors here and then we're going to step right into your report. 


20210819 CEO B title

Let's just do some of the ...W-I-N-G as we call it, Water is the New Gold, and it is the world's only vital. Why? Because without water, where are we? Scarce, because fresh water is a tiny percentage of the world's water and we keep wrecking it. And finally, recession-proof, water never fails to go up because, the worst things get, the better it is for water, and it is unfortunate fact, but it is what makes water such a really interesting asset.


Spanish translation


Real Time Spanish Translation

Of course, Puedes escuchar en espanol.  We have Heather on the other line interpreting live in real time. And you just click on that globe symbol and you are listening to this show in Spanish.


safe harbor

All right. And then, we have the usual safe harbor, which says we're doing our very best is to tell you how it is. This is a very frank briefing. Every week, I tell you exactly what's going on. And more than any other public company I believe in the world, nobody else tells you as much as I do. And of course, I have to say all kinds of disclaimers, but we think it's very healthy. But at the same time, we have to tell you that sometimes we just have to correct ourselves. That's how it is. With that, I'm going to move into Tom Marchesello's quick update on operations. Now, as, as you recall ...


Core Biz 1
Sales Taking Off

Tom: Yeah, we're doing good. The team is really putting in the work. And recently, as you can see, by some of the press announcements that Riggs has shared, we had a really successful Modular Water Systems™ sales sequence, where we finally got past a million bucks on that first half. And then, Progressive Water then came in screaming with a bunch of really good wins. And then, we inked a very strong contract with three segments to it, that allows us to basically hit quite a significant number on our sales. And it's five million bucks plus worth of equipment for different power plants with a very high quality client. And we are very, very proud to be able to do that project.


PWT large power plants


Long Time Great Clients

Riggs: I did not know that, before we acquired PWT, Marc Stevens did this project for the same power company back in 2015.

Tom: Yeah, they've been a longstanding customer. We've had quite a number of longstanding customers of this caliber. Remember, PWT under Marc's leadership has been around for 25 years. And then his dad had it for about almost 20 years before that. So, there's a long history of us doing a lot of work with a lot of great clients.

Riggs: Now, this was a while ago, and Tom, you and I had this conversation today about what is going on, and all of a sudden we're getting all this business. What's your take on that?


Multiple Factors Driving Surge

Tom: Yeah, I think it's like the perfect storm in a couple different ways. One of the ones where we were doing well, personally executing to get ahead on our sales. We purposely went out and stuffed the channel in our pipeline with more sales. We went into a different mode where we presented to much more engineering firms and design and build firms and architecture firms. And we went to different partner firms and we presented our capabilities. We did a lot of meetings and a lot of education.

That then turned into some longer lead time type sales that we matured and nurtured longer. And they then started coming in and closing off. So, that was the number one best thing that we did that was directly our responsibility, and the team really stood up on that.

We talk all the time about COVID was a weird change and it was in our benefit because people wanted to do business with American made American companies. And then, now we have this infrastructure bill that's coming on the heels of that as well. And that's another positive.

I was looking at just even the growth rates of our industry. Our industry traditionally used to track along at three, 4% growth rates. Last year, it clocked 7.5% growth rate. This year and next year, on track to do eight to 9% growth rates. So, we're just seeing acceleration just in our category for water/wastewater, and that's, I think, rising tide lifts all boats.


Supply Chain Issues

Riggs: But then, along with that seemed to come these supply chain issues.

Tom: Yeah, yeah. We are definitely seeing supply chain issues. It's a fact of life in a lot of different industries, but you saw basic material issues hit in steel, aluminum, copper, then you saw supply chain now then impacting finished goods. So, pumps, valves, hoses, things of that nature.

And we also saw some impact from just weird stuff, shifts in the way the manufacturing happening, plus some changes to who's able to deliver. So, there's just longer lead times. We have to be a lot better and a lot tighter about ordering in advanced, try to get some something in our favor.

Riggs: Oh, yeah. And this is where some of the capital that we're accumulating, we should be able to use it to ... Talk a little bit about that special plastic we use and how we can get some control of that.


Special Plastics 

Tom: Yeah, it's an interesting thing. We have a really incredible capability with our special plastics, where we use these tough, thick plastic sets, that are super durable. And that's a replacement for the old steel, fiberglass type tank hinges.

And so, we have different vendors for this type of material, but one of the places that we were able to source the material and get it to us ... there's a couple of different vendors. We were purchasing more of our stuff more just in time. And it was okay while we were operating in the past, but now that those lead times had gotten so long and we have such a big pipeline of projects we have to deliver, it's easier for me to buy a bulk of the plastic material coming from the factory, rather than the middleman.


Saving on Cost — Speeding up Delivery

And then, I can have it sent into a container, put it on site so that I just opened the doors and pull all the material out as I need it and build my tankage materials. And we'll actually end up saving ourselves 20% just in the material itself I buy in bulk.

So, that's stuff that we're finally able to do because we have a nice backlog, we know who we're doing business with, and if we order properly, I'll also reduce my cycle time by about a month to a month and a half, which allows me to turn over my accounts receivable quicker, which brings in our cash faster. So, that's the stuff we're working on.

Riggs: Well, that is super. Thank you for that update, and I'm loving how we did all this work and last almost two years now to find ways beyond our core business to take off. And now, the core business takes off, which is great.

Tom: It's great.

Riggs: Okay. I'll take that too.


Incredible Demand for Water

Tom: You were in the industry a long time. You were out there early saying, "Hey, water is the big deal. It's quite the thing." And then,  really crafted a good message around the fact that we hit a big trend. It was a big trend. It's a very big mega trend, and it's not something that's just going away.

It's actually really driving into many, many decades of need. I do dabble every now and then in the ESG aspects of the conservatorship and the environmental stuff, as well as some of the issues of dealing with the underserved communities. And there's such incredible demand for water everywhere you look, let alone the stuff we're doing for industrial and commercial, right? It is not letting up anytime soon. It's amazing.

Riggs: And I love the fact that we are in that segment, that the big, large water companies just can't get down to. And I think a lot of the business we're getting in Texas is being delegated by some of these companies that just is too much, right?

Tom: Well, that's what we saw. As you see things like the infrastructure bill come along, we know some of the bigger contractors are certainly well positioned to earn that business first.  Because that's... They're just more politically connected, which is great, but then they sub it out. Right? And we're always great as part of the people who eat on that subcontracting plate. Right? So we've been around a long time, we have the capability as long as we perform and, we make sure we put our hand in the pie, we take what we need to do and participate with everybody.


In The News — Crypto Articles


Bankless times

Riggs: Fantastic. Well, Tom, thank you. I'm going to continue. Feel free to stick around. I'm going to get to another very interesting topic that you know about, but in the meantime, let's go ahead and discuss the next little topic here, which is we got some press. Bankless Times and Phoenix, and both of these stories are crypto stories.


Bankless Times - cool stuff we do


Let me start with Bankless. Here it is. OriginClear wants to solve our water treatment problems. And it really gets into all the cool stuff we do, but then talking about how we are building this Water on Demand™ and the decentralized sort of solution. So that's a nice, good general article, which is great.

OC Crypto play
And then over here is one that's directly on cryptocurrency, Project Phoenix, which is a very cool publication. And it gets into this whole story. This is written by me about what we're doing. So, that's kind of cool. So that's the latest in the news and more to come.


Latest Podcast Appearance


Water is the New Gold (1)


Now, I wanted to give you a quick excerpt from a new podcast appearance that's occurred, and I'm going to go ahead and change over to the optimized video, optimized mode to play that. And I think you'll enjoy it. So here we go.


Start of video presentation

Riggs and Doc G



Doc G: Yo, this is Doc G and today we're talking water with Riggs Eckleberry on The Earn & Invest Podcast. Riggs, welcome to the show. Let's get really blunt here, right from the beginning.

When will the world run out of clean water?

Riggs: Well, you might say that it's basically already done. So we have these terrible droughts in California happening, there's water disasters happening on a regular basis throughout the world. And only 20% of the world's sewage is actually treated.

Lake Oroville runs dry


So we have a real problem, not so much of completely running out of water, but the water being tainted increasingly, the aquifers being messed up, increasingly just can't just take water from the tap, we know that. And I like to say that in America, which is relatively okay, the water will not immediately kill you.

So in other words, you won't get typhoid and dysentery, but you can get long-term disease from just drinking the unadulterated tap water. So yes, water is broken and there's a good reason for it.


First Water Revolution


NY Water aquaduct


The first water revolution was big systems like the famous New York, Delaware system, which is vast from the Adirondacks on down and amazing clean water, it really created in New York.


Large Water plant


And a lot of that stuff was done right up to World War Two. Since then, we've had almost no infrastructure projects at all. There's a backlog that by 2025 will be a hundred billion dollars a year of underinvestment in our infrastructure.


Businesses treat own waterDecentralization

The answer of course is decentralization. If the businesses creating the dirty water, treat it themselves, then it takes a load off the central municipality and allows for the current infrastructure to survive. If a business did its own water treatment, it can reuse it, even if it's only to wash the equipment. That's a net gain. 


What we make dirty


But let's have the basics in place, let's clean what we make dirty, let's treat the wastewater. I mean, come on. That's... The fact that we only treat one fifth of the dirty water in this world means four-fifths are ending up in lakes, rivers, and oceans. And that, I'm sorry, we're living in a goldfish bowl.




OriginClear's Customers

Doc: Who are OriginClear's customers? What is the technology you're using?

Riggs: The big water companies, Veolia, American Water Works, and so forth. They like to work with the big projects, because it's the same amount of trouble for me to do a small city as a brewery. So right away you have a separation and a market opportunity, but here's the big problem, that brewery is the business of making beer, not cleaning water. It does not have the capital to treat that water. It's like, "what am I doing? I don't want it. I just want to pay my water bill. Can I just pay my water bill?" Right?

OC WOD Equipment
And so that's... We realized, wait a minute, why don't we simply provide metered water? Don't make these people to pay up front. We call it Water On Demand, and now it becomes water as a service. So now you simply sign up with OriginClear to have your water treated over a 15 year period, let's say. And you pay on the meter.


Total Outsourced Water

That is the new era, which is, people are very excited about it. We call it Total Outsourced Water. Why? Because not only did they pay by the gallon, but we also take care of the filter maintenance, just don't have a problem. So we really think that we have almost complete ownership of this lower segment.

Doc: I mean, as things stand now, don't the municipalities... Doesn't the government take care of it for you at the moment?

Riggs: No. The share of federal contribution to municipalities has gone from 76% to 9%, either they will not accept it, or they will charge very high rates for a punitive tax rate tariff rates. The inflation of water rates far exceeds the core inflation index.


Water Becoming an Asset

Doc: Tell me about that phrase "Water is the new gold". You say that it's the world's only vital scarce and recession proof market. Tell us why.

Riggs: Well, first of all, "Water is the new gold"...we don't claim to be creative, this is a term coined by Fortune magazine and repeated by MarketWatch and others. So "Water is the new gold" is the idea that it is becoming into in the new...in this 21st century is becoming a tradable asset. Year in, year out, water just keeps getting more and more valuable because it's perhaps less of it. Perhaps it's getting dirtier, etcetera.

One of the problems with water is, there's no water market. Water is local. You can't move the water that's in Clearwater to Atlanta, but if you abstracted into a financial vehicle, now you can enable trading. And that starts to become really interesting for people to hedge their water cost and so forth.


Investor Opportunities

Doc: What are the current opportunities for an individual investor? You said that there are some capital opportunities. If I am an accredited investor out there, and I'm hearing what you're saying right now and saying, wow, I really want to get in on water.

Riggs: Well, speaking strictly about us, we have private placements that enable us to develop all this stuff because we basically had to start from scratch. It's almost like a biotech play in terms of duration. The good news is that we feel we're at the end of that death march. And that we're actually getting some...the numbers are starting to kick into gear, so people can invest in OriginClear.


Global Water Market

Doc: I know part of your dream is that there'll be more of a global water market. And I think that gets us into this issue of cryptocurrency and non-fungible tokens and how that can play into this market. Tell us what you've been working on.

Riggs: Right, so the beauty... Of course, I'm talking about what a decentralization and... The whole crypto world is decentralized finances, basically the same thing, but applied to money. The beautiful thing about... And people say, "Well, what's this blockchain thing, crypto..." Blockchain is just software, just say, okay, blockchain is very, very good software that's highly decentralized. It enables it all. Fine. Let's just put that aside.

We say cryptocurrency, why? Crypto because it's secure and currency because it is a...money. It is a coin. And we think that increasingly, the world is going to create a coin for each specialized type of asset. There'll be coins for everything, there already are. There's a very good solar energy coin, for example. It's worth spending the time and energy to represent water with a coin, in order to be able to have a currency, you got to have a connection between the actual commodity and the money.


Water on Demand

So this advent of Water On Demand, water as a service, now enables us to go, guess what? When you invest in Water On Demand, you will get a predictable return, and it can be expressed as a coin, which is really just a little smart contract that says "I'm going to pay Doc G, X amount of profits for the next 25 years. And because it's a coin and there's a market, maybe he can sell that for cheaper and get it earlier. And I like this stuff".

So it creates a market. And that's the interesting part about it, is to encapsulate the actual revenue that's coming from these new breed of pay per gallon water systems, because the water, the money are connected and we can do a simple abstraction or packaging of it into a coin. Now that's very nice, but it's also still elite. It still only helps the investors.


ClearAqua Network
A Water Coin for the World

There's a second part of it, which I've been working on, which has got ClearAqua. And ClearAqua is the coin, the water coin for the world, whatever the rules are, we're still working them out, but you get into the community and you can start to say, "Hey, guess what? I'm in South Bend, Indiana, and the water is crappy here. Can we do something about it?"

ClearAqua delegates


And then it uses this very well vetted delegate system that coins like EOS and Steemit use, to then aggregate and filter these community concerns and turn them into proposals.

ClearAqua financing


And on the other side, we have the financing coin. So it's a dual token universe. It's moving quickly, by quickly I mean that we may have something perhaps by the end of the year, because the good news about crypto these days is a lot of prebuilt stuff. There's a lot of white, what we call white label.


ClearAqua democratizes


Crypto has no Boundaries

I see it as the way to scale up. Why? Crypto has no boundaries, it's frictionless. A grandmother in Korea can invest in a trailer park in Alabama. So it widely democratizes the water investment process. It eventually creates a world market and it... Most importantly of all it involves everybody. And in the developing world they've told us, "Please don't give us free stuff anymore, we want entrepreneurial opportunities. And so that that too will help in that area.

Doc: It seems to me what you're saying is crypto allows for the buying, selling, trading, and funding of decentralized water in such a way that something like the stock or bond market never could because of the decentralization.

So, you can invest in "smaller projects" in disparate places through crypto. Whereas up to this point, all we can really invest in are these incredibly big projects from companies that are public and in the stock market or from bonds or whatever huge vehicles that have already been created.


Funding Smaller Projects

Crypto really lets you be much more granular and fund these smaller decentralized projects. Is that ... am I understanding correctly?

Riggs That's correct. Now it's not to say that over time, you couldn't do a similar thing with equities, but it would take 20 years or more because you'd have to establish so much infrastructure. Whereas crypto is much lighter that way, it's got this great intelligence that you can program.

Doc: And what these cryptos represent is almost like you said, these small payment contracts based on an initial investment.

Riggs: They have to represent ... It's like pork bellies. They have to represent an actual valuable thing. You can say Bitcoin doesn't represent anything but a coin, a water coin would. The investment grade. So there's two tow ... remember there's two.

The investment grade one, which we call Dollar H2O is the one that is like a bond. And it's the one that pays you out for your investment. And then the other side is Clear Aqua, which is pure community coin. It's not intended to be a security. It's just basically a kumbaya, a kumbaya for water, right? But it's a way for people to push concerns up and have them eventually turn into proposals.


Ivan Anz and PhilanthroInvestors 

Doc: So I want to pivot for a moment. You mentioned the Philanthroinvestors® before. Talk to me a little bit about water philanthropy. What is happening? Is Origin Clear involved in that?

Riggs: Well, it's fascinating because back last year when we were starting to develop this whole concept of Water on Demand, this gentleman, Ivan Anz came along to one of my briefings and he had built a real estate play called Equity and Help and I think it's number 85 on the Fortune, on the Inc 5,000. So it's incredibly fast growing.

And what he managed to do is put a lot of people into houses they could not otherwise afford, because they didn't have good credit, because they were broke, whatever. And they were able to buy a house for less than the cost of renting it. And then he called that concept, philanthroinvesting because the investors make double digit returns and they're doing good at the same time. So then he broadened it.

So well I want to do the same thing in water, I want to do it in energy, et cetera, et cetera. We very quickly got into a relationship. And what they did was they basically leveraged their big real estate investor base and started giving them choices, right? "Hey, you can do a water thing." And that really transformed us. And they are 19 countries. A lot of them, Latin America. We've gotten investments already from Argentina because we will accept real estate as investments. And we'll monetize them ourselves.

Well, let me tell you something, people don't mind going, "Okay. I don't have to go through the trouble of selling this. I'll just go ahead and deed it over and get a bunch of stock. And da da da." And so yes, we are strongly dedicated to Water Philanthroinvesting through our partners. Doc, it never happens that a partner comes along and does this much, how many frogs do I have to kiss? But there is a prince once in a while.

Doc: This has been the Earn and Invest Podcast on behalf of myself, Doc G. I'd like to thank Riggs Eckelberry. That's a wrap.

Riggs: Thank you.

End of video presentation

Riggs: Now I want to make it clear that this is not a video podcast. It's an audio podcast, but Doc G was kind enough to let me have the tape. And so my brother, Steven, the man with too many cameras went ahead and turned it into a show and I hope you enjoyed it. I think it was a good little interview and it worked well.


Thank You and Congratulations!

So let me just check out. There's some ... there are ... Whoa, there's some great stuff here from Ivan. All kinds of good stories about how the world is running out of water. And now I'm happy to say that Equity and Help made it the third year in a row on the Inc 500. All right. So they are number 374 on the Inc 5,000. And, they are on the smaller group, which is Inc 500. And I believe they're very, very high up in the Florida group.

So my congratulations to Ivan , along with Bella, his wife, Artie, the CEO, Vendee who is VP of expansion, George Mentis who's joined as a CMO and all the other team that are helping us, you are amazing.

So that's greatly, greatly appreciated. So we're now going to quickly move on and wow, third year on the Inc 500. So cool. Of course we don't qualify because we're public, but nonetheless, it is an amazing, amazing thing.

So I'm going to try not to ... Well, actually, wait, I got to fix this because the thumbnails, it can't be optimized for video. So let me just turn off the video optimization and share the screen again. And here we go.


Doc G show


More About Doc G

And that was Doc G, an internal medicine physician who moved over, interestingly enough, to conversations about money and life. So that was a really cool little podcast, much appreciated. Much more coming from that direction. And you'll be seeing my podcast bookings start up again.

NFTs take off


About NFTs

Okay, quickly. "News from the Cryptoverse." What's going on? Well, it turns out that the NFT world is taking off. So NFT searches peaked in March, but then interestingly enough, the actual sales on OpenSea, which is the largest NFT market, after a considerable lag, have taken off.

Now, what does NFT mean? And it's a word I wish they didn't use because nobody understands it. Fungible means you can switch it. A gallon of gasoline is a gallon of gasoline. Whether you buy it in New York or Florida. A dollar bill is a dollar bill. They may have separate serial numbers, but you can switch them. They're fungible. So non fungible means they're unique, you cannot switch them. 


NFTs payout


NFTs and OriginClear?

And this could be the tech we use for our Dollar H20 dividend packaging. And as you see, NFTs are really happening.. These NFTs that we have are intended to be the lifetime value of these interesting contracts that we have coming out of these Water on Demand things, and they get issued as tokens. And each of these tokens holds the entire future value of dividends. That's great. It's future marketplace, as I discussed with Doc G, but first we are doing this.


Building ClearAqua Network


ClearAqua Network because we want to empower communities to solve water problems. And so we're just doing the left-hand side here, which is, you know, alerts bubbling up through the Clear Aqua Community to delegates. And also this, something called validators, it's all very cool. And then it eventually ends up with proposals where clearaqua.org funnels them over to the Capitol to solve the problems.

ClearAqua status report


75 Day Timeline

Status update. Well, we have an updated proposal. As you can see, now we're going to have them involved. We're going to have them build in a very flexible environment called FlowTrack. And they're also going to get involved with the OriginClear website to make that very sexy and cool. And in the sort of 75 day timeline, we also will be focusing on building launch resources, et cetera. So we're on the verge of doing this deal. We're just doing some of the little back and forth. So that's where that's at.




And new development, planning for acquisitions. And that is something that is near and dear to my heart. As you know, 2015, we acquired Progressive Water. And in 2018, we did an acqui-hire, you might say. We brought in a guru from ... a dude that creates these Modular Water Systems, and we got his patents and so forth under master license. And so that was our second big "acquisition".


Acquisition financing


Company Capacity and Empire Building

But now we've received some term sheets to finance acquisitions. Now these are non-binding term sheets and it's early stage, but I wanted to share it with you because, and again, the financing and the acquisitions may not occur. So don't bank on it. Nonetheless, I'm very excited about the potential partners here and it does seem feasible. So the first thing is I really want us to be able to manage Water on Demand systems.




What do I mean by that? Well, that's this stuff down here where you have sensors, goes into a database, performance, and you bill by the gallon. All that capability is stuff that is actually fairly sophisticated. And we have a partner in India, Permionics®, one of our top licensees, who has that capability and they've offered it and we'll be using that for sure, but ultimately it's best to own a company in the space, isn't it? So that's that part.


Acquisition financing 2


And then the second big part is to acquire profitable industrial water companies for their revenue, their profits, their capacity, right? Because back in Water on Demand, we started getting, bringing a lot of money on the capital side. We need to have the ability to deliver.

Now, the fact that we don't own a company is not going to stop us from giving them business, but you make more money when you give business to your own companies. So, a little bit of empire building going on here. And finally, a lot of them have great technology. So, again, don't back on it yet, but it's for real. And it's one of the most exciting things I'm doing.

Tom and... Tom of course, is a, he's been around the block. He's represented funds on the buy side and he is going to be teaming up with, we have another exec consultant who works on due diligence. And so, we have a team ready to go. So, that is really, really cool.


Our Investment Offerings


Series U


Moving on here, because we are, we don't want to keep you too long, but there's been some updates on our fundings. And that is, you know the Series U, which is basically 150% redemption and public stock for potential warrants, which means you get to have a guaranteed low price for four times in a row. Just super cool.


Series V


And then, but the Series V that is the thing that builds a water on demand program. And now, the redemption is 150% into public stock with two times leverage. Now you think, "Well, that's not as good as Series U." Yeah, but you get 25% net profits for up to 25 years.


Series V Exp


And we're expanding Series V up to $300 million, because we, our portal marketing firm, which actually did Impossible Foods, they're very, very prestigious, want to go after small funds in the hundred million dollar range. So, this is interesting. $300 million generates a lot of money, $2 billion for OriginClear. So, really, really interesting.

Call ken


Call Ken

So, be sure to get your personal briefing from Mr. Ken B. He is a busy man these days, but he knows what's going on. And I highly recommend that you click on oc.gold/ken. Please be accredited.

If you are not accredited, we still want to have you in the list. Why? Because, we are restarting our unaccredited investor offering. That is coming down the pike. It's going to take a month or two to pull together, just because that's what it takes to get the SEC to review it and so forth, but it is going to happen. And I'm quite sure, personally sure, that in Q4, we will have it together.

All right. So, we have somebody else with a little chat. Let's just check it out. And Ken makes it very clear that if you're non-U.S., You can speak to him. What does that mean? That means if you are in Canada, Mexico, or whatever, you are free to invest in OriginClear. It's assumed you're accredited, but we are not required to verify it.

In the U.S., we were supposed to take, and we do take, reasonable steps to verify your accreditation. If you're non-U.S., you're expected to be accredited in the laws of your own country, and you basically certify that you are.

And Ivan tells us that we will soon have our first investor from El Salvador. So, fantastic in Central America. That is super, super cool. So, thank you, Ivan. It's and we have more to come, in fact, more and oh, yes, yes, yes. This is cool. Ivan, thank you.


Investing with Bitcoin

We just opened a corporate Bitcoin account in, on the Kraken exchange, because there is a potential hundred thousand dollar investment that's going to come in through in Bitcoin. So, I guess I'm telling you officially that we will accept Bitcoin or Ethereum for investment. So, why not? That happened literally today. So, it's good news.


Thank you


So, I do want to see you next week, as you can tell. These are action-packed, lots to tell you. And if you don't, if you miss one, don't worry, the replays, show up and you can always look on the website where we have a transcription, you can read it.

And of course, it's also transcribed and recorded in video in Spanish. But, I love to have you guys and gals on the show with me, because it's so much fun talking to you each week, the most transparent company in the public company space.


A Real Team

Anyway, so much more to come, and I'm super excited, loving how it's going. The team is really, the big difference between let's say 2018 and today is that I have a real team. I mean, Tom Marchesello is one of the best things that came out of the WaterChain experience. And there is again, because

WaterChain attracted such good talent, and Tom was there, and we had to close it down, because A: we couldn't figure out how to monetize the water, which we've figured out now, and B: crypto winter set in. 80% losses, et cetera. And he goes, "Well, you need help with your Modular Water Systems, don't you?" I go, "I kind of do." So, we ended up with a top exec at OriginClear and, "not worthy, not worthy." And then, of course-

Tom: This is fun. Remember having fun?

Riggs: Wait, wait, wait. You're, you're, you're, wait, wait, you must be. I'm not hearing you.

Tom: You're not? Oh, I'll just be quiet.

Riggs: Oh, that's what it is, it's me. I'm not.

Tom: Oh, I said, "No, we're having fun." Remember, this is fun. It's fun to actually do fun things.

Riggs: It's fun, it's, you know what? It's exactly right. This is becoming more and more, it's trying to remind me more and more of whether these tech things we did in the '90s, you were, you did more things more in the 2000s, but for me, the early days of the .com were like, "Whoa. Oh my God." And that was, it feels like that now, it's got that buzz, a buzzy feeling to it and to think that would happen in water? Unbelievable, right? Never happened.


People Want Innovation

Tom: I think it's like a, it's actually an interesting spot. You're seeing innovation wanting to take place in a lot of areas that were overlooked for so long, because they weren't really exciting or people didn't know how to monetize, and then you see a lot of lessons learned from tech industry.

Plus, now the crypto industry saying, "Hey, you can make money." And it's so much more opportunistic than it ever used to be, because it's about somebody deciding they want to step up, deciding they want to do the business, and then just going after it.

You're not necessarily having to ask permission to go do this stuff around the world, because the need is so great, and there's really nobody standing in your way to do it. The truth is they want you to do it.

Riggs: It's true. Unlike energy, where the utilities are fighting decentralization, in water, they're saying, "Please, go ahead and treat the water. We can't handle it." So, that's, and it's interesting now that Ivan is piping up here saying that we open Kraken to convert decentralized money to decentralized water. Kind of funny. That's kind of cute.

But, it is all kind of happening. So, you came along, Ken Berenger came along and transformed all our capital raising so that we literally are able to seriously raise capital. And, of course, in 2020, the Philanthroinvestors team came on. We have just a great team, and we need more. Progressive Water. 2018, we had Dan Early come in. I mean, it's kind of cool. It's kind of cool.

So, with that, I'm going to wrap it up. Thank you all very much, and it was a pleasure having you tonight. Do tune in next week. And, bye for now. I'm going to switch off the video, because Heather needs to catch up. So, good night.


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