RE: Risks I hate to disappoint you but there is nothing in your lengthy posting that has not been addressed by someone else in the past. Perhaps not all at once, but at least one issue at a time.
I won't waste my time in arguing all these points I just want to talk about two of them. The low barrier for entry is a valid point, and the PSN tanks are no great creation of God - whichever way you want to look at it. Somehow I think everyone missed the very point here. The design of the tank is irrelevant, as long as the don't leak. LOL.
It's the service of providing the tanks that matters!!!.
PSN is not a water tank invention company. It's a service provider that delivery rental tanks to clients to hold fracking fluids. In a way there is similarity between PSN and the restaurant business. Imaging you are eating at a restaurant call PSN. Why do we come here and not a hamburger stand down the road? It's all food (rental water tanks) just the same. It's the whole package that they are selling in the restaurant business, same as PSN. Food (i.e. the tanks) is of course important but there is also the ambience, the service, the atmosphere, the hype too (in up scale restaurants). Do you think a Mercedes should be worth that much more than a Ford. Heck, no. It's the brand name that gravitates the customers to their cars. Right now PSN is the Mercedes that delivery the whole package that delivery a facility (the tanks) that gets the job done.
As to the insider sell by the Chairman. This one is puzzling. Since no other insiders followed suit I'll take the Scott Dawson answer at face value. However, if that's followed by other key executives later on I'll high tail out of here faster than you know what..........