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Strategies & Market Trends : Ride the Tiger with CD
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From: Rocket Red6/27/2008 1:10:25 PM
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Post says Zenn could benefit from revolutionary battery

2008-06-26 08:50 ET - In the News
Shares issued 29,380,537
ZNN Close 2008-06-25 C$ 4.78

The Financial Post reports in its Thursday edition that Zenn Motor is building Zenn cars at a factory just north of Montreal at a rate of two to three vehicles a day. The Post's Nicholas Van Praet writes that every one of them is being shipped to dealers in the United States. They remain illegal on most Canadian roads. Like other companies selling alternative transportation in an oil-dependent world, Toronto-based Zenn has suddenly become a sexy stock. Its shares have gained 81 per cent over the past three months on the Toronto Venture Exchange despite the absence of profits. Zenn could soon be much more than sexy. It could be downright disruptive. Some time over the next several weeks, an ultrasecretive company named EEStor Inc., based in Cedar Park, Tex., is expected to release the results of independent third party testing of its electrical energy storage unit. The Zenn partner aims to replace the electrochemical batteries we now use in everything from hybrid cars to laptop computers. "This is not small potatoes here. If this works it really changes the transportation sector," says Massimo Fiore, analyst at Versant Partners. He rates Zenn a "speculative buy" with a one-year price target of $6.50.
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