Yeah, Dennis, I wanted to see what he would say.
As if we hadn't fully read the SEC documents and understood 'variable conversion.' Sheesh.
This man is investing (on the short side) in a company that HE clearly does not know anything about apart from a *potential* variable conversion. Talk about living dangerously.
I would suggest people talk with the company and attend shareholders meetings, read up on their technology and patents, ask questions, determine the market and market projections, evaluate the competition's product and production status, compare it to Valence's, run some numbers about profit potential, and THEN estimate what the company will be worth ... once they sell the product from the factory they've built (and are still expanding, though two lines are currently producing two different cell sizes that they've shipped, as per the conference call).
Meanwhile, looks like our test of the sub-6 range didn't last long. We may revisit it, or not. It doesn't affect my long-term view, either way. |
