add, no I was not particularly surprised by the CC. I haven't mentioned to "no products for sale" issue for months. If anything, I was somewhat disapointed that Lev ducked Harold Hartsfield's question about how much production capacity they have NOW. I was also disappointed with the projection of $76 million of production capacity within 12 months. That's a far cry from any projection that has been made on this thread.
The most pleasant surprise for me was Lev finally putting out some numbers that mean something. Watt/hours, miles of laminate, cells vs. batteries per minute, etc./ were all subject to misinterpretation, as they obviously were. It's hard to misinterpret an estimate of the revenue generating capacity of the equipment.
As far as predictions go, mine have a tendency to be too optimistic. At the beginning of the year, this thread made predictions of the stock price by the end of the year. Mine was $25, assuming VLNC went into production. Although my prediction was the second lowest (if I recall correctly, and several were in the $100+ range), I now think that prediction was wildly optimistic. So add, no, I am not particularly impressed with the progress VLNC has made over the last 8 months. $233,000 of revenue in the first 6 months was not what I had in mind when I made the $25 prediction. |
