Jay, I'm surprised at your comments. The stock price is very important to Valence at this point in time, as they have been performing incremental financing based on that price.
Further, neither will they rush nor hold back any PO announcements. Such will be made on their own timeline, as has been much to the chagrin of long-term holders.
Nonetheless, Lev made it quite clear during the last conference call that his factory is nearly ready to produce, at a substantial volume rate, what the company considers 'commercial product.' If the product is found by OEMs to meet the specs that Valence has stated, you will hear of POs within a timeframe shorter than your '60-90 days.'
That's my estimate, of course, but it is based on market demand for such a product.
BTW, I also disagree that Valence's stock price is 'equally likely' to move either up or down from this point. A chart will not provide the answer to your underlying question. There are exogenous events transpiring that make charts useless for this scenario. These events include the presence, and possibly closure (depending upon the closing price the next few trading days), of a variable conversion clause; and the possibility of POs with measurable revenue streams and which validate the product to the marketplace. those two events will bring many new investors to this stock. IMHO. |
