Larry, the company has since admitted there were two prime factors delaying POs. One was that unexpected hurdles arose which they have since overcome, which would not have made it possible for them to accept *volume* POs in spring. But they could indeed have accepted POs back then, yes.
Who would they have been from? Clearly from those who had already thoroughly tested the cells. Namely, Energizer Power Solutions. This is the second factor that delayed POs since spring: the decision by Eveready (or perhaps by their parent company, Ralston Purina) to completely sell off their OEM repackaging unit, EPS. Valence has since stated that this brought their plans with EPS to a halt, as potential EPS customers were waiting for this to be resolved, to see who the new owners would be (e.g., if potentially they were Asian competitors, these OEMs would seek other repackagers between themselves and Valence, out of self interest). Since the Valence-EPS relationship was the most advanced, this was a major setback for Valence.
This setback is about to be overcome, as the EPS sale is to be finalized this month, according to EPS, Eveready, and RAL.
To return to your point, yes, unexpected events prevented Valence from going on the path it had laid out, to get its product to market. The intervening time has been well-spent, though, and the company has more experience with its equipment, and has now expanded its production bottlenecks to where higher volume output is now possible than would have been last spring.
I could add many other points, which you would ignore as usual, but the key issue is that if these unexpected events had not occurred, you would likely have been eating crow two quarters ago. Now it's just this fall that you'll be eating it. So keep posting about how it hasn't happened yet... you'll be right, to a point... namely, to THE point where it does. Then you'll be wrong, and oh so wrong.
Frankly, I don't care what you think. You're so myopic in your view that you don't see what's happening in front of you. |
