Zeev: sorry but i really have to call you on your "too many deep pockets would know about...including CC".
CC shorted the SHIT out of this stock, selling 100's of thousands of shares for $6/$5/ and less to make profit of the difference between those prices and their conversion price just south of $6.
This went on up to the week before the stock began to climb, the company completed an institional pp for $32M at 16 based on a look-behind 30 day average stock price, and the stock climbed to $40.
CC knows their game which is short, short, short, manipulate the price down. That is ALL they know. You know that Zeev, how can you continue to make such truely stupid statements about CC "would understand the fundamentals....would be in a much better position to know if any P.O.'s were imminent...etc...etc..etc". You of all people should know that CC has only one game - short, short, short.
They got their pound of our flesh, took 20-30% short term profit, when if they had simply waited a couple of months and played the long side they could have made 600% profit. And now you are using them as a reference point on understanding the fundamentals of the company? Surely this is deepest lunacy, Zeev. I expect much more sense from you.
You really have done, as far as i can tell, no independent investigation or fundamental analysis of this company other than reading SEC filings. Since you refuse to consider any forward looking statement from management, I can easily understand why you fail to understand that forward looking financial projections of the companies stated business plan will generate substantial revenues and profits to justify $50 even on a conservative valuation, even discounting any value from lisencing.
btw you like RMBS - i seem to recall that they have zero revenue from mfg. all their projected revenue is lisencing. how is it that you fail to grasp how that business model will work for vlnc, assuming that the batteries work as well as they are claimed to? Or are you also insisting that the company is all hype and the batteries are good and/or the company can't make them? You obviously don't have any sources among the many OEM's sampling these batteries.
As far as your TA is concerned, I seriously doubt that you have the slightest understanding of how to factor in the major short attack such as we have had. Or maybe you deny that it has taken place just as the multiple level II watchers have been posting with such great detail.
I think the best model for understanding that effect on the market price of this stock is to hold a full balloon at the bottom of a bucket full of water. Then take your hand away and see what happens. That is EXACTLY what we saw when the last major short attack was finally repulsed and is exactly what i know will happen this time also.
btw where were all the "knowledgeble institutional investors" when the stock was at $5?
In any event, it should not take very long for the stock to once again prove just how far wrong you are, Zeev. And I'm quite certain you will quickly abandon you valuation theories once you see the stock start to move. Unlike our poor friend Larry, you at least do know how to jump on a moving train. |