Trust me, Larr, I didn't first buy the stock 2 1/2 years ago because of some posts on this board. And I continue to hold this stock not because of claims of imminent contracts but of what they have been able to do, and what I think they will continue to do in the future. And if "substantial revenues" don't come until 1Q2001 as opposed to 4Q2000, so be it. It won't make a bit of difference to me, nor should it. And I'm sure that there will be other stocks in the market that will outperform VLNC over the next year. But none of that really matters. What matters are the following facts.
1) The demand for mobile power sources is absolutely exploding.
2) The company has developed a battery that has significant funtional advantages over its competitors.
3) They have been able to begin selling this product. Small contracts to be sure, but it's difficult to break into any market as a new supplier.
4) They have begun actually shipping under these contracts, so product is going out the door.
5)They are expanding their Northern Ireland manufacturing plant (witness posts of recent help wanted ads from Irish newspapers).
To me, these are all very positive fundamental developments that lead me to continue to hold the stock. And, like I said in my post yesterday, I'm absolutely sure that in 3 years time, I'll be able to look back at today and say, "Gee, my stock has tripled again over the past 3 years. Ain't life wunnerful." So I think I'll keep holding the stock. |
