I've heard more talk of good things going on -- enough to keep me in my sizable position. Word is that the products continue to be tested and proven to have tremendous superiority in all the areas we've talked about, and that some quite sizeable orders are "close". (Many people don't realize that companies are often restricted from announcing particular sales orders.) The claim is that their products are finding increased demand in the auto industry, and that the wood/building industry's interest continues to grow.
I doubt low oil prices have much effect on their position, but I would think that low oil prices don't help at all. Main thing, from a fundamental perspective, is that as long as manufacturers are doing OK following their old practices they have little incentive to switch.
You are right that Kurple and Deaver seem to have no clue in regard to investor relations, and I have sent them personal mail trying to educate them on the subject. This is indeed frustrating. As I mentioned in my previous post, perhaps the stock continuing to drop will get their attention. However, I do understand that they are working on another "Lenox Leaf" newsletter and that it should be out "soon".
My guess is that this, however, is another demonstration of their cowardice in regard to less than good news about financials. As I think I've said before, I expect very little from the company in terms of sales for this year. But, I do believe they are making significant progress,and that the financials are adequate to see them through.
I'm not selling, but I'm not buying more. If anything, given how low the price is right now, my bias is toward buying.
FWIW.
-DT |
