The question that comes to my mind is what does "good production" mean? Some companies do OEM contracts but can only deliver on a small fraction of their commitment, but they get OEM $$ in their pockets.
IMO, if VLNC can spit out some good batteries at even 1/2 the capacity, they should do a deal to get credibility to support the stock, at which time they could do another offering against a stock price that is at least $10 vs one that's $4.50.
Tenuous or not, if it's money that needs to be placed on this company,, I wouldn't suspect that VLNC would have trouble raising it given the potential of the product.
At the very least, VLNC could agree to a major JV or $$ injection by the likes of a SONY or MOT or Everready to keep them afloat. The investing company would get a leg up on the competition and VLNC would keep chugging. (I've seen much worse companies with worse prospects get financing.)
The "at least another year" time-table would really stink, though, short term. In the big picture of things, if I have to wait another year to get $50/share on my $7/share purchase, I'll wait. I'm not going anywhere now anyhow! I'm sticking with this big ol boat even if it goes down. Pretty stubborn, but I can't get over the potential of VLNC long term. |
