John & Larry, I agree it would be nice to see a drop to the high 4's toacquire some more stock but I find that highly unlikely. I know of atleast 6 shareholders, including myself that sold from 50% to 100% of
their positions as the result of the conference call. From reading this and the AOL thread, It looks like there are many more, and I have a feeling that both of you are included in that group.
I agree with FMK that once again the stock was oversold. My timing
wasn't good enough to get back in in the high 4's but fortunately, I
have bought back most of my position in the low 5's.
There does not seem to be a question anymore as to whether they can
build the battery or they wouldn't have announced production schedules
via the newswires. The company has not seemed concerned about running out of cash and neither am I. Didn't the company recently just take in about $4.5 million from Carl Berg and probably another $800,000 from Cal Reed from exercise of their options? Then there is about $45 million, last I heard, of capital equipment to borrow against.
Robert Cohen just posted some proof that the insiders who registered
have finished their selling
Here's an excerpt from post # 2057 dated Feb 7 regarding Cal's selling.
<<https://www.siliconinvestor.com/readmsg.aspx?msgid=3369551>>
<<Does the odd lot of 38,500 mark the end of Cal's registrations? I was told today with certainty that this is the end of it, and that we should look for an upturn, as much as $1 per day to the $5's and $6's starting early next week when the last of it is sold.>>
I think FMK called it right that time. I think we are headed back for
the mid 6's or into the 7's just to retrace the effects of the failed
Sony deal, Cal's resignation and all his registrations to sell that
depressed the market week after week.
Here's another post that I like.
<<https://www.siliconinvestor.com/readmsg.aspx?msgid=3458777>> |
