RE:What does something like this cost at the end of the day
mmmRibs... thank you for keeping things interesting where there is little to no direct informaton to discuss from the company. Although I don't always catch on to your posts (kinda like trying to decipher vanity licence plates), I do enjoy trying!
I cannot figure out what the deal is here with Mr. Holland - over promising and under delivering year after year - and he gets paid quite handsomely for it - how does he sleep at night? For some reason (probably because I'm trusting and naive) I do trust Brent. Does he come across as someone who wants to screw over retail investors? I think not.
I have been adding to my holdings this past month as the chart continues to look like a tobogganing hill because I really feel like this is the place to be.
So why doesn't management care about marketing? They intentionally make an effort NOT to market. So why bother with retail outlets across california if you don't want to sell a lot of evolves? I can't remember anyone providing a rationale answer to this paradox. Can you? They have social media and their own website, but they don't use them - so weird.
I think that this company is really only concerned about white lable deals and hence don't care about selling a few evolves here and there. Perhaps, they needed to develop a name for themselves with the smaller dealers to prove out their tech? But why the recent arrangement with energy sage?
My concern is that there is something big coming that will not necessarily look after the retail investors. I hope that we are not being set up to be bought out for a low sp. I was really hoping to see EGT actually make it on its own (with Itochu and QCells providing the supply/sales channels).
I don't 100% believe Justin when he says that share holders will be rewarded or will be happy (can't remember the exact verbage in his deep dive interview) later this year. What I don't get is that JH, BH and the directors are significant shareholders... don't they want to make big chunks of money through their stock holdings?
Stiffel has a 90 cent target? so where is the buying pressure? why would a group of big investors throw down 20M for 40 cent shares only to watch the sp drop 25%? Wouldn't they be upset with Holland? or are they not concerned becaue they know what's coming?
Then there is the switch to KPMG and the push to "clean up the balance" sheet by eliminating debt - what's that for? Are these necessary steps to prepare for a take over? an uplisting?
I feel like I understand what this company offers in terms of tech and I think I understand all the talk about flow vs batch production... it's obvious many places in the world are moving to ESS right now...egt has the partners, the market, etc... What I don't get is - what is the blueprint and timeline for profitability?
I get that we have never been profitable and that hurts share price... but that's always been the case and there seems to be more reason for hope now more than ever... so why the decline in sp?
Something is at play... something that insiders know about - and it's a crappy to be in the dark as a retail investor.
And who shorts this stock? I know it's a small percentage of the overall share structure, but seriously, what retail investor would short EGT? That is concerning...I mean how much lower could it go before you plan to cover your position? I worry that those who are shorting know something the average shmuck like me doesn't. And unlike most SH boards, there doesn't ever seem to be any annoying bashers here... so that tells me the shorts are bigger players?
I can't imagine that the next Q is going to be anything great. We will get Justin's Covid execuse as to why they haven't been able to clear their backlog....blah blah blah... I would hope that the current share price already has that worked in.... we will see. I mean Justin, dude! - wouldn't it be cool if you actually made all of us really wealthy? How about just getting it done without any excuses? Does it not bother you that your track record in terms of hitting milestones is unreliable at best? How do you interact with CEO's of successful companies without feeling inadequate?
And how about answering emails from investors? Has anyone recently tried to speak to JH and had any kind of response from him or anyone in their PR dept?
heavy sigh...In true ignorant fashion, I will continue to buy shares until we begin to see green days.
My apologies for rambling.