RE:Thanks for the entertainmentYour opinion is fair (however coloured), and as a minor shareholder my investment in the company is minimal (however longstanding). That said, I am constantly surprised at people who flog an innovative company that has sought to break new ground with its patents and products. What was expected? A quick and smooth ride to massive profits and wealth for all shareholders? Some of these companies work, and some don't. We as investors buy into the technology and promise, not some immediate return. When I bought in 2004, I hoped that the company would be profitable in 10 years. Well, here we are and, while the company is not yet "profitable", they are making encouraging inroads into an industry that is only now starting to take off.
You also suggest that things are all smoke-and-mirrors, but that fails to acknowledge that this is a small company that took an idea and, over the course of a decade, transformed it into something that has a wide range of minor and major applications in the renewable energy field. Everything from extending the range of a laptop battery, to powering electric vehicles, to integrating smart-grid applications in the EU and UAE.
There is still a good chance that EFL will never live up to its hype, that much is true, but as an innovator it has done a good job slowly developing its product in a way that is both adaptive and fills a growing need. Hopefully they are rewarded for their methodical progress, and hopefully the product they are marketing now is up to the test. By the looks of things, it will certainly be put to it. But if its batteries can stand on their own, EFL may prove you wrong and be a Canadian success story. We should get a better sense of that over the course of the next fiscal year.
I'll be keeping an eye out for that "I told you so"....