RE:RE:Eguana and Sonnenbatterie Will Not Extend Supply Agreement That's rather polite compared to what I was thinking.
Carten does not know why the stock price went down from 30 to 20 cents.
Reasonable to assume that some of the sellers this past month knew.
That would have been my answer to the question had I known that this news was in the works.
I thought the price went down on concerns about the Chinese market downturn and the possibility of it spreading to other markets, or just a few more sellers than buyers.
Was not expecting this news given the much touted, best in every class, top of the line, blah, blah, blah, INVERTER!
"This quarter is going to be a little flat because it’s summer in Europe, and plants tend to shut down,"
Ya, now we know why "this quarter is going to be a little flat".
Not going to make accusations I can't prove, but I'll bet donuts to dollars this news was known and or expected at the time of that interview.
EGT went from supposedly going to be end of year cash flow positive, to we're going to need some cash!
IDIOT ME!, I should have bought some donuts instead!