My historyI don't have time to post ALL my thoughts on EFL but I do have a long history with this stock, having lost a small amount (but big percentage loss) in my early 20s in early 2000s. My takeaway at the time was it was a company controlled by a mad scientist who would never execute.
So, when a friend suggested I take a look at it six months as I had asked him for a recommendation for companies with exposure to the renewable energy storage world, I chuckled. I liked the idea however of settling a long ago loss, and bought at $1.46. Think it hit $0.90 two weeks later. You can imagine my reaction. I should have doubled down, but didn't and have simply held my shares.
I was quite pleased to see the drawdown on the Working Capital facility yesterday. To me, that was tangible proof that EFL was going to come through with some of the talked about revenues. I was concerned like many others, I'm sure, that the revenues would not materialize. I am just going to sit on my shares. That's check mark one for Sankar in my books. The ship is sailing in the correct direction now.