RE:RE:ValidationIn my previous communications with ETI, one of the points that has been repeatedly mentioned is that revenue in itself is not necessarily needed for the stock price to reset at higher levels. They've indicated that a parternship which gives the process legitimacy could significantly change the landscape for ETI.
Bailey mentioned "validation" and I guess my comments above also would qualify as validation. So, I'm not saying that revenue is not needed or that revenue is not important. I'm saying that ETI management has previously compared themselves to other companies which have much higher capitalization levels and also have no revenue yet, but those same companies have a significant partner.
ETI signed a deal with Ocean Partners about a year ago. Certainly not the type of partnership which brings immediate legitimacy in my opinion. In fact, I recently asked about this deal and revenue and got brushed off with a comment like "we cannot discuss revenue". OK, can't tell me revenue (not public information), but why can't they follow up with some general comment indicating the partnership is proceeding as expected. Although this deal isn't huge, I think it would be a bad sign if the partnership ultimately does not succeed. I'm not saying the partnership has issues - I'm saying that I've seen no mention of it for a long time and they won't address my questions about this partnership.
Anyway, same status for me - long time shareholder, large position, but have not added to my position for well over a year, even at these low prices...