RE: Fundamentalsin response to "DAGLADIATOR's" message:
Fundamentals have not changed. We still have new products in the works (new scribbler and what someone has speculated could be a *possible* new generation battery), nasa contract still working out, exide continuing to work out their problems, a quality ev, and a superior tablet.
Of course I could go on, but I don't want to be seen as a basher.
I've said it before, and I'll say it again. I was in this company for the longterm. Sure if there were some trades to be made, I'd consider making them and act accordingly, but efl is definitely a longterm play.
Obviulsy the current collapse in sp was really in reaction to misguided expectatoins in numbers. YOU CAN NOT BLAME THE SHAREHOLDER FOR THIS.
The company has been absolutely terrible in handling PR/IR. I've said this several times already, and this last bout of numbers really confirms it. You have only management and IR (what IR?) to blame for this collapse in sp. If investors weren't left to play the guessing game and were actually given some credible anwers to questions instead of trying to dig up what we can; we would have expected numbers to be more in line with what they were.
I also agree with the statement that efl should really get a new ceo. I've also suggested this in the past. It is clear from some of Sankar's comments that he really is the scientiest (brains) behind the company, but he should NOT be in the position he is in. We need someone with name recognition who can take efl to that next level.
Just look at previous companies who've had a reconizable name join their boards... look at their sp. SNG is the most recent I can think of (before they got hit hard).
Oh, btw, I requested two information packets from efl and have received none yet. I'm going to try again today for the third time:)
Not so happy, glad
_--------------------------------
I'm glad there are people left on this bullboard who believe in this company still. The share price drop is the result of unmet exceedingly high expectations.
What did you people think? that this company was going to break even from Q1 to Q2 going from a loss of $2.4 million to profitability? They're $500k more efficient, and will continue to be so.
It'll take time. And it WILL take good PR/IR to bring this company to light.
During the conference call there was an intelligent question posted as to what the company will do to increase their exposure to the North American market, and the answer was the highering of the new group of sales staff to introduce the Scribbler and EFL's batteries to the rest of the USA.
This company is a strong buy, and granted there were huge losses, the company will continue to grow.
They got the message this time, they need good IR in the company.
So to sum this up, the company's has (just to name a few) contracts and assets in:
a. New Scribbler Product line
b. Hospitals picking up new Scribblers
c. Schools picking up Scribblers (not this year, a year later maybe)
d. Nasa contract paying up in lump sums.
e. New generation batteries.
f. New plant opening up to generate efficient, stable, reliable cells.
g. Tour de Sol coming up.
h. Just venturing a guess, but obtaining a new plant for production of high efficiency, high reliability battery cells for "aerospace" industry (i.e. for Nasa contract), could this not be the same type of facility that would be required to make mass production, highly stable battery cells for cars?
Considering the high energy prices and the increased demand for "green" vehicles, this may be pushed A LOT faster by auto makers.
However, as I do agree the company does require a new C.E.O. the honesty of Sankar should be appreciated, and if EFL gets the types of CEO's of SNG, then I sure as hell want out of this company! They're scum and low-lives. They've hyped the stock, sold all their shares at the stock's high, and then said that there's no oil in their exploration wells.
Sorry about the long post, but I hope it was informative for you.
D-man