Flux Power Holdings Inc (FLUX)

[sacco]

I flirted with the idea of buying more.
its dead money as these guys don'tseem to know how the stock market works.
I think ill sell when I get the chance

[BJ_Cooper]

At least we closed up today.

[sacco]

Only the company can fix that!
A Nasdaq listing might help but if they can continue to raise money they might never uplisting.

[BJ_Cooper]

It all looks good, but I still expect there to be no interest. FLUX remains completely under the radar.

[sacco]

and 10M in back orders

[BJ_Cooper]

$3.6 million.

[sacco]

I think we need to be 3m plus and believe we do it.
ib also predict no volume or interest

[BJ_Cooper]

To be honest, I predict a non-event, but I could be wrong....

[sacco]

Earnings tomorrow lads.
What are your predictions?
And what number should we have to show we’re moving forward?

[BJ_Cooper]

I’d be fine with it, as long as they pump it enough for me to make a good profit and then give me time to get out. lol

[sacco]

To be honest,I’d love a pumping crew to come in

[BJ_Cooper]

That would be true. There’s never been much volume. The good hews is that the pumping crews have left it alone.

[sacco]

I seems this stock has never had volume.

[BJ_Cooper]

Looking slightly bullish today. All we need is some volume.

[sacco]

earnings next Tuesday!
wait until then

[BJ_Cooper]

Let the share price stay down. I might just buy more.

[sacco]

that's 66% of last years total revenue!

[BJ_Cooper]

$6 million order. Nice!

https://www.businesswire.com/news/home/20200204005932/en/Flux-Power-Accelerates-Momentum-Major-Order-Multi-Year

[sacco]

an excellent press release

[sacco]

and for earnings. do we have any idea what we're looking for?

[Ronk1]

Absolutely not. I believe it's market makers trying to drum up some trading. It will be back up to 8.50 before the day is out.

[sacco]

Almost at $7, is this an indication of earnings?

[sacco]

I prefer they stay away from cars.
Heavy industrial I think is better.
Power grid, solar power storage.
I’m guessing earning in two weeks.
We’ll know more by then, however I would guess they will give press on the agreement before that

[BJ_Cooper]

My hope is that Flux expands into the electric car market.

[sacco]

The purchase agreement said a Fortune 500 heavy engineering company.
Maybe it’s for something other than forklifts!

[Ronk1]

No not yet.

[BJ_Cooper]

232 shares at $8.52?

[sacco]

Any reply back to your inquiry Ronk?

[BJ_Cooper]

In the meantime, I’m sitting in a pile of shares....It’s like watching paint dry.

[Ronk1]

Yes I agree..They had them in the past but that seems to have ended 3 or 4 years ago.

[sacco]

and I think a conference call at earnings would help

[sacco]

I just wish they would give details.
most small companies would be all over the media with this type of news

[Ronk1]

I live near Raymond (Greene, NY ) and know they had a strong alliance with Brammo for their LI batteries in 2016-17. But things change.

[sacco]

saying that, it could be anyone.
maybe Raymond or Toyota

[Ronk1]

Ok thanks Sacco. I found it. I never realized that CAT /Mitsubishi were in the forktruck business. Well then you are right on I'd say.
Thanks.

[sacco]

Go to investor page.
Click on presentation,
Download and scroll through

[Ronk1]

Yes , I did yesterday Sacco. Let's wait and see what he says.

I know the large purchase order agreement that they received last spring that I compared here was an OEM/private label deal for a global forktruck manufacturer. I'm sure that there was an agreement not to expose their identity to suit the customer. Doesn't that happen all the time? Crown does not make their own batteries. Someone is manufacturing batteries for them. They market them as V-Force. If you take the time and compare both battery pictures/illustrations on their websites you will see that they are identical except for the name/label.Plus they are both UL listed.( Who else out there has a UL listed Li-Ion battery for forktrucks? ) It gives the end user a better impression that they "do it all".
This latest announcement may be a similar situation. They seem to be focusing on the long term, business to business, customer relationships but not the short term retail investor concerns/needs like we have.
Also, I searched through Flux powers' website and don't see CAT on there as a customer. I must be overlooking it.

[sacco]

Any luck reaching out to management Ronk?

[sacco]

My concerns also

[BJ_Cooper]

Without any updates, the volume is almost certain to remain nonexistent. It does make me wonder what’s really going on.

[sacco]

As I say, if they put out a detailed press release we wouldn’t need to be guessing.
This is part of the concerns I have with them.

[sacco]

Not entirely sure but Crown are to small to be Fortune 500.

[Ronk1]

Not sure if they are either but they are an international Global company (3 Billion+ revenue) but what equipment does Caterpillar market/ manufacture that uses batteries?

[sacco]

I don’t believe Crown are a Fortune 500 company.
Considering Caterpillar are on their website as a customer, I’ll thinking it it Caterpillar.
Could be wrong of course

[Ronk1]

I'm thinking this recent master purchase order agreement is related to this news from last March.


Ronk1 Sunday, 04/28/19 01:34:41 PM
Re: None 0
Post #
273
of 425
On March 19 this was announced by Crown Equipment:

NEW BREMEN, Ohio (March 19, 2019) - Crown Equipment Corporation, one of the world's largest material handling companies, today introduced the V-Force? Lithium-Ion Energy Storage System (ESS) for forklift users considering alternative energy sources to achieve lower operational costs and enhance productivity and efficiency. Initially available for the Crown WP Series pallet truck.

On March 29th then this was announced by Flux Power.

Posted:
Andrew Lerma
March 29, 2019
Flux Power Selected to Provide Lithium-Ion Walkie Pallet Jack Batteries to Major Global Forklift Manufacturer

Crown also stated that:
"the V-Force Lithium-Ion ESS will be available for Crown's complete line of forklifts in 2019."

This can't be a coincidence.

[Ronk1]

I can do that..

[sacco]

ronk if you're in contact with the company, maybe you could email them and ask why they didn't put out a press release

[Ronk1]

I'm expecting that the long awaited uplisting to the NASDAQ will bring the attention of stock analyst's. With that some price targets and needed attention to get the volume going.

[sacco]

earnings should be out in a few weeks.
have a feeling they will strong.
however, there should be more effort from the company to promote themselves.
the recent filing is interesting, it appears they have raised 10million of a 12 million raise.
there's just something that troubles me and I can't figure out what it is,
that being said, I believe this year will be big for them

[Ronk1]

Absolutely seems that way BJ. Ever since the uplisting was postponed; this thing went stagnant.