Good for you! I've been following this company for some time and pulled the trigger when it went public. The downturn has made it possible for me to average my overall cost down. I still believe this is a great company with a great product that's just suffering from the effects of a volatile time of the year which is extremely harmful to stocks that have just gone public, are small companies or both.
I'm well aware of the fact that the volatility and dramatic downturn of the stock is making me look like a knucklehead with my fellow trading friends but it's one of those situations where my resolve is chiseled in stone and I'm not bending to stress on this one, I believe in the company.
I think they have a great product, the electric drivetrain, for a couple of reasons:
They can be retro-fitted to commercial vehicles in this case school buses. I always believed that commercial vehicles are in dire need of "green" solutions. It's not because there are more of them on the road but rather, they are always on the road and the engines are more powerful, larger and I'm betting the source of a lot of pollution.
I'm also wondering if this technology will work better for personal vehicles as well, especially older vehicles you may already own. Can they retrofit the "Familymobile" with the electric drivetrain to give you an electric vehicle without having to go out and buy a new car? Does anyone have an answer on this?
I would also like to get some new discussion going on this company and hear what others feel about the company and stock.
