Yeah this is par for the course - relatively low float so it gets highjacked for short periods from time to time…
Would love a nice update from management - one where they actually say something positive and don’t ruin everything with “we are in the very early stages of development” (after 3 years of development) or other such kiss-of-death phrasing…
BUT - we languished for over a year sub-penny without a peep, tweet, PR, or anything else from management.
when we got a new CEO we hoped things would change and they would communicate more, but no. He was ultra-quick and flippant at the annual: you will get an update when we are good and ready…
This year they have tweeted some and did issue a PR or two - but not PRing the DoE award is head-scratching especially in light of their financial situation.
It is true they are pink and don’t have the same - 4 day 8-k rule, but not releasing info timely leads to suspicion of insider (10-b5) selective omission, selective disclosure etc…. They have to put it in their quarterly, but it begs the question why they felt it was not significant enough to release as soon as they were informed to the public. If you look at their financials, $200,000 is very major for them.
I think the bottom line is that not much happens with them because they aren’t hard-chargers. Management is very slow and aloof because they aren’t very good. They do not communicate well because they do not understand the importance of doing so - and they haven’t progressed much because they were very slow on the battery angle, despite shareholders screaming that it is the future for the company….and that is why we sit with a M/C of just $4M.
I think they are realizing that the battery tech is important over the past year, but they wasted a huge swath of time.
Hopefully, we see something good and soon, but with the history here, I am skeptical, though stock-price-wise I think our new base is right around this area.
GLTA
Following the charts is like driving a car forward while looking in the rear view mirror.
