You're right! It's been dead money for sure. That's getting ready to change bigly. Give credit to the company for not giving up eh!!
It actually hit a tad over 9 bucks post-split. It has traded sub dollar waiting for the Buffalo facility to be up and running. China ops still providing some inventory.
It's all about sales at this point. Initial modest production trial runs should begin before the middle of Q2.
The "investment" has taken longer to come to fruition than anyone expected. But, as always, Rossi and his team will deliver.
Bringing a brand-new production facility online with state-of-the-art fully automated equipment is a very heavy lift for anyone. What they have accomplished so far is amazing. It's taken a lot longer than expected, but amazing at the close of business eh!
What is very encouraging moving forward is the fact that Hyundai and at least two other major OEMs are chatting with the company and working with the company to potentially incorproate SOLIS/COR technology into their vehicles.
Anyway, investment timelines vary. This has indeed been dead money since the R/S as shareholders patiently wait for the flower to unfold. It's very close now. Hell, they've gone from about six full time employees to about 35 - 40 (post hiring from recent event...just a guess on the number) in little more than a year!
They have partnered with other great companies to move their brand and their business model forward. We're at the point now (this year) when we see if their products sell well. My bet is yes.!
19 institutions hold this stock. 25 percent of the O/S is held by insiders/institutions. 17Mish shares in the O/S. Free float is very low and should provide for great liquidity and volatility for traders/investors moving forward on news release and sales increases. If you're a trader, then you should be ecstatic that this stock has been beat up (justifiably so!). What a great long-term trader this will become over the course of the next three years!
Bullish
