ENER 1, INC. (fka HEVVQ)

[Givvenerr]

One of several reasons it went down today. One is European Market outlook not good and the DOW dropped 389pts. Two someone that held 300k shares dropped their shares all at once bringing the price down. Three someone got scared about the change in management.

Ultimately the whole reason its down is because of Think and the need to revise the financials. Rich folks, upset they lost money so they sued...big deal less than $400k from a company who's market cap used to be a Bil $.

Heres how I see it...The Russian investor Boris has over 80 Mil shares of HEVV and has been invested in Ener1 since 2002. So he's not going to take a loss on his time n money by filing bankruptcy. He wants the price of his shares to go back up....so that's why he bought Think after they closed the door. He has plans to start manufacturing in Finland by next spring.
Ener1 also has a grid contract for $40m in Russia, where this dude is the 75th richest Russian...So he has major pull. He also owns Paper Mills everywhere, so the dude has the money to single handedly keep Ener1 afloat. The chinese contract with Wanxiang is worth $120M and that company is worth $10B.

I actually think this is the time to buy...as Buffett says, when people are bearish be bullish.

Good Luck to you all!!