Stock is up 20% since the delayed earnings call.. but the volume is uninspiring. Odd that 10 days later there is still no news. Anything material will have to be 8K'd, and the only hint we have so far is the stock option forfeiture announced April 4. Any ideas what that could foretell? Possibly a new strategic investor who doesn't think management deserves their options (who would disagree!)?
On April 4, 2019, Ideal Power Inc. (the “Company”) entered into Award Forfeiture Agreements (“Forfeiture Agreements”) with Lon E. Bell, Chief Executive Officer, President and Chairman of the Board of Directors of the Company (the “Board”), R. Daniel Brdar, BTRAN Chief Commercial Officer and a member of the Board, Timothy W. Burns, Chief Financial Officer, and David B. Eisenhaure, a member of the Board. Pursuant to the Forfeiture Agreements, these individuals voluntarily forfeited their equity award grants with a grant date prior to January 1, 2018.
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