Replies to post #1364 on EnSync Inc. (ESNC)

[Makemoneymonay]

Seems like there is no material change in the company.

The share price drop is probably caused by the SEC requirement for companies to maintain current with their reporting (earnings statements, etc.). Since Ensync is in court and their business operations currently suspended, they aren’t current with their reporting and are therefore classified as a “no information” stock.

Any news and this thing could be absolutely bonkers. 20 cents per share would be $12 million market cap for the company, which isn’t crazy.

Especially when you consider the value of their IP, and the contracts they have to sell energy from their already installed solar+storage projects. Money in the bank.