Well, what actions are you speaking of? It is clear by the filings that they are making small deals, increasing customers, and getting grants from the government - work is still progressing on several fronts - including the battery anode tech….
so, the company is operating and there really isn’t an exact “lack of” action by the company other than a “lack of”communication….
The question is “why” - Why does the company not communicate its progress with investors? Is it because the company used to have a much higher M/C so they don’t deem deals worth less than $1M “material”? Is it because, as Mr. Z famously said, “we are not stock promoters” and they misunderstand their duty to investors to disclose material events?
Or is it truly more purposeful?…
I think the grant from DOE last year is telling - $200,000 grant (free money) and what about the CARES Act “loan” (more free money) they received in 2020? These add up to a considerable amount if you look at it under then lens of the M/C of the company at the time…but never any PR announcements…
All in the filings….eventually…but not announced at the time…but after 6 months after the stock had fallen back to .01, they tout the DOE deal at the annual meeting…
Strange behavior…
there has to be a rhyme and reason to it…
I find the institutional ownership in this company very interesting- for a company with massive debt and no news - like ever - it is really interesting how much ownership institutions have here - IBS (like the “The IBS Turnaround Fund”) and Kingdon holding 40M shares combined - much of these shares purchased when the stock languishes under .01 from time to time…
I believe management is well aware of this and cares more about what is in their best interests than putting out small-fry PRs to prop up the stock a couple of cents if they don’t have to…they want the stock to be cheap until they have something truly major…that is the only thing that makes sense.
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