Total agreement. And frankly, all the PR and buzz coming from the Company about their EV efforts is a bit of a red flag for me. I hope they don't spend their M&A dollars in this area. I would much prefer they beef up their smart tank/smart gas/telecom divisions and fill any capability/product gaps they may have which would significantly help elevate the Company's growth rate, revenue and profitabilty profile.
I'm keeping a close eye on this. I think all the IQST chatter about EV bikes is actually holding back it's stock value. The Company appears to have fixed and cleaned up their capital structure and assembled a nice leadership team, but IQST isn't in "clear sailing mode" yet commercially.
This stock could see epic rises in price if the institutional crowd began to believe that IQST's revenue ramp would switch into step function growth mode via higher multiple end markets served (EV bikes will never get the premium market multiples that EV vehicles/trucks do in my opinion), and move out of the healthy incremental growth mode it's currently enjoying now.
Just my two cents.
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