Da Cheif is a trader, I doubt he stays in these without stops for three years or so, in early 2000, I wa quite bullish on VLNC myself, until it broke its bullish pattern. Hey, I remember calling for the bu$$ at $500 (pre the 4:1 split), by the way, it did get there (g). I have been known to be outrageously bullish, but I am flexible enough to change my mind, I am sure Da cheif follows a similar philosophy in that respect.
I think that those following VLNC are under the impression that Li-polymer will find its way as an automotive energy storage system. I think it is a dream, by the time they finish peeling the onion (and operating under the hood of a car is a very demanding environment, promising many onions, we are talking not only the shaking and multiple "g", the temperature range requirement is -40 F to 160F at least), fuel cells will have captured that market. They lost the window some fve years ago when they failed to get Delphi to make it work. I now read that the new direction is back from reliance on licensing to manufacturing typical Charlie Brown attitude), if indeed that is the new directions, OyVey, it so happens that manufacturing requires something called working capital, typically at about the rate of at leat one quarter of sales, it also requires high yields to be profitable and last, apart of working capital it requires capital investment in production facilities (some of which they already have, but does it work? if yes, was the write off during the last year?)
Zeev
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