problems...The company that installs the Blink chargers in garages and public roadways..
I use to trade ECTY for close to a year and quit trading a few months ago after I realized the huge cost in production and installation of the chargers..
About six months ago they had to raise more money by issuing more shares @ $2.50 a share..Today those shares are worth $1.00 + a share..
They are going to need more money in 2012 both to pay administration cost and the $100 million grant that is suppose to help build the QC market..The problem is there is not enough E-cars on the road currently to even come close in helping ECTY cover the cost of the QC project..
I see both a huge issuing of new stock (20 million shares)in 2012 and a major partner coming into play..They need someone like GE or another large company with a lot of cash and time on their hands..
I use to trade ECTY for close to a year and quit trading a few months ago after I realized the huge cost in production and installation of the chargers..
About six months ago they had to raise more money by issuing more shares @ $2.50 a share..Today those shares are worth $1.00 + a share..
They are going to need more money in 2012 both to pay administration cost and the $100 million grant that is suppose to help build the QC market..The problem is there is not enough E-cars on the road currently to even come close in helping ECTY cover the cost of the QC project..
I see both a huge issuing of new stock (20 million shares)in 2012 and a major partner coming into play..They need someone like GE or another large company with a lot of cash and time on their hands..