The share price does give a clear pointer to the fact that investors do not consider this organisation to have a future.
It would appear to be a concept rather than a practical reality.
Unless the management can get a battery into commercial use and demonstrate its benefits, the whole operation remains a an exercise in theory. Theories do not make money only noise until the money runs out.
Kobi can travel to every country in the world signing up MOU's and deals based on a stack of conditions - but he seems to be forgetting - he has got to demonstrate the technology offers benefits to the customer.
It seems like he is trying to get the potential customer to take all the risk, plus get them to test the technology and he sits back and waiting for the results.
Basically he has got access to a technology and is trying to flog off the concept without having one battery in a practical application.
Whats the good of setting up a MOU with more conditions than you can poke a stick at, when you have not got one battery in use in that environment.?
He needs to focus on one customer, get one battery in use and successful - then look for alternative customers.
Seems like he is trying to conquer the world with a Uni concept. Uni intellectuals and theory makers are a dime a dozen. The hard part is converting theory to practicality in the real world
Kobi has not done that.
UTR Price at posting:
1.0¢ Sentiment: None Disclosure: Held
