Its almost like the story is decoupled from the reality.
The story has been presented but the link to the market place is broken.
There is the company, the customer, the battery market, the battery technology, the shareholders - but the business plan does not seem to be joining all the dots.
Why the continual massive offloading of shares driving the share price to its knees. Is there another agenda at play here. If so, what is it and by who. Surely the retail investor is not forcing his investment to these levels.
They do not appear to have made any negative announcements. In fact most of the comments have been positive although the deals looking like they were written out of text book manual.
The share price since Feb 18 has just been driven into the deck.
The whole scenario is just not making any sense. There has got to be a reason why the collapse.
Or is it that market sentiment is such now that unless you put up in the micro cap space- you will be dragged back to a penny dreadful status until such time as you walk the walk.
Maybe promises of a rosy future do not cut the mustard any more.
If that be the case, the first priority is to get ONE customer to use ONE battery that demonstrates the technology works.
No good running around setting up conditional deals with opt out clauses written all over them. They are not worth the paper they are printed on.
First priority appears to be a mass market such as scooters. Will get a bloody battery manufactured, put it in a scooter, test it, and if successful tell the world. If not then Houston we have a problem.
UTR Price at posting:
0.8¢ Sentiment: None Disclosure: Held
