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Energy Conversion Devices (ENER) Message Board

  • tumchie tumchie May 4, 2005 2:44 PM Flag

    Royalty thought.

    I wonder how BS would field the following question;


    "Will ENER make a single solitary royalty dime from Hyundai/Kia using PEVE batteries for the US market?"


    <autoweek> Hyundai Motor Co. and affiliate Kia Motors Corp. have moved up their schedule for introducing hybrid cars to the United States. They now expect to do so by late next year, a Hyundai executive says.

    "Probably in the second half of next year you will see some hybrid models for overseas, mainly the United States,"[..]

    Hybrid exports to the United States will be in low numbers -- possibly a couple of thousand per year, Lee says.

    "The number that we ship to the United States will be very few, to see the reaction," he says. "I don't think we can make a profit with hybrids in the United States."

    Hyundai developed the hybrid technology itself. But the company is buying the batteries from Panasonic EV Energy Co., the Matsushita Electrical Industrial Co.-Toyota Motor Co. joint venture that supplies the batteries for the hot-selling Toyota Prius hybrid.[..]</.>

    http://www.autoweek.com/news.cms?newsId=102298

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    • anon...maybe you'll pay a little more attention next time I post, instead of making a fool of yourself.

    • I don't think even a billion dollar takeover would make it worth all the grief ener50 has gone through. As you can see I'm suffering vicariously through you. Thanks!

      Maybe 1.5?

      My thought is that the shorting covering opportunity was at the close when the news hit the wires. Dilution is a non issue. Tomorrow I see sun!

    • Maybe the pluses will equal or exceed the minuses and we'll get even another bit of good news before the earnings release.--ZERO CHANCE---Why does every strategy with this stock have to always wind up being another roll of the dice ?--BECAUSE NEITHER STAN OR BOB KNOW HOW TO MAKE THIS COMPANY DO ANYTHING GOOD FOR SHAREHOLDERS--I just have to get it out of my head that the day after I sell the $1 billion hostile takeover bid by GE is announced.---THATS WHY IM STILL HERE AFTER 21 YEARS

    • Interesting that there was a nice rise in March and then a sharp correction from the first week in April to about the 18th. Then a resumption of the rise. Then some consolidation, and today news of the redemption.

      It makes you wonder how long the process is from initiation to completion, and who might have sold on the inside news ?

      It also demonstrates that all the charting in the world can get screwed by unexpected corporate events with possible negative influence on the price of the stock, especially financial events.

      Better this than another delay in the 10-K, but it might be that the May Call Options are screwed for a while, especially leading up to the CC.

      It is unusual to have so much news prior to a CC. Usually there is about 6 weeks of silence. So far we have a grant from the state of Michigan to Cobasys, another $26-million just came in the door, and another slight dilution.

      Maybe the pluses will equal or exceed the minuses and we'll get even another bit of good news before the earnings release.

      All bets are off on the chart until tomorrow, but there is a positive in that there was increased after hours activity, all of it positive, with one small trade at the closing price.

      The price went to $24.50 today at the opening, and closed at $23.41, which is $24.50 less about the dilution of the new shares, so maybe we'll start buiding a new base from this point.

      Why does every strategy with this stock have to always wind up being another roll of the dice ?

      I'll have to spend more time learning to hedge my bets, although in practice many opportunities for profit taking have been presented. I just have to get it out of my head that the day after I sell the $1 billion hostile takeover bid by GE is announced.

    • You must be related to lostntransparencee, probably watching the 'sugar shack' while they are away!

      Warrants have been well discussed here and the only surprise is the fact that almost 2 million were exercised! (You of course know there are now another million at a new and higher strike price?) This is quite bullish for the stock and will be reflected in the short interest figures to be collected in a week or two. (i.e. shares sold short in anticiption of warrant exercise will be covered, that is they have already been sold!)

      Considering the warrants were worth more 'unexercised' shows that some holders wanted the stock in their hands at the 13.94 strike price for some reason. Perhaps a vote coming up this September? Or to anticipate the possibility of a takeover before October 2006, the remaining warrants new expiration date?

      Keep on the alert for more 'surprises' and say hello to your brother!

    • ENER has been trading "heavy" since the top on 4/27 and I decided someone was shorting the common, but did not know why. Now I know. Why? With favorable news background lately and a good market, I felt we should have traded at highs of early April or made new high, 26-28. volume accumulation gave that objective. After we absorb the wt conversion, I believe the stock will move higher again. A good part of the short hedges are likely already on, volume has been a little too high lately to be natural, signaling this.fwiw

    • Nutech:

      Your two suggestions that I call Jim direct to ask him pointed questions about what is happening at ECD, which he should be interested in answering frankly because I am a very long-term investor, is probably a good one. I probably won't call him, however, because I feel it would be presumptuous to think he should spend his limited time with a single investor. Also, I will pretend to be noble and suggest that anything he can reveal should be revealed to every investor, old or new.

      In addition, I'm not good at phone calls and would surely be unable to probe effectively and follow-up on what he says.

      I have to hope that he plays a lead role in the CC and covers at least some of the ground that we are all interested in.

      If he doesn't, I can always sit on the sidelines and complain on this board!

    • <<Do you not risk being accused of saying, on the one hand, that a statement that reveals little or no information means there is little or no information to impart, and, on the information means there is a lot of information, but it cannot be revealed?>>(jj)

      Jim

      Fair question. I guess what I was trying to say was that I believe that Metzger will provide the most direct answers to questions of the 3 on OUM, unless Tyler Lowry is on the call, and, if he is, that he would be the person to direct the questions on OUM to. As an alternative to questioning him on the call, you might get a satisfactory response by calling him directly. As a long term shareholder, I would like to think he would be sensitive to your concerns and provide whatever info he can without violating Reg FD.

    • "He was even reluctant to discuss OUM in the Q&A. My impression was that it may be an indication that things may be happening at Ovonyx which prevented him from meaningful discussion."

      Nutech:

      As the risk of appearing to be too pessimistic and anti-ECD, neither of which is the case, I must ask the following, which I hope you will accept in the right way:

      Do you not risk being accused of saying, on the one hand, that a statement that reveals little or no information means there is little or no information to impart, and, on the other hand, a statement that reveals little or no information means there is a lot of information, but it cannot be revealed?

    • There seems to be a lot of activity at the 23.60 level, but my screen is delayed.

      I see as high as 23.66, up 0.25.

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ENERQ
0.019Sep 4 11:13 AMEDT

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