Street missed some important points about ENER. The cash burn has slowed way down, the tech road map has more milestones coming, ENER IS increasing capacity and lowering costs by running their machines faster, and there's still that unfinished, mothballed facility at Battle Creek, which I suppose can be configured to the latest tech on fairly short notice, using some equipment that has been gathering dust and is written off. The events of the last two years have served to re-shape the company in many good ways and they are poised to make a lot of tax-free profits in their moated niche. IMHO Bubs
>>Ovonyx has been utilized quite successfully by ECD as revenue and income generator, according to the 10K. ECD recorded non-royalty revenue from Ovonyx of $0.2 million, $0.2 million and $0.3 million, respectively, for the years ended June 30, 2010, 2009 and 2008 representing services provided to this joint venture. Unfortunately for ECD, Ovonyx' own revenues have dropped about 38% year over year (based on the royalties received by ECD).<<
He even pointed out that PCM must be nearing the end of the R&D phase.