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Ecotality, AŞ Message Board

  • ajcee ajcee Sep 4, 2013 8:00 AM Flag

    And the beat goes on...

    Evidently, the posting of earning report days concerning ECTY are meaningless. I don't believe Yahoo or others are arbitrary in date selection but that ECTY furnishes a date with the intention of an announcement which it fails to keep because its struggle remains unresolved..

    My expectation is that a declaration that they have filed for bankruptcy will be forthcoming without further warning or otherwise they will announce a conference call if a workable solution is determined with the DOE. Prospects of a buy-out are very dim, unless Tesla decides that expanding the current infrastructure
    will benefit their projection of increased EV production. Anyway, the beat goes on, weakened though the pulse may be, and in their death struggle, investors are of least concern.

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    • saltwaternurse Sep 4, 2013 8:39 AM Flag

      I'm sure you're right in your assessment, though I still remain hopeful that whatever recovery options they have been scrambling to put in place aren't yet off the table. An update of any sort would have been welcome, even if it were just that all negotiations were incomplete and ongoing and therefore nothing definitive to report. But even in the halcyon days, they sucked at communicating. If BK was inevitable with no chance of another option, why not just swing the axe two weeks ago? It's frustrating from our perspective, but I suppose as in any "Crash Code" situation, the family are of the least importance until it's either successful or fails. I think I'll give it another day or so, accept defeat on this one and exit my position with whatever I can salvage. Good Luck!