From what I heard on the radio Sunday and I have read in the business section of the AZ Republic..
Let me say first that the DOE could rescue ECTY, but it seems less likely as each day goes by ..
Sunday on a radio news channel in Phx. AZ . they announced that Ecotality based in SanFran. could soon file for BK and abandon the E-Car charging network ...
How does the government allow the E-Car charging network to be abandoned ... I liked my lifeline where I was always connected to the Blink garage charger network and they would come out and fix my charger when ever there was a problem, now I feel abandoned by the government if it does happen ..
I would hope that the government does something fast, but it is the government ..
My guess is that the DOE is either waiting on Ecotality to abandon the network so they can reassign it to another company to manage it or the DOE is still negotiating with Ecotality who has their BK cards on the poker table..
If they build a quality product in the first place, they would not have had to fix your unit so much. Just think of all the rework / fixing they did and bill the government / taxpayers got. If they build a quality product, they would have build out at least 10% more of their total network of 14k. Sad....
Do not worry it will be reassign to a company who will take it to the next level. I cannot believe anyone thinks this is Ecotality except the non-financial stock trading suckers who played with this wreck.
I was not trying to scare people with my post .. I do not own or short any shares of ECTY .. I just thought it was odd that it was announced yesterday doing a news update ..
I thought ECTY had released info. over the weekend, that was going to come out today ..
The papers had been releasing ECTY news, but this is the first I heard it over the radio ..