Joe made a compelling argument for investing in RFI. I liked what he had to say about multiple SPD production plants will be coming online and that he knew what model BMW will be introducing its SPD roof (windows?) on. He also mentioned that Hitachi, which has already spent tens of millions on its SPD production plant, may open more plants.
That "critical mass" he keeps talking about is closer than ever. RFI will be a profitable company sometime next year. Hear that tunaturdo2?
Yeah, wow. Wow as in BFD.
So on Friday the 28th the volume is almost a 100K and the price per share drops 40 cents (8%). Volume is all early at high end of the daily price. Could be Craig-Hallum retail brokers are pushing this stock to their clients because they get a "spiff" for the shares they sell from the C-H inventory.
A bunch of the brokers go home early today, to play golf, its 72 degrees and sunny in Minneapolis, and no touts, no cold calls on REFR. They sold 400K shares yesterday. Brokers all had a good week.
I believe C-H is going to liquidating all of their REFR inventory by the end of the October--so they do not get caught holding this stock when the next 10Q comes out. What happens if the Q over Q revenue comes out flat again, like it did last quarter? ANSWER: Welcome to the "terrible twos" Wow.
Critical Mass? Still no production in the two largest economies in the world. Wow.
Alas, poor Didi, I knew him well. Share price fell Friday as end-of-quarter profit-taking took hold after a quite nice run-up.
It's the start of a new quarter. What happens if the Q over Q revenue comes out flat again, like it did last quarter, you ask. First, your "facts" are distorted. Second, we're all looking forward to 3Q figures out in a month and a half. Keep wishing they'll be flat.
And while you're holding your breath, you might want to see the BMW "Cool Shade" that was just unveiled in Paris. It's all over the Internet. A second giant OEM in our corner. I wonder what's happening in Oman? Qatar? Bahrain?