Enova has no hardware or product line. Its sole patent is a scarcely unique power apportionment "system." They have nothing to offer to investors in search of alt-energy investments with a potentially profitable product line. Look further.
I'm pretty sure inverters, converters, gear reduction units and the like are among things that qualify as "hardware". You can stop with the misinformation now.
Enova has at least three patents, not one as you state.
Link to 10-k filed on 3/29/12
"Enova currently holds three U.S. patents relating to power management and control that will expire in 2015. We also have trademarks or service marks in the United States. We continually review and append our protection of proprietary technology. We continue to place emphasis on the development and acquisition of patentable technology. A majority of our intellectual property is contained within our software which we believe is best protected under trade secret intellectual property law. Under such provisions, Enova does not have to publish its proprietary code in order to maintain protection."
Also, the new Omni drive components are Enova designed and engineered and will provide margin expansion and growth trajectory.
(Read 2nd bullet graph)
And by the way, they are "actively evaluating and applying for technology protection on its Omni Drive System. The Omni system contains many areas where Enova will have unique advantages in comparison to existing technologies and the company is working to fully protect these areas." (also from page 11 10-K filed on 3-29-12)
Why would is Lincoln Park Capital committing $10M now to this "nothing to offer" company as you try to say Koryak1?
Link to new funding for growth:
I have traded these guys here and there over the years. Nothing in any size able amount just for the fact that watching them for so long you realize how rigged it is.
I am about break even on her to be honest with you.
I keep any eye on her just like a keep any eye on Remy International ever there.
Elec components JCI and EMR are much safer plays then this penny foolish sponsor shananigan company.
Hey j, I did not know you had been invoolved here that long. That is about how long I have followed VLNC, however I would probably never hold a losing stock that long. Trading it is a different story, I do the same thing with VLNC.
Anyway, as I have stated on this Board, trading volume is definitely a big issue. I have made 2 purchases of this stock, at .36 and .31. I agree with you, there is a limit to what I will hold here, based on the trading volume. I already hold about a half days average volume, and that is risky. On the other hand, this stock is a tiny part of my portfolio, so that lessens the affect.
Happy Easter to you, hopefully we have a prosperous 2012.
I have been trading this POS for over 10 years as well.
Its a turd.
The sponsors are turds. They love to play the game of a pop of 21% up on 300 shares traded for a total daily volume of 7,000 if your lucky!!
They do pump and dump always, anticipate the pump and forget about the rest.
The volume is pathetic and if you don't know the rule about the amount of shares one should own based on "average daily volume" you should learn it else you will find yourself in a pickle jar especially with this POS company.
Agreed. Back up a bit today, I would like to see more volume on the up days, like when it recently ran up to 50 cents. The stock doubled in 2 days on at least 30 times normal volume. Then it pretty much went back to where it was before on lower volume.