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Ecotality, AŞ Message Board

  • ajcee ajcee Aug 22, 2013 11:42 AM Flag

    Today's "intelligence" report...

    On July 16th Blink showed 3,800 chargers in operation. Today there are 3.982 reported with 230 being used at 11:30AM.

    I also spoke with Kathy Price, IR with little expectation. She repeated what she had stated when I called her a week or so ago that she has no further info than what appeared on the 8-K on Black Monday and honestly, if she did, she would not be able to divulge any info until the company comes forth with a statement.

    Unfortunately, none of the above can be interpreted as "intelligence" since the Blink info at this point is meaningless and speaking to an IR is always fruitless, but just an attempt of an investor who is desperate and holding on to a glimmer of hope.

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    • I think don't think the DOE is willing to loose 100 million on this project. I don't know if ECTY can get out of the loan from the DOE in a bankruptcy. It is possible that the companies announcement on the 12th was a last ditch effort to pressure the DOE to give additional funding to keep the project alive. I believe funding will continue. Also I noticed that one of the major stock holders still has about 2.5 million or so shares. Why did he not sell all of them one the 12th? He might know something.

      • 1 Reply to johnfanous1
      • It is my impression that the government has first preference to receive whatever funds and assets the company may have as partial repayment of its loan. This is what baffles me as to why so many law firms are filing for a Class Action. My guess is they are banking on the company not going bankrupt, as the action will still apply and they can still make a big buck with little investment.

    • Keep focused, this company is a long way from done, to much for too many to lose, including the DOE