Do you understand the concept of short covering? The entire short position is 1% of the float. It can be covered in 1 or 2 days of trading. If you want to see a short squeeze, this aint the place to be. Find a stock with 25% or more of the float short. That's a recipe for a squeeze. Now, if you want to claim that there is a large short position in the price of gold itself, then I would tend to agree with you.
They were $80 a share when they were the only ones on the planet with a smart grid solution. Today they are one of many, and the many have more resources than Echelon. Ask yourself this question: Why has Echelon slashed their payroll and expenses to the bare bones? Why is their revenue shrinking while their losses are growing? Think about THAT for five minutes.
toolongelon has no understanding of the markets or business in general, and you make him/her look like Warren Buffet.
When the German Govt tells the US Govt that they would like to have their gold back now because they feel comfortable keeping it safe on their own, and the US Govt response is "We can get that gold to you sometime in the next 7 years, what would a logical thinking person assume?
Climatologists make their living scaring people into believing that human activity is somehow responsible for the weather patterns of the earth. They do this by using data collected over the course of 150 years, even though, according to their own data, the earth has been here for BILLIONS of years. The secret that they don't want kool aid drinkers like you to discover is that they really have no idea what the earth's mean temp was a million years ago, or what it will be a thousand years from now. If you apply the same logic to climate change that you do when placing a value on this stock, science will have a believer for as long as you live.
By the way, let me make a prediction and see how accurate I am. The latest run up in price turned out to be speculators hoping for a buyout. Since I am 100% certain that no buyout offer is coming, the speculators will slowly exit the stock in the coming weeks, and without any new contracts, the stock will be back below $2.5 by the time the next CC rolls around.
Every CC is the same. They are HOPEFUL that someday customers will actually buy their products. They really have run out of things to say since they are unable to ever discuss the latest big contract. So, they are sitting there with their fingers crossed, hooping and praying that they can sell something to someone.
36% decline in revenue for the year, and a 38% increase in losses. If you still think someone is going to buy this company, you have never run a business, have never been to business school, have no business training at all, and should probably let someone else control your money so you don't put any of it into this sinking ship.
As I said before, 5% market share is being very optimistic. Siemens, Toshiba, and GE are bigger and more reputable worldwide. Those 3 will get the majority of the market.
Let's be clear about something. Just because RMS is the only distributor of Echelon meters, that does not mean RMS ONLY distributes Echelon meters. RMS doesn't care how they generate revenue, so they are going to offer their clients a choice of which product to choose. That is where you are getting confused with all these worldwide partnerships that Echelon has. Ryobi has a partnership with The Home Depot to sell power tools, but The Home Depot gives their customers a choice between Ryobi and several other brands. Do you really think all these worldwide partners are generating zero revenue while they wait patiently for their customers to order Echelon stuff?
I wonder which meter they will be using. We know it isn't Echelon because Enel stopped using Echelon meters years ago.
I wonder whos meter they are using. It certainly isn't Echelon since the article clearly states that these meters are not the ones used in Ohio.
Echelon will never be $30. It's a simple matter of numbers. They would have to be doing approximately $2.50 a share in profit. That equals approximately 115 million dollars in PROFIT. If they secure their small piece of Asia and South America, that puts them on track to be breakeven or at best, about .50 a share in earnings. Even if you listen to the biggest kool aid drinkers on this board, you will never be able to come up with numbers that justify a $30 price. At their current trajectory, they will burn through their cash in the next 2-3 years, and then they will have to dilute the shareholders by selling stock to pay bills. The best case scenario for shareholders is that they somehow secure enough sales to break even, then some company with better marketing and leadership buys them for $8-10. I am holding out hope for that, and my decade long "investment" will make me as much money as I would have made if my cash was parked in a bank CD all that time.
SF ELON, can you tell me about these worldwide partners and how much annual revenue they are currently generating? Please don't tell me about pilots and partnerships. Tell me about sales. The Internet of things was an Echelon vision 20 years ago. They had an online app that allowed people to control the lighting in a room at their headquarters. I remember turning the lights on and off from my keyboard. They had apps before the world knew what an app was. Today, every major security system in America has an app that not only controls your lights, it can lock and unlock your doors, turn the water on and off, and open and close your garage door. The internet of things has been a reality for the last few years, and Echelon is nowhere to be found. that's why Google chose to buy nest, not Echelon. It doesn't matter how great your ideas are if you don't know how to sell them. Echelon used to be unique, when nobody was paying attention to smart grids and apps. Today, there isn't anything available at Echelon that can't be bought somewhere else, and the competition has much more effective marketing. You can choose to bury your head in the sand and pretend that the world is about to discover Echelon, but the fact is they are just a small struggling tech company in northern California, and no reputable company is going to buy them and have to explain to it's shareholders why they are adding millions in annual debt to their bottom line.