The cyclical nature of this stock obviously does not sit well with short term holders. Looks like we will have to wait until July for this to go back up, after they make some announcements to confirm they have revenue and strong customers. If they can confirm these two items this stock will move up again and the shorts will leave it alone. For now the shorts have won as the company has not instilled enough confidence in the investor base. May be time to buy more if you are long term on this stock
MEEC: CEO Interview, Rick MacPherson, March 7, 2017
Dave, Unfortunately this company is caught in the perception that they are going to get wiped out with the canceling of coal regulations. This perception does cause a problem for the long term holders of this stock. The shorts are going to win this battle. It would be nice if the company came out to explain that they have equipment installed and contracts in place so their 2017 revenue is 80% solid. Their recent release was suppose to help people feel comfortable about their situation however they did not provide enough detail to justify what they said. So the iffy people have been selling. It would also be good if the company came out with some releases talking about the potential they have in foreign markets such as china or india who burn alot of coal. At some point they will need more money to fund growth and then their main investors will have to push the stock up again to make it a good deal for the company.
Alterna improved its equity position in the company, still a very large investor who is controlling this company, they will build this to sell it. Expect a buyout when they have more customers and a larger revenue stream