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This stood out for me, a quote from the CEO Us Vanadium.
"By combining our abilities into a joint venture, we plan to make safe, reliable and economical battery systems available to a dramatically growing market hungry for alternatives to fire-prone lithium-based systems"
It backs up what Larry has been saying for some time. With new legislation and this hook up, it should be much, much easier to gain traction in the US. Something that will not be lost on US investors methinks.
It echos what Larry has been saying for the last couple of years or so. I believe he is correct but we have a problem and that is initial price. It's getting closer to lithium, and certainly over the life of most projects it works out cheaper overall, but too many potential customers are thinking short term IMHO as half of the managers won't be in the same place in 5-10 years. The other problem is that lithium is the go to product and we have a "nobody ever got the sack by buying IBM' scenario.
It's a tough one but I have the feeling that if IES can get a few more orders it will attain a more established main stream reputation and people will be more confident about placing orders.
I may be wrong here but something is stopping orders coming right now.
All true. I wonder how many, if any, orders have been delayed until this act was passed and the details are known. We might have a wait a bit until they decide how the cake is going to be divided.
Thanks for that Phimx. I was talking to someone on another BB who said the same thing. I got it all wrong in what I thought. FYI a guy on another BB says he has been off loading 300K since June in 25K batches. He didn't say whether he had finished or not. I should have asked him but it can't go on for ever at that rate. Others might be off loading as well for all I know.
Look at the "short interest" on this site.
https://www.otcmarkets.com/stock/IESVF/quote?utm_source=twitter&utm_medium=Social&utm_term=&utm_content=&utm_campaign=OTCQX+Newly+Trading
I can't understand it although it looks like there are long shorting positions. Can anybody interpret it?
https://thestockmarketwatch.com/stock/?stock=IESVF
https://www.otcmarkets.com/stock/IESVF/quote?utm_source=twitter&utm_medium=Social&utm_term=&utm_content=&utm_campaign=OTCQX+Newly+Trading
GDCol and Murdo McSponge found these 2 sites so we can watch what is happening over there especially after hours here. Not much going on there at the moment but it's early days.
It's my understanding that a shorter pays a fee to a person holding shares to borrow them. That person could either own the shares or, more likely, just be holding them for somebody else. In other words they could be borrowing our shares to short them in the Market. It's legal but totally immoral of course as the owner of shares suffers every time his shares are borrowed.
If the SP goes up then the shorter is caught out and they have to buy back the shares if the holder demands them back. If the holder does not demand them back then the shorter can take a chance that the price will go down again. In fact they might choose to wait until the share price stabilises and then start borrowing even more shares and selling them, trying to force the price down and so mitigate some of his losses. As you can see, it can be a complicated business but these guys are experienced at this and have more strategies than the ones I've outlined here.
Bottom line, unless there is news of progress or value adding, the share is very vulnerable. In this respect IES shares are a shorter's dream IMHO.
I was reading about some shorting tactics and apparently they often put in a large sell order, to scare holders in to panic selling, and then withdraw the sell within a short time. The large order today certainly fits that pattern. Maybe the shorter, I'm now convinced that is what it is, is getting frustrated by the lack of downward pressure experienced in the last few days. Make your own mind up about that theory.
It would be nice to hear an update on how things are progressing in California. Here's an article which talks about the requirement, by legislation, to instal storage and how much might be needed
https://www.utilitydive.com/news/brand-new-problem-california-grid-operator-long-duration-storage/621637/#:~:text=Around%203%2C100%20MW%20of%20energy,Commission%20(CEC)%20workshop%20Tuesday.
That 25K seller has been going on for months it seems.They must have sold a significant holding by now which might well be big enough for a notification.
On the other hand if it is a shorter, they've made quite a bundle so far but, at these levels, they are leaving themselves exposed to a run of significant news items which has been on the cards for while or am I dreaming.