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Didn't take long to drop after yesterday 😒
The Regenerative Shock Absorber
In a significant leap, Guident secured a paid proof of concept agreement with a tier-1 tire manufacturer. This collaboration resulted in successful tests and detailed reports for the regenerative shock absorber. This technology aims to manufacture electromagnetic regenerative shock absorbers with high energy densities that can recover a vehicle's vibration energy, otherwise lost due to road irregularities, vehicle accelerations, and braking.
I'm weighing up averaging down a little but for every positive I come up with I find a negative! My fingers hovered over 'buy' multiple times.
On the positive I have the current NAV, the companies are looking very promising, there is cash in the account and sentiment has to change at some point.
Negatives, I don't trust them not to throw a raise out for no reason and drop it down to 7p or something stupid, current market sentiment towards TEK and the tech sector and the unknown of how long inflation will remain high.
Yes it's a slow day at work as well!! 🥱
I'm sure no one from Tek reads this board or even gives a toss about what we think however instead of bottling this up over the bank holiday weekend I wanted to let it go! Having held here for 4 years now, listened to all the presentations, sent questions in, none of which were asked or replied to may I add, I find myself 34% down and losing faith here, all the bullish words and excitement in the presentations should not be taken with a pinch of salt but a shovel. I'm sure people will come back with 'well sell up and move on' however I'm sat here thinking I've been here for 4 years so why bother just leave it here and let it ride, saves losing thousands and see what happens. The principles stay the same, the ideas are sound but the market seems to be fed up with all the crap that gets spouted by the management and no longer believes a word they say.
Anyway rant over, have a good bankholiday everyone.
I've also submitted questions for tonight, nothing taxing but just above name and blood type!! It was be nice to see some contracts now the raise has been pocketed. Also emailed flag with a few questions and nothing heard from Tim either. Gets very testing.