I say mind-blowing. Thanks Espinsight. The fact that the product's significantly cheaper is enough to cause excitement in itself. It is the oldest strategy for a competitive advantage in the book (and effective I may add). The additional qualities are what makes this even more so. And for those doubting the product/ability to replicate, I look forward to your IPO... that is after you have engineered the product, performed the trials, had the product approved by a state transport department, received capital incentives and built the lab... even for an established firm this is a LONG way off. And what if a competitor comes along (again unforeseeable for some time), EDE will need help servicing the world-wide demand. No company monopolises any market! And who knows what else EDE will have achieved by then! Although some of us have a few ideas... @mickmaw
As we all know, Warren Buffett said... "The stock market is a device for transferring money from the impatient to the patient..."
There's a reason the SP is resilient... why would holders re-buy if they didn't see the SP recovering; as they realise the fall is from fear and trailing only. Looking forward to the next ANN. I'll just leave that there...
EDE Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
No company monopolises any market! And who knows what else EDE will have achieved by then! Although some of us have a few ideas... @mickmaw
(20min delay)