They are dealing with multi billion dollar companies. The contract they will potentially get is for 20+ years to 25 years. Those enormous companies will do enough due diligence before signing such a contract. As you can see, GEV is dictated by their timeframe. I'll give GEV time beyond September. No news is not always a bad news. You see few posters here downramping GEV. Their main justification is "price drifting down" and chart. Personally I don't consider present price action or chart tells anything about GEV'S future. Price is going down mainly for 3 reason. 1. Impatient holders and day traders who really don't understand the enormous potential for such contract and downramp for their pip trade. 2. Wrong sector, market consider GEV in energy sector even though I think they are just gas transporter. 3. Key person from regal retired 5 months ago. He used to deal with all energy stocks within regal. Once he gone Regal has divested all their energy stocks. As you can see it's unloved sector and those who wants to get out have to dump on illiquid market, resulting drifting down.
However, if GEV can manage to sign a deal, market will soon discover 20+ years and billion $$$ contract terms. Will re-rate GEV to billion dollar+ market cap company. 1 billion market cap will value $2 per share. And that is considering all dilution. As you mentioned in your previous post, "once one giant will sign a deal after all due diligence, others will soon follow." Let's wait for that day and keep buying at these throwaway prices while we got the opportunity. Those downramper are doing us a favour only they are not aware. I got a small buy order at 5c now and will be able to buy more on Tuesday. I hope (for selfish reason) GEV don't release any good news by then.
