Short this crap. Zenn the Canadian car company just got owned by the idiots at EESTOR. EESTOR claims to have made an energy storage unit with far higher energy density than lithium ion batteries, but their latest press release basically says they actually have nothing. The whole thing was probably caused by a physics miscalculation (ive been following this since 2006) and it all came crashing down.
Zenn owns and equity stake in EESTOR, and the EESTOR story is the only thing driving this stock. Its diluted shares way overvalue the company at 164 million CAD. The company is worth a quarter that, optimistically. My latest call (RBCN) is down >5% since my call, and its still a good short.
eestor press release
http://www.marketwatch.com/news/sto...6D95CC-0C6B-4734-83CB-990B4451270C}&dist=hppr
eestor pump and dump blog
http://bariumtitanate.blogspot.com/
rubicon tech thread
http://elitetrader.com/vb/showthread.php?s=&threadid=132632
Zenn owns and equity stake in EESTOR, and the EESTOR story is the only thing driving this stock. Its diluted shares way overvalue the company at 164 million CAD. The company is worth a quarter that, optimistically. My latest call (RBCN) is down >5% since my call, and its still a good short.
eestor press release
http://www.marketwatch.com/news/sto...6D95CC-0C6B-4734-83CB-990B4451270C}&dist=hppr
eestor pump and dump blog
http://bariumtitanate.blogspot.com/
rubicon tech thread
http://elitetrader.com/vb/showthread.php?s=&threadid=132632
