Drop coverage: EHT.V, YFI.V & IZ.V



EnerDynamic Hybrid Technologies (EHT.V) - Recurrent delays of the Ghana project (among others) along with the growing numbers of JV partners reflects a pattern of "moving targets". Consequently, the impact on revenues will increase the likelihood for further financing and debt conversion. Coverage history is available here.


Edgewater Wireless (YFI.V) - The inability to generate material interest continues to affect the bottom line. More importantly, the extent to which the addressable market can be captured given the current fiscal position remains questionable. The recent investor update provided was at best unconvincing. Historical coverage can be found here.


International Zeolite (IZ.V) - Persistent lack of communication with the market weighs on valuation. Unfortunately, the current outlook is reflective of past results obtained on the Enterprise side. Coverage history is available here.


Hence, we are dropping coverage of the above mentioned companies - effective immediately.

DISCLAIMER: The work included in this article is based on current events, technical charts, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The content of rally is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions - rally cannot take responsibility for your investment decisions.


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