BTW: ENER1 LOST $84M in the first quarter this year ...
Wow. President and Chairman resign, and then the CFO and Chief Accounting Officer resign a month later. I’d say those were red flags all right.
In case anyone forgot: ( http://www.nawindpower.com/naw/e107_plugins/content/content.php?content.8843 )
In August 2009, the U.S. Department of Energy (DOE) announced that EnerDel, a subsidiary of Ener1, was one of several companies to receive stimulus funding to accelerate the manufacturing and deployment of electric vehicles, batteries and components in the U.S.
The latest announcement comes two days after Beacon Power Corp., a Tyngsboro, Mass.-based energy-storage firm, filed for bankruptcy and about a month after solar company Solyndra Inc. shut down. Both companies received loan guarantees from the DOE.