Disclosure | Energy Storage Feeds


The 2012 Zenn Annual Ge.......MUAHAHAAHAHAAHAAHA!!!.....neral meeting took place today with Zenn interim CEO Jim Kofman laying......MUAHAHAAHAHAAHAAHA!!!....down the law (remember, he is an attorney) about what comes next in the EEStory.  Firstly, some of the revealed facts.....MUAHAHAAHAHAAHAAHA!!!

According to Kofman, who sounded confident and sober(!),  EEStor will make a public reveal of their technology "before summer" due to a recently struck non-dilutive investment agreement between Zenn and EEStor. The non non disclosure agreement "actually has very specific dates in it. And I guess all I'll say to you is we're expecting this before the summer if not well before that time.MUAHAHAAHAHAAHAAHA!!!"

Whatever will be revealed will be certified by a third party expert. Here's how Kofman described that party (who has already been involved in the review cited in the press release yesterday):

They know a lot about the space. We've been very careful choosing a firm that is extremely well known in the space.  Knows what they're doing. Has been looking at this technology for a long time. And was able to be of significant assistance to us and also will be in the future.  But they are a firm that would be very well known to people who know the space. Very reputable and very independent. And were able to be responsive. who knows a lot about the space.  Firm that is extremely well known in the space. Has been looking at this technology for a long time.

Kofman went on to say "it's coming and it's very specific on what needs to be disclosed.  So we're excited and we think that's probably the most positive development you could look for."

If you've been paying attention, you probably noticed he didn't say what would be revealed.  And T H A T is why we call it TheEEStory.


In conclusion, it appears that maybe possibly Kofman is making sense.  Very possible.

Views: 3780

Comment by Clarity2009 on March 27, 2012 at 6:30pm


Comment by B on March 27, 2012 at 6:33pm

Who is the 3rd party?

What do they already know?

Who is the other investor?  What do they know?

Comment by Burned on March 27, 2012 at 6:54pm

''...the space'' ???   NASA ??

Comment by B on March 27, 2012 at 7:03pm

After giving this some thought, I think the main thing I liked about all of this was that Jim Kofman really put himself out there on this news.  He put his credibility on the line.   Until tonite, I don't think he had ever done that. 

So that's probably the biggest positive about this AGM.   Well done Kofman. You ended a few conspiracy theories with that. 

Comment by Ken on March 27, 2012 at 7:06pm

DW does have a history with them.

Comment by Daniel R Plante on March 27, 2012 at 7:27pm

Yeah, I'm also very much itching to know who the the 3rd party certifier is. That will be critical. I think they pretty much already know everything they are contractually allowed to know, the tech is already evaluated, the report written, and the covenant has an agreement on the date that the trigger will be pulled.

My guess about the other investor is actually a group of private investors. Just a WAG though.

Comment by Jeet Do on March 27, 2012 at 7:30pm


Comment by wcushman on March 27, 2012 at 8:10pm

I already picked June 12th as my guess for the REVEAL date. I'm sticking with that, especially since it is after Cott's options expire. I blame his profligacy, given an unpredictable reveal date, for ZMC's precarious cash situation today. They have cash for 3 more quarters with no reserve to pay the final $500,000 EEStor installment.

Comment by Seslaprime on March 27, 2012 at 8:58pm

Looks like Kofman already knows, and has since his beginning with ZMC, that the EESU has been evaluated and specs confirmed by a competent 3rd party. sounds like a slam dunk. And it looks like he is committing to a complete reveal within the next few weeks. 

I agree with B that Kofman is way out on a limb here.  anything short of complete reveal will most likely send ZMC into the dumpster.

Comment by Mark LG on March 27, 2012 at 9:17pm
Prediction - ZNN will at least double tomorrow.


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