Mphase claims to be working on a nanobattery that will have a long shelf life. They have numerous other ventures but none seem to be panning out. The stock is around .07 cents and a long shot.
The possible uses of the long shelf life batteries are incredible and that is the reason that I've purchased the stock. The one that I think is the most valuable would be the use of the battery in emergency, police, and military equipment. Think of all the equipment in storage that needs batteries. It sits there for years waiting for the hurrican, etc. Most batteries would loose power during this stage. If Mphase can produce a solution, it seems to me they could make an incredible amount of money.
Another reason that I am long this stock is because of the CEO and CFO have been making regular purchases of the stock. And recently, they have increased the amount and frequency of their purchases.
Friday, October 5, 2007
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