Short time work does not mean layoffs. It suggests a reduction in work hrs across the entire workforce. Reduced paycheques can be padded with public support. Allows company to keep highly trained employees and still maintain some production. Very difficult to do a full layoff in Germany. Costs to company are high.
https://www.lw.com/thoughtLeadership/short-time-work-in-germany
New IR person said EFL is legally bound to announce LOI's and MOU's.
You had to know, with lack of any news, "they" were going to get together at some point in the lull and drive the price down. Shorts are "usually' in possession of more info than most for whatever reasons. To see the last 2 short reports increase, required special comittment. Funny how it traded sideways for 4 mths + and then all of a sudden, someone(s) decided to tank it in one day? Makes one wonder. I believe this was a concerted effort by a number of Brokers. Seen it before too many times.
Also, not surprized to see the price swings at this point. Still a volatile penny stock with possibility of bought deal/finacing. Many people still sceptical about the outcome here and the how they are manging on such low cash levels. What are Q4 revs?
