As often happens a share price is moved by hype & not by profits.
The floor standing units only protect 1 room & are too expensive see link
http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=1108&from=38&to=38
ETQ is an ordinary, unexciting air conditioning company & UVGI is an infinitesimally small part of their business because it has hardly started yet.
The floor standing units are not where the profits are going to come from because they are not cost effective.
IF ETQ wins contracts to fit UVGI aircon systems to whole buildings then they will make BIG MONEY but I see no evidence that they are making progress on this.
The lack of decent profits & the issuing of new shares are the reasons it has fallen from the previous spikes of 28p & 15p.
Comments have been made on this thread about UVGI being a solution to MRSA but it isn't.
MRSA is mostly spread by physical contact so handwashing is the most effective way to prevent the spread because obviously no air treatment system is going to clean people's hands for them.
Many people carry MRSA in their throats & so they get it on their hands when they touch their lips.
They touch doorhandles & pass it on to other people who touch the handles so hospital cleaning is the next most effective way (after handwashing) to prevent the spread.
Very few people cough over an open wound & UVGI is not going to stop them.
UVGI can help with airborne viruses & bacteria sooooooooooooo IF ETQ wins contracts to fit UVGI aircon systems to whole buildings then the share price will rocket & over react & some of that rise will be sustainable.
BUT will it ever happen?
So far all we have got is hype on message boards with no evidence that big profits will emerge this year or next year & the current aircon business which at the moment is the business looks a little shaky judging by their track record.
I suppose that we will get more spikes each time there is some news & you might make a profit out of a spike if your timing is just right but as usual someone else will lose by buying at a high part of that spike.
I suggest that the real purpose of the floor standing units is to demonstrate the technology so that ETQ can win big contracts to fit UVGI aircon systems to whole buildings this is the key thing to look out for. If I see evidence of this then I will buy but so far I haven't.
Even if it does happen, don't expect the profits to be delivered this year or next.