alpha-Encorp Executive Chairman’s Annual Letter To The Shareholders
Yonkers, New York, January 23, 2019
It’s a new year.
I’m in my home in Connecticut. I just read a report from our lab. It’s good news; lots of good news. I called one of our directors – someone I have known for thirty years – “Have you read the latest report?” “No”, he replied. “It’s Sunday”. Then I started to tell him all the good things. He interrupted, “If you really feel this to be true, why don’t you tell it to your shareholders.” That made sense.
This is where we were:
Last year we were an exciting new company in perhaps the greatest growth field there is, energy and the development of the battery of the future. Our stock was poised for a run, our new lab was awaiting its completion and we were working with three very prestigious labs, Princeton University, Argonne National Lab, and Cornell University to further develop that technology that our patents-pending embraced. There were at least a half dozen major corporations awaiting data that would soon ensue from this group effort. Then came the typical delays. Our lab was not ready to commence operations because of governmental delays. (Working with Lithium is not like working with oatmeal. If it were, we would never have this opportunity to change the world.) Then eureka – our lab was approved. We started the arduous process of staffing up, more monies had to be raised (as we have never had the joy of unlimited funds) and then we had to collate the knowledge gained from our various partners before displaying our wares to the outside world.