82nd consecutive quarterly loss posted.
3rd consecutive quarter of sharply declining revenue.

Balance sheet - worse than ever.
Assets down to $23 million, which includes a receivable for an insurance payment of $3.5 million which they aren't even sure they will get.
CURRENT liabilities (liabilities due in less than 12 months) exceed current assets by $11 million.
Total liabilities exceed total assets by $75 million.

R&D expenditures even lower (now down to $1 million per quarter).

Two scooter customers (Segway and Oxygen) generated 71% of revenue. No other customer generated as much as 10% of revenue. All their other customers combined generated 29% of revenue So despite all the touting of VLNC batteries powering trucks, cars, planes, boats, utilities, floor scrubbers, etc., any revenue from these alleged customers remains a pittance.

VLNC has now managed to turn $570 million of investor's money into NEGATIVE $75 million of shareholder's equity.

The above is directly from real numbers on real financial statements as filed with the SEC. I will now turn the floor back over to the Boiler Room, who will assure us that big things are just around the corner, as they have been doing 24/7/365, 600,000 posts on this board over the last decade.