Sunvault Energy Inc (OTCMKTS:SVLT) Losing Altitude

[[tagnumber 0]][[tagnumber 1]]Sunvault Energy Inc (OTCMKTS:SVLT) managed to keep its ground last month and continued to hover around the 70 cents per share mark. After our most recent article about the company we saw its stock gain some advantage and continue in an upward direction through the first days of this month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This may have had something to do with the June 1 announcement that Robert Murray–Smith has joined the company’s Board of Directors. If you remember, Mr. Robert Murray–Smith was the person who uploaded a video on YouTube on May 26. The same video we talked about in our previous article, the one about the 1 MegaFarad capacitor.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The hype, however, only managed to push [[tagnumber 10]]SVLT[[tagnumber 11]] to a high of $0.96 per share on June 8. Since then we have seen the ticker slide down the charts. After all, Mr. Murray–Smith stated that he was two or three days away from creating the 1 MegaFarad capacitor since he was in Canada, working with [[tagnumber 10]]SVLT[[tagnumber 11]] and Edison Power Company, an entity that was established in on April 1, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These “two or three days” have long passed and there haven’t been any news concerning the mentioned 1 MegaFarad capacitor. Furthermore, we are very curious how an entity that was established just 2 months ago can aid such a leap in science (referring to Edison Power).[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The latest session saw [[tagnumber 10]]SVLT[[tagnumber 11]] drop 12.66% and close at $0.71. The volume was more than two times the average and the 248 thousand shares that changed their owners generated $187 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Even the June 11 press release only managed to halt the descent of the ticker for a single session. Considering all this, you should approach [[tagnumber 10]]SVLT[[tagnumber 11]] very carefully and do your due diligence before putting any money on the line.[[tagnumber 2]]