ECOtality Shares Plunge Over 70 Percent On Disclosure It Is Near Bankruptcy
August 12, 2013 at 12:19 PM EDT
Shares of electric transportation and storage company ECOtality (NASDAQ: ECTY ) plunged over 70 percent in Monday trade as the company disclosed that it may be unable to meet its ongoing obligations and fund its operating losses. The shares were halted five times Monday morning due to the volatile
