Emotional. No .Excited yes. This story keeps getting better and better. The priced will follow. The short want to cause sellers thru frustration and fear. Boring. If Neon could release the names of all the Big Companies they're in bed with the stock would be trading at new highs. That news will come. The current price is no reflection of the business climate and Neon its a reflection of how powerful and corrupt the short is. Is still cant get over the destruction of capital shareholders endured and how orchestrated the manipulation was. Someone made a killing and it was ALL blood money. This Country is heading down a disturbing road. Neon is headed in the right direction. At the moment its a secret.
Don't get emotional about stocks…don't. - Gordon Gecko
If you can't stand management and are frustrated with the progress, sell and move on. 5000+ other stocks out there plus you get a tax loss. Life is too short. These guys will be ok. They've suffered from being a small fish in a large pond. Trying to land big companies that don't move quickly and have all the leverage in negotiations. I'm betting the current pipeline justifies the current share price and any additional wins from here will provide a nice return. If not, I knew what I was getting into.
Vinny, I feel your pain. I am out because of pure dumb luck. I had some financial issues to deal with in March. At the same time, when last year's q4 earnings were announced, I expected Neon to be dead in the water for a while, so I pulled out. Another opportunity came along that I felt strongly about and expected to take off in the short term with the plan of buying back into Neon. In addition, I had a partnership buyout to deal with. At this point, my plan is to wait out results from a phase 3 drug trial in this other stock, and if positive, sell some and get back into Neon. I expect this to happen by mid October.
I believe that Neon will come out ok. They need to produce income from these deals. I thought that this year would be the breakout year, but it seems the deals take longer than expected. I agree that Neonode is not completely honest about how long these deals take. In addition, they announce the "deals" but fail to announce when the deals fail, which affects investor trust. Investors expect some deals to fail, but expect management to be forthright about it. I agree with most of your posts, but am still more optimistic about Neon's future than you are. I also agree that Neon must make a reasonable profit from each unit and that q4,2014 is "make or break" with current longs in regards to trust.
BTW, I purchased an HP 8625 printer with Neonode inside. It works great. It is definitely not some old technology like the shorts would suggest. GLTA
No I don't think what we post will make any difference. Its just three things that will. Proof of concept, contracts with potential for large volumes and contracts with big names that can potentially lead to others adopting the tech. Volvo deal is just for proof of concept. Will simplify selling to other car makers. Auto industry is huge but the lead times are long so no fast money to be made but once you are in you stay for long as models tend to have a long life span. Yes they need to be with bigger groups that sells in the millions. Totally agree but its still a very important step for the long term investor if one believe, as I do, that this will support when selling the tech. As for high volume I think HP, Amazon and PC can deliver. HP sells 40 million printers per year. They don't go thru all this hassle of testing and eventually introducing new touch screens for jus a few product lines. They launched with good reviews and its therefore very likely they will follow up with more product lines having this tech. Again it takes time as they sell out whats in stock before introducing new ones to the market. In a years time my bet is that HP will ship at least 10 million printers using Neonode. Amazon is rumoured to release a give away ereader using neonode this fall. If it cost 40 to 50 bucks it will kill the other readers and can potentially restart the demand for readers again. If price is not an issue and the reading experience is better I say its likely they can. I think last time Amazon used Neonode they sold 11 million units and I think Neo had around 6 million in revenues back then. Not sure I am correct but thats what I recall. Back then it was only sold in US and now Kindle is in many more countries so potential market is much bigger even thou competition from tablets is higher. Not sure of anything but I do believe I see signs of serious progress with design wins from a year back becoming products with serious brands in many industry segments
I have been reading vinnywillwin posts for awhile and I really appreciate them. I think vinny is overall correct about the variety of topics he posts on. Most importantly, I agree that it is a race against time to generate some significant revenues before another stock offering or worst case bankruptcy. I am long and bought mostly around $3.65, but added some at $2.90 after the recent CC.
I believe in the technology and am "hoping" that revenue from HP printer sales will slow the cash burn rate. I view the Volvo touchscreen as a great showcasing of the automobile applications, and fully expect all of the automakers to become aware of it, and again "hoping" that they will adopt it. That process will probably take a long time to see any revenues. Maybe, just maybe, there will be some PC or ereader news or something else to generate some near-term revenue. Of all my investments, this is the one that is most speculative and I also have the least confidence in, so I share a lot of vinnywillwin's concerns. I don't like "hoping". I'd rather know something, but unfortunately I think we just have to wait.
Oh and vaxholm2000. How about posting your views under one user name instead of bouncing around from one to another. Whats to point ? If you think this message board will move to stock one way or another, your wrong.. Its the big money that moves the price..
The second video is Kobos waterproof tablet . Although a cool product , is it in high demand and will they sell millions of them ? I doubt it. They even make a joke in the video about being able to use it scuba diving . Just how may scuba divers do you know ? Again, low volume.. The third product is the 13" Sony e-ink tablet. This one, is awesome and has huge potential in the school system but is not massed produced to the public as explained in the video. Hopefully that changes . I could see every grade, high school and college student doing their assignments with these. Anyway, I'm still waiting on further details of the computer deal they were supposed to have been awarded. We need some clarity as to where that is going. Gelbtuch says his hands are tied due to non disclosure agreements. I suggest he use his imagination and try to work around them and provide the investment community with some updates. Oh and what about the lack of insider buying? You know what would be bullish ? Id like to see Reardon buy some stock since all he has done as dumped it. The last time I checked he only had about 7,000 shares and change left..
No , You are obviously wrong . I am a very angry long that has lost a ton on money on this issue . As far as being in need of a business lesson , perhaps Neonodes management needs it not me.. The only thing I need is a lesson on picking better stocks. Watching 80% of the market move up to new highs , many 100-500% in the last couple of years and this one tank to practically nothing is a little more than disturbing .
As far as Volvo is concerned. Let me play the Devils Advocate. I'm hoping that you do understand what a heavy volume selling product is right ? 80,000 units is NOT heavy volume , 8,000,000 or more is heavy volume and EXACTLY what Neonode needs to improve enough to quit burning investors money and start earning it. Come on man. I dont know where you received the $3-4 per device information but even at that , break it down into 4 quarters.. 80,000 x 3 is $240,000 . Now divide that by 4 and you get a whopping $60,000 .. Just why and how do you get excited at that ? With the little money they make off each unit, they need VOLUME !!! Now, if they are in Amazons next tablet or e-reader like is rumored, that may be a start to what they need but just a start. Amazon sells their tablets in volume to EVERYONE not just a few wealthy people that can afford a new Volvo.. If Amazon sells $8,000,000 tablets and neonode makes a dollar per unit then that is an example of what will make money for the investors.. I look at their website daily in hopes of seeing a clue of ANYTHING that may turn the ship around but so far nothing but rumors and HOPE. Its always Hopefully this and hopefully that. Hopefully doesn't make money, performance does ! I do like the fact that they are at least putting links on their website to some of the offerings employing their technology but again are they heavy sellers ? I doubt it . One of the videos is kind of a joke because it shows nothing about the kids tablet but details what you can do with the packaging it comes in .. #$%$ ?
You are obviously a short or need a better business education if you don't see the value in this. Landing a deal with a high-end car maker like Volvo is a fantastic proof of Neonodes technology. Apple is also involved as a supplier so Neonode is in good company. Neonode has repeatedly over the last year said the auto industry will be an important market landing deal with both suppliers like Alpine and other unnamed Auto makers. Auto industry has long lead times but finally we start seeing the results. Volvo hope to sell 80000 per year of this model and at approx, US$ 3-4 per device its clear that the marketing is more important than the revenue. I also believe the SA article will have a hard time insisting IR is an obsolet technology when Volvo, likely Amazon with the new ereader coming soon, PC makers, HP, LE, Samsung etc are part of the Neonode customer pipeline.
Looks like Neonode's big partner HP is about to make some acquisitions...NEON a prime candidate
Excellent! The great reviews of the touchscreen combined with some good revenue from HP printers could start the rebound.
Volvo doesn't generate enough revenue to put in your eye for Neonode. They need a hit product or several hit products selling millions of units to make a difference. If they were to land a high volume auto company , that would help but Volvo just doesn't cut it in my book. They are loosing revenue from the ereader end so unless some of these deals that have been made over the past 28 months start showing up as products on the shelves they are going to die a slow death as they burn through the investors money trying to make this work. I find it amazing that if they were confident in their plans to "shake up" the computer industry why are the insiders not buying more shares with the windfall profits they made last year ? That doesn't jive ..
I was at the sneak peak. Its an IR touch. I asked one of the Volvo reps who the supplier is. They confirmed it was a Swedish supplier but were unwilling to give out the name
The redesign looks pretty cool to me. Could be enough to generate increased sales. Admittedly I wouldn't spend that kind of money on one. Very happy with a 2014 Dodge Durango for far less money, but I wish I had a bigger, sharper resolution, and overall better touchscreen.
"But the most eye-catching feature is likely to be the 12-inch vertical, or portrait-oriented touchscreen display, the industry’s largest with the exception of the screen in the Tesla Model S battery-car. Using a new HMI, or Human-Machine Interface, it’s designed to intuitively handle virtually all vehicle operations, from programming the navigation system to operating the built-in WiFi hotspot, as well as audio and climate control systems.
While Volvo officials acknowledge the rampant complaints about other touchscreen automotive systems, they insist the extra effort they’ve put into the Sensus interface – aided by its tablet size – should overcome such problems with the XC90."
“It was something we discussed heavily, aggressively,” acknowledged Ingenlath.
I saw another internet review that described the touchscreen as "capacitive". I believe that reviewer is incorrect and doesn't understand the Neonode technology is infrared technology. I have not been able to positively confirm that Neonode is still working with Volvo. Does anybody know for sure? With the large screen size there would be a definite cost advantage with Neonode.
Todays sneak premier of new Volvo XC90 reveals Neonode is supplier of the touchscreen for the cars dashboard. If it works as good as it looks its quite cool and will raise the bar for other car makers.