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GigOptix, Inc. Message Board

  • x993231 x993231 Jan 30, 2013 11:10 AM Flag

    You guys have to hate me when I point this out

    Aggs you are correct, Avi had nothing to do with inventing the EO Polymer, if you remember it was invented by Larry Dalton at the University of Washington and THEY HAVE SOLD ALL ownership, who would know best the potential of what they’d invented? Basically the Polymer was Given to Gig along with 6 million in the bank (tax payers money federal grant, oh that money gets backed out of the charts later) to run the company for a while. If you remember Avi started the company with the assets given by Swenson of DBSI that declared BK shortly afterword’s. When the U of W sold all ownership that was all that I needed to know.

    Good Luck adjusted for Avi’s first 1 for 8 reverse split (when they gave it to Avi and it was kicked off the nasdaq) you guys are at a quarter down from like 60 Bucks in the good old days.

    Please feel free to correct me on ANY of those points or say that it is OLD news, but dude if the foundation isn’t any good then …… What Do you Really have?

    You guys can get mad at me for pointing out the facts but the facts are what the facts are, U of W sold all ownership, Gig was basically paid to take the technology, they got kicked off the nasdaq, CFO’s quit, 1 for 8 reverse split with another (1 for 3 to 1 for5) approved just waiting for the shoe to drop. Revenues are down, Employment numbers are down. Prior gvt. Revenue numbers are backed out to make it appear that the trend line is headed north , Avi is selling faster than he is awarded, yadda, yadda.

    It is OK if you believe in it but honestly based on U of W’s actions (they have like a billion dollars in the bank) they do not need the money and trying to convince us that this is a viable technology is laughable.

    Good Luck

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