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eMagin Corp. Message Board

  • Networthdev Networthdev Mar 21, 2011 10:12 AM Flag

    PANL interest in EMAN?

    PANL is a leader in developing and delivering state-of-the-art, organic light emitting device (OLED) technologies. They are selling 5 mill shares, any thought EMAN could one company on their shopping list. Link to story below.

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    • Mr Sculley has make it abundantly clear that in no way
      is he , nor the rest of his team interested in being
      bought out ..

      my guess is that the warrants and such outstanding dilutive
      instruments are there to thwart such interest from a
      suitor ..

      of course , the spectre of a b/o may be there , but
      down the road , after EMAN has boosted revs to
      say $100 mil +

      later on .. a buyout could be very sweet for all , especially if there are multiple suitors , but
      for now , it would just a super bargain for some
      larger outfit ....

      later .. garce

      • 1 Reply to garceman1
      • 5M shares @40+ would make about 200M - enough to buy EMAN.
        Would they do it ?
        The markets of EMAN and PANL are different.
        The technology is different.
        Their supply chain is different and manufacturing process is different.
        There is no gain for PANL there , only to claim that they are the only OLED company,
        Would they get EMAN as a way to get Mr Sculley to make his magic with the combined company?
        I have serious doubts about all this.
        I think companies like BAE or Northrop Grumman are more likely candidates to buy EMAN.

    • Nope,
      EMAN is not on their shopping list.
      Nobody is on their shopping list.
      PANL is a typical R&D company - they had a great report, but they still losing money.
      Their revenue doubled and they still need more money to survive. They are just selling the news. After i read their report I happily shorted it last week although I missed the spike of 49.
      As for the "leader in developing and delivering OLED" - that what they said. Their financial report has more information about how everybody wants to get OLED displays and not so much about actual contracts.

    • I think it's a little late for that.


    • PANL is not profitable, they are losing money every quarter, they need to keep selling shares just to keep the lights on.

      • 2 Replies to emaningalong
      • They have $65 million in cash today, and are burning about 7 mill per year. Current share price is over $44 dollars, so if the raise is somewhere in that neighborhood, they will have $220,000,000 (less fees) to play with. Their current market cap is 1.7 Billion. All cash or combo of cash and stock is doable. EMAN's cash flow would be very comforting to the PANL guys. Not saying they would be interested or that it would be desirable, just wondering if there would be potential interest. One is more gov. one is more commercial, could be an interesting comb, but don't know either well enough to know if there is any synergy in technology, mgt., etc

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