This video is a huge reason why invested in OLED (PANL) many years ago. My thesis was that people are visually orientated, and they will make purchase decisions based solely on how something looks. A big investing risk was that OLED would not Improve enough so that purchasers could see the difference to make a purchase decision. Looks like Samsung has done it, and that risk is gone. This video should scare the carp out of Apple, because Samsung will do the exact same "Pepsi challenge" demonstration on the showroom floor.
Lest we forget, the Apple generation 6 ipod had a clunky LCD screen and could be used as a watch. I won't forget CNBC hoopla proclaiming it was THE Apple watch, when it was actually a brick roped to your wrist. There is no way Apple is going down that path again. Second time is a charm, by October CNBC will be finally, for the first time, be forced to say something nice about OLED.
I know all the shorts and some of the longs are just interested in grubbing money out of OLED the stock, and can't understand why someone held the entire time, but the reason I invested in OLED in the first place was that I just wanted to be a part of a growing company from the beginning. If the shorts think I'm selling over a little share price action, they're flat out wrong. Its been a joy seeing the technology improve, learning from the board experts and seeing OLED become a profitable company with products on the shelf that I can (and did) buy. Just being a OLED holder has been worth thousands of dollars to me, you just don't get an experience like this in a boring mutual fund. A few dollars in share price action will not persuade me to sell my shares. Thank you OLED yahoo board experts for your periodic contributions, I really appreciate them. What do I eventually want out of OLED ... I want to see this company become widely recognized as the success that it is, and until that happens ... I WILL NOT SELL.
Seems like the folding technology kills at least four birds with one stone, (1) makes unit lighter with no glass, (2) much more transportable, (3) less prone to screen breakage and damage, and (4) easy to make waterproof, just seal the edge where it folds in on itself. Am I missing any birds, other than the mid finger bird from Apple fanboys?
A case of the second mouse gets the cheese. I'm starting to become convinced "the second mouse gets the cheese" is the basic business plan of Wall Street. Let the early birds show you where to go, allow them time to overextend themselves, use some disappointment to take them out on stretchers, then mop up.
The lesson is never buy the OMEX announcements of course, its a suckers bet. That said, OMEX lost 50 million by not getting the G right on the first try, because silver dropped so much in a year. In retrospect, that was to much to lose, perhaps the final nail in the coffin. Things could have been a lot different, the opportunity was there and slipped away. Small companies in big debt just can't afford to screw up like this. ANyways, thanks scrappy for helping me to exit this pig before I lost more than I did it was a valuable learning experience with lousy, non-shareholder attentive management.
1 million per year is obnoxious for a job that should be a hobby. A warning buoy with flashing lights should be placed on OMEX stock to warn newbies of the extreme investment hazard in this area.
Trying to come up up with the best analogy for the price OMEX shares, as I don't know what the share price represents anymore, I think the best would be the NFL dynasty league fantasy value of an aging NFL WR coming off multiple major knee injuries who never had any good years but had a couple highlight reel catches (overturned on replay though) in his career. Speculative minded Dynasty leaguers would set a minimum value of 1 buck for this WR in the hope his has a good game early in the season so they could flip him immediately. As the year went on, and nothing happened, eventually the value of this aging WR would sink to near zero by the end of season (December 31). It might rise to near a buck for a few players starting next season but if nothing happened it would sink to zero immediately.
it goes without saying OMEX is probably no place for conservative, non-insider, long shareholders IMO.
I think you are talking about a normal company. I've never seen OMEX do anything to defend shareholders, not once. Its quite fascinating, I they they actually despise shareholders, but it may just be the nature of the treasure hunting business. Truth be told, I suppose if I was an OMEX insider I would despise armchair treasure hunters too. What do fat shareholders do to physically put treasure on the deck, nothing.
But shareholders will not see any of that value, they will only see pictures, too many past sins to be paid, in fact armchair treasure hunters are already down 40% on this adventure.
Given a choice between throwing the Heart of the Ocean Titanic necklace overboard, and buying OMEX stock when a recovery is announced, I think I would choose the former.
It's not a lie if the headline reading bots believe its true.
Its kind of funny and karmic that the US government screwed OMEX on the Black Swan and now the US government will get screwed in return because OMEX has so many losses they will not pay any taxes on the Central America gold.
Whatever is found, long term shareholders, being stuck in the OMEX bilge, will never see anything they find, because they never do. The best a few long term shareholders can hope to do is escape the bilge in a quick trade, no profits or minor losses but at least still alive.
Horrible company, retail should not invest here, unbelievable that management has the gall to grant themselves options lol. Apparently in the hopes they can snare some profits in a quick trade, but that's not what options are supposed to be for. Long term shareholders are last to receive information, last to get paid, last at everything except paying for stuff like a new boat, they will be first to pay for that, shareholders just don't stand a chance.