A lot of money was invested here. And the ground breaking research is really excellent. But when you look through the 10-K it looks like this is all (the technology, legal and financial structure) being set up as a launching pad built to rocket a few greedy clowns into a comfy retirement, the stock and investor money being the fuel, all burning in the process....Not a good situation for investors like me looking to salvage some of their own hard earned (at least in my case) money.
what debt? The $9 figure 'accumulated deficit' ( $175 million) is not a debt it is how much investor money they have spent (mostly raised through unregistered stock offerings and promissory notes which they were never able to pay back (though it appears they were able to repay their own loans) always forcing me to convert; But then they are burning up those shares by reverse splitting and diluting. It tasted like poison.
If you are referring to the 1.5 million in debt that shows in Yahoo - That debt was a promissory note for a loan that was converted into shares and warrants so that is old data. Sorry to grumble. I am getting impatient having invested a lot here. Time is of the essence in getting this IP to market, so 'where's the beef?'. I was also #$%$ at how much of the company management has taken for themselves. This definitely contributed to the dilution. This is not a business of printing and inflating stock. Let's get on with it. Become the next OLED and I will shut up!
It's gettin better all the ti-ee-ime. I found it very interesting to read it this time. We had a gross operation profit and ended 2015 with a million in cash. Still costing us about a million in cash after operation expenses. I was surprised we didn't have an increase in revenue from all the Doehler activity. A lot of excellent explanation on what the company faced, the challenges and setbacks and I get the feeling that we actually are ready for prime time and that there is an explosion of interest now that can result in contract revenue. I fully encourage everyone to read through it. I feel it is very encouraging to read especially if you are and have been long. I think we could hit cash flow positive in the next year or two but this could become much bigger than that once a few of these balls start rolling!
I am with you on that point. As a shareholder I am keenly interested in when we will actually be cash flow positive and especially some revenue growth would be a major plus, not to mention, accelerating revenue growth which I think we are capable of. When we FINALLY get to cash flow positive I might want to celebrate! I did appreciate the clear explanations and history. It was interesting and if this company succeeds, which I sincerely hope it does, and soon, since my IDND position occupies the main part of my humble IRA, it would make a good case study at any business school on the topic of developing and marketing a new product. I am hanging in there a lot longer than I intended. I still am hoping for this to get to $3.00!!! I know you fear it will go to zero. There is interesting news and new developments and detail in the report for who are interested. I am encouraged even though I have been here before. How long does it take to turn a corner? I hope it doesn't take another 5 years! But if this is widely adopted, I don't see why the company couldn't be earning .25 or even .50 a share someday in the next 5 years hopefully. That would be huge.
I think if Mexico want to tax someone it should be SLW. I took 6 credits of basic accounting in grad school. They are the ones who gain from the transaction! Primero (PPP) is already losing by having to sell Silver to SLW at a low price. Thus for them it is an expense not income. PPP should be able to expense the difference between the sale and spot price as it is a 'payment' for the assets they acquired from SLW. They should not pay taxes on that differences. SLW is the one who gains from the transaction. Don't they have to pay some tax on that *(when they resell it)? I suppose PPP could sell the silver to SLW at spot and then pay SLW the money (the difference between $4.20 and $16.00 and expense that) as part of their payment agreement for the rights to the mine. Taxing PPP for the difference, for imaginary revenue? Technically they really are imagining things. Is Pot legal down there or is peyote the thing? This is a tax and not a theft authority correct?
We were just granted another patent: United States Patent 9,306,184
Forrest , et al. April 5, 2016
Ordered organic-organic multilayer growth
An ordered multilayer crystalline organic thin film structure is formed by depositing at least two layers of thin film crystalline organic materials successively wherein the at least two thin film layers are selected to have their surface energies within .+-.50% of each other, and preferably within .+-.15% of each other, whereby every thin film layer within the multilayer crystalline organic thin film structure exhibit a quasi-epitaxial relationship with the adjacent crystalline organic thin film.
It mentions the Global Photonic Research Agreement. Sounds important but I couldn't figure out what it meant! I can't read Chemistrese.
It sounds like you live in closer proximity to the action than I do, but what you say doesn't contradict anything I read in the report (Hope it happens like you say).
If they don't think the deal was legal then they should find a way to make it legal in a fair way. But as it stands, they approved the original deal and PPP never up to now has had to pay tax on this non-existent revenue as the tax authority allowed them to appeal the tax and let them defer taxes until it finally exempted them. Now, they want them to suddenly start paying taxes on this non-existent revenue? Doesn't seem like the right approach. If there is something wrong or illegal about the deal through which Primero acquired the mines which I doubt, then that is what should be addressed.
The best thing that's happened in the last year I think is our relationship with Doehler for producing prototypes/samples and not just picures. That combined with the rework kits for adpating fillers to our tap and the refinement of the tap to being 100% passing all Pepsico's tests. This bag in box stuff has run into problems as a new technology but I think it sounds like IDND has addressed every problem and it the 'go to guy', 'one stop shop' for aseptic tap/ bag in box packaging including ultra high speed fillers. It sounds like we are in the midst of proving it. Assuming that we prove it is all as we say it is, then I think we have our 10 bagger. It would be cool if pepsico gave us a dry run at least finally and there were no issues and they adopted us. Of course it sounds like there are many others in line now so I think we will be worrying next about capacity!
Plus did anyone notice that the USD is finally strengthening against the CAD? That should help too. But all the metals have been trending higher. I think we tested 1000 a few weeks ago. I think we will blow right through it one of these days.
Any thoughts? Of course it will be said it has nothing to do with the company. But obviously within minutes the market cap of OPVS dropped by 17.65 % on triple the average volume.These days, management performance is measured by stock performance so they know this doesn't make them look effective. But with the lack of cash and lack of progress on revenue, their fault or not, it doesn't surprise me there is some kind of turnaround issue. Where did the $179 million disappear to? It would be hard to lose that much money!
The purpose of management is to create value for the company and not destroy it. Doing nothing destroys it. There is a lot to what you say as we certainly don't want to be suckered by a bunch of handlers and middle men. We need a team that will go out and do something business-wise. It seems this management knows little about social media and marketing because that is the main way people connect these days. If they aren't already connected then they should at least try to have a presence in Social Media.
I hate to belabor the obvious, but why don't we offer our IP to another company who has what it takes to license it, one that is already established such as UDC. Give them the rights to license our IP for a 50% cut? At least that way we'd get something! They know how to market, manage, have their own facility, and have all the cash they need. I hate to see all this IP just sitting there eternally unused and collecting mold while there is a trillion dollar need in this world to use it, while management hides incognito pretending they can't do anything but stay mum while they borrow money and dilute stock. That is not how to manage the IP which is the core of our business.
Instead of doing their own testing they could probably just rely on a spy infiltrating PepsiCo's extensive successful testing results which were indirectly available in our reports at a high level.
$80 ??? For one gallon? You are crazy! We (my family) go through OJ like crazy and dig the NFC Trop 50% low sugar. It is expensive to me at 4 or 5 bucks per 1.5 liter! I CAN GET MY PROTEIN ELSEWHERE. We, the ordinary people, want it healthy and on the cheap. So if they can have a 1 gallon of the same in a bag in box and or a 5 gallon of the same that I can put on the shelf instead of the fridge, that is even slightly cheaper, they have a contender!
I also sold mine after the quarterly report. But I still made a profit. I will probably get in again after the dust settles at some point on any weakness for the gains I expect a couple years down the road.
I speculate that it was just someone with a little extra investment cash, perhaps an existing investor, who heard something that he or she may have felt was materially positive which gave him (or her) the confidence to lay down a hefty bet. We are all hoping IDND is Stewball, waiting for this horse to come a dancin' and prancin' a way out yonder. It seems IDND has a good shot at this point at being a real winner, maybe a 10 bagger?