Lots of 100 share trades bringing down the price. I guess they are trying to protect their short interest. MDB capital is probably the principal instigator. They have done the same with STI (aka SCON) the company that created the RESN technology.
Well I still believe that the "witness" that STI found and testified to have seen someone at a conference in Spain 10 years earlier was bogus and it was that point that sold the jury. That was the foundation for the Judges decision, given the jury's decision, to invalidate the patent. That was simply a matter of law. Had the jury not believed that witness, then ISO would likely be around today as a public company (they still are as a private company owned by the old creditors) and both CDTS and STI would have gone under. Remember, ISO saw the handwriting on the wall regarding the future of HTS filters and went off in a different direction.
Morons and frauds, like the unmasked idiot lying troll and the "fool" can never sustain their lies. I have forgotten all the mindless slammers (e.g. harrisjohn19) who tried to take me on and eventually ran away to hide forever, or return under a new alias only to again run away in shame.
It's gotten easier for a couple of reasons. First of all, STI has finally gotten into a business where they have the potential to succeed, so I no longer have to be so strongly critical and bear the wrath of uninformed investors in STI. History has proven me right about what STI was doing. I predicted the outcomes and they happened. Secondly, the latest group of bashers are particularly pathetic and stupid. They make it so easy to prove and illustrate what they are and what they are attempting to do. And it is such fun too! LOL! LOL! LOL!
So here is an example of his lies and distortions.
"The pilot 100m RCE-CDR machine is now capable of producing 50m lengths after about 2-years of tuning."
From an STI PR of 21 Feb 2013: "The RCE-CDR system, delivered in December 2012, has been installed with first process run completed in February 2013." Feb 2013 was roughly 18 months ago...Not "about 2 years". And the fact is that he has absolutely no evidence that STI has not produced longer lengths. He's basing his statement on the longest lengths made public, but he expresses this supposition as a fact....which makes it a lie! In any event it is irrelevant because the material they have produced is of high quality and has a Critical Current of 500 A/cm-w or more which is at least 3 times better than any of their competitors!
Here's another lie "The cable demo wire was produced, but had to be scrapped, due to the cap layer,.."
First of all it was not a "cap layer", it was a "protective layer" applied after the standard encapsulation was placed around the entire wire. The protection layer is a "non standard" material and STI had to use a 3rd party. You can be sure that STI produced encapsulated HTS wire that met the customer specs BEFORE it went to the 3rd party vendor for application of the "protective layer" This topic is explained in detail in both the May 2014 and the most recent August teleconference transcripts. The LYING TROLL" would have you believe these are STI failures but they are not...
IT IS MOST IMPORTANT TO NOTE THAT, NOTWITHSTANDING THE DELAY'S, THE CABLE DEMO CUSTOMER IS STILL WORKING WITH STI TO GET THE MATERIAL THAT WILL WORK FOR THEIR PROJECT.... THIS IS AN R&D EXPERIENCE FOR BOTH COMPANIES... MAKING THINGS THAT THEY OR ANYBODY ELSE HAS YET TO ACCOMPLISH. The unmasked idiotic LYING TROLL apparently doesn't have a clue about high risk R&D activities. STI has over 20 companies working at various stages to get HTS wire from STI that will work in their product and more arrive over time
Ah the UNMASKED IDIOTIC LYING TROLL makes a reappearance. He relies on those posts where he has been proven to be a total liar and idiot to scroll way down before he reappears.
I didn't just "fail" to mention the "other company".
they weren't named because it wasn't relevan, just as you are not relevant to mention when I talk about idiots and slammers! Since you weren't around at that time and you were probably in elementary school then based on your behavior now, you don't have a clue about what I posted back then, other than what you can see on this board. None of those posts would be considered "pumping" even to a demented soul like you! You are just being adolescently vindictive.
The truth about the unmasked idiotic lying troll is that he was an STI investor and was very happy until the r/s took place. Because of his own ignorance/stupidity, he didn't take precautions to protect his investment and I can only presume he sold out at a great loss... tough doodoo! Since then he has become a whining crybaby lying about and distorting STI statements. A simply search on the term "unmasked idiotic" will give you many posts where I expose his lies and distortions, just like I will do on his second post today.
You will be able to see his true character and then you can simply place him on "ignore" and you won't be bothered with the drivel he posts.
I don't recall what the largest market cap was as I wasn't interested in investing when their focus was on Wireless base station filters. Although I have followed the company for about 15 years now, in the early days it was because they were a competitor to another company I followed and had to put up with the BS of investors and slammers from STI regaling the other companies board with their bulldung. It's only in the last couple of years that I have thought that STI could pull off this new direction and use for their technology. I think they are at the 45 yard line and need to get that touchdown... field goals won't hack it.
SCON was never that high. That number reflects the effect of 2 reverse splits, one at 1:10 and a more recent at 1:12. Market Cap is determined by actual share price and the number of issued shares.
I've read two really inane posts on this board...yours and warbell's.
As I stated on the SCON board in an earlier post: "
RESN has a low risk high reward business model which will have a relatively low G&A expense figure.
They are basically an engineering services company with patent protected proprietary technology which they do not disclose directly...only the results of that technology in the form of a filter chip design which their customer is responsible (and bears all the risks) for manufacturing and distribution. If their technology is as good as they say, they should have a very high profit margin. However, they will be expected to share those profits as dividends while they simultaneously invest back into their own business to grow their customer base."
RESN's technology was an outgrowth of SCON's research into HTS filter designs for application in the US Government intelligence surveillance radios. It was developed by a cadre of SCON research scientists, among whom was Dr. Robert Hammond, SCON's former CTO and now a principal at RESN. They developed and patented a way of designing and implementing switching filters which could be compact and operate in many frequency bands. Their original research was for HTS thin film applications, but the techniques are applicable also to conventional thin film applications used at normal ambient temperatures.
The key to their current effort is to prove the efficacy of their design methodology and its application to conventional thin film filter design in a process scaled for high volume commercial applications, hence their parthership. Having anything meaningful happen before the end of the year would be unrealistic IMO because there is a lengthy multistep process in translating a computer based design to a manufacturable chip that provides an economical yield, one that involves many $$$$ as well. The cost for any such chip is huge and it requires large quantities to make it economical.
They trade 100 shares back and forth to artificially hold down the price and only let it rise when a real buyer wants to buy. What a bunch of shysters they are!
Search for "flux pinning" (Wikipedia or answers) and you will get an idea of the terms. The property is important to HTS wire because it allows the wire to carry high electrical currents in the presence of strong magnetic fields without degradation. STI's Conductus has this property intrinsically (i.e. naturally) without having to add or modify the material. If you review the HTS peer review presentations you will see quite a few discussing introducing/adding material to create these pinning centers (flux holes). This of course requires additional time and material and process complexity in the wire manufacturing process.
A general web search on the topic will show considerable research in this area.
Thus it is an economic advantage of STI's Conductus wire that their process allows this property to be intrinsic allow the wire to be used in motors, generators superconducting magnets, MRI. etc. applications.
Why wouldn't one of these three be the cable demo partner? If Southwire is involved, then why weren't they part of the trade show? Just wondering.
I have a vague recollection of JQ making such a statement but it wasn't in April 2014, nor was it in any of the CC's for which a Seeking Alpha transcript is available. Can you give us a corrected reference?
Yes they may want to test samples from the production machine, but that testing is likely to be just verifying a sample of the characteristics to make sure that it is the same quality and performance as they have been getting from the prototype, but that could be done as part of a production order.
These customers are very savy and technically competent so I believe their main concern will be to see the machine produce lengths to meet their specific requirements so that they have confidence that STI can deliver their order in a timely manner. I don't believe they will completely redo all the testing they've done to get to that point.
Your last point is indeed significant and JQ has emphasized that as part of their strategy to close a deal. But I believe that the customers must 1st have good evidence that STI can deliver what they need in the quantities needed is the highest priority.
I think the next PR we will hear will be about the completion of the installation of the new machine.
OK the encapsulation layer, as I understand it, encloses the built up HTS wire and protects the internal structure of the wire from exterior environmental influences. However, that encapsulation layer, e.g silver, copper, brass, if exposed to air or any environment containing oxygen, will eventually oxidize and could break down. I believe the "protective" layer being referenced is not any material that can be applied by the deposition process and so must be done by a 3rd party. Of course JQ cannot disclose what that material is because it is probably a proprietary secret of their customer.
The following is a quote from the transcript (corrected by me) in response to Jon Hickman's question where he asks a question about the cable demo "24 pieces of wire"
Well, I mean that’s -- we’re still working through some issues on … and I think we’ve talked about this a little bit on the last call,.. THE PROTECTIVE LAYER they want to put on the wire before they put it in their cable, which is again KIND OF OUTSIDE WHAT WE DO. So we’re working with them just to say okay well you need the particular cap layer let’s make sure exactly what that is and THEN WE WORK WITH THE FOLKS WHO ACTUALLY DO THAT FOR A LIVING, uh just to get that done. But as far as the pieces we built internally we’re done with that and now we’re working through the other issues with them."
So I understand that STI can use their RCE system to put encapsulation layers of silver, copper and perhaps other material, but the above quote indicates that the customer wants something different that STI does not do and so STI is working with somebody else (aka WITH THE FOLKS WHO ACTUALLY DO THAT FOR A LIVING) who is a 3rd party.
BTW that transcript has many many errors. I corrected the major errors by listening to the tape and editing the transcript from SA. Did this with the latest as well, but there aren't as many errors.
Based on the trading activity at the time the warrant holders bought those shares and warrants their hasn't been any room to short. They bought the shares (+warrants) for $1.79 and the warrant exercise price is $2.57. While there was a lot of activity on the day they announced the deal (6 Aug 2013) there wasn't a lot of volume in the 2-3 weeks before the deal. Certainly not enough to hedge 10 million warrants. Moreover, there has been a significant short position for quite a while. That's not to say that MDB hasn't been playing around either.
Large orders going through early today. So did some news leak out? Are the shorts starting to cover? Looks like it could be an interesting day! GLTA
I read through the article and there was nothing really new in it. But it might attract the attention of others into RESN and that could be good for SCON. In the long run they (RESN) have to prove the worth of their technology to the end consumers; (the cell phone manufacturers and the big wireless companies who sell/give the phones away.
What I like most about the PR is this statement:
"At CIGRE, we will join with several of our customers to share the value proposition SFCLs and superconducting cables offer to enhance the capacity and improve the survivability and reliability of the grid."
This is cooperative marketing by STI and their direct customers, both of whom are targeting the target customers. These customers are the utility companies responsible for generating and distributing electrical power across the globe.
The period of warrant conversions was announced by STI in the March 27th PR:
"...announced that more than 1.4 million warrants to purchase shares, which were issued as part of an underwritten public offering that closed in August 2013, have been exercised from January 1 through March 21, 2014....'
Then take a look at the 1 yr chart. I think it is pretty obvious. The sales of the shares from the warrants did spur a lot of activity but because of the controlling hedge fund/MM's they rolled the price back to the current levels. I think they are the biggest shorts going...and guilty of big time manipulation. I believe that shorting should be banned in all forms. It's just a legal tool for stock price manipulation for the big guys. For the normal investor or even day traders, it's nothing but a legalized form of gambling!