His boss is short and can't shake those shares loose. Mr boss will loss a ton of $$$$ and Mr Bogus will lose his job for incompetence! LOL! LOL! LOL!
The following exchange between Andrew Shapiro of Lawndale Capital Management and JQ is interesting. These are the concluding statements from his (Shapiro's) part of the call.
"Andrew Shapiro (Lawndale Capital Management)
Okay. So, you basically just need to get a little bit more cash to go over the goal-line somewhere. Is there contemplation at all of one final round of a private placement and all that?
We have not -- we have no plans at this time Andrew to do another private placement. We’re looking for other ways to get us where we need to go. And that’s -- I guess that’s all I really have to say about that right now.
Andrew Shapiro (Lawndale Capital Management)
All right. IF YOU END UP NEEDING IT, MAKE SURE YOUR BANKERS CALL US. Thank you."
This is the first time that we know of, that this investment firm has been a participant in a quarterly call. His remarks make it clear that his firm is ready to throw money at STI because they believe it is not a question of "if" but "when" STI will be successful. And regardless of the specious arguments presented by the "fool" JQ's statement that "Our customers report that our critical current performance continues to be industry leading." it is clear that STI has potentially the best process going for manufacturing HTRS wire.
I believe that the current holders of the warrants are of similar mind about STI's future. They are being stingy with those warrants because they expect STI to eventually succeed and the more of those warrants they hold back, the more money they will make because their strike price won't change, but the value of the shares sure will. The bosses of the paid bashers, who are the "shorts" behind it all, are desperately trying to keep the price down so they can maximize their profits. That's why the bashers appear before the CC and when any news is imminent so their bosses can drive down the price.
I think these are all good signs for STI. JMHO!
STI did not give over patents in trade for shares. STI spun off RESN as a wholely owned subsidiary. But the subsidiary needed investors in order to develop the technology. Two investors, on of which was DR. ROBERT Hammond (STI CTO at the time) camem forth and put in money to get it going but STI had to set up a totally separate and independent corporation for that to happen. STI had roughly 30% ownership of that new company. Then, months later a large investor came in with several million $. At that time the terms of the new company going public were established and STI was given a subordinated note (subordinate to the new investor's note) which would convert into the 700K shares when the IPO occurred. The IPO happened and so STI now owns 700K shares of RESN.
Investors haven't for forgotten about the rest of STI's portfolio. That's because that portfolio is practically empty for all intents and purposes, especially from a meaningful revenue point of view.
(cont'd from prior). But it is my belief that they won't place an order until they feel confident that STI can deliver the wire they need in both quality and quantity. IMO they may have met the "quality" part for one or more, but they can't yet promise to meet the "quantity" part until the new machine is installed, tested, and capable of producing wire to any given set of performance specifications on demand or at least to a given customers specs on demand. So even if the RCE-CDR machine were up and running at 100%, if the encapsulation problem for the cable demo project wasn't solve there would be no order. HOWEVER, there are other customers whose wire is not likely quite so technical and they wouldn't hesitate to order if STI were meeting their specs and the new machine is up an running. To quote JQ (1Q2014CC) "We continue to prioritize customers’ deliveries based on the size and near-term timing of the opportunity."
Yes, indeed we can see the new production machine installation. It appears that once again the UNMASKED IDIOTIC LYING TROLL WAS WRONG! They did announce it by putting it on their web page.... they just didn't announce it with a PR... I think that's the only thing that the LYING TROLL reads beside the message boards.
Increasing price on increasing volume!. Trades with varying size blocks. Perhaps the investors are starting to exercise warrants and sell the shares into the market. This will of course provide STI with cash they need to continue moving forward to full scale production and orders.
As usual the unmasked idiotic LYING TROLL is playing his typical lying game. This loser simply doesn't know how to be honest... just like his lying fraud buddy "Youthinklikeafool". He has taken a small portion of a statement I made and has twisted and distorted it to his own nefarious purpose. He would have you believe that the warrants when exercised will be dilutive, when clearly the stock price is stable and has factored them into the current share value. Only an idiot like him would believe otherwise.
I think it is important to remember that businesses, especially when committing R&D dollars to new products are fundamentally very conservative. Before they buy they want to make sure they will get what they order and on time. STI has to deliver this latter to demonstrate they really have things working well. GLTY!
I believe a more likely scenario is that STI will first announce they have completed the fabrication, installation and initial checkout of the 750 km/yr production RCE-CDR system. Then later they will announce the yields and wire performance they are achieving. This could take from a few to a dozen or more weeks to occur. This will likely involve shipping wire samples from this machine to their potential customers. Only after they have satisfied their potential customers that the machine is fully up and running and capable of delivery of the wire they need, will we see orders
Actually I think they have confidence that the holders of the warrants will cash in for several Million.
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 issue has been with the Cable Demo customer wire as far as I can determine based on the CC records and what JQ has said in response to questions. But this is their oldest customer. First they had problems with the basic HTS deposition process to be able to control the process at the right temperature and pressure etc. to create a specific formulation. This would likely include the silver buffer layer which protects the YBCO material from degrading from acids used when a copper encapsulation layer is applied. That later part concerning the copper encapsulation may be process specific and might not be needed with STI RCE-CDR process.
The delay doesn't necessarily impede other customers. JQ has stated on numerous occasions that they prioritize the use of their existing 100 M machine, and they will likely continue to prioritize orders when the new machine is installed and both are up and running. What we do know is that the cable demo project requires 24 wires, whose individual lengths are less than 10 meters. Since they have the recipe for 500 A/cm wire and it is repeatable (according to JQ) they should have no problem producing those whenever needed. Because of the involvement of a 3rd party for the encapsulation layer (or a part of it) we cannot determine what impact that has. Nor do we know what the specific problems are. But even while this has all been going on, STI has delivered HTS wire to customers. According to JQ to a total of 11 customers in all between 1 April and 1 August, 5 of which are stage 2. Those 5 would likely include the cable demo customer. In the 1Q 2014 CC he indicated 3 shipments to stage 2 customers. So yes the main goal is to get a production order, but those stage 2 customers want to make sure they have the correct recipe for the wire application they need. For all we know they have changed their requirements as they have proceeded and ordered new batches of wire to modified specifications. (cont'd)
Misterbogusoutrageous it appears your boss is still quite nervous and is now starting to get desperate! Why else would you make such an idiotic and outrageous statement for which you have NO basis or factual evidence. There are any number of plausible explanations why STI has not made any announcement about the new production level RCE-CDR equipment, none of which have anything to do with whether or not the machine will produce as it is designed. You, or others of your cohorts, have been claiming STI will be going to the "pinks sheets" FOR YEARS without any basis and you are as wrong now as you've been in the past.
BTW there wasn't any "self-imposed deadline" given at all. STI simply stated what their future plan for events was supposed to be, and they did not give a specific date. Their plan was for the new RCE-CDR equipment to be assembled in the 2Q, and maybe it has been. I don't suppose you have the intelligence to consider that they are in the process of gradually checking out the various components of the machine to ensure they are functioning properly before they attempt a wire production run and wish to make more of an announcement that the new machine is assembled?
Show us how intelligent you are (or aren't) by giving us a list of plausible explanations why STI hasn't made any announcement (other than your ludicrous claim that it doesn't work).
The unmasker idiotic LYING TROLL, as usual, ignores REALITY! HE has also forgotten the sage investment adage: PAST PERFORMANCE IN NOT A INDICATOR OF FUTURE PERFORMANCE. And that works both ways. He ignore the fact that RESN has a SIGNIFICANT PARTNER who will be implementing their chip design. This partner has INVESTED in the process and the technology has HUGE market potential.
STI did well in 2002-2003 and their sales significant declined thereafter. That was because 3G wireless technology essentially obviated the need for their filters except in niche market applications. I warned investors of that on this board way back then and likewise warned that 4G LTE wasn't going to be any better. I was 100% correct in both regards.
The HTS wire market is a huge opportunity and they are in the final stages of getting their full production capability in place. They have shown their ability to manufacturer HTS wire to the necessary specifications for many applications. The next few months will demonstrate their ability to all of their potential customers. The HTS wire for the cable demo project has been manufactured but their customer has requested a non-standard encapsulation which STI doesn't have the capability to do with their current equipment. As indicated in the last CC they are working with their customer and a vendor to satisfy that requirement.
It is a safe thing to totally IGNORE the unmasked idiotic LYING TROLL. He's a totally disgruntled former STI investor who must have lost his shirt (due to his own stupidity) when the r/s occurred in 2013. Read his posts before that time and then read them afterwards... you will see his lies and total distortion of what has been happening with STI and he became buddy buddy with the boards biggest liar and fraud the "fool" aka "Youthinklikeafool" (he was looking in the mirror when he came up with that alias). Both are real losers!
Hey jb0 I like your new alias, but you just need to change one part of it to make it right. Simply replace "Johnson" with "head", then it will be spot on! LOL! LOL! LOL!
For those of you who don't know jb0thoo7 he is a foul mouth paid basher who has haunted STI for years and years. He most likely is a pedophile and asexual deviant based on his numerous statements about child molestation etc. He's a real sicko!
Anybody who knows anything about this stock would quickly recognize the unmasked idiotic LYING TROLL for the liar it is, however new investors are being attracted to the stock and they could be confused by the lies promulgated by this sour grapes loser who can't acknowledge his own responsibility for his losses. The same goes for "Youthinklikeafool". Compared to the spammers who clutter up the board, my responses to these cretins are a drop in the bucket. I appreciate your comments but I will continue to use my own judgement of when and how to respond to liars and frauds such as these. There have been very many over the years.
That statement has been on Southwire's site for at least 2 + years. That being said, it is still relevant since Southwire needs a reliable HTS wire supplier.
No I didn't ask you the time and date you posted facts! I wanted the time and date of that post! because they are two very different things. Thanks, saves me the trouble of searching for those references!
I will point out that 1) SuperPowers measurements are over a 12mm width while STIs are over a 4mm width. Thus the Ic for the Superpowers sample (only 1.2 meters long) is actually 1/3 of those figures (It even declares the 12mm width at the top of slide 3). In fact all of the HTS peer rreview data related to Ic is based on 12mm wide wire. Moreover, their measurements are samples taken every 5 meters of length. This allows for substantial dropouts in between the samples. (STI's TAPESTAR equipment provides continuous samples across the width and length.) In fact SuperPower mentioned the need for a Tapestar machine in one of their presentations. But that's beside the fact because all of your references are dated and historical. I'm talking about what's happening today.
I have claimed that STI's wire has better performance and I referenced their published specifications as my point of reference. For my proof I simply looked at SuperPowers current data sheet and what they are capable of doing in production. Reading across the data sheet they only achieve minimum Ic's above 100 amps at widths greater than 4mm.
Likewise AMSC's Amperium 4mm wire data sheet claims
" Minimum amperage (Ic)ii
Standard Product: 70 A - 100 A, 10 A increments
Beta Product: 140 A - 180 A, 10 A increments"
Furthermore JQ has indicated that their current Tapestar machine maxes out at around 650 Amps and believes that values much higher have been achieved. He indicated they ordered the higher performance Tapestar machine for production. (to be continued)
Well, although it is small right now it is providing some income. If you recall Buchannan claims that the wireless business operates at positive margins. From the last CC. "The commercial gross margins from the sales of our wireless products were positive in the first quarter and the year ago quarter."
There is a niche market and I assume they will keep it as long as it is providing income and doesn't become a distraction to their new market focus. I'm also sure there is some loyalty to the employees responsible for those products. I imagine the overhead associated with that operation, especially with the sublease arrangement is negligible.
Isn't it interesting that misterbogusoutrageous and the unmasked idiotic LYING TROLL both use the term "deadline" ...methinks the LYING TROLL realized he had no credibility whatsoever with that alias and created a new one.