Because they tied the tech up like big pharma does with new drugs with potential until they make money on their treatments and don't want to see a new competitor until they are ready to let it happen. Sony did the same thing. Do you see any big push by them yet? They are testing the market and will be slow to commit big money. I think the big deal for us will turn out to be Foxconn. That guy is a mover that is tired of being told by Apple and Samsung etc what they are going to pay for his production. He is the biggest fish in his space and is looking to make some moves as you can see by the Sharp deal and now the Nokia deal. I am looking at the lack of innovation and sales of smartphones sinking and I think he sees a huge opportunity he is not going to let pass by. I think he can take Tokman out of the picture and really make picop the property it could be. An mvis long holder still wishin' and a hopin' like the rest.
Jack, you've got to realize that many investors bought in on Tokman's bullspit a long time ago at much higher pps. They are so far under water that selling down here isn't going to get them enough to make a dent. They are holding because the tech is so compelling they think there is a good chance for a buyout or Tokman's eventual removal. The patents even have a chance of becoming worth a pretty penny when someone comes aboard and can sell the tech. He is just a pathetic salesman to our customers. He is good at selling the dream as he has for years. Here we are at $1.82, contract with one of the biggest names in CE, several small volume test products out there, a terrible guidance going forward, and he wants more bonus money. It's not going to be too much longer before he finally hangs himself with investors.
Don't think this guy has the ability to take it any further. All this time and we sit at 1.82, I think that is a record of some kind for a CEO with game changing tech like this. And he wants more shares for bonuses.
We need a move and shaker to move this tech forward, this guy just doesn't have it.
Very well put White, but I believe Tokman has done his best. We need another younger. prettier, smarter person with some get up and go.
Very easily convinced retail shareholders willing to settle for a smile and a wink. Put a few pieces out with embedded picop and that is what will carry the day for Tokman. He will continue to have his salary and bonuses grow like tomatoe plants in New Jersey. The products shown will eventually come to market in a few years and that will be enough to keep the gang satisfied. The pps will continue to struggle under $5 as it has forever. Does anyone really know if there are NDA's? Are they serious customers? Silence for competitive reasons gives them the curtain to avoid hard questions. And they want more bonus money?
All of those points are well taken and a possibility. I always seem to come back to production. I don't know how many units we can produce, the cost, the customer guarantees etc. It looks good enough to me to attract some volume customers. The main problem is that we know nothing and the company wants it that way. They hide behind NDA's and competition shields and use those to create an environment where they don't have to give shareholders anything to really guide their investment. They don't have to answer questions and only have to offer lip service to cover their butts. We are losing money every quarter and production isn't running at a high enough capacity to make us profitable. We are totally dependent on a proven liar to guide our investment. I will be here because the tech is great and will survive, in my opinion, and I hope to see it in competent hands. Until then, the guessing games will continue.
All I can say wishin, is that I want Tokman to be right just once. I have bought into all his verbal nonsense for years now and he hasn't lived up to his mouth once. I think he has put the effort in and this is the best he can, or ever will do for retail holders. Leaving a cancer in place to continue to kill the patient is a fools game and that is where we are. Needing more shares for the management team and we sit under $2 after years of his stewardship makes me sick. The tech is there and has matured enough we should see it in volume products. There is something else holding it back we are not aware of. Tokman will always be Tokman, he just doesn't know how to do the job. He is not an effective CEO and is a detriment to the company.
He is well known to Oppenheimer, they have his photo on the mail room wall and in the bathrooms I hear.
I'm not looking for much this year as he killed my enthusiasm with the guidance in March. I would like to see $3 again this year, but it looks to me like dilution is being prepared as I speak.