You could be correct. The wording is quite ambiguous in the release. RFI's release states the nuance will be included in the "Flexity 2" platform. Will the tram be part of the innovation journey or is it completely separate is the question?
No mention of glass area dimensions, but according to the Bombardier release there will be 48 vehicles for the transport operator in Belgium.
I've been called a lot of things, but never a "grump". Kinda like it.
Already been taken care of. Sensors in the car along with gps knows when the car crosses state or country boundaries. System will only allow film to darken to that state or country's regs.
It looks like the other oems, specifically the German oems are waiting for Mercedes to set the table before they arrive, imho. From what Joe had echoed in the cc on Dieter's thoughts concerning the entrance of the other oems into spd offerings, Mercedes may have negotiated themselves an even better deal with Hitachi should the other oems dip their toes in the water. Maybe they are waiting for a second filmmaker to step forward, but as of yet none has surfaced and it may be due to the possibility of infringing on film process patents of Hitachi's.
If take rates are increasing and side windows show up on the e class, it would seem BMW, Audi, etc., would have no choice but to jump. That should give Mercedes the impetus to promote magic sky if s class buyers welcome the technology. The next question is when does magic sky become standard, before the other oems take the plunge or after?
Nice catch concerning the patent, Bard. Thanks.
So that's why I was getting so many thumbs down in such a short time. It was starting to hurt my feelings. Oh, for you Sheldon types....that's sarcasm.
that one of the perennial "stock scam" screamers would now change the chant to stock valuation. What kind of valuation will the market put on a company that grows revs 284-310% in 2015, then in 2016 lets reduce that a tad, but will add an additional 118% to that reduced 2015 amount? And yes finally, no debt will begin to be factored into the valuation equation. But......that is without Hondajet or any additional aerospace revs or another oem or two throwing themselves into the ring. Or how about those sun visors, just maybe those wrinkles will finally be ironed out. Or what about a favorable lawsuit settlement or finding? That is just four Benz models, OH without factoring in side windows!
You see investment is in the future, not just one quarter or two. Ask Mr. Buffet, don't think he invests with a 6-12 month timeframe. Now, what lester (ok) keeps turning a blind eye to, is you can't trust the words that come out of the mouths of RFI management. I know, I know........."it has all to do with the licensees. It is not in RFI's hands anymore."
When I see a national advertisement of a Mercedes model that stops for a ten to twenty second focus of magic sky in that model, then I will know the path is set.
Don't know how I missed it, but just watched a 19 minute s class presentation by Mercedes released back in July. Very well done. Every bit of accessories and technology down to rotating speakers were discussed except for one. The panorama roof with standard shades was mentioned, but magic sky control for some reason was left out. If Daimler is so enamored with magic sky why the cold shoulder? Stock prices move on news, revenues and profits. That is why REFR sits. Have we been misled again?
RFI claims they are working with dealerships on marketing magic sky. If the consumer doesn't see it in a national ad produced by Daimler/Mercedes then why would I want it when the dealership is trying to push it, not important enough for the manufacturer to mention it, so it must not be worth the extra cost.
Yeah, what was I thinking. There's around 835,000 luxury cars produced annually. But hey let's bump that up to 1 mil to make the math simple. At a 50% take rate which is not "outlandish" according to Joe, but highly unlikely, but let's give it a go anyway. With $200 royalty, the revs would be 100 mil.
So with only 850,000,000 cars on the road in the world currently according to CNBC, at say a 10% take rate with maybe $150 cost. That would give us a royalty of $15.00 with revs of $1,275,000,000. Yeah lets not hold our breath.
Finally starting to see the beginnings of a real company. Although don't like the delay, a decision to go with the photovoltaic powered sun visor shows some intuitive thinking by the parties involved.
As well the street finally has numbers to chew on for 2015. See one analyst on yahoo site lowered revs for 2015 while an analyst on the nasy site lowered the loss for 2014. Perhaps the nasy analyst was not factoring in the annual bump in stock options for management and bod. Whether it will happen at end of year or beginning of next makes a difference.
Numbers compare favorably with yahoo analyst for 2015, unless something new is released.
Les, I will assume you have not been around long. That kind of talk is useless here. That is why confirmation, if not a second confirmation is required on accepting anything believable with RFI. And here are just a few examples why; shareholders have been told certain licensees could not attend annual meetings due to the fact that they were on job location installing projects......never materialized. Shareholders were told revenues were beginning and accelerating, leading to profitability.......never materialized. We were told multiple film makers were commercializing spd film.......never materialized. Now, that is just a few of many statements that have been made public, all along hiding behind the forward-looking disclosure. Meanwhile filings were made to insure liability protection not including such public statements. Yes, MB is working with spd, but how much?
The supplier for the glass has not even been announced for goodness sakes. Has Hitachi announced an increase in production? If you watch they will with the products they do manufacture if increases are coming.
I'm here for the technology, plain and simple. The legacy of this management group will not be that they brought the technology to market, but how they screwed investors and legitimate business people to get the technology to market.
That's where we have to agree to disagree. RFI is not what I would call a reliable source. Must have missed the SEC filings on dwarfed revs. Is near and intermediate anything like "soon"?
If magic sky was standard equipment, then yes we would have an idea of how much revenues. But it is not and we have no idea of take rates.........."numbers", remember. Why worry about shorts, they don't determine revenues. Selling end product with spd technology included does.
As expected, the s class review session carried very little weight in regards to magic sky. One mentioned magic sky, while a few more just tossed in the roof. However, there is a lot of excitement surrounding the s class. Will it result in revs for RFI? As of now, Q2 looks like a wash. Lets see, glass industry has nothing to say about spd. Target markets have nothing to say about spd, except a dribble from auto. Architectural: nothing. Marine: nothing. Aerospace: nothing. Investment community talking about REFR: none. RFI management in hiding: again. So have to say, even though it has just begun, expectations for Q3: none. Expectations for an increase in shareholder value: none. Information the market has, "numbers", to make decisions: none. When the market sits on their hands about decisions...........well, whom benefits?
And no I'm neither a cheerleader or basher as mentioned many times in the past. Just a shareholder. Saw a headline a few days ago about a company that was upgraded because analysts "trusted" they would follow through on what the company said. Wouldn't that be a shocker for RFI investors.
Not that there is anything new that has not been rehashed by shareholders and critics alike over and over throughout the years. Although the author and his supporters are banking on the original price to stay the same. We already know that has changed. Not expecting 100% take rate either. Just a gradual buildup as more models come on line.
What it has done is introduce spd technology to a larger number of potential investors and shorts as well. Maybe it will call Joe to the carpet...... who knows. Will he protect shareholder's backs or will management hunker down to the safe confines of the bunker once again. If Joe wants to be considered the leader of this company it is time he steps forward with facts. Cost was always blown off when the topic brought up. Now all of a sudden it is important. Investors are more aware of what is going on than what Joe gives them credit for with his remarks.
We know that major aerospace players are requiring total blackout for some reason. Don't know why, but hey if that is what they want.
We know the auto industry is more price conscious with faster tint speed requirements.
As a shareholder I have no problem with the SA article.