For anyone still holding this bleeding pig. This is the response I received from Remo requesting a better demo of the Airbar.. Below is the exact quote..
We did a video during Mobile World Congress that shows this. It's on our website. The market is responding irrationally IMO. Nothing has changed since our earnings call. More distribution and retail partners are being onboarded to set the stage. I am personally responsible for this. We can only say so much, the only thing that will make a difference is hitting production and shipping product which is what the whole company is focused on.
Remo Behdasht l SVP AirBar Devices l Neonode
It needs to be plugged in to a computer running Windows 10 and fully demoed using the browser to navigate websites and links within those websites. That's all that is needed. Enough of the paint demos already for crying out loud!
Here's my prediction. Either management provides an update and proof that Airbar works as it should, the bottom falls out of this stock by months end. It may already be to late anyway judging from the chart. Come on Erikkson pull your head out!
It doesn't matter what you predict or anyone else. The fact is, this stock is hated beyond belief because of NEVER meeting expectations from all of the years of BS that management has spun over the years..Not just misleading statements but bold faced lies. The long investor has lost a fortune from listening to what you should be able to believe in (management) and ignoring the short theory which at this point has nearly been dead on. Where this ends up is anyone's guess.
I'm not underestimating anything. They have failed to provide any rev. from PC. They cannot make it without significant rev from Airbar or another cash offering that they have already lied about not needing. The stock is only 92 cents away from being delisted and its about to fall through support. If the Airbar doesn't work (and they haven't provided proof it does) then you'll be lucky to have any capital left holding long. Listen to the last CC again, what a bunch of bumbling fools.
This is going into a capitulation selloff that will make your head spin. The only way to stop that is if management shows proof that Airbar works. That IMO would garner more interest in this company that has failed its investors.
Roe didn't kill neon. Neon kill neon with their failed attempt at the Oem PC market. Roe just knew it wasn't going to happen. My #$%$ is with Erikkson and his misleading statements throughout the process.
There comes a point when its put up or shut up. They past that point a long time ago. The company is doing horribly for one reason on another. Scover blames it all on the management but I'm not so sure at this point. Really , they supposedly have 40 licensed customers but only 16 are shipping product . And unfortunately for the shareholders not nearly enough of it. Why ? Management has been saying for years its because of the design time. I call BS on that one because design time isn't four years. Again where are the products? Remember the Pump Stopper article and the press conference afterward ? Erikkson blamed poor performance on design time. And that the stock would respond when the products were released . News flash, were still waiting for the products. Or what about this one from Gelbtuch . "Our Products are ready for Prime Time" Shorts better not hang around for long. What was that, a cue to short more because the stock has been a mess since then .We had one decent rally after that into 2015 Computex just to find out that neonode had not been built into any OEM product and had to watch the bottom fall out of the stock once again. What about Dell ? Now they are saying its a delay ? Really ? Bottom line is this. They have always painted a rosy picture but have never delivered. A company cannot continue forever on fluff.
Funny Scover but I think he was referring to me. Your right though about the relative remark. I actually think he's an employee but regardless, he's pumping a dead horse.
I'm not short, have given these idiots 4 years of patience and they have given me nothing but lies which have cost me a fortune misleading me with these lies. Anyone that could possibly support them at this point are fools. Oh , and the AIRBAR. They wont even provide adequate proof it works. I believe thats why there is little interest in the stock.
This company defies logic. How can a company with so many engineers and seasoned pro sales people in the PC space not have one dammed thing to show for the years of effort they have in this space ? Their solution must not work or its inferior in every way to cap touch. If it had any advantages , we would see product from the OEMs. These guys have backed themselves into a corner by being so dependent on 3 sectors and only doing well in one of them , (auto) . They really are starting to look like fools. No, THEY ARE looking like fools and IMO crooks for all the misleading statements they have said in years of conference calls. If the Airbar doesn't end up working then they will have to dilute again for the second time since they said they were not going to have to. Frigging poor joke !
The market simply does not believe the Airbar works. There is no way the stock would be falling daily if they thought it is going to be a blockbuster product. What a nightmare.!
Erikkson should back up his game with a 200,000 share purchase if he was confident in his company. 40,000 shares is a drop in the bucket. One thing is 4 sure. He loses more than any of us as the share price continues to contract.
Here's an idea. How about re-signing their PC sales team ( since they haven't provided anything ) to the auto division. They could park them out in front of Honda,Toyota, Nissan and the rest of the volume car oems. Maybe they could sell something. .
I agree Scover ... TOTALLY! Fidelity has got to be getting tired of their b%lls#!t as well. If they can't turn the Airbar into a lot and I mean A LOT or revenue the SP will go no where. .