These guys must look like a bunch of idiots to their FCL "customer".
"Here's some wire. Please, please test it because the life of our company depends on you liking it and buying a whole bunch from us real soon. Oh, heck. Never mind. The wire we sent you won't work. But wait !! We'll send you some more. Can you please, please test it really fast? Then buy a whole bunch from us? You know, so we don't go broke?"
What a joke. Even calling this FCL manufacturer (whoever it is) a "customer" is a joke. They haven't sold them anything
It is very obvious that dilution is coming. If you're holding shares now, you should either sell, or else be prepared to look 60 cents.
My, My, per the DOE websites, there are no selected funded awards "High temperature superconducting wire" under "NGEM: ENABLING TECHNOLOGIES"
AMO’s Next Generation Electric Machines (NGEM) program is an RD&D effort leveraging recent technology advancements in power electronics and electric motors to develop a new generation of energy efficient, high power density, high speed, integrated MV
Putting together a conservative estimate of the timeline for qualification which JQ did not want to commit to..... 1. Getting in spec cap layer wire to customers.... not to distant future (quote from JQ) would be conservatively 3 weeks from CC call or Aug. 31 2. SFCL customer is their best bet at contract, and they have testing queue in their lab. Assume 4 weeks in queue based on STI conversations occurring now to get their wire in queue. Sept. 29: date wire starts qualification testing at SFCL. 3. STI has quoted that the SFCL customer in the past as having a 2-3 week test regimen for qualification (slamming the wire with high current (fault simulation) in a SFCL configuration to see how many cycles it can last). Conservatively takes us to OCT 19th. 4 STI gets results by OCT. 19th. According to previous CC's, high chance of success based on past testing at STI and customer. STI announces HTS wire qualified in formal announcement. 5. Hopefully in the interim period Now-OCT 19, STI and customer have been working out details of contract for shipments of HTS wire. 6. STI announces contract in hand by OCT 26.
Only wild card here is the queue time in the lab which one would hope STI could negotiate a high priority based on STI going belly up without qualification and SFCL supplier not having access to STI HTS II wire. Right now STI has best performing HTS II wire on the market and SFCL would want that wire in their qualified product. If SFCL does not qualify STI wire, then their option would be to qualify a worse performing HTS II wire from AMSC or superpower.
This would be typical timeline for high tech company selling its component to another high tech company up the food chain.
STI's electric engines can replace fuel engines in Boeings in the future they are now at 600Amps /cm & in 2 years future at 1400 Amps/cm, Future STI electric engines are about 10x smaller, & have huge weight advantage Guys like Chris Froome winning races TDF are extremely thin
$4.5 million financing coming starting Q3 from Department Of Energy
Anyone holding shares settled before 8/7, hold onto them until the annual meeting. Vote against SCON's criminal BS. Don't let them continue to dilute and split. What should the board be awarded for anyways. They don't do anything progressive or worthy of free options. Vote out the trash and stop the dilution.
IS A SINKER! Turdmania abounds and yet another reverse split and dilution is no doubt on the way as STI management soon frolicks at yet another European convention. Nice work, boys. Nice work!
Folks, while the news about the cap layer was certainly disappointing, there is still, according the JQ on the call, the possibility that they can receive the wire from their cap layer supplier, check it out and send it to their SFCL customer for testing. JQ expressed the belief that the customer could test the wire to their satisfaction, and for STI to still have time before the end of the year to produce that initial low capacity production test run, before the end of the year. The essence of that statement is in JQ's response to Sameer's last query by just before Bill Lap starts with his questions.
Thus there is the possibility, however remote, that STI could get the production order near the end of the year or in the 1st Q of next year. That might just be enough to avoid another round of dilutive financing. I certainly hope that JQ will keep his shareholders more informed about progress moving forward. His lack of communication is ill conceived.
You know, I just feel so close to you all now. I don't know what we're going to end up doing when S(con) gets delisted. I mean, don't you think we should start a blog or reddit or something so we can all keep in touch? sniffle. sniffle.
I can't help but wont themselder if this is a scheme to screw existing shareholders and drive the price down. Why? So STI can cut a deal with the latest PIPER and management can save their worthless hides. And of course they'll grant themselves massive stock options and shares for a job well done. That includes the rodent board members and compensation committee.
Awe-Inspiring For 10 years now, investors are down 98% buying into the S Cons revolutionary hype. Their product does not work! Blah, Blah, Blah. Superconductors have so many great applications.
I studied Industrial Sciences in highschool & am certain this will work their wire
Cathy IR told me in march near term focus is power cables & windturbines
In dense urban environments many substations often reach capacity limits and require redundant transformer capacity to improve reliability. HTS cables can tie these existing stations together, avoiding very costly transformer upgrades and construction costs. .
HTS power cables are particularly suited to high load areas such as the dense urban business districts of large cities, where purchases of easements and construction costs for traditional low capacity cables may be cost prohibitive.
Copper wire has less than 1% of the power density of our typical Conductus® wire. This 100 times or more increase in power density reduces the physical number of wire strands required per device; resulting in a significant reduction in size and weight.
Mark Twain Transmission Project Improved access to renewable sources of energy 345000 vot The Knox County Commission unanimously voted to grant assent to Ameren Transmission of Illinois (ATXI) for the Mark Twain Transmission Project (MTTP), a high-voltage power line planned to be constructed in Northeast Missouri, on Friday morning, August 18, 2017
Does any of us trust the STI mgmt especially JQ's IQ? I don't think he has the intelligence of a high school graduate! Or, he is just there to keep SCON down to crash - for reasons we don't know. The 9/28 share holders annual meeting allows "Each share of our common stock is entitled to one vote on all matters". So yes, we all should take this opportunity to vote him out - better with no severance package! It's taken too long for that to happen but still much better to kick him out so that the products/technology still have chance to survive and thride.
let's be realistic: the cap-layer issue shouldn't have happened. it was avoilable. and it caused delay. good reason to be angry.
but: we should not exaggerate that problem. according to what Mt. Quiram said, they still believe that the concutus tape will pass the test. it should not take long until they will deliver new tapes with the apprpriate layer to their customer (NEXANS?). this custiomer still is very much unterested in STI's conductus. this customer believes in STI's capability and technology. they certainla have good reasons to stay with STI.
last time it took long until the customer could open the door for the lab. this does not mean next time will take the same time. hopefully they will start testing as soon as STI delivers. if everything works well, we might get some result in october already. of course it might be later also. but let's be a bit optimistic. the reward we will get in the end will make us forget all the setbacks we had to suffer.
they might even have made some more improvements compared to the tapes they sent last time. so the chances to pass the tests might have increased.
R&R is probably propping the SP at a buck. Makes is much easier to serve their own interests when they underwrite the next MASSIVE DILUTION INCLUDING WARRANTS. PIPERS will need a carrot, thinking they have the opportunity to buy most of the company for cheap with the "huge upside" just around the corner. Then the SP props are taken away after the placement and the SP plummets. Then more BS EXCUSES from JQ with assurances the company knows what it's doing and that positive cash flow is right around the corner. Oh yeah - STI management and board will print up massive amounts of options for themselves for a "job well done." THESE PEOPLE SHOULD BE ASHAMED!