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Chimin Sang

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  • Uni-Pixel: Adding Value Additively [View article]
    People should listen to Professor Bruce Greenwalds talk about the biggest mistake individual investors could make in light of the taget valuations Green River suggested -- When you hear these numbers, go take a shower -- http://bit.ly/Vd5x74
    Jan 19 09:17 AM | Likes Like |Link to Comment
  • UniPixel Bright Future Clouded By Shoddy Research  [View instapost]
    Green River, Welcome to the hedge fund business. It is only the beginning of lessons for you.
    Jan 15 03:32 PM | 1 Like Like |Link to Comment
  • Uni-Pixel: Adding Value Additively [View article]
    Congratulations, suddenly you heard from everybody. It is very convenient but I feel sorry that you cannot fabricate it into your original article. You may send your request to SA editor though. Good luck.
    Jan 11 06:51 PM | 1 Like Like |Link to Comment
  • Uni-Pixel: Adding Value Additively [View article]
    Your information source is the management, which is biased. CEOs make you broke this way. Who is the global OEM? Did you hear from them directly? Did you hear from Texas Instrument? If I were Texas Instrument, of course I would check out the samples from UNXL, but look that is one year ago now, and you don't hear any progress? This company generates almost zero revenue for all its existence from when? Even Texas Instrument is a marginal player in the market, and you count on a marginal supplier to a marginal player? and zero response after one year?

    Stop taking your one-sided information from the management and fool yourself. Investing does not work this way.
    Jan 11 03:49 PM | 1 Like Like |Link to Comment
  • Uni-Pixel: Adding Value Additively [View article]
    Well, I also made a check with this stock. It seems pretty funny -- all the long thesis took information from the company, and never bothered with
    1) check up UNXL's patent portfolio, which is really easy to do.
    2) check out its competitor's technology, which is also easy to do. Never heard of Cambrios, Atmel, huh?
    3) check out the existing ITO technology. Technology improves, don't assume that the cost of mass production will not go lower.

    The pumpers vastly underestimated
    1) How easy one can propose a technology and
    2) How difficult one is to consistently make qualified products.

    And the company had 18 employees as of end the last year when they supposedly had the technology. They had 6 CXO/VP, and that left 12 employees to do the work, including accountants and office managers. How many people were doing the hard work of R&D for heaven's sake? And how could they compete against the real industrial leaders? R&D is not just to propose a technology. Million things can go wrong in printing such fine lines repeatedly and reliably. You think Apple's short supply is the laziness of Chinese workers? Do you know how difficult it is to get one component right in production? I have engineer friends scratch their heads to the last moment of mass production.
    Not mentioning that the mass production takes place in Asia for heaven's sake, not in Texas. Oh, you do not know those manufacturer's names, DO YOU?
    Jan 11 02:31 PM | 1 Like Like |Link to Comment
  • It Might Be Time To List Zillow And Trulia As Short Sales [View article]
    You got the timing well -- both names cratered under the weight of their own lofty valuation.
    Nov 9 06:27 PM | Likes Like |Link to Comment
  • Why Is Xinyuan Real Estate So Cheap? [View article]
    buy buy buy.
    Mar 26 09:13 AM | Likes Like |Link to Comment
  • Caution For The Long-Term Investor, Watch Out For A BroadVision Dump [View article]
    http://bit.ly/yNManf

    This site is dedicated to BVSN. Check it out folks.
    Mar 6 01:15 PM | Likes Like |Link to Comment
  • Sino Clean Energy: Who Lied About the Weather? [View article]
    Don't you think that the weather report came from a third party and the video came from the first party?
    Mar 6 09:25 AM | Likes Like |Link to Comment
  • Royalty Settlement May Be Music To Pandora's Ears [View article]
    Yes, business may want less revenue, as long as they can cut even more cost with it. This is how downsizing works.

    Even if the existing business does not get motivated, new business will get motivated. In this case, new Internet radio stations would be started to increase music supply. Those radio stations need to only cover the fixed cost, which would be very low to begin with, and they can only focus on getting audience without generating any revenue. Once they have enough audience, they can monetize the traffic. It is low risk business if without a minimum cap. The end result is over supply of Internet radio stations but very low level of monetization, which the music industry will hate to see.

    So we do agree that there is a minimum cap.
    Dec 6 10:06 PM | Likes Like |Link to Comment
  • Royalty Settlement May Be Music To Pandora's Ears [View article]
    A revenue-based fee structure without a minimum cap will depreciate the true value of the songs and motivate radio stations to generate lower revenue. The rate may change, but the payment structure, revenue-based with a minimum cap, is unlikely to change.
    Dec 6 08:53 PM | Likes Like |Link to Comment
  • A Close Look At Focus Media's LCD and Poster Frame Network [View article]
    Great. That gives your credibility that you are independent.

    You did mention that "the flat-panel television description can be attributed to both Basic LCD and LCD 2.0 screens, but not the LCD 1.0 picture frames", but you were not specific in pointing out that LCD was nothing liquid crystal display at all, which was still my impression after reading your article. My intelligence was not up to the level to dissociate LCD from the common definition of LCD and re-associate it with the new meaning FMCN puts on. If you had kindly pointed that out directly, it would have saved my guessing work.

    The "art" of the FMCN's press release is that it never said directly that LCD 1.0 poster frames are not liquid crystal display, but it does not exclude the possibility that it was not liquid crystal display. This may look smart now, but this does not help portray an honest company image.
    Dec 4 12:48 AM | Likes Like |Link to Comment
  • A Close Look At Focus Media's LCD and Poster Frame Network [View article]
    Did you realize that the LCD 1.0 poster frames were merely traditional poster frames when you wrote your article?
    Dec 3 09:26 PM | Likes Like |Link to Comment
  • A Close Look At Focus Media's LCD and Poster Frame Network [View article]
    What I can make out of from the company press release, your article and your comments is that the LCD 1.0 poster frame is not made out of LCD, but poster frame.

    The company never directly acknowledged that they are not LCD, but used the following names, all suffixed with device.

    1. LCD 1.0 picture frame devices
    2. traditional picture frame devices
    3. 1.0 picture devices

    When the company mentioned the same type of frames in its poster frame network, it used the word "traditional frames" without suffixing it with device.

    I call this "miscommunication" in present continuing mode.
    Dec 3 07:13 PM | Likes Like |Link to Comment
  • A Close Look At Focus Media's LCD and Poster Frame Network [View article]
    Where did you get this LCD 1.0 photo? It just does not look anything LCD but a common poster frame to me. First, it is too tall too wide and has too high resolution. Such LCD, if existed, would be very expensive. Second, such LCD would be very thick as well, and this photo shows a thin edge. Third, the surface is not glossy, not as reflective as the edge. It looks in every way like the non-digital poster frame you posted below it.

    Why was this high-tech large-format high-resolution LCD 1.0 picture frame deployed in the second tier city without first deployed in the 1st tier city?

    "The LCD 1.0 picture frame devices are included in the Company's LCD display network device count because, when the Company developed its LCD display network in Tianjin , Kunming and Shijiazhuang , it encountered difficulties in installing LCD screens or LCD 2.0 digital screens due to a lack of adequate power sources or other technical limitations, and therefore opted to use some traditional picture frame devices in these areas. Since the LCD 1.0 picture frame devices in these three cities were developed by the Company's LCD display network division, the Company has consistently included such devices as part of its LCD display network device count since it first began installing them. The LCD 1.0 picture frame devices also carry the Focus Media logo, unlike the traditional frames in the poster frame network. As disclosed in the Company's third quarter earnings release, the Company had 391,304 traditional frames available for use in its poster frame network as of September 30, 2011 . This number does not include the 29,878 1.0 picture devices in Tianjin , Kunming and Shijiazhuang as of the same date that are counted as part of the LCD display network."

    -- this is from the company response... uhh... should we understand that this LCD does not need power to run? The text reads really fishy.
    Dec 2 05:12 PM | Likes Like |Link to Comment
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