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Richard X Roe

 
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  • Why It Will Take Years For Uni-Pixel To Reach Production, If Ever, Meanwhile Executives Will Still Get Rich [View article]
    V@lue Guy: UniPixel solved all the physics, chemistry, and engineering problems more than three years ago. On the earnings call in March 2011, Mr. Robert Petcavich provided an operational update indicating that the company had successfully completed roll-to-roll pilot production runs (listen 10-15 minutes into the call):

    "We have run PILOT production materials at very high rates on a prototype line which has been the R&D proving ground for our large scale CONTINUOUS FLOW manufacturing process... I will be showing ... next week ... the first ROLL-TO-ROLL UniBoss PILOT production films [my CAPS]"

    Note that the terms "continuous flow" and "roll-to-roll" are used interchangeably by UniPixel (see the section "About UniPixel" in the June 25, 2014 press release). Also note that UniBoss is simply the "old" brand name of UniPixel's touch sensors (see http://mwne.ws/1t38hUt )

    Mr. Petcavich is the Chief Technology Officer of the company ( http://bit.ly/K0r3a6 ) and he has been signing the company's annual reports and the 10K filings with the SEC as a Senior Vice President and General Manager. In a language similar to the August 7, 2014 press release, he described the completion of the first pilot runs as significant progress to be closely followed by actual production and imminent commercial shipments:

    "After introducing the UniBoss solution ... in May [2010], we have focused on UniBoss development efforts, on continuous improvement of materials, the processes by which we achieve the highly transparent conductive lines and spaces. We expect the next phase of UniBoss prototypes to allow OEMs and their supply chain to qualify the product for one or more commercial opportunities. Concurrently, we are making plans to put in place high speed production equipment ... We anticipate the equipment will be installed and up and running by July of this year... We have already begun installing proprietary manufacturing equipment that can support up to a half a million sq ft of film production per eight hour shift [roughly equivalent to annual revenues of over $1 billion using current market pricing]"
    Oct 19 04:01 PM | Likes Like |Link to Comment
  • UniPixel dives after announcing R&D chief's departure [View news story]
    pat45: He has absolutely no experience with printing or electroless plating - the two components of UniPixel's manufacturing process for touch sensors. At the age of 69, it is too late for him to learn, even if he were a genius. I wonder whose buddy he is.
    Sep 20 01:18 PM | Likes Like |Link to Comment
  • UniPixel dives after announcing R&D chief's departure [View news story]
    Arnold Kholodenko, according to public records data, is a 69-year old retiree living in California (while UniPixel's facilities are in Texas and New York State). He was hired on September 8 (or at least, granted options on that date) , which makes today's press release, 11 days late, a bit suspect.

    Dan van (not Vas) Ostrand was famous for stating in August 2012 that UniPixel was ramping up touch sensor production, with expectation for commercial sales by the end of 2012. As of today, UniPixel has shipped exactly ZERO touch sensors for revenue.
    Sep 19 04:03 PM | 1 Like Like |Link to Comment
  • Atmel: Why This Chipmaker Deserves Your Attention [View article]
    What, no more XSense talk? I thought Atmel had capacity to bring $100 million in XSense revenues this year at 50% gross margin. Atmel's management is simply not to be trusted.
    Aug 13 11:07 AM | Likes Like |Link to Comment
  • UniPixel -9.6% AH; Q2 results, InTouch update fails to impress [View news story]
    John: UniPixel is quite in play for a microcap - people are paying 25% a year to borrow the stock, so they can short it. Those people might know something.

    Why would you say that metal mesh is a large play? The only metal mesh I have seen this year in stores is O-film's silver mesh in a Samsung AIO and Atmel's XSense in an HP tablet. Both O-film and Atmel are experiencing low manufacturing yields and are not competitive with ITO.

    Price is indeed the key. You can buy a 7-inch capacitive touch module for $7 retail right now. No metal mesh comes close to that, and UniPixel's prospects are much worse. The current cost estimate for a module with UniPixel sensor is something like $20 for a 7-inch sensor (one sensor per sq ft), even if UniPixel ever manages to produce functioning sensors at 80%+ yield! UniPixel has not been able to produce and ship even ONE ROLL of film, as disclosed on the call!

    You are also correct about Kodak. Kodak has been a complete failure in touch, ever since 2011 when it claimed it had conquered the touch screen market with its PEDOT. As of today, no commercial product uses any Kodak's PEDOT. And, no, Kodak's alleged client, Xymox, has not even finished reliability testing - as you know, PEDOT's resistivity, unlike ITO, is unstable and degrates with time.
    Aug 8 09:47 PM | Likes Like |Link to Comment
  • Uni-Pixel beats by $0.01 [View news story]
    joesepgytw: That is exactly what they said. No inventory, no costs of goods, no revenue. Sending pieces of film instead of actual functional sensors in rolls would do that to even the best company!
    Aug 7 05:19 PM | Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    piggybanksdead: You are confused, so let's reiterate. Sandy Qin is obviously lying - he or she claims China XD signed 1-year (annual) contracts in 2012 while the 2012 10K states that the contracts were 3-years.

    No REAL Chinese supplier will sign ALL of its sales (distributor) contracts on Christmas Day, as it is impractical (the distributor contracts will obviously arrive by mail/fax/email on various dates, not all on Christmas Day). If China XD signed any other sales contracts on any other day in 2012 or 2013, then China XD intentionally concealed them from Han Kun Law, the law firm that was tasked with performing due diligence for the bond offering.
    Jul 25 09:29 AM | Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    piggybanksdead: I don't know whether long term contracts are usual or unusual, but Sandy Qin told you that the contracts signed by China XD on Christmas Day were annual ( that is, 1-year) contracts, not long-term contracts, thereby contradicting the 10K signed by the CFO (where he claims the contracts are 3-year contracts). If the company signed any other distributor (that is, sales) contracts in 2013, then the company INTENTIONALLY concealed them from the law firm performing the due diligence for the bond offering (which was supposed to review in late 2013-early 2014 all the contracts signed in 2012 and 2013)

    Also, the suppliers may belong to chains or whatever, but none other than China XD pretends to sign ALL of its sales contracts on Christmas Day.
    Jul 25 08:10 AM | Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    piggybanksdead: Your investor relations manager is lying to you. See the 10K filed in March 2013: http://1.usa.gov/WFM6pP , page 19:

    "We enter into distribution agreements with local distributors (that is, China XD's customers) in areas where large automobile manufacturers are located. The distribution agreements usually have a term of THREE YEARS."

    So, the agreements signed on Christmas Day 2012 were 3-year contracts, not 1-year contracts, and the distributors could not have known the auto parts manufacturer's plans for the next three years.

    Also, if there were any other other contracts in 2013, why did the company hide them and did not provide them to Han Kun Law as part of the due diligence for the bond offering performed in late 2013-early 2014?
    Jul 24 11:23 AM | Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    wolf777dog: A CV is no defense against fraud. Here is an example of a magna cum laude graduate of Georgetown Law School committing accounting fraud: http://nyti.ms/1jVIKJk

    Money is not free for Chinese businesses who do not violate the Foreign Corrupt Practices Act, but it is free for politically connected individuals and their shell games who are not bound by Western ethics or laws.
    Jul 23 02:40 PM | Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    wolf777dog: You are confused. Profiting from an analysis of information that is either immaterial or public (and from the publication of such an analysis) does not constitute a fraud. On the other hand, publicly supporting a fraudulent company (including a glowing review of a book by the COO that contradicts YONG's SEC filings) and signing fraudulent 10Ks (in a Director capacity), while benefiting from it, probably is.
    Jul 23 10:41 AM | Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    piggybanksdead: Here is the link: http://1.usa.gov/1r6usrM Search for the "List of Material Loan Agreements and Material Business Agreements." All sales contracts with all China XD customers in both year 2012 and year 2013 are signed on the respective Christmas Day.
    Jul 23 08:38 AM | Likes Like |Link to Comment
  • Why It Will Take Years For Uni-Pixel To Reach Production, If Ever, Meanwhile Executives Will Still Get Rich [View article]
    DavidFyhrie: Not sure what "super tought" is, but Apple's touchscreen is (and will be in the foreseable future) made of ITO, which is flexible, low-cost, durable, high-performance, and with excellent optical properties - it will probably be made in Taiwan by one or more of the large players there. So UniPixel is definitely not involved. Remember, UniPixel has only sent "a few" samples to its development partner, the mysterious no-name "tablet manufacturer," which shows that UniPixel's manufacturing yield is 10% at best - in other words, UniPixel's touchscreen sensor is not manufacturable.
    Jul 23 01:36 AM | Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    wolf777dog: Mr. Homer (his name is actually Hong) Sun (not Sin, but he is a Sinner indeed!) facilitates fraud and money laundering, as proven in the Yongye case (that company was "taken private" by defrauding the China Development Bank at a valuation inconsistent with the cash and equivalents balance and its reported growth rate). If he is the smartest man in China at Morgan Stanley, then Morgan Stanley's investors are in big trouble.

    Money is indeed free in China. China XD has disclosed that it was offered a loan with 0% interest, that is a no-interest loan, by the local government, but somehow the company forgot to take it (the CEO claims he no longer needs it).

    If the company is a fraud, as the preponderance of evidence suggests, why would reported earnings matter anyway?
    Jul 23 01:29 AM | Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    piggybanksdead: The CFO won't be able to answer this question: Why are all, yes, all, the revenues reported by China XD generated under sales contracts signed on Christmas Day?
    Jul 23 01:20 AM | Likes Like |Link to Comment
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