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  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    Aaron Faulkner: Of course Mr. Altucher's article proves that Neonode is a scam. The same arguments in the article are still used today to pump the stock price. In reality, Neonode has made absolutely no impact on the way we interact with information, both on the software side and the hardware side as it is the same old 1982, out-of-patent technology shown on that video I referenced.

    And did you note Cowen's analyst expectations? He "expected" revenues to be $43 million in 2013. Then in mid 2013, he expected revenues to be $37 million in 2014. The in mid 2014, he expected revenues to be $12 million in 2014. But revenues turned out to be just $4 million in 2013 and about the same in 2014, accompanied by huge losses and worsening cash drain. But hey, in anticipation of "expected" revenue growth, you have initiated a position.
    Mar 4, 2015. 09:18 PM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    mecherta: Correction, the stock was $4.70 right then ( http://seekingalpha.co... ). The Seeking Alpha article you quoted, authored by Mr. Altucher, simply proves that Neonode is a scam and whatever little has changed since 2012 has been for the worse. Specifically, Neonode's IP turned out to be worth zero (Neonode abandoned its efforts to monetize it last year) and trailing 12-month license revenues dropped from $6.6 million at the time the article was written to $2.8 million now. No earnings ever materialized, and the cash drain intensified.
    Mar 4, 2015. 08:15 PM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    Neonode has sold zero products since Neonode AD went bankrupt in 2008 (check revenue recognition disclosures!).

    Neonode's "base" and "partnership" has resulted in less than 0.2% (and declining) market share for Neonode's "technology" (using Neonode's definition), declining license revenues, and perpetual cash drain. That would be simply impossible, if Neonode's technology was less expensive and better performing than the alternatives, as Neonode's management has claimed since 2010. Therefore, Neonode is a scam.

    It is simply not true that HP "trusted Neonode technology in their entire printer line," which can be easily verified by contacting HP sales or customer support, or simply taking a look at http://bit.ly/17NPjZj . Moreover, Neonode has not disclosed in its SEC filings whether it gets any license revenues or simply an "engineering service fee" from its printer licensee(s), nor has it ever mentioned HP there. The whole HP business is suspect, as Neonode rewarded the HP program manager who was supposedly responsible for the HP decision to move to infrared in 2013 with a "job" just as the printers started arriving from China.

    The reality is that today capacitive touch is cheaper and better performing than Neonode's technology (plain old infrared), except for maybe some very large screen sizes (which, however, are very low-volume applications). That is why Neonode's technology is obsolete and outdated. But it still can be used to shoot balloons: http://bit.ly/17SrdfB
    Mar 3, 2015. 10:16 AM | Likes Like |Link to Comment
  • UniPixel's (UNXL) CEO Jeff Hawthorne on Q4 2014 Results - Earnings Call Transcript [View article]
    Nomo123: I do understand the context perfectly. Hawthorne has systematically misled investors since April 2014.

    Diatomic oxygen in the air is free. Some trees have learned how to make it for free. Similarly, display manufacturers simply incorporate the touch sensor in the display while making that display - no new major steps or materials needed. Thus, the touch sensor is free (the TOUCH MODULE is not yet free, except for smartphones, where BOE is offering it for free too). In-cell/on-cell sensors have been around for a long time, but the display manufacturers did not focus on them and yield was lagging. This finally changed this year, because the display market for smartphones has slowed down, and is even down for tablets. In-cell/on-cell touch has arrived, and it spells doom for module manufacturers (integrators) - the supposed UniPixel customers - even O-film is rumored to be firing 10,000 employees.

    Nobody can compete with free. Yes, the display manufacturers haven't focused on in-cell/on-cell for touch-enabled AIOs yet. But the reason is that only 3 million touch-enabled AIOs ship each year, and there are tens, even hundreds of ITO and non-ITO, film and non-film, touch companies, all trying to compete for the same limited business, which means that everybody loses money and nobody cares about what UniPixel has to offer. Intel thinks that metal mesh touch sensors will have to be $1/sqft by the end of the year to compete. UniPixel's Hawthorne says UniPixel can "definitely" go to $10/sqft, or 10x as expensive as where the market will be, if InTouch ever gets produced at a decent yield, of course, not at the current 30% yield at the roll-to-roll tester.

    No way UniPixel escapes filing for Chapter 11 by the end of 2016.
    Mar 2, 2015. 07:46 PM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    Matthew: Actually, my first UniPixel article ( http://bit.ly/HH2Ogd ) was published on November 7, 2013.
    Mar 1, 2015. 11:06 PM | 1 Like Like |Link to Comment
  • UniPixel's (UNXL) CEO Jeff Hawthorne on Q4 2014 Results - Earnings Call Transcript [View article]
    The amended Intel agreement ( http://1.usa.gov/1zuK5Ih ) states, among other things:

    "Equipment Assignment Trigger" means the occurrence of (i) UniPixel becoming subject to any bankruptcy, insolvency or liquidation proceeding during the Term of the Agreement; or (ii) UniPixel committing a material breach of the license agreement, which breach is not cured, if capable of cure, within thirty days' notice by Intel. Any inability by UniPixel to comply with the capacity requirements in Sections 4.3.1 or 4.3.2 will not constitute a material breach of the Agreement.

    Equipment Assignment.

    7.2.1
    In the event one of the Equipment Assignment Triggers listed in Section 1.6(ii) of the Agreement occurs during the Term and prior to payment in full of the Commission Cap, UniPixel may, at its sole option either (i) UniPixel hereby agrees to pre-pay to Intel Commission in an amount equal to the Commission Cap less the total of all previously paid Commissions to Intel or (ii) UniPixel hereby agrees to assign all title and ownership to the Equipment to Intel, either payment or assignment must occur within thirty (30) days of such occurrence.

    7.2.2
    In the event that the Equipment Assignment Trigger listed in Section 1.6(i) of the Agreement occurs during the Term and prior to payment in full of the Commission Cap, UniPixel hereby agrees to assign all title and ownership to the Equipment to Intel.

    7.2.3
    In the event that UniPixel assigns ownership to the Equipment under either Section 7.2.1or Section 7.2.2 of the Agreement, UniPixel will then immediately permit Intel or its designee access to UniPixel' s facilities and property where the Equipment resides to remove any Equipment. UniPixel will further provide all necessary assistance to Intel or its designee to complete documentation to secure title and ownership to the Equipment at no additional cost.
    Mar 1, 2015. 09:04 AM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    Matthew Waterman: The author spotted a trend of Neonode buying a few more pencil erasers? What does the Depreciation and Amortization expense trend for a service company like Neonode tell an investor manager, exactly? That's right - nothing. And certainly doesn't tell anything about any currency effects.
    Feb 28, 2015. 12:41 AM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    Aaron Faulkner: Right. Depreciation and amortization has nothing to do with poor or rich company management. Neither does it have anything to do with performance impact due to operating in different world markets. And it has even less to do with currency effects on Neonode's financials.

    Depreciation and amortization do not come from equipment that is out of date. Neither do they depend on any expansion. For Neonode, these are quarterly expenses that are simply calculated by dividing the price Neonode paid for computers, software, furniture, fixtures, and pencil erasers by 12.

    This is basic Financial Reporting 101. No experience required.
    Feb 28, 2015. 12:37 AM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    Matthew Waterman: If you are an investment manager, can you please explain to me (and the author) what his last chart means? It is titled "Operating in different world markets can negatively impact performance" yet it shows Neonode's "Total Depreciation and Amortization." And the author seems to be using it to illustrate the effects of currency movements on Neonode's financials.

    It looks nice and sounds important, but it is a complete nonsense, like most of the article. Or did I misunderstand something?

    I have been arguing that this article is a perfect illustration of the sophistication of Neonode's pumpers and patsies.
    Feb 27, 2015. 11:30 PM | 1 Like Like |Link to Comment
  • UniPixel's (UNXL) CEO Jeff Hawthorne on Q4 2014 Results - Earnings Call Transcript [View article]
    tommyboy1: Let me chine in: Hawthorne has filed two false 10K filings with the SEC already. Looks like he is intent on being the first UniPixel CEO to go to jail.

    The cash has been squandered, because UniPixel will file for Chapter 11 by the end of 2016. The things that UniPixel is trying to make - touch sensors - are now available for free. Intel says that metal mesh touch sensors from the real companies that make touchsreens will be at $1 per sqft by the end of the year. But Hawthorne says $15 per sqft. Either Intel or Hawthorne is wrong. We had this exact thing play out in late 2013, when the then CEO was also complaining that Intel is wrong about touch module pricing.
    Feb 27, 2015. 04:40 PM | 2 Likes Like |Link to Comment
  • UniPixel +5.4%; company reports tablet, PC progress with Kodak [View news story]
    shakazoid: UniPixel will file Chapter 11 by the end of 2016 - it is that simple. UniPixel cannot compete with FREE touch sensors.
    Feb 26, 2015. 11:18 PM | Likes Like |Link to Comment
  • Uni-Pixel misses by $0.18 [View news story]
    JoeNatural: But "Inquiry To Kodak Reveals Bullish Outlook On Uni-Pixel," no?

    How big of a scam is UniPixel now?
    Feb 26, 2015. 08:52 PM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    Green River Asset: So nice of you to join the discussion. It is not clear at all whether Neonode misreported the NRE expense in Q3 or in the previous quarters, like they did before (remember the VAT "mistake?"). If you hear the correct numbers, please share.

    On a side note, did you read the latest research by DisplaySearch (now IHS)? They now think that infrared touch will be OUT of all computing devices by 2016, and those include all phones, tablets, notebooks, and AIOs. And as the overcapacity in capacitive touch (pun intended) just got worse this year (due to in-cell and on-cell finally achieving good yields), companies like Truly (and there are tens like it) are rushing into the printer and vehicle segments. Capacitive is already cheaper than infrared for most diagonal sizes, and so it is game over for Neonode.

    But, of course, Neonode's CEO assured us that last year's financing would bring the company "comfortably" to breakeven. He is about to be proven "wrong."
    Feb 25, 2015. 07:15 PM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    stampcollect15: What is the SEC's guidance for immateriality?

    I thought that SAB99 ( http://1.usa.gov/1zJ3aYr ) explicitly stated that materiality concerns the significance of an item to users of a registrant's financial statements. A matter is "material" if there is a substantial likelihood that a reasonable person would consider it important. 100,000 missing license-bearing Neonode units might be important, no?

    Evaluation of materiality requires a registrant and its auditor to consider ALL the relevant circumstances, and the staff believes that there are numerous circumstances in which misstatements below 5% could well be material. Qualitative factors may cause misstatements of quantitatively small amounts to be material.
    Feb 25, 2015. 05:20 PM | Likes Like |Link to Comment
  • Neonode: A Light At The End Of A Dark Tunnel [View article]
    stampcollect15: Best of luck to you finding those missing 100,000 Neonode zForce NN1001 chips!
    Feb 25, 2015. 04:03 PM | Likes Like |Link to Comment
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