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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]
    Dear John Wilson: I am sure the author of the article will have a suitable response for you, but I would like to offer some of my thoughts.

    The new CEO was correct that roll-to-roll pilot production has been achieved. But he lied that the such a pilot production was achieved in June. The company's Chief Technology Officer, who is a officer of the company, told investors that roll-to-roll pilot production has been achieved in March 2011.

    The author is correct that UniPixel has not solved any production problems. Currently, the yield is about 10% (or worse), as evidenced by only a few sensors having been shipped to the "tablet development partner" (out of at least 500 sensors in a roll). The yield cannot be improved, as it is impossible to reliably print (and/or plate) 5-micron wide lines of conductive ink deposited on PET - evidenced by flexo industry's best practices manual and the website of the Lufkin facility operator and owner. And, yes, I have visited and observed operations at both Lufkin and Rochester.
    Jul 16 01:54 PM | 1 Like 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]
    Chris: UniPixel's stock was originally priced at $41.42. Now it is at $7.63.

    That 7" tablet selling for $30 after rebate TODAY is perfectly functioning and in like-new condition - no scratches and dents - coming from the manufacturer. The 4-point touchscreen is more than adequate. Instead of buying 4 shares of UniPixel's techno Ponzi, you can buy the tablet and see for yourself. You will not be disappointed.

    Now, did UniPixel's CTO announce the achievement of roll-to-roll pilot production in March 2011, or not?
    Jul 16 01:43 PM | 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]
    paulinprague: Yes, I heard that too, except that it is not coming from Dell, but from a large Chinese manufacturer. You can buy such a tablet right now for $30 in the United States: http://bit.ly/1oItJ9L It uses a single-layer ITO sensor, something that's apparently news to UniPixel's CEO.
    Jul 16 01:03 PM | 2 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]
    abul0987: So you find that interesting, but you do not find interesting that the company's Chief Technology Officer told investors that roll-to-roll pilot production was achieved in March 2011, thereby contradicting the company's current CEO.
    Jul 16 01:00 PM | 1 Like 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]
    big_mountain_photo: There is no such thing as an analox roll. There are no commercially available "low porosity ceramic analox [or any other] rolls" that will allow reliable printing of 5-micron wide lines of conductive ink on PET substrate. There is no such thing as "Copper-Nickel EN plating."
    Jul 16 12:58 PM | 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]
    rogerxavier: Actually, it is pretty clear that the pilot yield is 10% or less. According to the CEO, only a few sensors have been shipped, yet UniPixel's datasheets shows a 500 ft (at least 500 sensors) roll.
    Jul 16 12:55 PM | 1 Like 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]
    the_guy_who: Time actually works for the shortsellers, here. With every passing quarter, the company's cash gets drained (at a pace of $3+ million a quarter), while the lab equipment gets obsolete. So the shareholders' stake gets smaller and smaller, eventually going to zero (Intel has a claim on $10 million fixed assets, at book).
    Jul 16 12:52 PM | 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]
    jansenrob19: My understanding is that Kodak is being paid by UniPixel, no matter what, and that is why it is "working with" UniPixel. In other words, UniPixel is simply a customer of Kodak. Do you have any evidence to the contrary?
    Jul 16 10:56 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]
    goodybob: Didn't Mr. Hawthorne promise that to "reduce the complexity and speed our time to market, we have now focused our technical work streams on a development project to produce an initial product with the tablet market?" Yet even before tablet sensor production has been achieved, he now say that the "company is running concurrent development projects to support release of an all-in-one touch sensor product."

    Why would the company take on AIO, before ACTUAL tablet sensor production has been achieved and validated?
    Jul 16 10:27 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]
    kcchris: The SEC might care what the CTO, a named officer of UniPixel, told investors in 2011. The process today is exactly where it was in 2011. One roll of UniPixel's film is 500 ft (or 1000 ft), meaning, it should contain at least 500 tablet sensors. Yet the company has shipped only "a few" sensors to the mysterious development partner. Therefore printing and plating yield is less than 10%, in other words, the sensor cannot be manufactured.

    In 2011, UniPixel's CTO, Mr. Petcavich, told investors that roll-to-roll pilot production has been achieved and he was showing samples off the production line. So, either he, a named officer, lied in 2011 or the new CEO is lying now.
    Jul 16 10:21 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]
    goodybob: Already pointed out that Mr. Hawthorne's "reporting" is not conservative, but is in fact intentionally misleading. Mr. Hawthorne misled investors about at least two things: 1) DisplaySearch's tablet projections for 2018 (415 million, not 448 million), and 2) the timing of the roll-to-roll pilot production was achieved (March 2011, not June 2014).
    Jul 16 10:10 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]
    Chris: Do you deny that UniPixel's CTO announced that roll-to-roll pilot production of UniPixel's touch sensor was achieved in early 2011, as announced by him on the March 10, 2011 earnings call (listen 10-15 minutes into the call)?
    Jul 16 09:58 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]
    BIgDogDog: The short don't really need to cover, ever, despite the 30% borrow rate. The company will drain at least $3 million a quarter until the money runs out and the remaining fixed assets are taken by Intel.

    The new CEO is not conservative. He misled investors that DisplaySearch was forecasting 448 million tablet units shipped in 2018. The actual number was 415 million. He also intentionally misled investors that the pilot production was achieved last month - that achievement was announced on an earnings call in March 2011 by the CTO.
    Jul 16 09:52 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]
    goodybob: UniPixel has made absolutely no progress toward achieving ACTUAL (as supposed to lab or pilot) production. Are you aware that UniPixel's roll-to-roll pilot production was announced in March 2011? Here is what the company's CTO and General Manager said to investors at the time:

    "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 CONTINOUS FLOW manufacturing process. In fact, ... we have already begun installing proprietary manufacturing equipment that can support up to a half a million sq ft of film production per 8 hour shift.

    I will be showing ... next week ... the first ROLL-TO-ROLL UniBoss PILOT production films."
    Jul 16 09:36 AM | 4 Likes Like |Link to Comment
  • China XD Plastics: When The Numbers Don't Add Up, There's Over 80% Downside [View article]
    thub: The list of ALL China XD's customers (also known as "distributors") and the date China XD signed the sales contracts with them (Christmas day) is in Exhibit 4.13 in the 10K: http://1.usa.gov/1r6usrM

    Look at the "List of Material Loan Agreements and Material Business Agreements" prepared by Han Kun Law Offices.
    Jul 12 02:20 PM | Likes Like |Link to Comment
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