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Albert Podell
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Graduate of Cornell University, 1958. Graduate Fellow, Univ of Chicago 1958-60. Received Doctor of Laws degree from New York University School of Law, 1976. Have practiced litigation from 1976 until retirement in 2010. Have been an active stock investor since 1964,and active theatrical investor... More
  • Barron's UNXL Diatribe Exposed: CEO Letters Prove Hatchet Job 41 comments
    May 12, 2013 12:56 PM

    I am shocked and disgusted by what I have just learned about the lack of journalistic ethics, or even common human decency, on the part of Avi Salzman, the biased new staffer at Barron's whom the shorts seem to have somehow persuaded to do their dirty work by writing the totally one-sided, negative article filled with falsehoods and snarky innuendo about Uni-Pixel. The man is a disgrace to the profession, and if he wants to sue me for saying that, then bring it on, boy, because the truth is a complete defense.

    What I have just learned is that Mr. Salzman was given carte balance at Uni-PIxel, including a full 90-minute interview with its CEO and President, Reed Killion. This is something Mr. Salzman conveniently fails to mention in the article. Just as he fails to mention any of the dozens of positive things Mr. Killion told him, and proved to him, about UNXL. Instead, Mr. Salzman quotes Mr. Killion only twice, and uses material that could have been from an of Killion's speeches of conference calls. I mean, come on, sports fans, what kind of journalist is given a long, open, on-the-record interview with the President and CEO of a company and fails to mention it?

    Why does Salzman fail to mention that he was given complete access to the Uni-Pixel facilities. and the long interview with Mr. Killion, and detail information from its chief technical officer? Because that admission would totally destroy the biased thesis with which he embarked on this project. As a former journalist, I find this behavior sickening, even for an inexperienced kid who was only an intern a year ago.

    I obtained all this information from Mr. Killion, in two private letters he sent to me as a shareholder, early this morning, after I had sent him a 4:00am email expressing my outrage at the distorted, disdainful, dismissive, despicable Barron's article.

    Mr. Killion has asked me NOT to share the contents of his letters because he believes that would violate his strict policy of not commenting on negative news and letting the performance if the Pixie speak for itself. Sorry, Reed, but I am going to ignore your request, and I hope this does not ruin our nascent relationship, but I cannot sit idly by and let hundreds of innocent investors. many of whom have put their life savings into the Pixie because of its brilliant technology, and were hoping to ride tihis rocket into a comfortable retirement. be unfairly panicked to sell at the opening tomorrow because they misguidedly believe the Barron's piece speaks the truth. Your letters, which I append below unedited, speak the truth, and the world needs to know the truth.

    In closing, I call upon the editors of Barron's, which I read regularly, and for which I have previously had the highest respect, to immediately investigate this situation. What assignment was Mr. Salzman given? Whose idea was it? Was he instructed to write a negative article? Doe she have any friends who are short UNXL? How come no editor realized how one-sided his diatribe was? Did anybody get paid by the desperate shorts, who are now more than one hundred million dollars underwater, to write this awful article?

    Killion's letters are below, as is an email from UNXL chief technical officer. What do you think?

    Good Morning Al, [Dated; May 12, 2013]

    Thank you for the continued support and interest in UniPixel. Ah yes, Avi spent about an hour and a half on the phone with us. He asked for the time to support the Barron's top 10 stocks since Apple, NOV, and the rest were well known he wanted more information on UniPixel. He then went through the old and worn out short manifesto, which we answered and completely destroyed . We then invited him to come down to see the manufacturing facility and meet the UniPixel team. We even offered a video tour of the plating facility.

    I gave him a background on TMOS and the display industry. OLED, LCD, Plasma and that history has shown it takes 15 years and Billions in infrastructure and Billions in development dollars to get to production.

    I explained to him that we never gave any guidance or told anyone we would be producing TMOS displays, that our model was a licensing model and that the companies we aligned with did not deliver functional back planes. We did build full motion video prototypes and those prototypes were much better than the first OLED, Plasma and LCD prototypes. One of our engineers figured out how to burn out the shorts and hiluxes in the back planes we received from Philips to build the prototypes. I explained to him that we decided to sell TMOS in 2010 after 5 years of actual development because we estimated it would cost about $200 million to get TMOS production ready. The Performance Engineered Film platform we built was our focus since our model was always going to be to license the display technology and sell the major sub component of the display (optical active layer film) to the licensees.

    I went into a little more detail.

    I then took the blame for our failure to successfully launch FPR film. I told him we never gave financial guidance, but since the analyst had projected revenue on film that in a qrtly conf call in June/July of 2011 I took the spear and said our revenue would be 0 and that we were focusing all of our efforts on UniBoss. I went into more detail on this as well.

    We walked through the additive vs subtractive mftg process UniBoss has over the ITO and other ITO alternatives. We covered the competing technologies in detail, we walked him through material costs, we walked him through scale.

    Dr. Bob was kind enough to give him a list of his personal successes and the patents associated with those successes. He mentioned none of it. Some of those successes were quite impressive. In Short Avi, was used by the Shorts. I am less than impressed with the Short attacks, half truths and out right lies.

    I enjoyed your rebuttal and your support of UniPixel. This kid got it wrong on so many different fronts. I look forward to catching up with you soon and meeting you.

    Kind Regards,

    Reed

    Hello Again Al,

    To add to the email I just sent on my Iphone this is an FYI:

    I went into great detail as to the history of UniPixel. I explained that UniPixel had been a development stage company for 10 years and that display technologies as a rule take 15 years to get to production with large Billion dollar infrastructures and Billions in development dollars to get them to market see (LCD, Plasma and OLED) We had actually taken TMOS further and faster to our first full motion video and on less money than all mainstream display technologies before us. I explained to him the decision we had to make, since we did not receive any functional back planes from the companies we were working with and we thought it would take about $200Million more in development funds combined with a major players infrastructure to see production we decided to sell the TMOS and focus on the Performance Engineered Film technology.

    I was very open with this kid about the fact we had never given any guidance due to the fact we were a development stage company and that in June of 2011 I reset the analysts expectations to 0 revenue when they believed we would be launching the FPR fILM. I took the blame for the stumble on FPR and decided the retail protective cover films market would take away from our finances and focus on bringing up UniBoss. The market had turned with all the low cost solutions that were hitting the market and we did not have the finances to execute a retail sales and marketing strategy around retail protective cover films. We developed Diamond Guard to support UniBoss and believe UniBoss will drive Diamond Guard adoption.

    To attack Bernie Marren is an absolute joke. All you need to know is a little about Silicon Valley History to know that he has done more with his life than most could do with 100 lifetimes. One of the original execs at Fairchild, CEO of AMI (Sold for Billions) CEO Western Micro (sold for a Billion) etc………. The man is the real deal, he is 78 years old and is winding down Opti. He sits on boards because he wants to, not because he has to.

    This kid is a friend of some shorts and basically had the short manifesto against UniPixel torn apart during the 1 hour and 30 minute interview, but yet he went through with the article anyway.

    I have never said anything to anybody other than we have a deal with a PC Manufacturer. He is lying about the analyst or the analyst is lying to him that said I said anything else but PC manufacturer. We walked him through the additive vs subtractive process, the roll to roll and the 0 waste of materials. I invited this kid down to see the manufacturing lines and to meet the executives as well as staff. A real due diligence effort would have at least have him take us up on setting up a video tour of the plating line.

    We talked about the value Kodak brings to the table on vertical integration and scale. I could go on, but he took a few shots at Bob and Bob was nice enough to send him the following. As you can see the Barrons article was nothing but a worn out hit piece.

    My reference regarding the question of our old CSO was that his assumptions maybe off, but his math was always dead on, meaning he had his own beliefs that were certainly not main stream, but he was brilliant. The gentlemen was a Calvinist and as honest as the day is long. He could play every instrument in the symphony at expert level save the woodwinds. His IQ was off the charts.

    Keep this between us, because I have a policy of not responding to negative attacks or positive articles. I believe we let our actions and results speak for themselves quarterly. If you want to use anything please give me a shout or drop me an email.

    Kind Regards,

    Reed

    From: Robert Petcavich <rpetcavich@unipixel.com>
    Date: Tuesday, May 7, 2013 7:35 AM
    To: "avi.salzman@barrons.com" <avi.salzman@barrons.com>
    Cc: Reed Killion <rkillion@unipixel.com>, Ronald Both <ron@liolios.com>
    Subject: Unipixel Follow Up

    Avi,

    Thanks for taking time to discuss the Unipixel story with Reed and I yesterday. We hope we were able to give you a comprehensive overview and insights into our business model.

    You mentioned you would like to have a few examples of patents or IP from my past as a reference point for potential future success. Below are a few examples that you may find of interest.

    Patent 4,456,638 - Polymer Packaging Material for Liquid Crystal Displays- This was the world's first all plastic LCD and led to formation of a company called Polytronix Inc to develop and commercialize the technology. Polytronix was eventually acquired by JDSU Uniphase and is still in operation today .polytronix.com.

    Patent 4,424,900- Anti-Static Packages and Packaging Material- Created the first transparent metal shielding bag for sensitive microelectronic devices. 3M acquired the patent from me in a private transaction in 1989 and was a multi million dollar revenue generator for them for many years. Www.3M.com

    Patent 4,666,263- Radiant Energy Reflector and Method of Construction Thereof- This was a silver based super reflector that allowed a 50% reduction in lighting energy costs in commercial buildings. This became a multimillion dollar product line and my company, Deposition Technologies Inc, was acquired by Material Sciences Corporation in 1986 for $25,000,000. (It was a Wall Street news article on Nov 6, 1985) The product became known as Specular+ and sold to large lighting companies like Lithonia etc. matsci.com

    Patent 4,876,426- Tray or Pan for Baking Batter Based Food Products in Microwave Ovens- Leveraging expertise from the design of stealth airplane coatings, I figured out how to apply it to microwave foods. Licensed the technology exclusively to General Mills Inc and it became a multi million dollar consumer cake product line.

    Patent 8,433,370- Automated interpretation of clinical encounters with cultural cues- This patent was issued to Dan Heinze, whom I hired in 1996 to develop and commercialize a process for automated medical billing, to eliminate fraud and up-charging in the medical field. The company we formed was called A-life Medical Inc based on a business process model and plan developed by me, as a result of being involved in a related business. I was founder, chairman and CEO, and the company was sold in 2010 to Ingenix, part of United Healthcare, for $85,000,000 cash. Www.alifemedical.com

    As mentioned in our call yesterday not all ideas that may be a technical success become a commercial success for all kinds of reasons such as bad market timing, lack of proper capitalization, poor management, and price performance competition. However, based on my past experiences, Unipixel is in the right place at the right time with great technology, and is well capitalized. It is all about execution now.

    Please feel free to call or email if you have any additional questions.

    Robert Petcavich, PhD

    CTO, Sr VP & GM

    Disclosure: I am long UNXL.

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Comments (41)
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  • netmore
    , contributor
    Comments (37) | Send Message
     
    wow
    12 May 2013, 01:45 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » wow indeed
    13 May 2013, 10:06 AM Reply Like
  • goodybob
    , contributor
    Comments (247) | Send Message
     
    Thanks Albert!
    Nice to see truth once again, as in the great Graycell SA article. The childish nonsense rumors, attacks, & lies that have occurred for the last several weeks were/are inundating all PR sources, only helping shorts, etc. Nice to see some good & needed PR. There was no reason for any stock to get a 50% haircut( I mean scalping) for almost nothing but twisting rumors making many rich, but all of us bulls & longs poor. And the parade of fruitless lawsuit hopefuls with a mixture of motivations seems to be another story entirely. Thanks for helping many fight fear of the unknown. Good momentum again yesterday...upward thru the clutter.
    19 Jun 2013, 09:00 AM Reply Like
  • chkecheze
    , contributor
    Comments (183) | Send Message
     
    OMG! WOW!!! Great, great job Al!
    12 May 2013, 08:16 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » Thank you, chunkyheese, looks like the damage in under control.
    13 May 2013, 10:07 AM Reply Like
  • Mukticat
    , contributor
    Comments (1076) | Send Message
     
    Yes. It's always a good idea to start a fight with the financial press. Call them liars, whores, whatever it takes to make them back down.
    12 May 2013, 10:53 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » Yes, but only when you have the facts on your side and occupy the moral high ground.
    13 May 2013, 10:08 AM Reply Like
  • Energy-Trader
    , contributor
    Comments (609) | Send Message
     
    Is that why the stock is now trading under $26 today.... because you have the FACTS on your side???

     

    It's lost $130 MILLION in Market-Cap since last Thursday's close.
    That's a Fact.
    20 May 2013, 05:44 PM Reply Like
  • goodybob
    , contributor
    Comments (247) | Send Message
     
    Energy-Trader = Due ONLY to lies & fear & manipulation. Truth is good, not the slanderous rubbish of the last 2 weeks. Big money will be back in to pump this ...the sooner the better. Thank you.
    18 Jun 2013, 11:36 PM Reply Like
  • yogabagaba
    , contributor
    Comments (21) | Send Message
     
    So Barron's has become a trashy biased tabloid. Interesting.
    13 May 2013, 01:12 AM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » I never said that, and I read and like Barron's. But somethng went very wrong with this article, and I am going up to their headquarters today to ask them to investigate.
    13 May 2013, 10:10 AM Reply Like
  • User 7580571
    , contributor
    Comment (1) | Send Message
     
    Thank you very much for your stellar efforts to negate this appalling piece of "journalism" Mr. Podell. Barrons should be ashamed, the editor who approved it disciplined, and the intern who wrote it fired! I will not be renewing my subscription.
    13 May 2013, 01:17 AM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » Good choice of words. I should also have used "appalling." I am heading up to their headquarters soon to demand an investigation of what happened here and how the kid went so far wrong. But do not cancel you sub -- write them a letter instead, right now, and tell them what you thinkm and whhy..
    13 May 2013, 10:14 AM Reply Like
  • cssdraw
    , contributor
    Comments (27) | Send Message
     
    Barrons has taken the low road.
    13 May 2013, 08:03 AM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » Avi certainly did. Too soon to condemn the entire publication.
    13 May 2013, 10:15 AM Reply Like
  • Stock Reversals
    , contributor
    Comments (206) | Send Message
     
    Never should have published the CEO emails to you, not cool
    13 May 2013, 08:53 AM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » One day you will understand.
    13 May 2013, 10:16 AM Reply Like
  • Mukticat
    , contributor
    Comments (1076) | Send Message
     
    Clearly Killeon was dying to respond but couldn't release a statement himself without looking churlish so he used you to leak it.
    13 May 2013, 02:19 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » No Comment.
    14 May 2013, 09:11 AM Reply Like
  • Aristides Capital
    , contributor
    Comments (293) | Send Message
     
    This is great stuff!

     

    1. "we had never given any guidance" -- Reed gave guidance for both at least "$6 million in revenue" and "positive free cash flow" on the FPR film in the past. It is on an audio recording for goodness sakes.

     

    2. why would an analyst make up the fact that the company told him the "PC manufacturer" was Dell? he wouldn't.

     

    Reed Killion has broken promises in the past, he lied today in this e-mail, and tomorrow he will __________________? Prove UniBoss to be a massive success? LOL!

     

    I understand the folks who own this as a long because they think it's a crowded short into a Russell 2000 add. I can't possibly understand the naivete of people who trust this management team. A management team, that in addition to their past disasters, recently said they didn't need to raise capital, and then raised capital. That recently said yields were great, and then gave away 50% of the gross margins to Kodak because they weren't sure how to do in-line test on their product without destroying it. I look forward to every press release or conference call from this management team, because you never know what ridiculous lie they will tell next, or what past statement will be revealed definitively to have been a lie.
    13 May 2013, 03:25 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » 1. Guidance is generally understood to men earnings per share.
    2. Why do you assume the kid is telling the truth about this anonymous analyst.. Don't you recognize a hatchet job when you see one? You write enough of them.
    Anyway, Aristedes, since you are so sure that UNXL has nothing to offer, why don't you accept the $25,000 bet I have posted on the MB. for the last three weeks. You put up or you shut up, big talker.
    I await your reply, as do the few here who think you have any credibility left.
    14 May 2013, 09:09 AM Reply Like
  • goodybob
    , contributor
    Comments (247) | Send Message
     
    Amen..Good show mate! The shorts, etc. will say & attack anything. They are old news. Congrats on the great job. We needed a voice as they could use a PR person, and attorneys to fight back those no-win ridiculous suit cases = SLAPP. Thanks.
    19 Jun 2013, 12:49 AM Reply Like
  • PeakOiler
    , contributor
    Comments (292) | Send Message
     
    The 'pixie'? Cute, but certainly is suggestive of some sort of emotional attachment to this company, hence I cannot take your article as objective rebuttal.

     

    "I cannot sit idly by and let hundreds of innocent investors. many of whom have put their life savings into the Pixie because of its brilliant technology, and were hoping to ride tihis rocket into a comfortable retirement."

     

    One comment: please friends, diversify. I have no idea if the 'pixie' is a rocket to the stars or a rocket up the wazoo, but no prudent speculator or investor should put their life savings into a development stage company in a field as competitive and complex as touch screen display technology.
    13 May 2013, 04:11 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » Peak The "Pixie" is the popular name for the company and is widely used, so if my mere use of the name makes you believer that my rebttal is not objective, you are one very short-sighted, narrow-minded fella..
    I agree with you that no prudent investors should put all their savings in a development stage company, but there are a numnber of folks who see UNXL as a ticket to a comfortable retirement. I am not advising them to do that, but I am trying to save them for any wrongful pain an harm induced by shorts trying to panic them.
    14 May 2013, 08:55 AM Reply Like
  • SoldHigh
    , contributor
    Comments (999) | Send Message
     
    You don't publish a CEO's emails when he asks you not to - that was an emotional decision that only hurts your credibility.

     

    If you have confidence in the CEO then allow him to have control over what PR or defense his company issues. He knows his business best, right? Respect that.
    13 May 2013, 07:16 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » Sorry. but we disagree, and you do not know all the facts and nuances, do you?
    14 May 2013, 08:57 AM Reply Like
  • Energy-Trader
    , contributor
    Comments (609) | Send Message
     
    CEO Killion will never communicate with you again because you acted like a jilted teenager over the Barron's article. What is it about the phrase "Keep this between us" that you don't seem to understand???
    13 May 2013, 08:05 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » Want to bet a thousand dollars that you are wrong, Energy Trader?
    14 May 2013, 08:58 AM Reply Like
  • KevGee
    , contributor
    Comments (7) | Send Message
     
    I love all the comments...some really crack me up!! Gotta have a good laugh every now and then in this "Stock Trading". The only thing that I truely know is: "If somebody wins, somebody loses"

     

    I am long...shares and options...not enough to go broke if it misses, but enough to change my life if it hits...happy hunting
    17 May 2013, 12:48 AM Reply Like
  • LindonT
    , contributor
    Comments (207) | Send Message
     
    So... Reed Killion has a "policy of not responding to negative attacks". Wow! You really couldnt make it up! In view of this article it's no wonder that Wohl & Furchter have started a legal investigation into the directors & officers of UNXL for possible violations of Federal securities laws regarding misguidence & false claims. Mind how you go.
    27 May 2013, 11:05 AM Reply Like
  • johnfenn@att.net
    , contributor
    Comments (67) | Send Message
     
    Reed's comment that there will be "0 loss" in production shows how little he actually knows about production. Also his comments about how much money and time it actually takes to break into the display industry go against his current strategy to try and get into production himself. Unipixel's past claims of when they would be in production (60,000 units made by the end of April" and ~ a million a month by the end of 2013) do not jibe with the reality in the display business, a reality that he himself brought up. Nor does the first timeline they missed for April provide much confidence in their meeting future aggressive time lines.

     

    I also do not understand how all the other competent companies that are competing in the same market of larger diagonal touch panels that Unipixel has chosen to focus on can be so ignored. Some of these companies are already in production, with their films being used in products that should be on shelves now. Do investors think that they will all lie down and let Unipixel rule this market segment? If the prize at the end of the day is as big as the investors in Unipixel seem to think it is, don't you think other companies, especially those in Asia, want to win their share in it as well.

     

    Al, your attempts to justify your leak of the CEO's e-mails to you and your "bullying" offer of a $1000 bet to show proof as to why it was justifiable and that Mr. Killion will still communicate with you appear to me to be camouflage as to why you really published Reed's notes to you. What are the nuances that you claim to know that we don't know?

     

    By the way, if "Mr. Bob" was so successful in his past patents, why is he still working and hyping another one?
    19 Jun 2013, 02:56 PM Reply Like
  • Chris Hofmann
    , contributor
    Comments (755) | Send Message
     
    john, you are just on a roll today! Unipixel NEVER made the claim that they would produce 60,000 units by the end of April. They specifically stated that they would have the CAPACITY to produce 60,000 units by the end of April, which they did.
    19 Jun 2013, 03:51 PM Reply Like
  • Greenfire87
    , contributor
    Comments (627) | Send Message
     
    "zero loss in production"
    John,
    Someone w/your exp. ABSOLUTLY KNOWS this is different than "zero scrap".
    Meaning punching out circles from a square sheet, ie.- "scrap".
    Or as in Reed's context, additive is not throwing anything away from manufacturing.
    As "subtractive", like in ITO, you throw away plenty, Meaning "scrap" also as in money.
    So it does, atleast to me, look like you also have an agenda.
    13 Jul 2013, 07:36 PM Reply Like
  • johnfenn@att.net
    , contributor
    Comments (67) | Send Message
     
    Chris,

     

    What good does capacity do if you cannot use it to make saleable products. It would be nice to see any orders announced that would start up the production capacity that they do have. By the way, had anybody seen the production operation in TX running for any length of time? There always seem to be unanswered questions with no solid answers given that are backed by anything but what Unipixel says.

     

    As I said in another comment, I do hope that Unipixel is successful. I believe that the micro mesh approach will have a decent share of the larger diagonal touch panel business. But it would be nice to eliminate the stock price hype and put all their efforts into bring up their production capabilities up to at least 1 8hr shift/day with a 5 day week. With EK's production capabilities coming on stream by the end of the year, at least that is what all the news releases have said, then the sales demands ought to mesh nicely with the increasing production capacity. Isn't this how you are supposed to run a manufacturing company?
    20 Jun 2013, 07:43 PM Reply Like
  • Chris Hofmann
    , contributor
    Comments (755) | Send Message
     
    purchase orders are expected in the august/september time frame based on my calculations. Nobody was expecting purchase orders by june/july, particularly once the delay was announced.

     

    As I discussed with with some 'shorts' on a different article, Uni-Pixel already has utilized their lines to produce the 50 sample units. While 50 units sounds small (and it is), there are several reasons to believe that they most likely ran the lines for several days/weeks in order to produce a meaningful number of units (10k+), and then chose 50 units randomly for testing. This makes sense statistically, and, furthermore, investors who attended the ASM claimed to have seen 'rolls' of completed sensors. Given the size of the rolls, it was clear that there were well more than 50 units produced.
    20 Jun 2013, 11:39 PM Reply Like
  • Aristides Capital
    , contributor
    Comments (293) | Send Message
     
    Hey Chris, when are purchase orders now expected? I haven't been paying much attention to "The Pixie" lately. Been busy with longs that actually have net income and shorts that are even worse companies than UNXL (as you can see, we don't short very many companies, as that is a small universe to choose from).
    11 Oct 2013, 05:00 PM Reply Like
  • Shusha52
    , contributor
    Comments (22) | Send Message
     
    Thanks AL for being a man and standing up against this nutty journalist. I can safely assume and can be highly presumptuous in adding that one of his relatives must have conveniently shorted this stock to reap profits. Hope justice is brought to light. Lots of retail traders are gonna be hurt by this man's madness in erroneous reporting.
    23 Nov 2013, 09:50 PM Reply Like
  • putster
    , contributor
    Comments (611) | Send Message
     
    If this journalist was truly using the interview and published an untruthful Barron's article to manipulate the stock price for profits not only for himself but for others, then yes he might have to deal with some consequences.
    Anyway, that's just my 2 cents.
    24 Nov 2013, 08:05 AM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » As should br evident, I believe in complete disclosure, which is why I had released Reed's correspondence with Barron's. If the information is material, it should be disclosed to investors. For this reason I view the SEC investigation favorably because it should enable us, finally, to get to the truth of the contracts which UNXL has been trumpeting, without disclosing the key details, for almost a year. I had argued repeatedly on the Message Board that the shareholders had a legal right to be made fully aware of these contract provisions, but others shot me down, claiming that it is customary, and proper, in the tech field to keep this type of information confidential. Apparently, the SEC does not agree with that view.
    24 Nov 2013, 11:28 AM Reply Like
  • Mukticat
    , contributor
    Comments (1076) | Send Message
     
    Al at one time I believe you were predicting that UNXL could easily hit a price of 3,500. I can't find the quote but I did find this one and I'm just wondering whether you think you were perhaps getting a little ahead of yourself?

     

    'If you use a not-unreasonable P/E of 30 for this hot and growing stock, the valuation rises to $1400 a share!'

     

    Good thing you sold your shares right at the peak in the 40's.
    24 Nov 2013, 07:05 PM Reply Like
  • Albert Podell
    , contributor
    Comments (115) | Send Message
     
    Author’s reply » I don't think I got ahead of myself; I think the company has gotten far behind what they promised.
    I did not sell any shares in the 40s, or anywhere. I have only a few thousand shares and am holding them. I am mostly in long-term optins, although my July and October ones expired worthless
    25 Nov 2013, 08:31 AM Reply Like
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