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UniPixel (UNXL) -1.8% AH after announcing a public stock offering of undisclosed size. In the...

UniPixel (UNXL) -1.8% AH after announcing a public stock offering of undisclosed size. In the prospectus, UniPixel only says it will use the proceeds "for working capital and general corporate purposes" (such as UniBoss manufacturing efforts?)  Shares had jumped to new highs earlier today thanks to a bullish Williams Financial note. (PR) Update (5:58PM): Shares are now down 8.1% AH.
Comments (23)
  • Ashraf Eassa
    , contributor
    Comments (8817) | Send Message
     
    This seems like the right time to short.
    17 Apr 2013, 04:22 PM Reply Like
  • Chris Hofmann
    , contributor
    Comments (755) | Send Message
     
    disagree. I'm very long and have been eagerly awaiting this. The anticipation of a secondary has been holding the stock down for the past 2-3 weeks. Now we can finally take off.
    17 Apr 2013, 04:26 PM Reply Like
  • BL58
    , contributor
    Comments (36) | Send Message
     
    I might be wrong, but didn't they explicitly state they wouldn't do it when it was a question about a secondary offering?
    17 Apr 2013, 04:32 PM Reply Like
  • Chris Hofmann
    , contributor
    Comments (755) | Send Message
     
    no. They explicitly stated that they are keeping all options open and might do it if they think it is the best way to ramp up quickly and help shareholders.
    17 Apr 2013, 04:39 PM Reply Like
  • SoldHigh
    , contributor
    Comments (997) | Send Message
     
    "The anticipation of a secondary has been holding the stock down for the past 2-3 weeks."

     

    Really? LOL

     

    In the past 3 weeks, the stock has run from 25ish to the 40s, a rally of at least 60% in JUST THREE WEEKS!
    17 Apr 2013, 04:52 PM Reply Like
  • Chris Hofmann
    , contributor
    Comments (755) | Send Message
     
    SoldHigh,

     

    It was at $34 before a 'botched' secondary brought it down to 22 and it recovered. It then had non-stop huge news for a week straight with ecosystem partner, Kodak, Confirmation of $5M from "Dell", Upgrades, and increased capacity schedule.... and the stock went up $4? (from $34).

     

    Yes, it has been held down.
    17 Apr 2013, 04:57 PM Reply Like
  • BL58
    , contributor
    Comments (36) | Send Message
     
    OK. Thanks. I think you're right.
    17 Apr 2013, 05:01 PM Reply Like
  • Brian Coleman
    , contributor
    Comments (62) | Send Message
     
    In looking at Unipixel's potential, the largest question in the minds of fundamental investors is how do you scale this? How do you convince OEMs to adopt a new sensor technology and integrate a pre-revenue technology company into their supply chains?

     

    First, get an endorsement. The company did this when they signed a licensing deal with Intel.

     

    Second, get a manufacturing partner. The company announced a manufacturing agreement with Kodak yesterday.

     

    Third, get the financial resources. The company is doing this now. Putting $60-100 million on the balance sheet will give the company ample resources to build out the production facilities at the Kodak facility.

     

    And there should not be any doubt that Intel, Kodak, and the funding are interrelated and point to the company's goal of serving the entire industry. This is what it looks like when a plan is coming together.
    17 Apr 2013, 05:39 PM Reply Like
  • scavok
    , contributor
    Comments (91) | Send Message
     
    They had to raise capital one way or another. If they took on debt, the interest rate would have been high and terms likely unfavorable given the company is pre-revenue. With the stock performing so well, and the partnership announcements giving the shareholders faith in the legitimacy of the company, this was by far the best choice. If they waited for revenue from their current low production capacity, they potentially would have ran into significant supply problems and lost out on sales. Just need to see price and number of shares now.
    17 Apr 2013, 05:53 PM Reply Like
  • Mukticat
    , contributor
    Comments (1075) | Send Message
     
    With price targets* of 50 ,60, 100, 200(!!) being bandied about - if you take them to be realistic - it would be crazy to raise money through an equity sale now. With so much good news built into the stock - again if it's true - then banks ought to be pounding on their door trying to lend them money. Even a high interest loan or a non-convertible preferred paying 12 or 15% would be far cheaper for the shareholders than dilution if the stock has doubled six months from now. This is the functional equivalent of paying 100% for a six month bridge.

     

    * Mind you it's hard to square these price targets with the decision of several insiders to sell the majority of their holdings - 120,000 shares - a month ago at an ave price of 22.38. Maybe they don't like money or are they just foolishly unaware of what their company is doing? I find both rationals suspect.
    17 Apr 2013, 06:32 PM Reply Like
  • SoldHigh
    , contributor
    Comments (997) | Send Message
     
    I'd have to agree that selling stock with both fists is the best way for the company to raise cash with the stock soaring up here
    17 Apr 2013, 07:10 PM Reply Like
  • ouijaman1
    , contributor
    Comments (247) | Send Message
     
    I think if shareholders were polled that the majority would want this. It takes money to become a billion dollar player in the touch screen industry. I say go for it.
    17 Apr 2013, 09:04 PM Reply Like
  • scavok
    , contributor
    Comments (91) | Send Message
     
    That's kind of a catch-22. If they didn't raise capital, the price wouldn't get to the expected levels with production not able to hit capacity goals on time. If they raised capital through other means it would be a long term drag on the stock rather than an instant hit.

     

    As I said though, the price and amount of shares are important. If they raise a lot more than what's needed for their initial goals, it's going to be very questionable and feed the bear case. Anything over 1.5m shares at $35 is going to have me being much more skeptical.
    17 Apr 2013, 07:50 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (1853) | Send Message
     
    They should sell them at a premium. (Like OCZ did?) Offer out 3 million shares at $60 a piece, with the option to purchase 3 million more each year for two years. Investors will pay the up-front premium if they really believe in the technology. It dilutes the stock a lot, but the amount of money raised would allow some very vertical production scaling, which should help in beating competitors to market.

     

    This is assuming of course this isn't the final pump before the dump. We'll find out once we get a number.

     

    I am watching from the sidelines to see whether the bear or bull case is correct.
    17 Apr 2013, 08:26 PM Reply Like
  • TommyWyoming
    , contributor
    Comments (3) | Send Message
     
    I wonder what the shorts who are still in this upwards momentum stock will do in the "short term". They have certainly made a unsightly mistake thus far.
    Not much noise from them now that legitimate building blocks are falling into place. These dynamics will prove to be very interesting indeed. I am long and intend to stay so.
    The short squeeze is near!! I despise manipulators. So farewell short side!!
    17 Apr 2013, 10:59 PM Reply Like
  • eshelmo
    , contributor
    Comments (15) | Send Message
     
    Besides having a worthwhile product, UniPixel has leadership and investors (C.H.) that inspire confidence,and dispel fear and doubt.
    I , for one , am grateful to have them on my side.
    18 Apr 2013, 02:45 AM Reply Like
  • ouijaman1
    , contributor
    Comments (247) | Send Message
     
    Great news on price and amount. Only 1.2 million shares at $32. Supportive price and low dilution.
    http://yhoo.it/YxcvQw

     

    I'm happy with this offering. They're only raising what they need for the build out this year.
    18 Apr 2013, 08:45 AM Reply Like
  • Greenfire87
    , contributor
    Comments (627) | Send Message
     
    Great news! We now know where it's going.
    Ash,
    You also suggested shorting VRNG @ the wrong time!
    18 Apr 2013, 08:58 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8817) | Send Message
     
    Vringo is in the $2's. Suggested shorting it at $4. Not sure what you're getting at, other than revealing your sheer ignorance.

     

    http://bit.ly/QNPEAR
    18 Apr 2013, 02:23 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8817) | Send Message
     
    Just made a bundle shorting this on secondary announcement. Less mouthiness and more insight, please.
    18 Apr 2013, 03:59 PM Reply Like
  • Greenfire87
    , contributor
    Comments (627) | Send Message
     
    Your sounding pretty hiporcritical there Ass raft

     

    "Short vrng again? 2.96 then, & 2.89 now, w a 30% spike the week after. Pretty "ignorant" huh.
    jerk off!
    18 Apr 2013, 04:11 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8817) | Send Message
     
    Did you actually read the article?

     

    "Just running around and buying up patents that nobody else bothered to monetize in the hopes of making a quick buck is a pretty sad excuse for a business model, and I believe completely unworthy of your investment capital. When/if the stock goes back to $4 - or when I see the insiders start unloading again - I plan to yet again make a nice $1/share from shorting the name back down to the <$3 level where it belongs."
    18 Apr 2013, 04:11 PM Reply Like
  • Greenfire87
    , contributor
    Comments (627) | Send Message
     
    "UNFOLLOWING"
    19 Apr 2013, 11:18 AM Reply Like
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