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Jeff H.

Jeff H.
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  • UniPixel (UNXL -13.3%) adds to today's losses after Citron Research takes aim, stating talks with a director at i-bank Alvarez & Marsal lead it to believe "Unipixel sold 50% of UniBoss to Kodak for [$12M]." Citron adds the deal is payable in installments, and that it believes it makes UniPixel worth less than $5/share. Citron: "Shareholders should demand an immediate 8-K filing with full disclosure of the complete terms." (stock offering) (Kodak deal[View news story]
    My first thought upon reading the Citron report was "where are the facts?" Just seemed like a lot of slanderous claims, I never take anything so blatantly biased seriously. Plus, UniPixel is undoubtedly aware of the situation in which they have placed themselves. To sell now for installments equaling 12m is foolish considering the billions they stand to earn. Unless, of course, they've duped not only investors but OEMs and PC manufacturers. Doesn't seem likely to me.
    Apr 18 01:56 PM | 2 Likes Like |Link to Comment
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