RE:RE:RE:A Xwinsys win with a semiconductor major...All I know is I'm darn glad I sold all out this week. I still like the potential of the technology sold to SICPA and to a lesser degree, of Xenemetrix. The potential with XwinSys seems to keep getting pushed further and further back though. At some point I won't be surprised if that fiasco is written off.
This slightly early release and the size of the loss might have caught people by surprise. I don't even want to do the math to figure out what the new net cash position might be a quarter (a month) later from Trooperhobo's early May post.
The most worrisome part is this burn rate. No deals have been announced so far in Q2 and it is coming to an end pretty soon. That suggests the Q2 results might be more of the same, however without the bonus $750,000 royalty that helped limit Q1's loss to $1.37 million.
So much potential, such poor execution (so far).
Yes, revenue grew slightly, but it obviously isn't keeping up with the burn rate. Not by a huge long shot.
For my friends that are still long this dog, I wish you well tomorrow, and further into 2017 if you choose to hold and keep hoping that the company can turn it around before they blow through the rest of the cash backstopping the company.
StockMagician wrote: ... to prevent the SP from absolutely imploding? Dude, IT HAS!
Take that $10,874,086 from Trooperhobo's post and divide it by 91,780,000 shares and you get 11.85 cents/share. That doesn't even include the NPV of the royalty stream.
I'd call trading below net cash value 'absolutely imploding'.
There is less than zero value being assigned to all other assets, and zero value to any projects that may provide future profitability.
Is that fair? Do other companies trade at or below their cash on hand level? Very rarely.
Personally I don't mind. I'm happy to buy discounted cash and get a company with lots of irons in the fire for free.
Oh and by the way, from the discussion earlier, that wasn't the video the company didn't want you to see. It was this one:
https://www.youtube.com/watch?v=zrS10e2Kuu4 The SICPA GFI DEMO. You know, the one everyone was raving about a couple of months ago. Best thing since sliced bread, etc. Maybe someone can tell me why they suddenly want to block people from viewing it?
Have a great long weekend everyone.