A Ranting Analysis
I got lots of PMs about the quietness of the board , thoughts, SP, 3DGo etc.
Maybe Hedge or some other heavy hitter can do that better.
I`ll try it in my rough , over the edge way.
I`m just giving my thoughts ( IMO ), from my head, if I miss something or lots take it as that.
Like always ( I hope ) there will be discrepancies, corrections, etc.
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The board is quiet because there is not much out there, whenever something pops up it gets posted, latest from 3DGo,Vizio, Sir Richard interviews.
News on the PP are quiet but getting close, August 16 is just around the corner and it will be a surprise one way or the other, I don`t believe for a second that Summer had anything to do with it, when there`s money to be made no season will stop-delay it, it was another flop, they never learned the lesson , I know there are two camps on this board about it and I know which camp I`m in.
Share price we can all give a different version, mine is pathetic and now that you can check level II on SH you can see on a regular basis one player trying to keep it low.
On 3DGo-Vizio-SIO and taking different dates prior to being fully launched, but taking June 29th as a full launch in the USA still does not show anything from anybody, I have been mentioning and asking for some kind of a quick accounting as to what is renting the most, how many subscribers, most popular categories, how many VIZIO 3D TVs are out there, etc, but no answers.
So in a nutshell we have the only revenue maker-catalyst portion of our play in darkness, TCL-Hisense huge huge potential revenue makers also in darkness ,how good was the Panasonic deal after Wi-Lan take ??, as far as the other major CEs coming they have been coming for a long- long time so whenever they get here we`ll make plans..
Another PP, another possible dilution, if you mix all that what do you get ??.
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Analysts have been horrible, way off from the beginning so when you did your DD and looked at analysts and PRs you did get fooled, the red flags were revenues but they were always discarded as a tech will happen soon type of thing.
Over promising under delivering and execution were also very bad and still to this day. The funny thing is that things can change in a whiff through perseverance and luck and everything would be forgotten but forgiven ??.
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I am surprised as to how little some of our members know about the Company and as to how high their SP average is, making it a long ways before they ( God willing ) recoup their investment.
I did make some good money in 2009-2010 as did some members when all we had was hype and the heavy push-pump from Peter Hodson from Sprott, but then as the Company kept on throwing good PRs I got in and out again and then I stayed in. I made lots of days trades to keep with the down slide of the SP and kept buying what I thought was good buys and averaging at the same time, finally I bought lots cheap lately and my average is good, but I`m in deeper that what I wanted, having said that I`m still hoping for that triple or homerun, the basis are there, time keeps moving on but we are lucky no other player has gotten involved to offer competition on 3D.
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A quick simple history.
SIO has been around since 1999 when Saint Nick and Sir Richard created the Company.
On early 2006 the Company became public.
You could say that they never made a profit, which brings you to the question, how come they still in control ?.
They are both part of the BOD and Sir Richard is also the secretary and between both of them they still own at today`s SI close to 17%.
Their intentions or goals were and are commendable, I`m not denying that hard work wasn`t their middle name for a long time, but when the Company became public in 2006 things changed, they became accountable to shareholders, still no profits but they were in a difficult field and doing ok.
They had lots of firsts, trophies, nominations, hanged around with the best of both fields, travel the world showing and offering our wares, some key signings, things looked good.
WE created the first library of 3D films ( what happened to it ? ).
Our format was good, recognized and talked as the “‘Possible and only Standard “.
WE perfectioned and updated-upgraded things till now we have the SIO HI-FI, S2D switch and the AUTODETECT, all the things necessary and needed for flawless 3D TV at home, we also invented and patented different tools for Broadcasting.
The acquisition of Algolith brought extra knowhow and experience.
We have had Vizio and Cyberlink as our only revenue sources but so small that still never came close to making any profit.
Fifa-Samsung -Panasonic deals and PPs have been our only source of income.
Up until last year end financials we have lost in excess of $ 25 million, nothing for a big Company but lots for one like us that never exceeded 40 employees at the height and usually in the 16-30 .
And things go on, our last year was superb in so called deals and PRs.
TCL- Hisense- Wi-Lan- PP last October- Starz- National Geographic- Big Picture- Sequence- Disney- Paramount- litigation switch from Panasonic- maybe an end to Sprott selling- and finally 3DGo, I left some smaller deals out but countable none the less.
But still no profit-small revenues.
We think- hope that once 3DGo gets rolling things will change and the Chinese connection will come through and then somebody else will jump in, but it has to happen.
The last Analysis from RG was nothing close to his previous one and we have twice as much ,so what will it be.?, Rajiv gave up and Jeffrey needs some training..
We touched SP lows that we thought were impossible to even think of , we are hanging around lows still, what happened to the I RATHER WAIT FOR A BIG STUDIO SIGNING, that was said in late February by a few members, and since then we had Disney and Paramount, AS SOON AS SPROTT STOPS SELLING WE`LL GO UP ON NO NEWS, since both things happened we are down another 35-40%, but that`s how we read it according to management statements, PRs and CCs, we digest what we are fed.
Check the charts from the last 3 years and match them with PRs and CCs and shake your heads.
Cheers