Food for thought
Again IMHO.
Well the party was held, the main guest (LG) showed up after a long standing invitation but it did not have an immediate grand reaction as expected and in top of that a well known citizen (SONY) crashed the party making the atmosphere somewhat confusing, all in all not the hoopla we thought we would have.
Let`s take from May 6th the day before the PAN-3DGo PR ,we closed at 0.285, the day of the PR we close unchanged and the following we were down to 0.28.
The reaction of the Market after such good news was less than bland.
Forward to July 8th with the release of the most awaited PR in SIO history (LG) we climbed 0.035 cents which we maintained for a few days.
Again July 10th with a double banger of a decent CC and the PR of SONY settling for the S2D switch and both volume and SP dropped on less than ideal volume.
There were many errors made on the CC side and the PR release of WiLan-SONY.
Both Routhier and Choquette were there but only Routhier spoke.
We thought maybe Choquette would have dropped some numbers of PAN-3DGo after more than 2 months since launch.
By the way who is running 3DGo ?, in March Chris Saito was appointed Manager ,made one appereance and PUFF..
So in two months we have PAN-3DGo launch, LG coming on board with 3DGo, and the SONY settlement and the Market reaction was NIL.
WHY ?.
If you followed my numbers the accumulation by Institutions was done way before,between Sept 30th 2013 and April 7th 2014.
There were tens of millions of shares traded and now being held by Big Guns at an average of 0.07 to 0.15..
WHY again?
On the CC Routhier said that SIO will not be entertaining any more CE`s coming in till the end of the year, we are too busy with LG, in other words we want to play in the Big Leagues with an Assistant coach and no goalie, meaning that SIO will spend money again setting LG and taking it from our own coffers.
He also said no to expect much in the Fall from LG but come the Holiday Season money should start flowing in (at what rate and when?).
WHY again?.
Contrary to what many people in this Board thinks about the miscommunication of the PR release about Wi-Lan-SONY there are still talks about it.
You can dress it and paint it but the fact remains that after a most important CC questions were asked with answers given that did not match and an hour later Routhier signs a PR stating that he was proud to be part and announce the deal with SONY.
WHY again?.
What`s there to look forward between now and the end of the year when everything it`s on hold trying to set up LG?.
WHY again?.
When you say that 13 countries are coming in with LG you have to name them, are we to expect a following PR naming them as I asked?, or are we just waiting till the end of the year for them to maybe release as a bunch or one by one ?.
WHY again?.
If the Institutions and Big Guns have their share already all is left is the retail investor.
Some will come in without any DD others that have known of SIO for a while will do more and realize that still not clear.
If you read the Company Overview of Nov-2013 and the January 24th 2014 you see big changes and a MAJOR SHIFT on our Business Line (again),anybody doing DD should read these documents.
WHY again?.
The only CE showing clear Hi-Fi SIO -3DGo content is Vizio.
Neither Panasonic or LG is or will.
None of their PRs mention SIO Hi-Fi format.
Even if all the content from 3DGo is done in the Hi-Fi .
On the CCRouthier stated that Panasonic is impressed with the good quality but SIO is not and LG being all passive using a single filter will give them almost SIO quality.
SATISFIED and ALMOST ,that was not the original deal or what we offered.
What does that means?.
If they are going to use 3DGo to promote the Hi-Fi (something that LG or Panasonic don`t want now),and if they are both satisfied with the quality ,why down the line will they adopt the format when they have to change all over again?.
WHY again?
All the deals are structured on a confidentiality basis, we don`t have a clue and never will.
Did SIO or is SIO paying for Panasonic`s porting also??.
Is SIO setting up two platforms for both?.
We know that LG just changed to the webOS platform and most of their Smart TVs run on theNetCast one, LG promising updates up to the end of 2014, I don`t know if you can port to both the same,maybe somebody knows.
The deals now got more complicated, Neu-Lion and Deluxe are way more involved, there was no porting before, Vizio was the only and they have the Hi-Fi.
How`s the split is going to work?
When they say $5.49-$6.99 per movie that`s whole revenue, from there SIO pays:
Advanced royalties to the Studios.
Per movie to the Studios.
Neu-Lion.
Deluxe.
The CE manufacturer.
SIO`s cut that was mentioned by Routhier at 20-25% range,now perhaps closer to 20%.
That`s not counting that SIO also pays.
Format of the movies, a round figure of $500.000 at $5.000 per movie.
At least $250.000 to port on one platform for LG, the same for Panasonic ?.
There has to be some other expenses ,but those are associated with the set up.
It`s not cheap and work demanding to do it, meaning again it will be a long time before we see real profits assuming everything goes accordingly.
To summarize :
SIO delivered,the big guest showed up even if somehow altered.
We have to change the execution again and we know what that means.
We`ll have to rob Paul to pay Peter.
The structure of these deals must be very complicated and not leaning our way.
I wonder if we are been taking advantage out of desperation.
We are not prepared to play in the Big Leagues, we know now.
What percentage of the SONY-S2D switch are we getting, it shows as a split.
Wi-Lan advanced money for the deals,mostly deferred but we never knew about splits and for how long or how they were structured.
WE NEED CHANGES AT THE TOP,AT LEAST MAJOR HELP, WE CAN`T KEEP ON GOING LIKE THIS.
We need revamping on PR construction and communication.
Is Routhier running EVERYTHING NOW ?>
Where is the BOD ?>
Some members have been taking about Take Over or Buy Outs, Routhier said a few times that he`ll entertain partnerships or sell of 3DGo but not SIO tech.
If, who knows how the Golden Parachutes are structured, we still have the poison pill in case.
Potential grew ,lots to look forward but much too many corners to look now.
I just see that another 175.000 warrants were excercised.
We now stand at 101.001.342.
That means roughly 11.000.000 warrants were excercised and another 16-17.000.000 are left.
We have to remember that Global Maxfin got 1.377.000 as part of their Agents fees.
Beacon held the Port yesterday and it`s trying to do the same today,so far we are down to 0.27, they get tired without any help from GM..
Much more out there yet.