Tanmanchan wrote:this stock made it to 3.70 just on hype alone, and that was with no images and no prototype, now they have a protoype that works, and from that trying to tap into the cell phone market. how this isnt a 3 dollar or more stock at the moment is mind boggeling. listen to your gut and not the people trying to spin this stock into a negative, if you believed in this before you should have alot more faith in the company now with all the good news coming, it is a 1.37 atm and i bet in 1 year from now you could only dream of getting it at this price. i am waiting it out, i believe in this company and its awesome tech. glta
I agree with you, to an extent and I will outline to you why.
The POC was being built by Ruda Cardinal prior to Feb 7th. This allowed time for NXO / Spectrum to line up independent experts in Optics, Physics, etc to examine the design and be on hand at the testing done in Feb as stated here https://calgary.rasc.ca/nexoptic.htm
They had images and showed that the POC works. They scheduled the unveiling for April 4th, which gives them lets say a solid 30 working days between the trials and the unveiling. This was plenty of time to court would be licensees, and have them bound by Non Disclosure Agreements up until the unveiling. They could have found a "launch customer" as Boeing does with new aircraft in exchange for a lower price tag. This news alone would have kept the stock climbing.
We then had seekingalpha that charges people $2400 (US dollars I might add for a "pro" subscription") a year to get Keubiko's article, and short the living hell out of the stock, and they did. We saw the short attack from another paid subscription service who advised their readers to take profits. Again, the share price plummeted. Keuniko and Grumpybear again wrote articles that caused the short attacks.
Here we are a month after the unveiling, and still it is radio silence from NXO. They don't have to put out anything that they cannot verify. They could put out "at the present time our patent is at stage X of Y ......" etc with some information to placate those who have faith in the company. Without ANY news from the company, the only ones who are holding long, are those of us with small pockets that cannot bring the share price up.
So, let us hope that they give us something, ANYTHING to have a slow steady climb. We don't need 10% and greater days like we have seen in the past, slow and steady wins the race.