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I read your post twice and fail to see how your opinion differs. The product has potential, the management, not so much. I'm not sure how this is going to go but this technology isn't going to end here, unless someone comes up with something better. Personally I still believe the best way to get this ball rolling is to target a simple crowd with disposable cash. Halloween is the holiday that most peoplr spend on THEMSELVES. This product could be designed as Halloween and Christmass decorations. That's a Billion dollar industry and common golks will ALWAYS buy something new and different during the holidays. I'm not saying that's the major market, I'm saying that's how you get a foothold to profitability.
I am not of that opinion. IMO, the product potential was so great, management had stars in their eyes. Expected to be gobbled up by some big boy with deep pockets...pay dearly for the "potential" they would have to realize through capital investment. In and out millionaires for the original management crew.
Didn't quite happen that way. In their lust for the gold, management did not dot their Is and cross their Ts. Bum deal all around. Truly mis-management. Was not ready to rock and roll. Needed time to establish their worth. Didn't happen, but could have. Result, low-ball buy-out...investors got screwed.
I'm in total agreement. The product has great potential with unlimited applications. I'm sure costs of production were an issue, but mass production could reduce costs significantly. Seemed to me they got stuck early on and felt the main market would be safety products. That was a huge mistake during an economic downturn to limit your concentration to a specialty market.
The only way this gets back is if ALL of the morons who were in control are gone and new management is in place.There are so many different directions they could have gone but way to narrow minded.
Combine this - www.techswarm.com/2014/08/new-transparent-solar-harvesting-doesnt.html?m=1
With elastolite
And we have a winner.
The reorganization under Chapter 11 is still progressing and it appears the next hearing will be held on August 26, 2014
Paid .34 cents for this - sure looked good - never can tell. Stocks now worth $22.00
So sad...good product/patents...crappy management. Wanted to go BIG too quickly....then realized $$$$ = power/control. EGOs are delicate.
If they get a financial infusion from some big company or hedge fund, maybe. But that would mean giving up control. I read that onr of the issues that put thrm in bankruptcy was a lawsuit by a Canadian company who was trying to buy them out. Could bankruptcy negate thst lawsuit? Not sure. Glad I kept buying at 2 cents. Recouped some losses. Hopefully GE or Corning or some electronics company gives them a chunk of money and a marketplace.
It is possible to come out of bankruptcy with all stock intact and no debt and the stock goes on a slow climb up.
Ok. So whats going on here? Someone buys 100 k shares today? Its been 5 weeks since bankruptcy notification. Something really going on or manipulation?
Say justfactmam i am in,what management did was bull.
Those buying into spike based on "unauthorized" action by Management...have now suffered the consequences...
Now in BK...the next phase of "screw the shareholders" by current management...
Time for "Class Action" against Management and Board of Directors...and petition in Bankruptcy Court to unwind the "unauthorized" self-serving deal by current management...which the Bankruptcy court can set aside.
This company is not dead. Mismanaged, yes. It is not the most outward when it comes to investors being informed of developments but the patents and the versatility of its products have staying power.
Hard lessons have been experienced and hopefully much learned. I can only believe that they will have the desired effect...put ego aside and think investor value!
Once publicly traded, the well being of investor interests take precedence over personal endeavor. Many mouths to feed, not just one. The product and its sales belong to many and it is best to ensure ALL benefit from a mutual undertaking that produces long term life and prosperity.
This could REALLY happen here.
A good product, a bad management. What is an investor to do? How do you account for an action when it is off the radar? Sad.
ORYN changed to ORYNQ:
http://www.otcbb.com/asp/dailylist_detail.asp?d=05/07/2014&mkt_ctg=NON-OTCBB
Big disappointment, but not a big surprise. Reorganization won't help unless they put this product in the right market. Too bad someone like GE or corning didn't buy them out.
Bankruptcy. Means shares will be worthless. Sell before it gets worse.
I'm staying in. Unless the costs of manufacturing are excessively high, I see no reason why this product can't sell with the right people behind it. I still believe in the product. It's a shame they are limiting their market to wearables. There is so much potential here.
It shows in how their business is doing nothing,if this gets to anywhere near .10-.12 i will take a loss and get out i have lost all confidence in this POS.
They won't discuss much of anything.
So Parapraxis have you talked to anybody at ORYN?If so what did they tell you?
Give them a call,i have tried and they seem like they know everything yet they can't make any money...unreal
I've noticed quite a few new electric road signs on the New Jersey turnpike. They are dedicated signs, not like television screens that can be updated, they just have information on them like exit signs but are backlit LED screens. This could be a huge market for ORYN . I just wonder if they are having some other sort of technical problem or if production costs are too high. Off the top of my head I can give you a dozen products they can use this for. I don't understand why they have only 1 product available for sale.
Yes i know it did and look how that turned out,they have great patents just no idea how to go forward.
Actually the deal that just failed came out of one of the European shows.
They have been doing shows both here and in Europe and nothing ever comes from it!!! Just look at the reaction of this news today--down to .043
Trade show sponsor this week. Update on website.
Why,this stock has been going south for the last year and with nothing positive can't see it turning around.
Added a couple thousand shares today.
Nothing yet. Keeping a sliver of hope here, but not expecting much. They should probably approach someone like GE or Corning for a buyout.
Does anybody see deals or mergers?I can't find a thing that would suggest they do.
I just looked and i don't see your buy at .05 but i do see a ask at .059 and a bid at .046.If you do have a bid at .05 something is going on!!
I have a buy order in at the bid at 0.05,not filled yet??
The bad thing for me is that i waited to long and now it is so low that it makes no sense for me to sell and get out so i have to wait and hope they find some more backing.
For sure, ORYN is in a cash crunch. Takes a lot of up-front money to rev up production no matter how promising sales for their products seem.
I had no doubt that profit here would be a long time in coming. But it will come. They have a good set of patents AND the market for their products is unlimited. HOWEVER time is not on their side. Competitors exist right now that are set up to capture ORYN's potential sales RIGHT NOW.
While ORYN, IMO, still has the edge on the versatility of their products, competitors have a tendency to close the gap real quickly... Make no mistake, R&D goes on in their company as well!
So, right now, I would say that the pps of ORYN has a ways to fall before it reaches that point where new or even old investors are willing to reenter - a price equal to the risk one takes in believing in the viability of ORYN.
I believe that ORYN can survive AND have a strong product line in less than 2years. That being said, I still would be willing to to buy more if/when the price is right. ORYN will succeed, but it will be some time anyone will rest assured of that success.
Thanks, I knew nothing about that
I've checked the press releases but never thought to check the financial filings.
Big disappointment. Hate to see it, but I wouldn't be surprised to see a bankruptcy. Good product, bad management. Sorry gang.
OK look at the new press release it states that EFL will not be able to make their payment of 250,000 dollars and that ORYN is looking at options for another backer or going bankrupted .
Did you miss the last press release?
Pretty big news, dated 1/24/14:
ORYON TECHNOLOGIES ANNOUNCES STRATEGIC INVESTMENT BY EFL TECH FOR GLOBAL EL BUSINESS EXPANSION
Someone wanted this company bad enough to loan Oryon 1.5 million and take 51 percent ownership.
Looks like big things ahead. I should buy more and average down, but I'm tapped out. Only have 4500 shares anyway - sold another 4500 at a loss a while back to buy another stock.
So Parapraxis do you think they will be able to find a new backer or will they file for bankruptcy?
I am ready to see anybody with half a brain put in to a position of marketing,i see what you are talking about with the general public and that would be a Hugh market share.Think of running apparel,shoes,military uses the lists could go on and on but they have no contracts with anybody and that is scary.
I'm staying in. I like the product. I think it's got big potential. They just need to think outside the safety apparel market. Homeowners should be the target market. Teen age girls with elastolite posters of Twilight and Justin Bieber should be a target market. Halloween and Christmas and Valentines day decorations should be a target market. Geez. Offer me the marketing position. I'll start off with the elastolite American flag on the fourth of July.
Down to .08 a share just a matter of time before this goes under a penny,this company has no idea what they are doing.IMO
You're right - they do have 12 ELastoLite products for sale. http://is.gd/Q5ikdl
I must have misspelled it when I searched earlier. At 95¢ to $21.95, I doubt that's a lucrative account.
I think a huge market for ELastoLite exists in wearable safety gear, as people here have mentioned before. Kept hoping 3M would place a large order or buy the company. This would be great on the vests & jackets of police & other safety official, as well as flaggers & other road maintenance workers.
This could also be huge for bicyclist and motorcyclist apparel!
I've been to both websites periodically during the past year. Rebel was s disappointment. Sparkfun does have elastolite on sale in various forms. There is no doubt in my mind elastolite is a product that demands dark backgrounds. I'm still believing decorative displays are their best chance at wide spread sales. Another possibility are highway signs. I've been seeing more and more electronic signs particularly on the New Jersey turnpike, which I travel several times each week. I've also seen several LED road signs which are not video based, they are stagnant, which would be perfect for elastolite. I think the recent elastolite tattoo feature on the Web site might appeal to about .001 percent of the population, but I'd wager if you put out a 24×36 elastolite Christmass tree or Santa Claus, you'd probably sell quite a few of them. Just a thought.
Not much action for a long time, then...
MORE NOTHING!
On Mar 06, 2013, Oryon put out a press release announcing a deal with Rebel Athletics:
Oryon only publishes news every few months when something they deem newsworthy happens. Gotta be patient with this one. Sort of like waiting for a volcano to erupt. Not much action for a long time, then...
Hello out there does anybody have any news on what might be going on,or are they dead in the water?
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Oryon Technologies, Inc. (OTCQB: ORYN) is a developer of next-generation electroluminescent ("EL") lighting technology. Oryon's patented technology trademarked ELastoLite®, enables thin, flexible, crushable, water resistant lighting systems to be incorporated into new and far-reaching product applications across multiple markets. The Company believes ELastolite® is a disruptive technology that will open up new markets and enable the creation of new products which would otherwise be unavailable without ELastoLite®technologies.
Oryon is initially focusing on developing solutions for the textile, apparel (specifically sports and safety), and membrane switches industries where its technology has already been deployed and achieved market acceptance. Some example of where the ELastoLite® technology has been used and tested are;
Oryon's technologies are heavily patented creating significant "barriers to entry" for potential competitors. The technologies are protected by over 55 patents issued or pending worldwide.
Oryon Technologies acquired the initial elastomeric electroluminescent lighting technology patents and intellectual property in 2002 and began the developmental process of establishing commercial channels in various markets. One of Oryon's early successes in commercializing its IP was licensing the use of the technology in cell phone key pads which led to the back lighting of the key pad in the Motorola RAZR, amassing over 125 Million units sold. ELastoLite® has been featured in apparel products sold by Nike, Lands' End and Marmot Mountain Ltd. Oryon is currently working with numerous International brands for future product rollouts. Hollywood took notice of Oryon's revolutionary lighting application and commissioned the use of ELastoLite® technology for the costumes in the 2010 Disney blockbuster film "Tron Legacy" and for some costumes in the television series "Terra Nova". Each one of these applications and associated development has positioned Oryon to capitalize on their future applications and product development.
Oryon Technologies, Inc. (OTCQB: ORYN) is a developer of next-generation electroluminescent ("EL") lighting technology. The patented technology trademarked as ELastoLite® enables thin, flexible, crushable, water resistant lighting systems to be incorporated into new and innovative product applications across multiple markets that otherwise would not have been feasible with previous lighting technology. Oryon has committed to initially focus its development on the textile and apparel industry, specifically sports and safety verticals, where the technology has already enjoyed successful implementation. Oryon's technology is heavily patented with over 55 patents issued or pending worldwide.
Light is the most basic and effective form of communication we as human beings can utilize. Whether for direction, style, safety, or assurance we have come to depend on light in all its forms. Oryon is a technology company focused on leveraging proprietary technology to not only incorporate light where it was not possible before, but to further develop the technology and intellectual property for the advancement of limitless applications. Currently Oryon will focus on continuing to market and develop the ELastoLite® brand in the key markets that have demonstrated acceptance and performance. Once critical mass is achieved in those key markets, Oryon aims to expand into molded specialty products which offers major competative advantages including applications for the defence, automotive and point-of-sale sectors. Ultimately, the company believes that it's technology and intellectual property applies to almost every industry and introduce significant aded value to an almost limitless number of products and technologies.
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