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There is no legal system for the rich, if one should steal an apple or an Apple he's thrown in jail for a zillion years, but those fat cats can steal anything where they can get their filthy hands on and get paid a bonus for it... I rest my case!!
Explanation of Quarterly Results:
In the quarter ending June 30, 2011, revenue was higher by $688,638 over the same quarter of 2010 where revenue rose from $447,432 to $1,166,070. The Company has increased the U.S. sales of solar trackers by 61 for an increaseof $398,000 and the ODIS contract revenue, R&D for the US Government, was up by $27,000 due to the additional contracts awarded in 2010. Most of the solar revenues were associated with three ongoing tracker installations all due to complete in August. Gross margin for the June quarter was 43%.
The three months ended June 30, 2011 included the non-cash expense of $462,999 related to stock options, some of which were granted in a prior year. This was higher by $384,604 than the year earlier quarter and $155,850 higher than the March 2011 quarter as more options were granted at higher market prices. The Company believes it is necessary to grant incentive stock options to attract and hold highly skilled employees.
OPEL increased its R&D expenses by approximately $181,000 when compared to the same quarter of 2010, but the prior years activity was low and in transition to provide our new utility grade tracking system, the TF-800, the inclusion of the wireless tracking control feature, and the newly released Mk-1X HCPV panel. These two products are what OPEL is selling into the market today and is directly responsible for the increased revenue. OPEL utilizes outside contracting houses to assist in the design of some of our future product enhancements allowing for lower permanent headcount. Going forward, our R&D expense rate is expected to remain about the same without sacrificing our product innovation.
OPEL’s G&A expenses were lower by approximately $93,000 year over year due to a conscious effort to keep our overhead expenses at these lower levels while we grow. Travel has been lower, management salaries are lower by one head and we have reduced our sales activities in Europe to focus on the growing US and Chinese markets. Our US and Chinese sales staff was in place last year and their efforts have led to the revenue growth we see today. These efforts are paying off in our increased revenue.
Liquidity and Capital Resources:
The Company had working capital of $10,637,124 at June 30, 2011, compared to $11,243,092 at December 31, 2010.
The Company continues to have good liquidity, even during these trying times of economic uncertainty and instability. Of the Company’s $15,131,944 of assets, $11,761,830 is classified as current assets, which includes $1,799,749 of cash, and $3,103,519 of short-term investments.
OPEL now has several significant orders on its backlog to be delivered throughout 2011 and into 2012 which will generate significant revenue, a fully commissioned solar installation in Spain with an approved tariff rate to be sold to a third party, and five active SBIR grants to fund the activities of ODIS, which collectively will provide the Company with sufficient cash and revenue growth to support itself and cover its liabilities over the next twelve months and beyond even if the economic down-turn should continue.
Strategy and Outlook:
During 2011, there are a number of projects planned which will address the short-term and long-term growth plans of the Company including, but not limited to the following:
Target sales and marketing efforts to the following customer markets: Independent Power Producers (IPP), Utilities in high REC areas, Brownfields, Distribution Centers, Parking Garage Owners, Convention Centers, Malls, and Municipalities and Governments with high Renewable Energy Standards.
Establish additional teaming relationships to expand the Company’s access to project opportunities and expand its technical capabilities.
Pursue selected Program Management and “One-Stop-Shop” opportunities where the potential exists for multiple projects with the same customer such that OPEL is at the top of the decision chain.
Develop a “drop-in” solution for the military market place using the POET technology, develop a Military Spec focused device and acquire a Contractor and Government Entity (CAGE) Code for its products.
Continue to work on a series of phased cost reductions geared at lowering the cost of our Mk-I HCPV solar panels by up to 40%, while continuing to increase their efficiency.
Increase the North American production capability for its single and dual axis tracking system, for both roof and ground mounting. Identify multiple sourcing capabilities to handle projected growth.
Begin to search for resources to fill out key management and field operational positions to sustain growth as orders increase.
Establish an internal development division to create future solar projects for the Company.
Establish an integrator network to help promote our solar products in Mexico, Canada and the U.S.
Identify and cultivate relationships with strategically located and positioned Solar EPC’s to be able to provide turn-key solar installations for larger customers with utility scale installations in mind.
Develop a small/medium solar package program targeted at municipalities that can be offered in the form of a PPA in selected states where incentives are favorable to package these projects to investors.
Identify and cultivate external funding sources interested in solar project finance or ownership.
Complete the third party validation of the patented POET technology to a fabrication facility that can prove
its viability and product potential through OPEL Defense Integrated Systems (“ODIS”).
Heighten prospects of U.S. Solar Legislation favoring HCPV incentives and other solar related financial opportunities, like feed-in tariffs or State and Federal grants.
Significant Events Since June 30, 2011:
ODIS Inc. (“OPEL Defense Integrated Systems”) will present two papers on the Planar Opto-Electronic Technology (“POET”) at the SPIE Optics and Photonics Conference to be held August 21-25 in San Diego,California. SPIE is the international society for optics and photonics to advance light-based technologies.
ODIS has contracted with BAE Systems to produce a series of wafers from their foundry with devices developed using the POET technology. The first wafer lot is expected to start in late August.
OPEL has initiated Warranty Insurance coverage for its trackers and has passed critical reviews by several independent engineering firms, all of which allow its trackers to be “bankable” for commercial installations.
Following approval by shareholders on June 21, 2011, the Company filed an application to the TSX Venture Exchange (TSX.V) to change the name of the Company to OPEL Technologies Inc. Following receipt of the TSX.V acceptance, Articles of Amendments will be filed and trading on the TSXV will commence under the new name.
OPEL Solar International Files Financial Results for Q2 2011
(See OPL Board for more info from M&DA)
SHELTON, CONNECTICUT AND TORONTO, ONTARIO, Aug 24, 2011 (MARKETWIRE via COMTEX News Network) --
OPEL Solar International Inc. (TSX VENTURE: OPL) ("OPEL" or "the Company"), a leading global supplier of high concentration photovoltaic ("HCPV") solar panels and ground-based and rooftop tracker systems, today announced continuing sales momentum in the second quarter of 2011. OPEL has filed on SEDAR its Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ended June 30, 2011 (collectively the "Financials").
OPEL reported revenue of $1.2 million in for the second quarter of 2011, and year to date revenue of $2.7 million. The company continues on pace to generate substantially more revenue in 2011 than it did in the full year 2010. The quarterly result surpasses the same period of 2010 by $700,000 dollars. To help ensure the continuation of the solid growth prospects, OPEL is tightly managing its operating expenses. As of June 30, 2011, the Company had $4.9 million of cash and short term investments and no debt.
OPEL Solar continued to build on the achievements of the first quarter. The backlog of orders for delivery in the last half 2011 and 2012 continues to grow. The 446kW solar power plant for Toray Plastics in Rhode Island is one of three currently being installed, and all will be completed in August. Upon its completion, Toray Plastics will be the largest solar field in the State of Rhode Island, and it was a turnkey installation by OPEL.
"We are very pleased with the progress and revenue growth OPEL has experienced in 2011," stated Michael McCoy, CFO of OPEL Solar. "We have continued to book sizable orders which will allow for the sustained revenue growth in 2011 and 2012. Customers are responding positively to our product offerings and we continue to quote potential future business."
"Even through the recent poor economic conditions, OPEL Solar continued to build on the Company's revenue momentum," stated Leon M. Pierhal, CEO of OPEL Solar. "We continue to develop our municipal utilities and brownfield efforts, and we expect to see growth continue to accelerate as a result of these and other industrial construction projects in the latter half of 2011 and into 2012.
The Company continues to build on success at its ODIS affiliate as well. Revenue included additional funding for further development of the POET technology. As was discussed at the annual general meeting, the company is actively pursuing a number of avenues to monetize the decade of effort that went into developing POET, and expects to announce initiatives in this regard in the near future. It was announced that BAE Systems also independently validated a working transistor using POET. The technology platform is being showcased in two presentations recently announced to be given at SPIE Conference in San Diego, California the week of August 22, 2011.
About OPEL Solar International and OPEL Solar, Inc. and ODIS, Inc.
With operations headquartered in Shelton, CT and head office in Toronto, Ontario, Canada, the Company, through OPEL, Inc., designs, manufactures and markets high-concentration photovoltaic panels, dual- and single-axis trackers, and related PV systems, for energy applications worldwide. The Company, through ODIS Inc., a U.S. company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory. The Company has been awarded 35 patents and has 12 patents pending, including for its POET process, which enables the monolithic fabrication of integrated circuits containing both electronic and optical elements, with potential high-speed and low-power applications in devices such as servers, tablet computers and smartphones. OPEL's common shares trade on the TSX Venture Exchange under the symbol "OPL". For more information about OPEL, please visit the Company's website at www.opelinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward -looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning OPEL's anticipated operational plans and activities including the revenue and growth outlook.
They also include OPEL's belief that "the strong revenue result in this quarter is the start of what we believe to be a long-term growth pattern for revenue during the latter half of calendar year 2011 and on into 2012."
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding future growth, plans for and completion of projects by OPEL's third party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of OPEL's anticipated projects, delays or changes in plans with respect to the development of OPEL's anticipated projects by OPEL's third party relationships, risks affecting OPEL's ability to execute projects and market its solar products, risks inherent in operating in foreign jurisdictions, the ability to attract key personnel, and the inability to raise additional capital. Additional assumptions and risks are set out in detail in OPEL's Annual Information Form, available on SEDAR at www.sedar.com.
Although OPEL believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in OPEL's securities should not place undue reliance on forward-looking statements because OPEL can provide no assurance that such expectations will prove to be correct. Forward- looking information and statements contained in this news release are as of the date of this news release and OPEL assumes no obligation to update or revise this forward-looking information and statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
OPEL
Pat V. Agudow
Vice President, Public Relations
+1 (203) 612-2366 x2612
p.agudow@opelinc.com
www.opelinc.com
ICR - Investor Relations
Gary Dvorchak, CFA
Senior Vice President
+1 (310) 954-1123
gary.dvorchak@icrinc.com
ICR - Investor Relations
Theodore Lowen
Managing Director
+1 (646) 277-1238
ted.lowen@icrinc.com
SOURCE: OPEL Solar International Inc.
mailto:p.agudow@opelinc.com http://www.opelinc.com mailto:gary.dvorchak@icrinc.com mailto:ted.lowen@icrinc.com
Copyright 2011 Marketwire, Inc., All rights reserved.
OPEL Solar International Files Financial Results for Q2 2011
SHELTON, CONNECTICUT AND TORONTO, ONTARIO, Aug 24, 2011 (MARKETWIRE via COMTEX News Network) --
OPEL Solar International Inc. (TSX VENTURE: OPL) ("OPEL" or "the Company"), a leading global supplier of high concentration photovoltaic ("HCPV") solar panels and ground-based and rooftop tracker systems, today announced continuing sales momentum in the second quarter of 2011. OPEL has filed on SEDAR its Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ended June 30, 2011 (collectively the "Financials").
OPEL reported revenue of $1.2 million in for the second quarter of 2011, and year to date revenue of $2.7 million. The company continues on pace to generate substantially more revenue in 2011 than it did in the full year 2010. The quarterly result surpasses the same period of 2010 by $700,000 dollars. To help ensure the continuation of the solid growth prospects, OPEL is tightly managing its operating expenses. As of June 30, 2011, the Company had $4.9 million of cash and short term investments and no debt.
OPEL Solar continued to build on the achievements of the first quarter. The backlog of orders for delivery in the last half 2011 and 2012 continues to grow. The 446kW solar power plant for Toray Plastics in Rhode Island is one of three currently being installed, and all will be completed in August. Upon its completion, Toray Plastics will be the largest solar field in the State of Rhode Island, and it was a turnkey installation by OPEL.
"We are very pleased with the progress and revenue growth OPEL has experienced in 2011," stated Michael McCoy, CFO of OPEL Solar. "We have continued to book sizable orders which will allow for the sustained revenue growth in 2011 and 2012. Customers are responding positively to our product offerings and we continue to quote potential future business."
"Even through the recent poor economic conditions, OPEL Solar continued to build on the Company's revenue momentum," stated Leon M. Pierhal, CEO of OPEL Solar. "We continue to develop our municipal utilities and brownfield efforts, and we expect to see growth continue to accelerate as a result of these and other industrial construction projects in the latter half of 2011 and into 2012.
The Company continues to build on success at its ODIS affiliate as well. Revenue included additional funding for further development of the POET technology. As was discussed at the annual general meeting, the company is actively pursuing a number of avenues to monetize the decade of effort that went into developing POET, and expects to announce initiatives in this regard in the near future. It was announced that BAE Systems also independently validated a working transistor using POET. The technology platform is being showcased in two presentations recently announced to be given at SPIE Conference in San Diego, California the week of August 22, 2011.
About OPEL Solar International and OPEL Solar, Inc. and ODIS, Inc.
With operations headquartered in Shelton, CT and head office in Toronto, Ontario, Canada, the Company, through OPEL, Inc., designs, manufactures and markets high-concentration photovoltaic panels, dual- and single-axis trackers, and related PV systems, for energy applications worldwide. The Company, through ODIS Inc., a U.S. company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory. The Company has been awarded 35 patents and has 12 patents pending, including for its POET process, which enables the monolithic fabrication of integrated circuits containing both electronic and optical elements, with potential high-speed and low-power applications in devices such as servers, tablet computers and smartphones. OPEL's common shares trade on the TSX Venture Exchange under the symbol "OPL". For more information about OPEL, please visit the Company's website at www.opelinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward -looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning OPEL's anticipated operational plans and activities including the revenue and growth outlook.
They also include OPEL's belief that "the strong revenue result in this quarter is the start of what we believe to be a long-term growth pattern for revenue during the latter half of calendar year 2011 and on into 2012."
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding future growth, plans for and completion of projects by OPEL's third party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of OPEL's anticipated projects, delays or changes in plans with respect to the development of OPEL's anticipated projects by OPEL's third party relationships, risks affecting OPEL's ability to execute projects and market its solar products, risks inherent in operating in foreign jurisdictions, the ability to attract key personnel, and the inability to raise additional capital. Additional assumptions and risks are set out in detail in OPEL's Annual Information Form, available on SEDAR at www.sedar.com.
Although OPEL believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in OPEL's securities should not place undue reliance on forward-looking statements because OPEL can provide no assurance that such expectations will prove to be correct. Forward- looking information and statements contained in this news release are as of the date of this news release and OPEL assumes no obligation to update or revise this forward-looking information and statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
OPEL
Pat V. Agudow
Vice President, Public Relations
+1 (203) 612-2366 x2612
p.agudow@opelinc.com
www.opelinc.com
ICR - Investor Relations
Gary Dvorchak, CFA
Senior Vice President
+1 (310) 954-1123
gary.dvorchak@icrinc.com
ICR - Investor Relations
Theodore Lowen
Managing Director
+1 (646) 277-1238
ted.lowen@icrinc.com
SOURCE: OPEL Solar International Inc.
mailto:p.agudow@opelinc.com http://www.opelinc.com mailto:gary.dvorchak@icrinc.com mailto:ted.lowen@icrinc.com
Copyright 2011 Marketwire, Inc., All rights reserved.
Hi guys, check this one out very carefully for a long term play, with near term catalysts. All the necessary DD is available and an extended Technical chart:
http://investorshub.advfn.com/boards/board.aspx?board_id=21788
GLTY
This POS is death... GAME OVER
Universal Bioenergy Announces the Engagement of Bongiovanni & Associates as New Auditor
IRVINE, Calif., Aug 24, 2011 (GlobeNewswire via COMTEX News Network) --
Universal Bioenergy Inc., (Pink Sheets:UBRG), a publicly traded energy company, announced today that it has engaged the services of Bongiovanni & Associates, CPA's of Cornelius, North Carolina as its new independent registered public accounting firm for the Company. The decision to engage Bongiovanni & Associates, CPA's as the Company's independent registered public accounting firm was approved by the Company's Board of Directors. Formal notification detailing this action was filed in a Form 8-K with the SEC.
Bongiovanni & Associates, CPA's replaces the company's previous independent registered public accounting firm, S.E. Clark & Company P.C. Bongiovanni & Associates, CPA's commenced serving as Universal Bioenergy's independent auditor effective August 18, 2011. Bongiovanni & Associates have begun reviewing Universal's financial statements for the first and second fiscal quarters ended March 31, 2011 and June 30, 2011, and when completed would make Universal current in its SEC filing obligations.
Bongiovanni & Associates, CPA's are registered with the Public Company Accounting Oversight Board (PCAOB), and provide a full range of comprehensive accounting and auditing services to public companies in a full spectrum of industries throughout the United States and China. They offer the resources of a highly experienced professional team of Partners and audit associates, that focus on companies in the middle market and emerging businesses, and have offices located in North Carolina, Florida and Guangdong Province, China.
Vince M. Guest, President of Universal, stated, "We're very excited about engaging Bongiovanni & Associates as our new auditor. With the recent double-digit revenue growth of our Company and our future acquisitions, we felt it was necessary to engage the services of an auditor such as Bongiovanni & Associates with their strong background, experience and credentials. We believe Bongiovanni & Associates' wealth of experience will help us to quickly complete our filings on a timely basis, and assist us in the process of being listed on the Bulletin Board and the Frankfurt Stock Exchange. We feel that Bongiovanni & Associates offers our shareholders a strong combination of high quality services, from working with companies throughout the U.S. and China, and should add to the shareholder value of Universal."
The Company has not had any disagreements with S.E. Clark & Company P.C. on any matter of accounting principles or practices, financial statement disclosures or auditing scope or procedure.
About Universal Bioenergy Inc.
Universal Bioenergy Inc. is an energy company, that intends to market natural and alternative energy including natural gas, petroleum, solar, biofuels, wind, synthetic fuels and related energy technology products. It plans to build the company into a prominent player in alternative energy.
The Universal Bioenergy Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6784
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Universal Bioenergy Inc.
CONTACT: Media Relations: Solomon Ali 949-559-5017
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
Nice scoring there YBA...
I've lost my trust with GNPG and there is a lot that needs to be mended before they can earn it back. I will keep my eye on it and IF the Maersk deal is announced I might get back in... that is IF Maersk wasn't the carrot trick all along...
GLTA
Yeah just about, lol.
But some have it under control with a nice growt story behind it..
Somewhere in that 0.1% resides the beauty that is a pearl... but you won't find on this board...
Look at the share structure, check if they have convertibles and when they come due, look at assets vs liabilities, debt etc etc...
Fair point, whats a bar without beer eh...
Well Blue_xx, this is one of the best responses I've seen to my first post on any message board, thats for sure. I totally agree on the fundamental metrics and why each of them is important.
You have gone through a lot of trouble and effort to compose your welcome pitch.
The Buffet connection is something that doesn't rock my craddle, because he didn't wanted to get involved with BYD in the first place... And I have no lead in believing that he would get involved with ABAT... You know the saying, if its good to be true etc etc...
I didn't need the Buffet-trick to get in or not, because there are enough reasons otherwise to decide to get in. I'm not denying that Buffet "could" buy ABAT, but its just to hard to believe right now.
I will do more research on ABAT after I'm done reading through this mountain of Q's & K's lingering around...
Anyways, thanks for your elaborate effort and if I like what I see I will add ABAT...
Cya7
Always do your DD before you enter a stock!!
If you don't you get burned, each and every time, until you learn or loose all of your money... and no one would care if you did... Always read one Quarterly report before you enter, and don't wory of missing the boat becaause its always coming back to the harbor, if you know what I mean.
You will have ample opportunities to enter a stock but you can loose your only once...
Thank you for the update!!
Thanks JER1, I only discovered WMAG late last night and did some quick reading this morning, but I'll have to do more digging or be enticed with an appetizer...
I love the ss of this stock but aren't you concerned with the very poor Income Statement for whole 2011?
There is no direct way in knowing if it has begon already, thats true, but if you understand what that deal really means then its pretty safe to say that it hasn't started yet.
The recent sell off was partially EVCA sellin' shares and convertibles, which triggered retailers to sell too.
But all the sellin' volume of those days are going to dwarf the amount that Auctus is going to flush through so EVCA can get their first 250k Drawdown financing. JMO
I already crunched the numbers once and that may give ya an indication of whats comin'...
I compared this Q with the Mar Q and there is not much to hype... on the contrary, the O/S has increased with 30 000 000... and the dilution of the Auctus deal hasn't began yet... But I guess that the new bottom fishers don't know about that...
Bought my first starter position here... LT
How is ABAT performing guys?
Had it on my radar a while back but completely lost it out of sight. Just read the 10 mil sh buy back
Though looking at the date of the Q release and the reaction on the chart I'm inclined to think that it wasn't all that good.
Correct me if I'm wrong? Haven't read the 10Q yet, simply because I don't have any time to do so... Any thoughts on it?
Cya7
"Nice sleeper here"... maybe they slept too long.
Look at the Income Statement in comparison with 2010?
Revenue
Revenue for the three months ended June 30, 2011 was $0 as compared to $10,920,284 for the three months ended June 30, 2010. Revenue for the six months ended June 30, 2011 decreased to $0 from $16,722,364 for the six months ended June 30, 2010.
The decrease in revenues over the comparative periods can be attributed to the sale of World Wide at October 31, 2010.
WWA Group expects revenue to remain at $0 until such time as it realizes revenue from Asset Forum.
SS looks nice though...
Design of microdisk modulators and detectors for high-speed integrated WDM systems:
G. W. Taylor, Univ. of Connecticut (United States); J. Cai, B. Pile, Y. Zang, ODIS, Inc. (United States)
It is anticipated that future VLSI integrated circuits will be optoelectronic with optical and electronic I/O. It will also involve a significant level of on-chip optical interconnects to connect CPU cores with cache memory and perform routing functions between functional blocks. Thus, in conjunction with transistors, the circuits will require a significant density of lasers, detectors and modulators. To achieve these densities with future scalability, the optimum geometries for laser, detector, modulator, and switch functions are microresonators. The resonance
characteristic enables a reduced form factor and, further, it enables WDM to be employed within the chip. In this paper, the microdisk will be evaluated as an absorption and phase modulator in the context of POET (Planar OptoElectronic Technology), a new technology approach for optoelectronic integrated circuits. The modulation is obtained by the blue shift of the absorption edge with the injection of channel charge. The large absorption change provides unique control over of the resonator characteristics, whereas the majority of reported microresonator modulators rely mostly on index change. It will be shown that the POET absorption modulator achieves full on-off switching with voltage inputs of 0.3V and an electrically-dominated bandwidth of 50GHz for a 10um diameter disk. Furthermore a row these disks may access the same straight waveguide to achieve WDM with wavelength separations of
about 2nm. Using similiar geometry a row of wavelength selective detectors can be implemented to provide an optimum WDM interface.
http://spie.org/Documents/ConferencesExhibitions/OP11-Abstracts.pdf
http://spie.org/Documents/ConferencesExhibitions/OP11-final-L.pdf
And which one is more accurate?
10Q March 31, 2011
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As of May 13, 2011, there were 129,818,795 shares of Common Stock, $0.001 par value; 2,500,000 shares of Class A Convertible Preferred Stock, $0.001 par value; and 1,500,000 shares of Class B Convertible Preferred Stock, $0.001 par value.
10Q: June 30, 2011
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As of August 12, 2011, there were 162,118,532 shares of Common Stock, $0.001 par value; and 1,500,000 shares of Class B Convertible Preferred Stock, $0.001 par value.
And the A/S is 450 000 000...
oopsi wapsi, I just got my first email reply:
Mr. xxxxxx,
I would like to apologize for the tardy response, I’ve been away on holiday and just starting to catch up with my emails and voice mails.
Share Structure
Market Value $2,330,059.00
Shares Outstanding 896,176,646
Float 640,000,000
Authorized Shares 2,000,000,000
Par Value 0.1
Regarding your question on transparency, we have all of our major contracts and press releases posted on our web site: http://www.pgienergy.us/NewProjects.html
Thank you for your time and consideration.
Regards
José I. Colón
What are you talking about?
Your post doesn't seem like its an answer to someone, unless its an PM of course...
FINRA is working on it...
Not sure why you address that to me because I'm out of this stock weeks ago just for the dump... Let see what the Q has to say... & BTW I'm not into swingin', lol
My guess is that they will try and drive the SP up by then, but my guess is as good as the next one...
Yes could be, but its still not definitive, because retailers can have restricted shares as well under certain circumstances...
"If you own unrestricted stocks your shares will be unrestricted, if you own restricted stocks your shares will be restricted." [edited]
Hi guys, keep an eye on OPL.V lots of catalysts to come, check extensive DD & TA chart:
http://investorshub.advfn.com/boards/board.aspx?board_id=21788
Keep an eye on OPL.V lots of catalysts to come, check extensive DD & TA chart:
http://investorshub.advfn.com/boards/board.aspx?board_id=21788
Will it be the entire O/S or just the public float who gets a dividend?
Yep, otherwise there is no merit at all to give a dividend like that.
"Unlike" --> You have a point according to the explanation, and its up to the individual investor to assess if the dividend will have long term merit.
"The shareholder can either keep the shares and hope that the company will be able to use the money not paid out in a cash dividend to earn a better rate of return..."
"Stock dividends are thought to be superior to cash dividends as long as they are not accompanied with a cash option."
This is just a typo, otherwise the sentence would contain an oxymoron.
"Unlike a stock split which changes the stock price, a stock dividend does directly change the stock price like a split."
does = doesn't
Well I see only one day under 10 mil vol in Aug. so yeah LMAO
You call 4 mil shares a wall? LMAO
That was a nasty Pump & Dump bro, do some research!