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I agree... patience is running thin. I think JD needs to come out with specifics on what is going on. That last communication he had indicating that the prototype will be ready in July, ONCE AGAIN, does more harm than good. I keep going back to the shocking fact that a prototype does not exist now... never mind having to wait another five months.
Pretty much the only thing that will make me feel like there is hope is a statement from JD telling us through specifics why he thinks this company is going to succeed. I don't want to hear that 'we have some great ideas that will all become apparent soon.' I want to hear him say that we have discovered something or we have successfully tested a new concept, etc. Otherwise, how is he any different than anyone else who thinks that they have a good idea? I understand that he will not want to put out specific technological details/secrets, but I want to at least know that he has something other than some ideas.
I also want to know what the deal is with Carleton. I have already written it off in my mind. With JD's track record, the fact that he will not address the Carleton issue means that there is something about it that he does not want shareholders to know. Sorry, JD. But at this point I can only assume that he is hiding something based on his past performance. I hope you prove me wrong JD... I would never be so happy to be proven wrong!!
L2 anyone? Thanks.
Thanks for the info. I am aware of the definition of insider trading. I would have to respectfully disagree with your assertion that the release of the timeline of a development project through a PR would be insider trading. If JD were to selectively tell someone, that would be insider trading.
Under your application of the definition of insider trading, the buying and selling of a stock as the result of a company stating that it will do anything on a date would be insider information... the buying and selling on release of the timeline for the HOSS deal was, under your definition, insider trading. What you are saying is that a company can never release a timeline on anything because people could buy and sell in anticipation of the pre-announced event. Companies put out PRs every day saying that they are going to do something on such a date or that they anticipate some project or event to be completed by such a date... that is what PRs are for.
What would be insider trading about stating what the timeline is for the development of the prototype and/or the specs? There could be nothing further from insider trading than telling everyone what the timeline is. Keeping it to himself I think is a breach of his duty to keep the shareholders informed. All it does is add to concern that there is no hard timeline.
At this point, JD has to be concerned about all shareholders bailing on him. I say him because from the tone of some on this board, myself included, shareholders are beginning to doubt his ability to lead this ompany. All we have to go on really are the PRs and they have been dreadfully poor. As a result, it sounds like many of the longs have already sold or are getting ready to sell.
Someone said JD needs to throw the shareholders a bone. He needs to do more than that. He needs to tell the shareholders what is going on so that we can make informed descisions regarding our investments. SYMW is not HIS company. The shareholders own it, and we deserve... we have the right... to be adequately informed of what is going on.
Thanks for the reply. I don't think giving out an estimated timeline should be a problem. Any research or devlopment project has a timeline... it must. I will not understand if JD says that he cannot release such info. I think by not releasing it, it is more of a problem for him. I understand that timelines change and JD may say that because of the uncertainty with such a timeline he does not want to release it. But, I really do feel that he has a duty to let us know. If the timeline is then adhered to, great. If for whatever reason it cannot be, JD simply has to say that for whatever the reason, the timeline has changed. If you've seen my posts lately you can tell I am frustrated to say the least. I really want to stay on board here, but it is getting tougher. JD may be the greatest guy in the world, the smartest, the most honest. But the PRs and his saying one thing one day (to you and Sho) and then never addressing it again is extremely frustrating. Thanks for your DD Mikey. I am staying put for now, but man is it getting harder to do so by the day.
I'm just curious if anybody has a call or an email into JD about anything. Looks like that is the only way e are going to get real info. If anyone does reach him, I'm curious about the timelines. He must have them, since he is moving them up.
Wow!! What amazing and insightful comments from the cap'n!!
I feel the same way. How did we get here... invested in a company that has no product, not even a prototype? I am not ready to throw in the towel, but I feel misled by someone. If anyone has read any of my posts in the past, I know that I will sound redundant, but I just don't get what JD was referring to when he said he was dying to put out a PR and that it would be worth the wait for shareholders. I do not doubt that he said those things to Sho, so why did he say them if there is no product, just unproven ideas as he himself has said. I really am getting close to selling, even at a loss. How can there not be a prototype? How can he be doing the prototyping in-house if the Carleton project is still ongoing? What happened to the 'partners'? What happened to the NDAs? Why put out a PR about expedited timelines but say nothing about what the timelines are?
The other thing I feel like I need to get off my chest is that, while it is commonly stated that JD does not put out PRs to affect share price or to affect shareholder concerns. But the PR regarding the NDAs was put out, clearly in my mind, to calm the fears of all shareholders that the company was going to fail due to the failure of the Hoss deal. It was put out on the same day (or within a day or so I believe) of the announcement of the failure of the Hoss deal. The fact that NOTHING has been said since about the NDAs only adds to my suspicion that the PR was premature at best.
I own a lot of shares, so I am not bashing. I want this stock to soar. I even still think it might. But, my frustration is becoming overwhelming and I may sell and move on. One more PR telling us how much SYMW has NOT done (because that is what I have gotten out of the last few PRs... that SYMW is not even close to being at the stage that I believe we were led to believe they were), and I think I am gone.
We need specifics... period... end of story.
Count me in with concern about the status of the NDAs. It seems to me that, while the NDAs may still technically be in place, the parties are no longer activey engaged in discussions. I say this due to the lack of any kind of update on the NDAs, and from the language that JD uses in his PRs. Of course I could be, and I hope that I am, wrong. Also, while I guess it is good that they are getting inquiries and the timeline for the prototype will be moved up, how can you put out such a PR without any reference whatsoever regarding what the timelines are!!! JD, you're killing me bro!! Once again, JD's PR, in my opinion, does as much, if not more, harm than good. These PRs create questions and concern. I still feel like the company is going in the right direction, but it just seems that we were led to believe that they were much further along than they are. Also, I still don't understand how the in-house prototype project and the Carleton project differ, unless the Carleton project was pure research and no development. If anybode can talk me down from my concerns, please do!
I agree with your concern... it is exactly what I thought when I read the post. These email and telephone communications with JD are great, but I wish someone with access to JD would ask him directly about the differene between what he said to Sho and what he is saying now. Something has to have changed because how could he say that he was dying to put out a PR but could not, verses what he is saying now, or NOT saying now, regarding partners etc. My other concern is his statement that once the prototype is built their ideas can then be tested. I know you need a prototype to test ideas, but what has he been trying to sell potential partners on if his ideas have not even been tested? I don't think I am be cynical or overly critical. These questions seem quite obvious and hard to ignore in my mind. As I have said in my past postings, I am a long-term investor with many shares which I have no intention of selling until things become much more clear. I just hope that someone asks JD directly about partners and whether anything has changed since being so enthusiastic back when he spoke with Sho. He certainly still seems enthusiastic, but no longer seems to be on the verge of making the announcements that he indicated he would be making back then. Something has changed, the question is what.
Thanks for the post greenplus. Could you address the convern some have that we inevitably will have to endure a reverse split at some point. I certainly hope not, but I understand why some think that there is no way around it if the pps is to get to a significant level. Thanks from a long-term holder.
That is my question as well... are there partners or other parties involved with SYMW in any manner. It certainly does not sound like it. JD needs to answer these questions. He said there were such alliances, therefore he cannot say that he can't address the subject. He addressed it in the past. I am still long with a large number of shares. I just want answers. I don't think that is too much to ask. Once again, his PR opens up more questions than it answers.
Good post and I agree that this is a likely explanation for things. My concern is once again JD's wordsmithing... I thought the same thing re the float and that fact that what he said may have technically been the truth.
But my other concern is just the fact that he has previously indicated through his email statements and telephone conversations that big things were in the works. In light of the fact that he does not even have a prototype built how can there be much interest, much less a partnership, at this point? I just wish he would explain what is going on. Most of the uproar I believe is the direct result of his earlier statements leading us to believe big things would be announced soon, only to get these disappointing PRs which only seem to tell us that things are not even close to being where we had been led to believe they were and absolutely no explanation as to why.
I agree. The only thing that I keep coming back to in my mind is that JD has been somwhat responsive to emails and telephone calls, which, if this is a scam, puts him at great legal risk if he stated any falsehoods, etc. This is why I really don't think this is a scam. I do think that JD is his own worst enemy with these ridiculous PRs. The PRs themselves have caused all the concern by their lack of substance... making it seem as if they are a smoke screen. I mean, he put out a PR about bringing the prototyping in-house while conveniently neglecting to say that the Carleton project had ended. So as I have been saying, it is time for JD to stop with the quaint 'I can't telegraph the next PR' and address spefic issues using direct, unambiguous language... no more saying that the state of the partnerships have not changed from the state they were in when they were announced, or whatever the heck he said in that email to Sho. He needs to answer these questions: Are the NDAs still in place and are deals still actively being pursued with respect to those NDAs? What is the status of the Carleton project? Are there partners or other parties with whom SYMW is working with? What is the status of the float... and why did he say it was unchanged? Are there things that JD was hopeful about but that have fallen through? (I can't get past his enthusiasm in his conversations with Sho... saying he was dying to put out a PR, etc. and then nothing). I'm sure there are many other things but these are the ones that I am thinking of right now.
Great. It seems that the results should be public as the project was funded with government money. Right??
Sho or Mikey, I know you/we are frustrated, but I think someone needs to once again contact JD and ask him about the university project in light of the fact that it is no longer posted on the university's website and in light of the fact that JD just announced an in-house prototype project. We have a right to know the results of the Carleton project. It seems clear that the in-house project is the result of the end of the Carleton project, but the question is why did the Carleton project end and what were the results. Thanks.
Lets hope so! Why do you think that JD is taking the prototyping in-house? Wasn't that the objectivee of the Carleton project? Also, the fact that these MM's are picking up shares, does this mean they feel the company does have potential, or are they just buying and selling between themselves? Thanks.
Can you explain this information? The only number I understand is the 413,639,699.
I agree. People were expecting something more... anything more, and when they got these last two PR's they threw in the towel. I know that I am at my wits end and am fighting the urge to sell. I think a lot of people saw these last two pr's and realized that the company may not be as nearly far along as we may have been led to believe. I am not selling, but either JD is the worst PR person or the company is not progressing as quickly as we all thought/expected. At this point, JD needs to tell us what is going on... no more 'I can't telegraph the next pr.' Once again, I do not question JD's integrity, but these PR's seem to be doing more harm than good. You can't put out a PR saying that great things are in the works, and then follow-up that PR with the types of announcements of Friday and today. People are expecting more simply because JD has led us to believe that there would be more.
Mikey, if you are starting to doubt JD, then I am really becoming concerned. Also, am I missing something? I thought the Flowing
Electrolyte Direct Methanol Fuel Cell prototype was already in the works?? I am not surprised that this news did not increase share price. I actually think this morning's news held back any gains that Friday's news may have brought. I mean, I would have expected any news respecting the prototype to consist of an announcement that the prototype was done or close or at least looking good... I was not expecting news that there are plans to build a prototype. What is going on here???? I am long with a large number of shares, so I am hoping for the best. I am just concerned and confused.
That's good, but his PR's, emails and telephone conversations imply new partnerships and associations. If he is just referring to Carleton and HET, then I am concerned because I think he has specifically implied that there are new partnerships and associations.
Thanks for the post Sho. I still am concerned that he is no longer saying anything about timing. I know that he says he can't telegraph the next PR... but he did just that in his last PR when he said that PR(s) would be out over the coming days and weeks. I just wish he would give an updated statement on the timing. The other thing is that I really don't understand why he can't say anything about the timing. I can understand him not being able to saying anything about what the content of the next PR will be, but I don't get why he can't say something along the lines of "we hope to update our last statement within the next ____ days/weeks/months. But, we make no guarantees about the timing..." I am still concerned that things have not gone as planned and that is why the PR has not come out. The other thing I am concerned about is the language in the email to you. "[A]ll of our partnerships and alliances remain in the state in which we announced them." He has never technically announced a partnership or alliance... he has implied that partnerships or alliances may exist or be in the works, but he has never actually announced their existence. I have a substantial number of shares, so I am not bashing... I am just concerned while hoping for the best. Thanks.
I think someone should call JD and ask him two simple questions... 1) Are you still as optimistic about the specific subject matter that you were referring to when you spoke with Sho-Nuff on Jan. 7 and Nov. 18 in which you indicated that you were dying to put out a PR because it would be worth the shareholder's wait? (I underlined specific subject matter because I don't want to ask whether he is still generally optimistic about SYMW... in the conversations with Sho there were specific parties and ventures that he was referring to, and I think we have a right to know if those things and parties remain unchanged.) 2) If you are not as optimistic about those specific parties and ventures, why not?
I don't think that we should be afraid to annoy JD, as SYMW is a public company and a lot of people have money at stake. If JD is going to make optimistic statements (which I am always glad to hear), then he has to stick by what he says and if the things that were the basis of his optimistic statements change, than he has a duty to inform the shareholders of any such changes. Thanks.
Looking forward to it. Do you have any sense of what the news will be? I am most curious about the status of potential partnerships or ventures involving other parties. Can you at least say whether the news will address this issue?
I really don't want to be so picky, but you (JD) did signal when news would come out when you said 'days and weeks.' I mean, again, I know my frustration is showing, but if you say 'days and weeks' that is a clear implication that something will occur within days and that more will subsequently occur within weeks. I am not being overly analytical. I think thoise who are saying that when he said 'days and weeks' he really didn't mean 'days' are over analyzing what he meant. He said days, and it should have been days therefore. I understand that statements are made and then things change. But when statements about timing are not kept on a routine basis, it becomes frustrating and concerning.
Exactly what I was thinking. No mention of partners etc. I am still long and have no intention of selling before the next PR. But, it is really difficult not to be concerned. The most exciting thing about the 1-22-10 PR was that he indicated that we would get another PR within days. Now that that one nugget has turned out to not be true, I feel that the PR had nothing significant at all. It's lack of specificity makes it worse than if no PR had come out at all. Someone needs to get in touch with JD and find out if the partnerships he referred to in his previous PR and telephone conversations are still viable. I am talking about getting a comment from him on those specific parties that he referred to in those past PR's and telephone calls. He referred to them previously so there is no reason that he cannot at least say whether things are progressing with those specific parties or not. A lot of people have held onto shares and even bought shares based on these previous statements, so he has a fiduciary duty to keep us informed. If he cannot comment due to an NDA, then he needs to tell us that. I do not doubt his integrity, but he has to do more to keep us informed. He has a DUTY to do so.
I agree... how could their posting of an opening on the project be a negative in any way? Does anyone believe that this one person that they are looking for is the whole project? Further, this posting is a POSITIVE THING... if the project was a dead end, they would be looking to add people to it IMO.
I mean, I am frustrated... I wish JD had not said 'days' and weeks. It seems that if there was any chance that news would not come out in 'days' then he should not have said that in light of the high level of frustration already out here. But, I am putting my money on what JD has told those who have talked with him... things like it will be worth our wait, etc. I am hoping that the delays have been because things are going well; and that because they are going well, more needs to be done for the PR to be ready. I am hoping that the delays are not because things have fallen apart or are falling apart.
Mikey... are you still standing by your prediction of news today? I hope so! Thanks.
Mikey... can you tell us anything? You indicated a PR would be here this week. Was that told to you or were you speculating? I'm OK with it either way, but if it was told to you I would find that encouraging. Thanks.
Mikey... please, please, please, please tell me you are basing your message on something solid that you know. You have been great with the info, and I am hoping that your prediction is not based on hope or speculation. That is done way too much on these boards (albeit usually with very good intentions). Thanks Mikey.
There has been a lot of guessing and hoping but i have not seen any actual news that a pr would come out monday. Where did you hear this? I certainly hope it is true! Thanks.
I agree that talk of $4.00 a share or anything even remotley close is not helpful if the point is to try and make others think it will get there again. But I don't think that is what 'great' meant to imply.
What is important about the $4.00 share price in 07 is that it shows that this company is not some fly by night scam cooked up to make some quick cash for a scam artist. It is a company that has a history, which gives it credibility.
I enjoy this board because it is positive for the most part in a rational way. I have to say that Han Solo and some of the other bashers on some of the other boards are somewhat sad. If they don't believe in the stock than don't bother with it. But to spend so much time bashing a stock that they have no financial interest in is a sad commentary on them.
Anyway... I hope the news from SYMW is positive and that it comes sooooon!!
Sho-Nuff, Did JD refer to the others as the other 'partners' or the other 'parties'? Just curious. Thanks!
buyeesoforyourself77,
I appreciate your posts. They are entertaining, but more importantly to me, they are - for some reason - reassuring. I am curious about your background... are you an engineer or scientist? Just curious. Thanks again for the posts.
I am long term and I will not even consider selling until the next news is out. That said, I am quite frustrated at the lack of communication from JD. I am not asking for news for the sake of news. I am asking for a statement saying whether or not the NDA agreements are still in place and whether negotiations are ongoing. Now, I know that many will say that JD does not care about the stock price. But, as we all know, he has a fiduciary duty to care about the stock price.
K from Cal... can you find something... anything... out. You seemed to have info about the size of the NDA (219 pages) that nobody else had. Also, someone must know something about how the research at Carleton is going.
Has anybody spoken or been in touch by email with JD? I am wondering about the status of the two companies that were referenced in the NDA PR. They were not mentioned in the most recent PR, so I am wondering if nothing has come of those discussions. I hope I am wrong, and i hope that real, factual news will come out soon. Any thoughts?
K from Cal... can you expand on this 12-18 mo plan that you expect to come out? Is this just your opion or have you been told this? You seem to have some good connections, so please... can you get us some info? Thanks.
When?? Will the next PR include identification of the parties involved with the August 24 PR? Thanks.
I do agree. But it would be helpful, in light of earlier postings indicating that news would be out within days rather than weeks, if the company would come out with a follow-up pr stating that discussions are still ongoing. Not a fluff pr, but a legitimate update. I am long-term, but I am getting a little concerned.
K from Cal... can you get in touch w/ JD? I am long term but you previously indicated that he said the wait on news would be days rather than weeks. We are getting into weeks. I am not concerned, just anxious.
question on the float... If there is a problem with the float re possible dilution, what options are available for the company to remedy that? Thanks.
what did the end of day L2 look like?