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Regardless of PRs, I’m with most of you. We’re going no where in share price without SEC filings validating 2019 revenue and/or a major licensing deal is announced with a display OEM or well known blockchain customer. Displays seem to be a sooner probability this year than blockchain based on my interpretation of the update comments.
You think? Of course they had some kind of proof. You don’t drop a million dollars on a piece of non-functional equipment unless you just have cash to throw around and are a huge gambling risk taker. Most governments are not risk takers.
As you’ve stated many times, it takes time to test a product. It appears in April they created a product that had good performance, but since that time they’ve been testing it with partners. Hopefully, it’s actual ready for market finally.
If history repeats itself and it does a lot in QMC’s history as you and other like to remind people, the other JV was no shares of QMC (QMC Asia).
I don't see dilution here. The investor will own a portion of a joint venture, not a part of QMC.
Oops, I missed that as I was just reading the design/detail part when I reread it today. Based on that, I think they clearly underestimated the time table when giving that statement.
They clearly didn’t speak to time line in the last couple PR. They just said they were starting detailed design in July. Then in the October update they stated they were doing prefab.
I’ve been doing construction management for over 4 years now for industrial and commercial applications.
You could say they were overselling it or depending on the investor to research how long it takes to design and build. Of course, they could have simply provided us with 3-4 milestones and dates and made all our lives easier. ;)
The July PR really gives you the best starting point and given my experience so far, they could just be getting permits to start ground work.
As for prefab, I was just on the 8th floor of a 24 story building going up. You can actually do a lot of prefab concrete and beams for floor and walls, which does significantly decrease construction time versus cutting, forming, welding, and pouring concrete at the site. They could start prefab well before the detailed design is approved/permitted.
I just saw a new 3 story office building go up near my house in about 5 months. It’s larger than the facility QMC is saying will be built.
How about this for a reason?
Construction life cycle 101.
1) Engineering design and construction drawings for zoning and construction permits: 4-9 months depending on complexity of design and number of rounds required to resolve customer comments (PR July 2019 stated that design work was just completing and they had selected a firm to do the detailed design).
2) Permit approvals 1-6 months: depends on review period requirements and how well the engineering firm meets code requirements without having to resolve multiple rounds of comments from government agency issuing the permits.
They should at this point 6 months later be close to having permits to start construction on the best design/build construction schedule.
Just to add to the daily punching contest!
A new nuclear reactor design takes over a decade to design, get regulator approval of design and operating license, then years more to build.
Take a look at Nuscale and Kairos Power as examples. Still years from revenues from their business venture into small modular reactors. Nuscale has been at it for over a decade and is almost ready to start construction on first prototype reactor at Idaho National Labs. I interviewed with Nuscale in 2009 and it had been around for two years already at that point.
Kairos Power is only in the initial design phase and it'll be over a decade before they get a plant built, if its design is approved by the regulator.
https://www.nuscalepower.com/
https://kairospower.com/
To compare apples to apples, Nanosys was founded in 2001. When did their first Samsung TV hit the market? I believe it was 2014 or 2015. Therefore it took them about 13 years to make it to market and start having revenue. I believe it was 2-3 years later before Nanosys said they were positive on cash flow, making profits.
https://www.nanosysinc.com/who-we-are
We could go on and on about tech company startups if anyone wants to do so. Almost none of them make money for years.
Hey, we all have jobs and other distractions in our life that prevent diving into things like that.
Thanks for the update.
With respect to 2017 application, I have looked at it yet and we don’t have QMC’s, but is there a difference between their blockchain claim and blockchain with distributed ledgers in 2019?
I don’t have enough understanding as to time table of the various evolutions within blockchain and for that matter what QMC or Dotz claimed in their patents. Could be two very different uses of blockchain for all we know. Clearly their patent was using Grahame qdots which is likely a big difference from what QMC has been developing.
Search the USPTO and you'll get about 12 patents with the search:
Inching ever so higher with efficiency.
Cascade surface modification of colloidal quantum dot inks enables efficient bulk homojunction photovoltaics
https://www.nature.com/articles/s41467-019-13437-2
Samsung Unveils New Odyssey Gaming Monitor Line-up at CES 2020
https://news.samsung.com/global/samsung-unveils-new-odyssey-gaming-monitor-line-up-at-ces-2020
Display market continues to grow.
I know I bought 2 QLED TVs after our move this year, Samsung 65" and Vizio 55". The Samsung has the best picture of the two, but it was the Q80 model. It has excellent side viewing which is needed for the location where I put it.
They sure beat the 15+ year old Plasma TV and LCD that we had.
Thanks, I guess I kind of read over that.
BigE or Kurt, you have the industry inside knowledge.
Why exactly would Samsung need a new pilot production line? Is the difference between the two production line types that much different?
Won’t argue there! ;)
I love how the differing view points on here want to call out the assumptions the extreme supporters make constantly, yet others assume since we didn’t get an 8k that the money was never received.
Not the point! The fact is we don’t know.
A year late? The latest filing with the SEC only covers through March 2019.
You’re assuming they should have filed an 8k to tell us, which isn’t necessarily required per 8k filing rules.
Would I have liked to see a PR and 8k, yes. But, to say it’s a year late is assuming that it wasn’t received after March 2019 when we just don’t know and won’t until they get the overdue 10K and 10Q filed.
I for one don’t know if it’s been paid in full or not. Should they PR every bit of revenue, maybe or maybe not at this beginning stage.
We’re stuck waiting for two filings to tell us if it was paid.
Let me just add a bit of reality to contracts. I’ve had customers default several times on different portions of a contract. Do you jump to lawsuits right away? Hell, no! You talk to customer and find out why they failed to deliver a deliverable or payment and you work with them to make things right. Just because a contract is legally in default doesn’t necessarily mean things don’t work out to meet all deliverables and payments.
Just posting news about the QD industry status. Samsung clearly is driving the display sector.
I bought one of their QR80s recently. It has a beautiful picture.
Samsung shaking up their QD tv supply chain and slight delay in expansion of their QD tv production lines.
http://english.etnews.com/20191226200001
http://english.etnews.com/20191224200001
Thanks for legal clarifications.
Hmm! Interesting coincidence!
Again, I said, I think (disclaimer), I thought you or maybe Kurt was discussing it when the case was opened.
Sorry if I remembered wrong.
Funny, PR and claim filed the same day. As BigE stated previously, I think, it’s likely a battle over sales contacts. They are all located in the Austin area.
Looks like Hartigan wants Intiva's CEO to testify about something.
How do we know the video was taken last month and not just uploaded last month?
Even in a simple line as the pattern, you could have 1e14 unique tags with 30 wavelength options and 10 user in a line.
As you said, given some use of pattern, the possibilities are nearly infinite.
A question that just popped into my head is whether each product has a unique qd tag or every item has a different one.
I would think you could use a qd tag specific to one product. That would allow you to authenticate based on the product, maybe in combination with a UPC or serial number.
Just another thought on how this might be implemented.
Stop reading or stop following!
That was an October 2014 interview.
That was my conclusion as well on the Merck patents.