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And some on this board will say it will take the time it takes if they are still waiting here ten years from now.
First Solar is doomed. They wasted 150 million last year on R&D, while Solterra clearly is superior while not wasting any money on research. We will go to the stars when we do the IPO.
That is correct.
And it's always the Posners, they are the Boogeyman of this board. If they were not real someone here would create them.
Realistically it's a penny stock, the "left with nothing" is the most probable outcome. If they succeed we will have a fantastic payday, if they fade away oh well.
While I'd like to make money, part of me is curious how long some of the diehards will continue with the "it will take the time it takes". Will they still be singing it in a year or 3. Someone posted an article the other day about the Chinese planning a worldwide electrical grid for 2050, I can easily see some here saying that will be out project in only 34 years!
I can safely predict it will not fall more than another dime.
I'd be amazed if more than a tiny fraction of the 20 million went to reactors. The vast majority went to buildings, or salaries, or payoffs to do business in China. This way if nothing ever comes of it, GTG isn't out much as it maintains ownership of the built up infrastructure. They are not going to be throwing millions into reactors when to date no one has bought anything made in one. Maybe they buy one, I can't imagine they have the immediate need for more than that.
They did not get 20 million from GTG, we don't know if they even got $1.
GTG agreed to to put 20 million into building up the China operation. That could be buildings, or reactors, or even paying for a sales force. Nowhere did it state they were giving QMC any money at all.
Only on this board would people see the reasoning for a private placement as someone wanting in.
The only things that are clear from this placement are that:
1) we won't be organically growing to the Nasdaq this year as you don't offer shares up at 15 cents if you expect the stock to be at a buck or three in the next nine months.
2) there are no significant sales on the horizon. Again, placements are meant to be done to optimize revenue, you do not do one now if a revenue announcement is right around the corner and the stock place will increase. Also, they have no need for 2 million if revenues are around the corner
3) Just a guess here, but I'd say we will get another note in a couple days that the offering is complete. The terms are unusual so I'm guessing it's already done and complete
Only time will tell if they are cheap shares. People here have been congratulating themselves on getting cheap shares since it's been falling from 45 cents two years ago. So far the fall has been steady but shows no signs of ebbing. Four months ago I said I wouldn't touch Nanoco because I won't touch a falling knife. That's the same reason I can't buy anymore of this right now.
Those damn fool Posners have been selling since we were at 45 cents. Don't they know what they own.
Nanoco is clearly in big trouble, the stock is down 75% from a couple years ago. I'd hate to be in a stock that was down that much.
The 5 million is clearly meant to be worldwide. His statement was:
"The company expects to ship over 5 million of these premium sets this year. That's more than five times the number of OLED sets LG hopes to ship in the same timeframe."
The five times the number of OLED sets is the proof, LG has stated numerous times that it projects to sell around a million OLED sets worldwide in 2016.
They can speak on the future of solar all they want, but all I'm asking is for you to check the amount they have spent on R&D and then explain how they would be close to a Solterra commercial product. Other companies have put hundreds of millions into R&D, I'm not sure we've even put hundreds into Solterra. Solterra is either a dream that will occur if QTMM succeeds or an illusion intended to draw attention, but right now it's not a real company. (not intended to spoil the dream of the Solterra ipo which I'm sure will happen any day now)
Do you realize that First Solar probably spends more on a pizza party than Solterra has spent on research for the last 5 years. Solterra's only hope is that QTMM can fund it longterm because there is nothing in its immediate future.
We know to date that Hansol has been able to supply all that Samsung needs, so why would we expect that to change? Hansol certainly has the resources to increase production if needed. If you don't believe that, why don't you call them and check.
There's only 12 cents of downside left.
And you may want to check your thoughts on your previous statement:
"This is a Buy/Hold, as 2016 unfolds those who follow that strategy will be very upset as revenues and contracts start to flow."
Not too many 12 cent (or maybe it's 11 cents right now) stocks are getting ready for the Nasdaq.
Only in bizzaro world does a stock head down over weeks or months because someone is accumulating.
There is no huge run for the exits occurring, rather there is just no demand whatsoever out there for it. The fans here get excited by a hiring, but until the market sees sales a press release won't help.
That's another great thing about this stock, it always offers lots of opportunities.
Dow invested in Nanoco long after QTMM and its plan was know. Maybe Dow knows more than some peple here or maybe Squires had no interest in outside funding at that time, but Dow went with NANO.
I'm not invested in NANO because I see a few too many red flags there for my investment tastes, but antiquated tech is certainly no where on that list. We know that QTMM's tech is good for churning out samples, but we've yet to see anyone buy those samples. Nano has real customers.
My main question would be why when someone mentions NANO in a positive light we get the this is a QTMM board nonsense at once, but when we get this doom and gloom nonsense it goes on and on.
For future reference, what amount exactly is copious?? Apparently it's greater than 20 million.
That's why this is the greatest stock ever. No matter what happens, it's always good news. If the price goes up, that's always good. If it goes down, that means it's because of accumulation which is good. And now, we learn that if it goes down, it's also because shorts are slowly covering. With this much good, we just have to be a Dow 30 stock in a year or 2 at most.
100% pure nonsense
Microsoft never "traded for pennies" in the eighties. It came out as an IPO at $25.50 a share in 1986, and at no time was it ever anything approaching a penny stock.
Doesn't matter if we've covered that ground, why waste time with facts.
It's better on this board if you say something like...
I own a Samsung TV and I've been to Korea...
Hmmmm, maybe I should be a director of QTMM. Hmmm
"Sharp is another great option"
Sorry Solar, as I pointed out months ago, Sharp no longer makes TV's for outside of the Japanese market. The name and production facilities were purchased by Hisense, which has long been working with Nanosys.
The Sharp tv's shown at CES are Hisense products, if you scroll down the Sharp website link given here earlier today you will even notice the heading Hisense USA a few times.
I do believe this is the 5th or 6th year you have posted the this is the year message.
They will get the money from ND, it's hard to imagine a realistic case where they would not. The better question is what happens if that's all they ever see from them. It's very possible ND looked at our product and passed. No one here knows.
If they didn't get the money it would not matter to most here. I can easily imagine the same posters posting "know what you own", "it will take the time it takes", and, of course "wait till after Ramadan" 10 years from now as they await a sale.
Sharp barely exists outside of Japan. They sold their Mexican LCD plant a couple months ago and no longer will have a display presence in North America.
Nothing has ever been stated as to the what or whys of the terms. Past experience tells me it was either a funded research proposal or a trial sample order. Again, I have no inside info here, but MOT used to send out specs to 3 or 4 display makers with a small payment, and then would select the best one to go forward with. All were under the same quiet period. I don't think anyone here has a clue, and to be perfectly honest it's quite possible QTMM has no clue what ND is doing yet either.
You are right, they clearly are not in our league.
They have actual sales.
I sort of agree. That's why I think all this talk about cleaning up the books to prepare for a move to the Nasdaq is ridiculous. If the company has revenues and a share price to make this discussion relevant, that's one thing. Discussing it right now is sort of like planning your daughter's wedding when she's in elementary school. They are not at a stage where it's a real consideration.
AVXL also lost almost 25% of its value the day after the reverse split was announced. It closed on 10/5 at $1.90 and the next day after the split was done, it went down to $1.45 ($5.80 post split) It is also a company with a billion dollar valuation. and a long history.
Reverse splits can work in rare circumstances. The problem is, we are right now in no position for one. If the share price soars higher someday and gets beyond a dollar for awhile, it's reasonable to consider. If they try doing it now with no revenue and do a 1 for 25 split or whatever, we will be shorted back to the pennies in no time.
In other words, there is/was no mathematical basis for your projection of 35 to 45 million. It's a pure guess based on no numbers whatsoever. That's all you had to say.
If the fact is that OLEDS are "theoretically" cheaper to produce than LEDS is news to you, maybe you should consider another field.
Oleds have no backlight, so they are "theoretically" cheaper. That they have not to this point is because large screen yields have been terrible. That TV you posted, a 2013 model, came when yields were approaching 20%. They reached 30% last year, hit 65% this summer and some articles have cited 80% in the past few weeks. If they get yields that high, costs and prices will collapse.
We don't know that LG is selling the OLED sets at a loss, OLED tv's are theoretically cheaper to produce than the current Q dot televisions since they don't need a backlight. They have been expensive because LG has had huge waste production issues in the larger screens. They solved that with the non 4K model last year and they have been making improvements in the 4k production yields according to all the statements from them. Perhaps they've had a break through.
Besides, the Q dot tv's do not cost that much to produce. Other companies have $1000 models out there. All that LG has done is to price their flagship model equal to that of Samsung upper level model. Samsung will probably end up cutting their price. That's the way the tv business has been for a decade, that is little if any profit in it for anyone.
I really don't want to be negative here, and I know you and others will relentlessly attack me, but when has this company ever been conservative in their estimates?? They have been predicting limited revenues in the next couple months in every Q for a year, and we still have seen nada.
The great thing about people here is they have their own version of reality. Now we even have the company saying nothing will be on the shelves for another year, and even that gets ignored. I'm pretty sure if a nuclear war occurred and the missiles were about to hit, many here would say it was good for QTMM.
Keep talking like that clear and you may become a vice president at QTMM.
You don't think that it's blind faith and then you call this low risk and high reward???
Those two terms don't go together. I'm here because of the possiblity of a high reward, but recognize this is uber high risk. You can be optimistic, but you are burying your head in the sand if you see this as low risk.
Solar,
if QTMM announced tomorrow an agreement with a company like 3M or PPG to market and sell our product, you would be dancing in the streets with the rest of us. If our dots our as good as many here claim, maybe we need the help in the marketing area. And I don't mind sharing revenue, it's better than 100% of 0.