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Well I decided to take the plunge today. Back in at .001. I thought for sure the stock was headed for zero, but after this Ione deal there is at least some value here. Now if only they could file their reports ontime....
Zaphod
Is there any word on when they'll release some numbers for the last quarter? It's difficult to figure out whether to buy or sell at this point. Any info would be greatly appreciated. Thanks for the e-mail post, by the way.
Zaphod
Agreed. I have to say my patience has worn thin with this stock. Not a single insider buy just before they are about to launch their only product. No PR from the CES. No PR at all in over a month.
A similar company, Novint tech, is about in the same place as Phantom. Just about to launch a new product that's won awards at Electronic shows. They did two things that I really would like to see PHEI do. 1. They started a blog detailing their progress and solicited questions from anyone willing to ask. 2. They published their manufacturing deal with V-tech. Including the fact that everything is paid for. If I don't see something similar in the next two weeks, I'll have to take the loss.
Zaphod
Ace65,
I don't see the uptrend yet, but .003 seems to have been the bottom. Level II is showing bids and asks going higher just minutes before the close and I think that is encouraging. I admire your trade, I hope it plays out profitable for you!
Zaphod
Anybody doing any buying before Koler's big speech at CES on Sunday?
I'm a little concerned he did some selling before X-mas. However, what I really want to hear is news about the pre-orders.
Zaphod
Like watching paint dry. Volatility is very low. Volume is low, though half the volume was in the last hour yesterday. The 50 SMA is creeping up here and we should have a strong move one way or the other when that hits. Very hard to read anything out of it right now. Good luck on your trades.
Zaphod
There are no longer naked shorts on PHEI.
http://new.quote.com/stocks/story.action?id=MTO339u1516
Zaphod
There are just over 900,000,000 shares out there for trading.
FYI
Ok. Today's market reaction is much more muted than I expected. PHEI has lost money for investors in the past and it appears no one is willing to pay up for it just yet. Let's hope we can get some actual sales numbers from Koler before the end of the year. Maybe an idea of how many pre-orders were taken?
Zaphod
Thanks MikeC,
Hopefully we can get as many facts on this thread as possible and then let individuals make their own choices from them.
Zaphod
That John Fife is quite a well to do guy.(Guy who loaned PHEI cash)
http://www.chicagoventure.com/
I'm starting to feel a little more positive about this now.
Also in the 8-k filing the lawsuit with Longview keeps PHEI from issuing anymore shares until the lawsuit is settled. At the very least we don't have to worry about dilution anymore.
Zaphod
150K? Anybody think this is enough to pay ITron to start manufacturing the Lapboard? That Fife guy sure is making a ton,(if he gets paid back).
I'm going to be optimistic and say that they went from less than 1% chance of surviving to slightly above 5%. I think Koler's been busting his butt the last 6 months and it would be nice to see some his hard work pay off.
Zaphod
From the latest 10QSB...(filed late I might add). "Management believes that actions presently being taken to obtain additional funding, settle notes payable currently in default and implement its business plan provide the opportunity for the Company to continue as a going concern."
These are the first positive words I have seen about the company. I believe this has more to do with the current runup than any Ponzi scheme business from buyins.net.
IMHO if they get their financing, they should have a good chance of making money with the Phantom lapboard next year. They might not make a profit, but at least they won't have to pay their employees with stock.
Zaphod
It seems the street wasn't liking something in the annual report that Orckit filed. I don't see what it is. Any thoughts?
http://edgar.brand.edgar-online.com/default.aspx?cik=0001021620
Zaphod
Shorts have control Today!
Someone shorted 50,000 shares at the open today.
I counted 50,000 more ready to sell short at slightly higher prices, be careful out there.
Zaphod
In the Thomas Weisel Conference the CFO made a statment that went something like this..."as the year goes on KDDI will be a smaller percentage of overall sales"
In the context it actually seemed as though KDDI was going to be spending just as much money, but he was expecting revenues from somewhere else. Did anybody else pick up on this?
zaphod
Orckit menitoned in the Oberweiss newsletter on Zacks.com!
Anyone making guesses on Earnings for '06 for the conference call on Tuesday?
Here's mine:
140mil rev.
(100 from KDDI and 40 from Wiltel)
1.60 share net income
Zaphod
The Hedge fund Phylon is interested in Orckit!
http://www.quote.com/qc/news/story.aspx?symbols=NASDAQ:ORCT&story=200602012147_EGO_0001021620-00...
zaphod
Standard and Poors changed their fair value on Orckit from 27.80 last week to 30.70 this week. Anybody have any info on why this is?
Zaphod
Has anyone heard, or have a guess as to what signing up Wiltel will do for 2006 numbers?
Ok,
I'm a little bit confused. Spansion's Mirrorbit "Technology" is actually a product derived from NROM. Right? I still think it says something about the strength of Saifun's NROM technology that a company going public lists NROM as a potential strength because they license it, and a weakness because other companies license and may be better at using it. To me that's a little bit funny.
Zaphod
Hawaiiretireo,
I think it is comical that one of the risks that Spansions lists is that NROM could become more accepted than their own technology!
Zaphod