He's quoting Puravida's brilliant speel, who extolls the virtues of not earning revenues on displays with the "industry disrupting" display technology because the display margins are so thin QMC is better off diluting shares than earning money.
Birds of a feather...
Reliable 'ole Squires spending time and resources developing tech he had no intention of bringing to market according to these two.
It would have been a lot easier for you to just admit you made up, "It was disclosed by Nanosys that their margins are thin."