Mr. Plum,
I am not going to intentionally "pump" (mislead) this thing, any more than I am going to "talk it down." qlt's post, though a bit "harsh" perhaps, is pretty much on target. Volatility has become the norm, and this "new norm" is something we each must learn to adapt to. Some can and some can't (or simply choose not to). I, personally, have seen $100k portfolio swings in this thing in just a day or two's time, so I truly understand your apprehension.
I will say this: If the volatility starts giving me a stomach ache or starts making me wonder what's going on I simply go back and review my DD and ask myself the question, "What, if anything, has changed that would make me think differently about my investment?"
So, for sake of argument, let's run thru a "What, if anything, has changed in the past couple of months?" scenario.
In addition to the following, please reread my post #1909
1) We just signed our 1st commercial agreement. Many were disappointed that it was *only* for $4k, but we are in territory our detractors said we'd never see -- an actual contract for an actual order of EP! Oh, I get it.......we're supposed to believe that this is all we'll EVER sell! I do not believe that for ONE minute. Not ONE!
Also, consider these words from our CEO (from the Bellingham Herald article) and then I'll ask you to consider something else:
"Details about the order’s size were not disclosed. Bill Robinson, CEO of the company, said he expects this order to lead to others, and there is the potential that this technology could be used in thousands of Knowles Electronics products."
Yes, there's that word "potential" again, but there's more to this than one order, IMO, and this is just ONE customer. There are easily 100(+) others who've sampled EP and are in various stages of moving forward with it.
2) Prior to the Knowles announcement, we signed with Esprit Solutions. Look at their customer base and tell me what you see there.
3) Prior to Esprit, we signed with ADAC Automotive - A supplier to Ford, among other notables.
4) Last I heard, we have 22-24 patents approved and many more are due to be approved within the next couple of quarters.
5) Our stock price has fallen considerably over the past 2-3 months. Why? qlt's right - no one can say with any authority, but we can speculate as to the reasons why. But it *is* safe to say this: it has nothing to do with any of the above. Nothing.
So, what's changed on the past 2-3 months? We've signed 3 license agreements, sold our first commercial order of EP and the stock price is down.
The sky isn't falling, even though it may "feel" like it. I guess in hindsight, we all could have sold at 4 bucks and bought back in when we hit $2.40 or so a couple of weeks ago. I don't have the "foresight" for such a move -- perhaps some do. Kudos to them if that's the case.
Hindsight can be a killer in investing if one dwells on it, or learns nothing from their hindsight information (should have, would have, could have never accomplished anything) since it only tends to feed our fear. Fear is not a state in which I choose to live. Far better to take decisive action one way or another than it is to live in fear.
regards,
gktignol
