The stock price is certainly anemic. It appears that many are in a waiting game as far as this stock goes. There is some retail buying from current stockholders who follow the company closely but obviously not enough to move the price higher. We are in a narrow trading range waiting for news.
It is not a surprise that the price is where it is as the company has no announced product as yet. It has been around a long time with no product and no sales. A very large part of the market does not have this company in sight and therefore cannot understand the significance that the technology has the potential to execute a paradigm shift in how data will be transmitted in the future. There are market forces keeping the price down, extremely high shorting and institutional buying slowly when the price falls to target low points (all thanks to dark pool trades). The company is a small fry and the share price is easily negatively affected by high volume trading, rumors of failure and exhaustion of some people who have been holding and watching other stocks going up. Aiding this process is the slow evolution of the technology that leads some to believe that it will never happen so games can be played over and over again. It takes knowledge about the company's technology and financial position and some vision to see what is very likely to happen as the market can't do without this technology.
As shareholders we are in a standoff with short sellers, traders and the faint of heart retail sellers until a proven product that can be compared to the competition can be shown off in a large enough forum (hopefully at the OFC conference or at least later at PIC). This stock has been seen as a high risk investment for years. One has only to look at the evolution of the technology over the past several years to see that the risk keeps decreasing. With multiple improvements (development of a more a stable structure with the diamondoid ring, bolstering the patent portfolio, identifications of multiple types of polymers with different features, doing away with gold box packaging, using low temperature ALD to hermetically seal and further stabilize the EOPs and to prove high volume manufacturing on 200mm foundry equipment) risks are greatly minimized. We have had confident statements from Michael Lebby about contracting and being able to bring out PICs from foundries in 2024. Apart from meeting the demands from customers on stability testing that so far has been excellent there does not seem to be hurdles with starting to commercialize so risk is quite low. Most of us here on this board see it, Dr. Lebby has to open the gates for news he has stated will come soon.
AI
