Its not so much about when smart lenses will take off. EPGL won't be selling the lenses to the public. They will be licensing the tech to companies who will be selling the lenses. And those licensing deals will happen long before smart lenses, say, become as popular as an iphone. Of course, EPGL will only continue to grow once they do take off, due to milestones/royalties. But it's doubtful they will be their own entity by then. They will be bought out once their patents start getting approved.
Speaking of patents, EPGL will really move, once investors see what patent apps start getting approved. In the meantime, investors will wait to see how EPGL manages it's latest victory of securing 100% of the tech developed alongside Coopervision. If they can secure additional licensing deals, Coopervision was the first, we will start to move back to and challenge our .04-.06 range.
Additionally, investors are waiting to see what comes from the AT&T deal, in which both companies are jointly developing wearable technologies involving sensing and communications in real time of human performance data for the military, the sports world, and for corporations. Any update on that progress would give the pps a big boost.
Hayes has been leading this company for nearly 4 years and we have seen nothing but progress. Long Term investors with substantial shares, as well as PwC, remain confident in his ability to get EPGL where it needs to be.