Again, It is flawed technology. Here is the press release where they gave away that technology along with the lab equipment and free office space making it sound like a good deal for their investors.
Remember prior to this Lumera/Gig was touted as being the leader in this field and with help from Academia money was directed their way from our wonderful Government. Lumera Management and their partner in Acdemia made money however as I used to point out it was flawed, eventually the CEO’s were parachuted or resigned. These days Gig has changed their strategy and is no longer really in this game, now they buy other companies going out of business that were selling legacy technology, their business model is that they just add that revenue to their current revenue, report an increase in their business and give themselves a bonus etc. And Yes as Proto points out if you adjust it for the reverse split that company is actually at about 20 cents. I used to point this out to investors; many disliked me I guess because somehow they blame me. Gig does however have the right to future technology coming out U of W so you never know.
So this is why the market is so skeptical, again fool me once shame on me, fool me twice……
We are getting there, been a long uphill battle, has taken more time than many can tolerate.
You can still get Light Wave at Deer Nuts prices, difference between Deer Nuts and Beer Nuts, (Deer Nuts are under a buck), hopefully it won’t be long.
Nuts Hot Nuts, Get em from the peanut man.
And no I'm not selling I remember a line like see ol George sitting on the stool he's got freckles on his tool, not in there though.
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