promise of pl 5 results in mid qtr 4 2024 - no results given. Read between lines- pl5 was utter failure and now the story changes to -"we used the flaws and mistakes in pl5 to make sure it doesnt happen in pl 6" - what a load of rubbish. You said you would release pl 5 testing metrics in mid november. Now we dont even know if we will ever see them. It seems PL 5 did not work as planned. Any good results from PL 5 and they would have been released with much fanfare. The fact is that no release of results means there were issues.
Now there is a hail mary with PL6 - all depends on it. If it fails this stock will be worthless and smashed to 1 cent. And if PL 5 failed at 60 nm what chance PL 6 of success? about 1 percent!
No way infineon can do anything unless they have a working pl 6 20nm chip to use. Without that there is no infineon
And now this cap raise debacle - what a mess. Obviously there was no interest even at 6.5 plus options
And now they expect shareholders to hold and wait many more months without any real direction as to what is next. PL 5 results?? PL 6 results??
and they have shown their hand as to how long a "design" of "black box" will take - 15 months - that would be best case. Most likely 2-3 years with usual delays and hurdles and issues.
Good luck holding this dog for another 2-3 years after already holding for 10 plus years as I have. There are much better places to put your money than on 0 at the casino - which this is akin to.
Dave you are pathetic. You present like a drunken wino. Get a fu*ken haircut and have a shave and have some respect for your shareholders. The decisions you have made in the past few weeks have been deplorable and you should resign. You outright lied to shareholders about no cap raise - then tried to raise capital - then changed your mind. Terrible leadership and is indicative of someone who has no idea what the fu*k is going on or what they are doing.
I am now out of this dog. It will sink and sink to 3-4 cents in next few months as no more news comes out. They wont be able to raise capital when the share price is at 3.5 cents in Feb. You will get some bullshit announcement in may that ppl 6 didnt work and that infineon will try and work with pl 4 60 nm chip.
It is all over for this stock. Don't delude yourselves. I did for many years but now it is obvious nothing will come of it.
If it was any good the share price wouldn't be 6 cents, and we wouldnt have to pay millions to get a bullshit black box.
They would be knocking down our door if we had anything of value. They cant even raise 8 mill - thats how shit it is.
If it was any good why isn't it all over the news, media outlets, tech websites. It's because they have nothing.
Good luck - but get out, you will all get burnt. Take your losses now and be thankful in 6 months when they go back to imec for platform 8, 9 10 etc etc etc
4DS Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
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