chart, page-446

"Yet there is no solid upwards momentum behind PSY. It goes up 2c then falls 3c. The people at Cisco know the story. Why are they not buying it?"

Terry Walsh may have less influence at Cisco than you think. His resignation from Cisco occurred at a time of major restructuring involving over 6,500 redundancies and mass resignation of senior managers.

Prior to 2011 Cisco was run by a byzantine system of 15 committees and 47 boards that shared power between more than 500 executives. The CEO of Canada was arguably a less senior role than the title implied.

http://www.*.com.au/ciscos-crazy-ma...snt-working-so-chambers-is-changing-it-2011-5

They aren't buying because they probably think the technology has little or no commercial potential.

If UofWA really thought that lumimems was worth billions it is very unlikely that they would have chosen a microcap as a sole licencee.