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Great post, Naish! By the way, did he pay the bet that he lost?

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Karljasper

479 Posts.

07/01/16

02:09

Post #: 16744460
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Originally posted by Naish ↑

What is soon Drr (UNS $3 soon). This year or 3-4 yrs away.
Could you please tell me how long you have known about the company.

I have followed it for 13 yrs.
Read most things about it.
Visited the factory.
Had dinner with the CEO.

Now in about 2010 he told me we would be as big as Cochlear and we would probably be taken over before 2012 ended. I even had a bet with him in 2013 about the SP - he lost.

He has talked about knocking down doors, tsunami coming, deals everywhere - I probably could go on for hours about it all. We were all lead up the path that we would be in production 2013 2014. Start of 2016 and we still don't have meaningful production and probably won't until very late this yr or early next - a few PFS and some WI. As stated by management ramp up of products will be years.

Now I live in the world of trying to be real about things. We will probably not have meaningful revenue coming in until FY 2017 or could that be 2018. Now that is a long time to keep paying the bills, put in production lines (how many MM's $$ do we need for that) etc. Also any deal/s done now (and future) - will take 3-4 yrs to produce real revenue. There maybe some up fronts but I won't count on it.

Generally most people don't invest for 3-5-8 yrs down the track - they want a return soon. Why lock up money for yrs with little chance of it growing much. People said with every new deal we would build value on value and the SP would reflect that. Hasn't happened. We are trading at SP of the 2007's.

I have said for the last couple of yrs the shorts will keep milking this cash cow until it starts producing BIG $$. I have been called all sorts of names for saying that - even from some of the most respected posters here (the old crew). I have been proven right I think. I have watched as the shorts have increased from 4-5M to 25M with most people saying they will be burnt. Hasn't happened yet.

So I find it very hard to believe much of what you say. If you could back it up with some facts or figures would be great. But to come on here saying the shorts will be burnt, the SP will be $3 soon, we don't need contracts etc etc leaves me thinking you are ramping.

For mine and all other people's sake here, I hope you are right. But I won't put a cent on it.
Put some reasoning up for your comments - some facts.

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Great post, Naish! By the way, did he pay the bet that he lost?

UNS Price at posting: 21.0¢ Sentiment: None Disclosure: Held
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Great post, Naish! By the way, did he pay the bet that he lost?

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