From what I have seen over the last 2 weeks-it is put up or shut up for Uni-Pixel. If they don't come with proof at the Computex Conference that their product has commercial capability, you can bet this stock will go down even more than it already has (down 73% off it's high). Showing up with some little model in Taiwan does nothing to answer the core question of whether or not they can mass produce this.
Above all this, remarkably I saw a quote from some idiot money manager (of all people) who has been pumping this stock hard for months say... the only question about Uni-Pixel is it's commercial viability. (I am paraphrasing). Can you imagine a money manager saying that after he has been pumping this stock for more than half a year? Commercial Viability? Holy Shit! How does this guy sleep at night? Again, I must ask; if you had a money manager who did nothing to protect you after a stock you owned went from 41 to 15, would you not want to ask him "What the F are you doing?" At best you should get rid of him, at worse, maybe you should get a lawyer to see if he could be found negligent.
see Barron's article below:
UNXL Plunges 24%: Seeking Alpha Questions Quality of Touch Mesh
By Tiernan RayShares of touch sensor technology maker Uni-Pixel (UNXL) today fell $4.65, or almost 24%, to $15.13, apparently prompted by an article today by Seth Shaw on Seeking Alpha that calls into question the quality of the company’s products.
Titled “A picture is worth a thousand words,” Shaw’s essay focuses on what he claims are patterns of lines in a sample unit of the company’s ”UniBoss” technology, lines that he asserts render the product unsatisfactory for a display:
One of the most interesting things about UniBoss is that very few people have seen the product outside of the limited presentation environment the company controls. Most investors have just seen the demos on the company’s website and a few have visited the company. Almost nobody has actually gotten to play with the demo system and the company has, for about a year, refused to give investors samples. We’re among the few, fortunate investors to have handled the product and viewed it under a microscope. We also took close-up photographs of the product when the management team wasn’t looking. We can say unequivocally that the product does not work. The lines are too visible. No consumer electronics company would approve this in a display for their product. If it works, it’d be relegated to a niche, low-end product where optical quality doesn’t matter.Shaw goes on to identify other apparent flaws in the demo unit, and says that he’s spoken with engineers at various touch-screen makers who have handled the UniBoss sample. “They cite fundamental problems related to its electrical properties and optical quality.”
Shaw concludes “All of our research leads us to believe that Uni-Pixel cannot produce UniBoss,” and vows to return “in a few weeks with an expose onf the shady characters all around the company,” something that perhaps added to selling pressure today.
One observer with whom I spoke today, who has followed the company and its stock for some time, but who declined to be identified by name, tells me that Shaw is in error because the sample itself is broken.
“The company had told people that there would be lines because it’s [the sample] a year and a half old now, and it’s broken.” Adds the source I spoke with, Uni-Pixel is expected to have a new demo unit at an industry conference next week, “and they will work just fine,” the source contends.
The source contends that there was naked short selling of Uni-Pixel shares today. That is because, as this source observes, the total float in the stock, after Uni-Pixel’s recent secondary share issuance, including warrants outstanding, etc., should be around 15 million shares. And the float, which is listed as a little over 10 million shares, is probably more like 6 million or 7 million, given that some long time holders don’t regularly trade their shares. But total volume today was almost 9 million shares. “The stock can’t trade like that unless people are naked shorting the stock,” the source argues.
Uni-Pixel competes with other companies in touch-sensing technology, such as Atmel (ATML) and Synaptics (SYNA).