HEY MIKE T AT H&L....THIS ONE'S FOR YOU!!!!!!
from the latest sec filing 02/11/2000 where SCON filed to sell stock at $3.25 per share.....hell, i'll give 'em $10 a share right now!
The commercial superconductor product market is limited. We may not be able to produce enough products to meet market demand or our products may not achieve market acceptance. If we fail to manufacture and market our products successfully, we will be adversely affected.
Our manufacturing experience is limited.
We have sold products only in limited quantities, and primarily for limited deployment. During 1998, we significantly increased our manufacturing capacity in order to meet the increased demand for our products as well as expected future requirements. While we have increased our manufacturing capacity, we may not be successful in overcoming the technological, engineering and management challenges associated with producing commercial quantities of superconducting or cryogenic products for large-scale deployment at acceptable costs and on a timely basis. As a result, we may not be able to reduce our manufacturing costs sufficiently below our selling price or to generate a positive gross profit.
We are dependent for our revenue on government contracts.
We have incurred net losses every year and, as of December 31, 1998, had an accumulated deficit of $36,215,000. We expect to continue to incur significant operating losses over the next several quarters as we continue to devote significant financial resources to commercializing our products, expanding our operations and product development activities. Our success depends on successfully commercializing our high temperature superconductor filter systems for the worldwide wireless communications market, which is not guaranteed.
We have limited marketing and sales capabilities.
Our revenues are dependent upon patents and proprietary rights which may not be enforceable.
We are dependent on specific patents and licenses to technologies and we will need additional technologies that we may not be able to access.
Rights we have to patents and pending patent applications may be challenged.
The rapid rate of inventions and discoveries in the superconductivity field has raised many unresolved patent issues that may negatively affect our business.
The market value of our shares of common stock will likely be diluted due to conversions of preferred stock
my head is still spinning from going through all the preferred stock and warrants and options...oh my.
conference call tomorrow at 1pm...earnings pre-market. |
