Rob S, you seem to have no trust in NSCT management,
based on:
>Company plans for extending the board of directors
>and moving to full NASDAQ listing also appear in jeopardy.
Jeopardy? They apply to Nasdaq National market on 11/17.
>Investors need to get answers to some tough questions now.
>Is this thing for real or just another pump and dump
>vaporware stock trying to ride on the flood of gullible
>investors?
Sure, it's a pump-n-dump, that's why the CEO and executives
sold NO shares during the run to $19/share this spring,
and have NEVER filed to sell ANY shares, EVER. Only
CFO's wife has sold (100k), he still owns all 3 million
of his personal shares.
Are you aware that the two inventors and the CEO will
get straight percentages of product revenues as a huge
part of their compensation? Pump&Dump companies
don't pay CEO's and key tech. inventors based on
revenues. Also, CEO's and inventors don't accept
a % of product revenue as their main pay unless they
think that will be a very profitable move. Lou gets
a small salary, but he also gets 4% of ALL revenues.
That's a mighty fine incentive to GET revenues, isn't it!
You need to read the SEC filings.
>1] Why hasn't the TunnelMOS patent been granted yet?
>(now well past the 90 day review period).
Because NSCT, just like you and I, has no ability to
tell the US Govt. Patent Office to get their act together.
As you probably know, the patent was granted a few
months ago.
>2] When will the company fill out the board of directors
>and apply for full NASDAQ listing? We need more than
>"when revenues are generated".
How about "when we are ready". They got ready, and now
are moving to Nasdaq.
>3] How will the company effectively license and
>protect it's patent position (if they get it)?
>How will this small company prevent much larger
>companies from just taking the technology and forcing
>them under the weight of litigation?
Call them and ask. Numerous NDA's have been in place
for months, so don't expect many answers. It will be
announced when they, and more importantly, their
larger and more influential customer's, are ready.
It is CLEAR from the pace of company expansion (Silicon
Valley office, filing for Nasdaq) that revenues are
there, just not announced. This is clear based on
past statements from mgmt stating criteria for doing those
two things. They have been VERY frugal w/ shareholder's
money in the past, until very recently, and have been
very open about this priority - see SEC filings.
Trust the management, or sell the stock. |
