I did look at SRSL, and I agree, that's the model fonix is trying to duplicate. It doesn't clear up anything in terms of "product" or not; product is something which is produced, and it can be anything from a manufactured item to a service, to licensed technology, the way I read the dictionary. But that's semantics and doesn't change your perspective or mine on the value of fonix, so I'm willing to call it a draw.
My perspective is that Siemens is only committed to a single payment which probably won't even cover the burn rate. Whether fonix will subsequently "produce" something which Siemens or anyone else will pay royalties for is still a possibility, but NOT a certainty. (Are we in agreement so far?) If they do, whether the royalties will exceed $1.00/share anytime in the near future (next 2-3 years) is also a possibility, but IMO, distinctly unlikely. (Now you may disagree with this, and this is where we will have to wait and see, until more information is forthcoming). Therefore, I accept the slight possibility of a good upside to this stock, but consider it such a remote possibility that I have other places I'd rather put my money - unless it goes to $20 on no more news than we have now, in which case I'll go over to the shorts.
Bob |
