I just got off the phone with Ron Stabiner at IR...he was enthusiastic re the new digital process...MANY applications...don't just think T-shirts, this process permits the printing of almost any surface from formica to plastics...for instance, APTX currently has a contract from Lexus to print showroom banners...NFL & NBA teams could imprint each seat with the team logo, colors matched perfectly...fast food places could imprint benches...wallpaper and curtains are also possible...
back to fabrics, the 3M printer currently being tested is nearly 8 feet wide and intended for industrial use...everything from children's wear (think of how trendy that is, what with TV shows and movies), evening wear, sportswear, etc...the possibilities are immense...results of the testing will be announced within 60 days...
the three service bureau-type centers in NY, LA and Paris are a huge success...several more such centers are planned, along with a production facility in TN...
I am sold on the tech/process...I am somewhat less impressed with the financial structure of the co...the shareholders did indeed vote Friday to authorize an additional 30Mshares, making the authorized at @60M..however, only 28M is OS, with 14M in the float...
Ron claims that a reverse split will be considered in 12 months if the stock is still under $1 by then...delisting from Naq has been forestalled for the time being, also...
my opinion only, but I feel that by this time next year, 1/4 will be a distant memory...look how digital technology has made obsolete everything from the typewriter to the wax LP...I think industrial-level silkscreening will also soon be just a memory...keep in mind also, that this new process is patent pending...I will be accumulating this stock every chance I get... |
