While it would be nice to meet timelines, I think it's naive to believe that a stock that's at $1.60 is going to go to $25 (or you name your price), without having to leap over significant hurdles. It can't be as easy as many here apparenly believe it to be. If it truly were, the stock would be much higher right now.
Having no knowledge of what the process is of getting to 100nm from 200nm, it has made sense to me that, on the broadest level, it's not easy. Like others have said, unexpected things are always popping up when you head into new territory, let alone territory that is going to make so many people wealthy, as is often posted here.
Come late June, let's not hear, "oh, they must have achieved 100nm, they are just sending it around to all their partners and getting sign offs from all the NDA folk, and having two dozen lawyers rewrite it myriad times." That kind of talk was wrong last couple of times around and it will be wrong again.
I continue to feel that warrant people have gotten a little extra nudge through their brokers, I think they are exercising to sell the stock, no other reason. The real question is do they plan to buy it back at a lower level. I do hope the answer is yes. And I do hope they don't get the chance.