Walconst: markets have long memories for bad, and short memories for good, although there has never been even one instant of anything pointing to this not working, in fact there is and has been a ton of good news and the team has done a incredibale jod of making all the milestones, this all adds to the markets scepticism, they are saying we will reward you when you shows us, until then we are going to play the game.

Well said, Walconst! I believe being late on milestones has added at lot to market skepticism, being justified or not. Market skepticism is there. Period.

This skepticism will remain until revenue comes in. Good news won't help. Even P2 won't help sustainingly. The share price will remain in a trading range until this one condition of revenue coming in is fulfilled. At least this is my explanation why tremendously good news like Ajit Manocha and 100 nm blew out and the share price is even lower than before. (Okay, we also saw a lot of options/warrants being executed, we saw a false insider sell marker, but that couldn't be the only explanation.)

It is often said here that we'd have to trust management, and it is true. But it doesn't matter so much whether you and I and we trust management, but how big or small overall market confidence is. And being late on milestone won't help the overall market confidence grow, to say the least.

But, like it or not, that's is our situation today. This will change!

I am looking forward to Q4 when the PET/TDK will be complete and will be delivered to fabs. However, MS12 could be late, so I am a bit skeptical about the timing. But I do trust our company that they will be able to complete MS12 just like they always completed their milestones.

Andrea ("Powered by POET")