RE: Very positive reversal today9 Dec 2021 17:00
In my previous post I said I hope to share the xo pay reply to my question about an IBM announcement in May of this year on competing technology. I followed ot up qoth a question about recent share price activity. Here is John Lofton Holt's reply in person...
As a founder of the company, I wanted to respond to you personally. The founders of this company hold over 300M shares so believe me when I say that we feel your pain. Nevertheless, the stock movement is not reflecting reality of execution. So, we are sanguine about the long term prospects and expect the stock price to eventually reflect reality of business execution. We have also been consistently getting news out to the market on our performance and will continue to do so (at least every quarter and sometimes more frequently).
On your IBM question with respect to our announcements with SAMSUNG and TSMC, we can’t publicly comment on that given our confidentiality agreements. But I will say that the IBM announcement is a research announcement, not a production announcement. There is a vast difference between a research announcement and having a production ready technology. Since we are providing technology to the world’s largest semiconductor companies and hyperscalers that need to build production chips, we focus on the foundries that production-ready technology in the most advanced technologies. Currently, that is limited to TSMC and SAMSUNG. As new foundries introduce technologies that are production-ready, we will of course be keen support them also.
One other comment that I have shared with numerous other investors that have asked about the short situation - This could be an epic short squeeze situation given the technical setup in the stock right now (low liquidity, huge short interest, etc.). Stay tuned.
In the meantime, we will keep executing.
Regards,
John