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STI conference call notes ?2

12:46 10-Nov-15


I wasn't going to write about this at all, but SCON is up 5% (2 cents) today following the conference call, which I listened to.  Results missed on both the top and bottom lines, and management basically said that it has no idea when products might start generating revenue, or what the size of the immediately addressable market would be.  Of course, they think they are closer than ever.  Consequently, my best guess on the stock rise is that management also made the pronouncement that the company should need no further funding in 2016.  That is good, but it disregards the terms of the most recent funding, which I've already covered.  Enough said?