UNXL is lightyears ahead of where they were last year and where KODAK is currently on the touch screen front. They are now in the manufacturing and sales stage vs being a hopeful R&D company. That is due to management's quick move to acquire atml's XSense and morph it into a better and cheaper product. We are now adjusting to this new phase of the company's growth. The good news is that the product is being sold and in products are on the shelves as well as being considered by multiple Tier-1 majors around the world for next generation products.

That being said, they have yet to deliver that first knockout customer. From all their accounts, that could happen any day.

As speculative investments go, this one is moving forward. When all is said and done they still have a small outstanding share count, in the sub 30 M range, no debt, a manufacturing plant, a cash position, purchase orders and the hope of new business based on a superior product.

Without an solid purchase order I would expect to see a capital raise with much better terms than the HB arrangement, as they have time to structure it appropriately. Once that is done, and should the pps remain at currently levels, I would likely buy more, as their overhead, compared to the market opportunities and growth potential, is small.

The management team seems well suited to take this company to the next level and the current prospects look quite bullish.

We just need that next customer to pull the trigger and start this party.