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Koyfman sez: “This $6 Semiconductor Company Could Turn $1000 into $313,000 Before the Year Ends”

What's being teased by Microcap Insider with their pitch about "Forever Memory?"

By Travis Johnson, Stock Gumshoe, October 19, 2020


This article was originally published on August 18, 2020, but we’re getting a lot of questions this week as Koyfman pushes the story heavily again, with a renewed focus on the FCC December auction as a profit driver. What follows has not been updated in any meaningful way, and the ad appears unchanged from August, but I’ll add a short note at the bottom.

I know, that’s a ridiculous headline… sorry. I just copied it from Alex Kofyman’s ad, and he certainly has the same tendency toward hyperbole that we see in many of his colleagues. These days he calls himself “America’s Microcap Expert,” and says that this stock is “my most important discovery” … with the urgency that you must “Discover the Details Before a MAJOR December Event Sends Shares Skyrocketing.”

So what’s the deal? Well, he’s peddling a special report called “Forever Memory: Retire Rich on the Semiconductor Revolution,” but what he’s really selling is a subscription to his Microcap Insider ($999 for the first year… and unlike most publishers, they’re offering a refund guarantee for the first 90 days). He doesn’t claim to offer two different services these days, so it looks like he has just renamed Penny Stock Millionaire, the service he has peddled at this same price over the past five years. As you might expect for a penny stock picker, our tracking sheets indicate that over the past five years he has teased both big winners (recently Exro finally had a surge after being teased for years, and Nano One has also done well) and big losers (Patriot One, Crop Infrastructure, Hudson Resources).

The basic spiel this time is that he has found a chipmaker who will bring forward the next iteration of memory technology, some kind of non-volatile memory that can hold data without consuming power… and that this will be key to the growth of the Internet of Things, which in turn will be driven by 5G network adoption… and to add another card to the house of cards we’re building, investment in this sector will shoot higher on December 8, when the government opens up new spectrum.

Here’s a little taste from the ad:

“Forever Memory has unlimited endurance. Data physically cannot become corrupted by too many write cycles, which is why the global shift to Forever Memory is virtually guaranteed.

“It can’t be overstated how much digital progress depends on this innovation…

“Artificial intelligence, cryptocurrencies, virtual reality, blockchain, big data, self-driving cars, augmented reality, telemedicine, the internet of things

“On a mass scale, these new technologies have no future without the advantages Forever Memory offers.

“Given this company’s size, (its current value is right around $120M), the potential for growth in the next few years is easily comparable to the gains early investors in semiconductor giant Intel made when its stock skyrocketed 19,803%…”

So what’s the actual product? Here’s more from Koyfman…

“Forever Memory works by manipulating the spin of electrons with a polarizing current that establishes a magnetic state to program, or write, the bits in the memory array.

“I know this sounds complicated, but the underlying principle is simple.

“Data in Forever Memory is stored by magnetic elements, and once magnetized, the storage elements don’t require any power at all.”

OK, so it’s a new(ish) kind of memory… any other clues about the company that is developing this technology? We get this…

“This company is one of the very few in the world that can make Forever Memory, thanks to 220 U.S. patents it owns.”

And…

“NASA released a study about it back in 2013, saying this company’s Forever Memory is ‘the technology of choice for space systems in the coming years.'”

The urgency is that the wireless infrastructure for Internet of Things devices, which will be particularly in need of some kind of low-power memory technology, is still, so Koftman implies, on the drawing board…

“You see, while there are already a ton of internet of things devices out there, we’re still in the beginning phases, because billions of new devices can only function properly if there’s a wireless infrastructure that supports them.

“And this infrastructure is about to come online.

“We know how it will happen, and we know the specific date.

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“This infrastructure will be switched on by the federal government on December 8, 2020… “

We’re also shown some documents that “prove” this technology is in demand, and production is ramping up — including, for some reason, the header of the company’s latest 10-Q (that’s the quarterly form that is the basis for company earnings reports).

Which lets us confirm with certainty that the stock being teased here is Everspin Technologies, with the you’re-making-this-too-easy ticker MRAM (the tease is full of quotes and references to what is clearly Magnetoresistive Random Access Memory, which is abbreviated MRAM and is one possible successor to the current DRAM standard and other non-volatile memory technologies).

That 2013 NASA report, by the way, is here if you’d like to see it.

Everspin is not at a $120 million market cap any more, it has come back down from its highs of a few weeks ago, but it’s still pretty close — almost exactly at 100 million at the moment (that’s on 8/18 — renewed attention has brought it back to $140 million in mid-October). And there is some evidence that after several years of false starts, they are indeed beginning to ramp up production and might be able to ramp up their revenue, while also cutting into their cost structure a little bit to try to please investors.

This was a venture-funded company about five years ago, with funding from big companies in the chip/memory space like GlobalFoundries and Western Digital, and from a first glance through the presentation and their history it looks like they’ve succeeded in building a niche business with high-spec customers like the military… but haven’t yet gotten designed in to many larger-scale products. They went public at a rough time, just a few weeks before the 2016 elections (at $8 a share), and had a nice little run for a brief while when revenue picked up right away in 2017, but with a big secondary offering in 2018 and revenue falling pretty sharply in 2019, the stock has been fairly moribund after that initial burst of enthusiasm.

If you want to get a better handle on the company, they post a Wall Street Transcript interview with CEO Kevin Conley here, and their latest investor presentation is here. That will give you the overarching story that the company wants you to hear… and the financials will remind you that the business is fairly steady on the top line but hasn’t shown any real growth trend yet, and on the bottom line is gradually improving, presumably through cost cuts (they’re not profitable yet, but their cash consumption has generally fallen over time).

And the most recent news was pretty solid — their second quarter, announced a couple weeks ago, had the highest revenue number they’ve reported in a couple years… which is perhaps a nice sign, they say the growth was due to higher demand from data centers, and the ramp up of their 1GB STT-MRAM product… though they also indicated that their customers are facing delays in product development, which probably means that the next quarter will be a little softer. Their transcript from that earnings call is here if you’d like some more commentary from the company. My read on all of that is a company with some optimism about the future as their technology continues to develop, but without any expectation that they’ll see a surge much higher in demand — they refer to the past quarter as a strong one, and imply that things will be slightly soft as they “digest” that big move and wait for some inventory to be worked through by their customers. When pressed about whether their past design wins means that revenue growth will pick up again late in the year, this is what the CEO said on the call:

“What I would say is that we’re certainly going to be working to prepare for stronger demand coming out of Q3 and laying the groundwork there, should it appear. It is hard for me to give you much color beyond Q3 in the current environment…. But certainly, we do think there are some areas of our business that have the potential to drive growth in the fourth quarter.”

If you’re interested in MRAM more generally, I can at least point you to the articles Koyfman is quoting — though none of them are specifically about Everspin.

From the ad:

“As Professor Pedram Khalili from Northwestern University explains, ‘[DRAM] cannot sustain the rapid growth of data-centric computing.’

“ScienceDaily says ‘[Forever Memory] could help solve AI’s ‘memory bottleneck’.'”

Both of those quotes are from this February 2020 ScienceDaily article.

“MIT News reports this could reduce the ‘power consumption of data centers… by 90 percent.'”

That’s from this MIT News piece.

More…

“And digital infrastructure specialist Ted Letavic even predicts, ‘We could achieve a 100 or 1,000 times lower power [consumption].’

Which is from a GlobalFoundries press release.

MRAM has been in development for a long time, and it looks (to this non-expert) like it has been advanced with some new discoveries and breakthroughs in the past couple years. According to that GlobalFoundries release (GlobalFoundries used to be the manufacturing division of chip giant AMD, it was spun out in 2008 and is now a private foundry company making specialized chips, Ted Letavic is their CTO), both they and chip giants Intel, Samsung and Taiwan Semiconductor are all pushing MRAM advances right now. GlobalFoundries says that they are the first to commercialize eMRAM production, as of earlier this year, and they are also partnered with Everspin on developing some MRAM products, particularly Spin-Transfer Torque MRAM (STT-MRAM).

And Koyfman quotes another piece here:

“Semiconductor insider Jeff Lewis says that the combined IoT appetite for power ‘will create an aggregate power catastrophe.'”

That’s from an EE News article here, and it’s an interesting one so I thought I’d excerpt a couple paragraphs for you:

“Hardware has emerged as the new AI battlefield. Necessity begets invention, and the necessity for faster AI chips that use less power has opened opportunities for potentially denser, more efficient memory technologies.

“One such promising technology is magnetic RAM (MRAM), a memory that’s bound to cross paths with AI as it rapidly moves toward higher density, energy efficiency, endurance, and yields. The semiconductor industry is beginning to invest heavily in MRAM, as the technology’s potential slowly becomes reality. Initial research has shown it offers a number of benefits that are ideal for intelligent edge applications….

“Since MRAM uses a very small memory bitcell, it can be three to four times denser than SRAM, allowing for more memory to reside on-chip and thus eliminating or reducing the need to shuttle data off-chip. MRAM, is also non-volatile, meaning that data is retained even when the power is shut off. This virtually eliminates memory leakage, which is critical for applications where the AI chip remains idle for extended periods of time. MRAM isn’t the only memory getting attention. The demand for AI applications and intelligence at the edge is leading a memory revolution within the semiconductor industry for a wide variety of applications.”

Sounds interesting, right?

So why hasn’t Everspin generated a surge in design wins, and a rapidly rising flow of royalty revenue and joint venture payments? That I can’t tell you, but it seems to me that it is still pretty early days in MRAM development, the technology is not yet mainstream for large-volume projects and might never be, probably because their MRAM products need time (and continued R&D) to catch up with established technologies on boring stuff like cost and storage capacity. Who knows, maybe Everspin will end up owning some key technologies that are spurred to more widespread adoption over the next few years. It’s not likely to be easy, not going up against lots of other MRAM-based technologies and other non-volatile memory projects being developed by major players in the chip business, but it is, at least an interesting “pure play” on this little niche in the memory business.

As far as the invented deadline in the ad goes, there is an auction of C-band spectrum scheduled for December 8, and that is widely seen as being important for expanding 5G availablility (though the satellite earth station users who depend on the C-band now are not happy), but there are a lot of moving parts in rolling out 5G and building Internet of Things devices that might use the many different wavelengths that will be part of 5G… that one auction is part of a long term evolution for 5G, and is not by itself going to have an immediate impact on MRAM technology in general, or on Everspin’s business in the near term. Companies that are choosing memory technologies have known for years that 5G is coming, and their product design decisions are made over many years, the flip of a new switch at the FCC is not going to create a surprise surge of revenue for this company because suddenly manufacturers decide they need this memory by the end of 2020. Maybe investors will get excited about Everspin at some point in the next few months, maybe not.

You certainly don’t have to believe in the idea that this stock will really go up by 312X in four months (that would be his teased “$1,000 to $313,000”) to think that the company might have some rational appeal as an investment — which is good, because that’s a crazypants forecast. This is a real company, with real revenue, but it also has been a niche business that makes stuff for pretty small markets so far… with a four-year public history that has indicated the growth in their business is both challenging and inconsistent. Companies on the verge of absurd surges in growth do not usually worry about cutting a few hundred thousand dollars from their operating budget to keep the lights on, but microcap R&D-based companies who burn cash and don’t have serious revenue growth do have to watch that bottom line if they want to survive and keep their investors patient… and MRAM is clearly in that latter category at the moment. Maybe it won’t be in the future, I’m certainly not expert enough on the sector to give you a projection on that (and Koyfman has had both successes and failures in his heavily teased penny stocks — with the most recent big winner being Exro, which rewarded the folks who patiently waited for a year or two for it to take off), but you can read up and think through the possibilities as you consider whether it’s a stock you want to buy.

10/19 update: There is no fundamental news at all in the last two months, the company is due to report its next quarterly earnings in about two weeks… and it is still expected to be a relatively weak quarter, so probably any commentary about next year and any licensing or production updates will be what drives the stock in the near term. The one analyst who covers the stock, from Needham, remains quite optimistic about their potential bounce-back in revenue as data center demand increases for their STT-RAM products. MRAM stock is up about 36% since we published this article in August, easily outpacing the ~10% returns of the Philly Semiconductor index during that same time period.

So… does that kind of speculation on future technologies fit your portfolio? Do you understand what they’re talking about in the conference calls and see an edge for Everspin? Think they’ll be leading hte memory business in a decade, or forgotten as a has-been? Let us know with a comment below. We’ve left the original comments from August appended here, in case that provides any helpful perspective.

P.S. Fan or foe of Koyfman’s microcap newsletter? If you’ve ever subscribed to Microcap Insider, please click here to share your experience with your fellow investors.

Disclosure: of the stocks mentioned above, I own call options on Intel. I will not trade in any covered stock for at least three days, per Stock Gumshoe’s trading rules.

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julian_satran
Member
August 18, 2020 11:41 pm

The MRAM has been around. for more than 20 years. I don’t know why it did not take over the DRAM space – although I suspect that price and density where the major factors – and could not displace the incumbent – it comsumes way less than DRAM – practically 0. For storage it is even more so. Density does not allow it to compete with flash. The big semiconductor players have, reluctantly, abandoned it.

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Bradley Goddard
Member
Bradley Goddard
August 19, 2020 11:35 am
Reply to  julian_satran

When the prevailing technology has long legs there is no need for a parallel new technology. Nobody changes from established products unless forced. The fact that MRAM uses less power and more memory dense was insignificant when the power requirements of DRAM are (still) easily met. Perhaps we are coming to a point in the near future where the power consumption and memory density are becoming a factor, but not before every ounce of ability is used in DRAM.

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gillian
gillian
August 18, 2020 3:36 pm

I really appreciate your level-headedness and respect for individual liberty. It is refreshing to read someone who is not trying desperately to win readers over to their opinion or product.

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Paul Thode
Guest
Paul Thode
August 18, 2020 3:58 pm
Reply to  gillian

I agree, don’t know how you find the time to do all that you do, I can barely make it thru all the amazing deals from the miltiple number one stock picker/expert/guru , etc

my favorite is the ad for the math genius, who ended up at Cal State Hayward ( a decent school) but you would think that Cal and Stanfurd would have been beating down his doorf

Dave S.
Dave S.
August 18, 2020 10:55 pm
Reply to  Paul Thode

You mean Louis Navellier?

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vivian
August 18, 2020 3:46 pm

my website went down and I set out to get a new host and 3 weeks later I am still without my ability to blog. all this hype about tech leaves out the greed and carelessness of the providers, blue host and godaddy. all the new tech in the world will never replace providing services to people who paid for it
and doing it within a reasonable timeframe.

J. Merrill
Member
J. Merrill
August 19, 2020 1:59 pm
Reply to  vivian

Try Squarespace. Prices are low if you’re not doing much. (No connection to the company, just a happy user [who made my consultant wife’s web site with it].)

AlF
Member
AlF
August 18, 2020 3:54 pm

Samsung has it! … https://www.anandtech.com/show/14056/samsung-ships-first-commercial-emram-product

Good explaination also on the site above.

Alfie
Member
Alfie
August 18, 2020 3:55 pm

Samsung has it! https://www.anandtech.com/show/14056/samsung-ships-first-commercial-emram-product
Good description given above, and good comments too.

Carla
Member
Carla
August 18, 2020 3:56 pm

I have NRAM and it’s done great!

Carla
Member
Carla
August 18, 2020 3:56 pm

MRAM. Had a typo in last comment

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jeremyjohn
Member
jeremyjohn
August 19, 2020 4:03 am
Reply to  Carla

I’m feeling lazy and don’t want to read their quarterly reports myself.

Can you explain how they’re making money? Are they just licensing their MRAM design? Where to they have important IP? Is it the MRAM structure itself of the controller piece? In my mind those would be the two differentiating factors I’d seek out.

Like I mention in another post, I feel it’s really hard to have a good patent in this space that someone can’t work around with a slight variation on a good idea.

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S D
S D
August 18, 2020 3:57 pm

Sure, why not. Sounds interesting. I started a position today.

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MarkDubb
Member
MarkDubb
August 18, 2020 4:44 pm
Reply to  S D

yup, screw it. i just picked up 100 shares as well

Joseph Smith
Guest
Joseph Smith
August 21, 2020 4:34 pm
Reply to  MarkDubb

Could you please tell me the stock market symbol so I can buy some shares. Thanks

Dave S.
Dave S.
August 18, 2020 5:43 pm
Reply to  S D

Why not — well, for one thing, the share price just plunged about 40%. While that might mean this is a fine entry point, it presumably also means the market sees a serious problem with this company. Good luck with it, though.

jeremyjohn
Member
jeremyjohn
August 19, 2020 4:05 am
Reply to  Dave S.

If the odds of profit are better than the odds of my blind grandmother making money playing blackjack I call it a good investment.
🙂

Dave
Member
Dave
August 18, 2020 4:11 pm

Yes I would agree that this is a far fetched concept, using all the buzzwords. Putting 5G and RAM in the same sentence is problematic for me, they at the 2 ends of the spectrum. Then using IOT to tie them together is crazy, IOT is a very low bandwidth tech. It is quite at home on our current 2G tech. Yes I said 2G! Last way to use older cellular tech before retirement. I don’t see IOT using 5G for some time, the chips are expensive and 5G doesn’t go through walls, not a good mix for distributed IOT. IOT chips need to be verrrry cheap! 2G, 3G stuff is cheap now. Also a lot of IOT is WiFi now, 5G for IOT another pipe dream for 5G pundents. 5G will only be available in the big financial centers using microcell “towers” all over the place. Except for TMobile using 600Mhz 5G to reach long distance rural areas, but this is low bandwidth 5G, like 4G LTE currently, 600 Mhz band can’t support anywhere close to 1Gig Bandwidth.

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alvinchip
alvinchip
August 18, 2020 5:30 pm

Travis, I always appreciate your analysis. It does not make a whit of difference to your analysis, but just to be accurate IBM paid Global Foundries to take IBM Microelectronics off IBM’s hands ($1.5B as I recall). It was not spun out of AMD. I actually worked on MRAM reliability as an IBM engineer before IBM paid GF to take Microelectronics. IBM had had a finger in that pie long before the division was sent to GF. I have not kept up since retirement so I cannot really speak to its status today. Alvin

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jeremyjohn
Member
jeremyjohn
August 19, 2020 4:06 am
Reply to  alvinchip

Makes sense, seeing a few IBM patents in this space.

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midorosan
midorosan
August 20, 2020 11:37 pm
Reply to  alvinchip

That’s a pity Alvin I would have loved to hear what you might have said getting it from someone who has actually touched and felt this stuff.

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ronwill
August 18, 2020 6:34 pm

So by the end of year this stock will go from $5.40 to about 1,700???
Good luck with that….

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barnkb
August 18, 2020 6:35 pm

Besides their awesome XPoint and other memory technologies, one of the attractions of investing with Micron is the potential future promise of their persistent memory, called “phase change memory (PCM)”. I only mention this to suggest that MRAM is only one of at least 2 (perhaps many, don’t know) solutions to the concept of providing “power off persistent memory”. Micron is one of my largest holdings and one of my oldest.

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frostly
frostly
August 18, 2020 8:20 pm
Reply to  barnkb

How has it worked out for you? I bought Micron in March dip and sold to use the money for better growth prospects in May.

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jeremyjohn
Member
jeremyjohn
August 19, 2020 4:10 am
Reply to  barnkb

Thanks, worth checking out!

Napa Valley
Napa Valley
August 18, 2020 8:47 pm

3D XPoint Memory might be a more attractive investment than MRAM due to its 5X larger market than MRAM.
https://www.globenewswire.com/news-release/2020/01/21/1972763/0/en/Emerging-Memories-Ramp-Up-Report-2019-2029-Manufacturing-Equipment-Revenue-to-Rise-from-an-Estimated-26M-in-2018-to-Between-238M-to-1-4B-by-2029.html

“The report projects that 3D XPoint Memory, with significant gigabyte shipments in 2020-2021, and with an assumed important price advantage versus DRAM will grow to a baseline level of 54.7EB (exabytes) of shipping capacity by 2029. 3D XPoint baseline revenues are projected to reach $16.1B by 2028.
It is projected that total MRAM and STT MRAM baseline annual shipping capacity will rise from an estimated 13.88TB in 2018 to 614PB in 2029. Standalone MRAM and STT-RAM baseline revenues are expected to increase from about $22M in 2018 to $3.8B by 2029. Much of this revenue gain will be at the expense of SRAM, NOR flash and some DRAM, although STT-RAM is developing its own special place in the pantheon of shipping memory technologies.’…………

However, “Because of the compatibility of MRAM and STT-RAM processes with conventional CMOS processes, these memories can be built directly on top of CMOS logic wafers. Flash memory doesn’t have the same compatibility with conventional CMOS. The power savings of nonvolatile and simpler MRAM and STT MRAM, when compared with SRAM, is significant. As MRAM $/GB costs approach those of SRAM, this replacement could cause significant market expansion.”

Another good read: https://www.flashmemorysummit.com/Proceedings2019/08-05-Monday/20190805_MRAMDD_Plenary_Bertolazzi.pdf

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jeremyjohn
Member
jeremyjohn
August 19, 2020 10:44 am
Reply to  Napa Valley

This is a great presentation, thanks for sharing! If I understand market for STT MRAM where Everspin is a leader (admittedly I have no clue why they’re the leader) is expected to be roughly $2B by 2024 or something like that. That’s something…and as the presentation mentions, economics is everything here. If you can lower the cost of this memory you change the game.

Got me… Just a trace position in my IRA….you know if I make 3000% gains I don’t want to pay those capital gains 🙂

Going to call this entertainment.

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jeremyjohn
Member
jeremyjohn
August 19, 2020 3:59 am

Good article.

While in graduate school I worked in my U’s technology commercialization office as a sort of engineering liaison. I had two jobs. First I would look through stacks of patents that we had spent big money to acquire and see if they were worth anything. Most were worthless. We’re talking mining numbers – like for every ton of rock you crush you find an ounce of value.

My other job was to reduce the money we were spending patenting worthless ideas. For this I would did deeply into these semiconductor technologies and probe faculty on how their technologies were distinctive. Writing a *valuable* patent that can’t be worked around is very difficult. This is why a lot of companies don’t even both with patents and instead keep their IP as trade secrets (Corning glass comes to mind).

Anyway, after I read this article I opened Google Patents and searched MRAM. It wasn’t until the 3rd page of listings that I actually found an Everspin patent. And what I see are names I would expect to see: Samsung, TSMC, Qualcomm, Intel, IBM, Infineon, Freescale, HP, Crocus Tech SA, Headway Tech, Chinese Academy of Physics, and a company called Magic Tech (go figure) all have patents.

OK, so memory like batteries or processor or radio technology will probably not be a winner-takes-all market, so room for several players to grow. But it’s kind of like Elon Musk says – there is so much BS published out there about magic battery technologies. Why should we believe that the big players with their deep bench of academics and researchers (and deep pockets) can’t figure this out without needing the patent from some microcap?

If you invest in companies like this, do it with the mindset that it’s entertainment to follow them and learn about what they’re doing. Don’t do it because you expect them to break out.

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Tacman
Member
Tacman
August 19, 2020 8:16 am

With all that said, it makes me wonder why so many institutional holder seem to have such a decided interest in this Company.

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artistoke
artistoke
August 19, 2020 4:17 pm

MRAM was in Jeff Brown’s Exponential Tech Investor portfolio; he put out a sell alert in early March at a 50% loss with the caveat that he might recommend it again if things changed. No new buy recommendations on MRAM from him yet.

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only6greens
August 22, 2020 12:03 pm
Reply to  artistoke

yep i was about to write it was still one of Jeffs picks until i read your note , as I missed the sell as it was at the time everything was down 40% . I still have a bit so will keep for the time being, last year i did scalp 50% on it , jeff held it through the corona debacle and got burnt. Thanks for the heads up . Stime Macom infinera couple of his if it helps anybody GLA

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sct2ali
sct2ali
August 19, 2020 8:03 pm

Definitely, “buyer beware!!” with Alex Koyfman. Hard for me to imagine paying him $599 for…well, anything. (I subscribed to “Penny Stock Millionaire” 4-5 years ago at a one-time introductory price, but have paid nothing since.) This “service,” as Travis noted, used to be called “Penny Stock Millionaire,” until Koyfman changed the name to “Microcap Insider” in March 2020. Only a very vague reason was given for the change, but it was clearly since his “record” over the past 2-3 years was almost certainly one of the all-time worst in the “industry” – and that’s saying a lot: as of now, his “Penny Stock” portfolio – which he still maintains on his website – has 25 “open” positions (a lot of his recommendations from 2016 to 2019), and only 3 (!) are positive (the highest being 37%); 22 positions are negative (15 ranging from minus -40% to -97%). Alex clearly wanted to get away from his “Penny Stock” past, at least as far as he could. But no escaping the fact that he has a demonstrated “record” of being abysmal overall at making stock recommendations in recent years.

He’s also dishonest: he still shows one of his “closed” positions achieving a 347% gain in May 2019. Never happened; it was actually 34%! I’ve pointed that out to him – twice – but he refused to correct his record; guess that’s because it’s the highest gain he’s ever (not) achieved. He also tries to “hide” his “open positions” by showing them ‘below’ his closed positions on his website, clearly hoping no one will notice. Buyer beware!

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Trucker MD
Trucker MD
August 20, 2020 8:38 pm
Reply to  sct2ali

Thanks for sharing

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SRS
Guest
SRS
August 20, 2020 6:00 am

The company named Everspin was spun out of Freescale Semiconductor in 2009, with VC funding. This was after >$100M in R&D (including Govt grants) that Motorola and Freescale had put into it since the 1990s (NB: Freescale was formerly Motorola’s Semiconductor business and was spun out of Motorola in 2003. Lisa Su, currently the much-deservedly celebrated CEO of AMD, was Freescale’s CTO then and drove the spin out of Everspin).

MRAM was always touted as an infinite read-write replacement for Flash Memory (aka NVM or Non Volatile Memory), not really as a DRAM replacement. DRAM is volatile memory, I.e., when you cut the power, what’s written is lost. But it is dirt cheap to manufacture at high yields and densities compared to all other kinds of memory.

Flash memory is non-volatile, as is MRAM, but more expensive, bit for bit, than Flash.

Flash memories have a large but finite number of write cycles for which they are non-volatile, while MRAM is truly non volatile, and allows for infinite read and writes. That said, MRAM was always more expensive and buggy to manufacture, and has/will have to overcome a steep cost curve to become as relatively inexpensive as Flash memory.

In fact, the original applications MRAM was targeted for were Battery Backed SRAMs, a market that is at best a few $100M in size (unlike the market for Flash memory, which is tens of $B in size). Obviously, the VCs backing Everspin had their hopes pitched on MRAM becoming the next Flash memory technology.

MRAM as a high-volume, cost-competitive technology has had many many false dawns, but it is possible that three decades of R&D is finally seeing fruit and it is becoming competitive with Flash at high memory densities and for high volumes. It is best to be skeptical and tread with care.

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Peter
Guest
Peter
August 20, 2020 8:27 pm

Sorry Travis I’m a little off subject but can you tell me where and how can i buy ank crypto

Thank you

Joseph Smith
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Joseph Smith
August 21, 2020 4:32 pm
Reply to  Peter

Yes I do Peter. I use Coinmama and they have always been prompt with my purchases and very helpful and pleasant. They also buy Crypto. https://www.coinmama.com

Gary Reynolds
Member
Gary Reynolds
August 22, 2020 2:28 pm

How can all these bloggers and tout sheet publishers get away with making such outlandish statements?

Dave S.
Dave S.
August 22, 2020 2:49 pm
Reply to  Gary Reynolds

By careful and lawyer-guided use of “may”, “might”,”could” and sometimes additional disclaimers in The Fine Print, which is worth reading a time or two if you never have. No one is being promised anything other than separation of a sizable chunk of cash from her/his bank account to pay for the service.

colonel Valter
August 24, 2020 5:46 pm

What do you think of Dave Gonigam Millions and his new $ 5,000 The Profit Wire newsletter these days? Temporarily reduced to 2000 but only for the first hundred subscribers who will subscribe in the first 15 minutes ???
colonel Valter
BGMilitaryUnion@gmail.com

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colonel Valter
August 24, 2020 6:48 pm

name of the bulletin – The Profit Wire – author Dave Gonigam

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