Developmental companies don't usually have funds owning percentages of stock. That's why they rely on the 'breakthrough into production' of revenue-generating product. Looking back on PANL it appears as though they took some time as well to get to, what is it, $15 million annually with higher hopes and finially some fund investing? And, by the way, I am not trying to bash PANL, I am just trying to generate a thoughtful discussion of 'breakthrough' developmental technology.

You are obviously a bit sensitive about anything that could compete so I pose the sincere question--have you really done all you due dilligence on potential competitors for Universal Display's future market share?