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Microvision Inc. Message Board

  • sensibull2 sensibull2 Feb 27, 2012 3:07 PM Flag

    Incontrovertible proof

    That Tokman is either a Moron or is a liar.

    You need to ask yourselves why was the reverse split enacted the day after the shareholder meeting?

    The deadline for coming back into NASDAQ compliance was still two months away and an extension would have been easy to get. The other stated reason was to make it easier to raise more funds. But that hasn't happened.

    So why enact the reverse split. It got the company back in to compliance and will satisfy that if it can remain above $1 for another five trading days. But the company will need to raise more funds by Mid April, so why do the reverse split mid February and have no supporting news to help the share price stay up? Tokman has to understand that the longer they have no good news to announce the lower the share price will go. Meaning the lower the share price will be on any secondary and the bigger the dilution will need to be to get them the cash they need.

    If, as he says, he is looking out for shareholders best interests why would he do something that will result, directly, in a greater dilution of shareholders? Anyone who would act in such a way is either an utter moron or is being dishonest. There is absolutely no scenario where enacting the reverse split and having nothing to support the share price can possibly be in the shareholders best interests.

    Contrast that now with the best interests of Tokman and the rest of the insiders. They don't care how low the share price is, it doesn't cost them anything. The cost of the financing is paid by the shareholders. But it is in his best interests to have the share price go as low as possible before the next secondary as a very low share price would result in a very low strike price for new, post split stock options.

    There is fraud going on at Microvision. Either that or Microvision has a CEO and a Board who have absolutely no idea what they are doing. There simply isn't another rational explanation.

    TOKMAN IS EITHER A MORON OR A FRAUDSTER.

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    • I SAY FRAUDSTER

      LOL

      2011 Financial Results
      MicroVision reported the following financial results for the quarter and year ended December 31, 2011, compared to the same periods one year ago.
      Grew annual revenue to $5.6 million in 2011, compared to $4.7 million in 2010. Revenue for the fourth quarter of 2011 was $1.5 million, compared to $683,000 for the same quarter in 2010.
      Reduced operating loss to $36.0 million for 2011, compared to $48.3 million in 2010, and $9.9 million for the fourth quarter of 2011 compared to $15.4 million for the same quarter in 2010. The decrease in operating loss for 2011 was driven by lower operating cost and lower inventory adjustments compared to prior year.
      Reduced net loss to $35.8 million, or $2.57 per share, compared to $47.5 million, or $4.17 per share for the prior year and $9.8 million, or $0.62 per share, compared to $15.4 million, or $1.27 per share for the same quarter a year ago. Per share numbers have been adjusted for a reverse stock split which became effective February 17, 2012.
      Decreased cash used in operations to $27.9 million in 2011, compared to $46.2 million for 2010, reflecting a 40 percent decrease from a year ago.
      As of December 31, 2011, backlog was $2.1 million and cash and cash equivalents were $13.1 million.

    • TOKMAN IS EITHER A MORON OR A FRAUDSTER.

      I didn't know the 2 were mutually exclusive !

    • Very disappointing that after all these years they don't have more to show. I hate to say it, but it may be time for AT to step down. We need someone who has a little more credibility. I have been a shareholder for a long time, luckily did trade it a bit or I would be severely under water. However with what I still hold, overall am still down too much.

    • It ***COULD*** have to do with the fact that the 1 dollar min bid price is NOT the ONLY thing that is needed for compliance with a continued GM listing. This is what I was getting it in my prior posts this AM.

      White

 
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