ya...they're not making any more realestate....but they'll be making a whole bunch more of gen2 engines !!
Shmuel Farhi is no dummy...& he's probably already calculating the new world class office headquarters for MVIS....in Canada !!!
right next to Rimm !!
Shmuel Farhi should have stuck with real estate IMHO. Real estate is just that, REAL, something that they are not making any more of. MVIS is trash, a piece of worthless paper that is being made in such abundance that they should be considering printing the shares on a 5 inch wide perforated continuous roll of paper so that it can better hold it's true value to the investment community. Seriously, what better advertisement than that?
So if he sells his shares today, MicroVision still gets $5 Million
If he buys the warrents at $2.12 , MicroVision gets another $2.1 Miliion
Thats $7.12 Million which should be enough for cash burn till year end.
BUT..a private investor investing into MicroVision I like.
"To me its somewhat obvious the original poster is the investor... This is very good news."
If that's true, YOU'RE ALL S C R E W E D.
Pierre has a long history of losses on this stock and this 5 million will simple be one of his many others. IMHO
If this seems outrageous to you it's because you have failed to grasp where that excess $ equity value is coming from: current shareholders.
It's called Dilution. Shares are printed and sold, in effect carving a small piece out of every existing shareholder position and giving it to the new investor, who gives cash to the company so it can keep the doors open. It's what a no-revenue "company" like Microvision has to do to stay in "business."
Why else should anyone put $5 million into Microvision? As with the repeated Azimuth drawdowns, these people do not expect MVIS to succeed -- they are able to make $ on the immediate deal. The warrants are probably just window-dressing to provide an illusion to current investors that "someone" at least believes in the company.
2.62, that sounds to be about your last buy in price for this turd. How are your 2.62 shares treating you today? You should have bought options @ 50 cents each to buy them at 2/share if you felt that good about their chances...lol