I want to remind you all over there at Microvision about something; it's not the wealthy fat cats who diversify all their large portfolios, which MVIS probably doesn't have too many of those anyways, or even the thinner cats who diversify as well, although with sums probably less than a few stacks of high society, no, it isn't any of them; rather, it is people like me, who throw most of their eggs into this one stock and continue to throw them in, year after year. Approaching $80,000 I have fed into this company since 2010, after briefly making a buck on it back in 2009.
That R/S killed me, killed me. But I continue to throw money at it. For me, it is this stock or nothing. It is me and people like me that absorb all your new equity issuance. We get nothing for it, nothing I tell you. If MVIS pulls this R/S again after massively diluting once more, I will declare right here and now that, that will be the end of MVIS. People like me will be so financially ruined that we will turn away for good. Your stock will have no more market. You won't be able to raise a dime again. I have never in all my life seen a company with as poor ROE as MVIS.
You should all be ashamed. If you want to shore up more support from me and the people like me, if you really have to raise cash, issue some bonds or find a bank loan. If you're as confident, AT, in your business model and product as you say, then you ought be willing to place your own finances and that of the whole of Microvision under the same risk you continue to place us common shareholders who too believe in the product and the vision. We, I, can't take any more dilution or R/S's.
You could be frustrated or you could be a last gasp from the short. The tech will succeed. The issue is who will be the company at that time and which other companies should you be shorting.
She will come around the mountain when she comes. orders now for 2013 and orders in2013 for 2014. We will see.
Pierre also failed to realize that the statement below makes absolutely NO SENSE WHATSOEVER
"I want to remind you all over there at Microvision about something; it's not the wealthy fat cats who diversify all their large portfolios, which MVIS probably doesn't have too many of those anyways, or even the thinner cats who diversify as well, although with sums probably less than a few stacks of high society, no, it isn't any of them; rather, it is people like me, who throw most of their eggs into this one stock and continue to throw them in, year after year. "
If you were to receive an answer, based on the content of your letter, it would probably be like this:
"it is people like me, who throw most of their eggs into this one stock and continue to throw them in, year after year"
"That R/S killed me, killed me. But I continue to throw money at it. For me, it is this stock or nothing."
YOU SHOULD NOT BE MANAGING YOUR OWN MONEY!
"It is me and people like me that absorb all your new equity issuance"
UNDERWRITERS AND PRIVATE INVESTORS ARE THE ONES ABSORBING THE EQUITY. NOT YOU!
You don't seem to understand that when you buy stocks on the open market, you are gambling that the entity selling them made a bad call and the stock will go higher in the future. You are simply gambling that the seller is in error.
When you sell a stock, you think it will go down in the future and you hope that some #$%$ will buy this stock because you want to get rid of it.
In both cases the company neither profits nor loses on YOUR trades. You never bought from the company or sold to the company so you are not an investor, you are just a shareholder.
YOUR UNDERSTANDING OF INVESTING AND TRADING SEEM VERY NAIVE AND MISINFORMED!
HAVE A PROFESSIONAL MANAGE YOUR MONEY INSTEAD!
'pierrev' is right...somewhat.
On a scale of risk/reward, wealthy individuals and individual institutions that buy warrants, secondary prefered shares, and secondary offering 'directly' from the company, assume a far greater risk than all the retail investors [as a collective/whole]...as usually the requirement is that they spend many millions of dollars all at once for many, many shares, far and above what the average retail shareholder would consider to lay out [all at once]...they are directly sold on "the idea" of what they "might make" in the future, directly from the company...(if you have never been i a negotiation with a 'White Knight'...have you ever seen the show "Dragons Den")
Common stock (in the 'public' float) sets an "intrinsic" value placed/perceived on the company (reflected in the PPS) that may over time (through multiple, multiples of factors in circumstances, environment, the times we live in, etc.) may not truly reflect the ACTUAL value of the company going forward after comletion of successful wins that produce revenue and profits (obviously!)...therefore...supply and demand has a factor in the valuation as well depending on how strong this perceived intrinsic value at the time...hense, the constant buying and selling PPS up and down of shares [everyday]...as apposed to the usual massive buy and hold of large private placements, that may in fact, loose money (on paper) over very long periods of time, that they themselves may also have to answer to BOD and even their own shareholders about and justify.
Never-the-less...the money you as an individual has earned and has placed "on the line" is nothing any less important, TO YOU! (which amplifies it's meaning) over and above everyone elses.
However, you should also keep in mind that the REAL risk takers, are the ones that actually are running the company...ALL of them. If they fail, can you imagine the stigma that may follow them in any chance for progession in future carreers?...along with [most of them] losing thousands [if not millions] of dollars in their OWN insider investments in same company as you have invested.
I'm not an investor, but I am a shareholder? Hmmm...? Let me educate you on something: if nobody bought these shares on the public exchange, like you and me, there would be nothing for the institutions to sell, thus they wouldn't buy the millions of shares that Microvision issues. I understand how things work. #$%$.
"You never bought from the company or sold to the company so you are not an investor, you are just a shareholder."
I don't think Pierre understands what the term "investor" means. Below is the investorwords definition of "investor" :
" An individual who commits money to investment products with the expectation of financial return. Generally, the primary concern of an investor is to minimize risk while maximizing return, as opposed to a speculator, who is willing to accept a higher level of risk in the hopes of collecting higher-than-average profits."
True, when it comes to MVIS, reasonable shareholders are not "investors" because they should never. based upon the history of MVIS, expect a financial return on their money, the term "speculator" is much more fitting for their actions. One having bought or sold directly from the company itself has no bearing on whether one is or is not an "investor".
Gee microvisionsmells... you claim quite a history for someone with a "born on date" of.... five weeks ago.
Why do I always smell "agenda" when I read your posts??
Print the letter out, make six copies and send them via regular first class mail to:
The Board of Directors
c/o Microvision, Inc.
6222 185 Avenue NE
Redmond, WA 98052
They are legally bound to give the letter to the Board of Directors, unedited, at their next meeting.
Now, the Turnip Heads on the Board might not take any notice of what you have to say but at the very least it lets these thieves know that people are watching and that, eventually, they will have to pay the piper.
Don't get discouraged if you don't hear back. Keep sending the letters.
I've sent emails too him over the years and he doesn't respond to any of them. I wish you luck as I think he is only interersted in his own welfare and the folks in Canada who are feeding him rigfht now. You will get no response, I just hope he reads it.