It's the same ole story on every Yahoo message board. The pumpers do no favors for the longs - they just create noise and confusion, and in the end, resentment. But I will say these new Microsoft hologram glasses look like more of a threat to Occulus Rift than Vuzix. I can't envision people walking on the street with them unless they're on drugs.
Vo2max, do you see any risk that Vuzix will be relegated to secondary technology and these other Intel investments will be the primary smartglass maker involving Intel?
Betamax vs. VHS. There will be winners and losers in the technology wars. Intel is building a stable of horses, knowing only one will make it to the Derby.
This is evidence that Intel does not see VUZI as the be-all and end-all to the smartglass solution. Intel is hedging their bets. They will utilize the best ideas and scrap the rest. Hopefully, VUZI doesn't end up in the garbage can like GTAT.
Save some cash to buy the gap fill at $5.50 - $5.70 on the 5-day intraday chart.
Betamax was the superior technology, yet VHS was crowned the winner. It is difficult to say at this point which smart glass company will be the leader, even if VUZI waveguide technology is the superior choice.
Cane, people go out of their way to get fitted with contact lenses instead of glasses because they DON'T want to wear glasses for whatever reason. That is my point. The question is can Vuzix and other smart glass brands convert contact lens wearers into full time glass wearers? In other words, can wearing glasses become the norm in society? That is the bigger question, in my mind.
If you currently wear glasses, okay. Do you think the millions of people who wear contact lenses will now wear smart glasses? That is a big leap.
Cane, what more do you need to know? Do you really think the SEC will grant them listing with known errors in their current financial statements? The answer is no. What more do you really need to know regarding this issue?
I agree with vo2nacs. Not to mention that a lot of people won't want to wear glasses on their face for 12 hours a day, every day! The smartphone fits in your pocket and it's with you 24/7.
Bolles, get over yourself. I'm not even asking tough questions. As a shareholder I have right to ask questions and play devil's advocate.
This message is for Cane5, who asked what they need to correct in their filings. The answer is simple. They need to correct the errors that they admit do exist.
I'm not an accountant or SEC lawyer, but for 15 years I've watched other small cap stocks try to attain up-listing, and most of the time it ends in disappointment. I speak from experience, painfully so. The SEC holds all the cards.
They have to redo their 10k's going back several years. It will take time. Maybe they will expedite it, but it will take some time regardless. The people saying this will uplist to Nasdaq next week are crazy. But vo2max is correct, it doesn't change the outlook for the company. It's just an indication that the rumour mill on this thing is pumping fast and hard.
Yes, I read his article and I think he is mistaken. He didn't even address the lapse in financial reporting. Whether he even knows about it, or he's just blowing it off, I can't say. But my point is that an uplisting isn't coming anytime soon. Yes, it may come down the road. But hyping the expectation on this message board and Seeking Akpha isn't doing anybody any favors.
So you're saying we can forget about a Nasdaq listing. Okay, thanks for confirming this. Just so everybody knows, all this talk around here about a Nasdaq uplisting is false rumour and hype to pump up the stock and steal your money. These message boards are way too dangerous for people who don't do their homework. The euphoria in this thing is out of control. When the stock pulls back 20%, you can bet that 2/3 of these people will be gone and posting on the next hot money stock. Too funny.
FYI, I bought a small starter position on Friday before digging deeper. I usually don't invest in companies where management declares their financial history is erroneous and worthless. Lol! But you're right, Intel did buy themselves a lottery ticket so I suppose it's worth some chump change on a lark.
Here is the actual quote from the company's 10Q, pg.21:
"Due to the ACTUAL and potential errors on financial statement balances and disclosures, management has concluded that these deficiencies in internal controls over the period-end financial close and reporting processes constituted a material weakness in internal control over financial reporting."
This is not good.