Actually I am focused on the Foxconn/Sharp deal. That looks to me to have the biggest upside for MVIS. Concerns are with Tokman's execution over the past ten years. I'm never surprised when things fall short around here.
As I loodk over the events of this past week or so and read about the concerns of shareholders and the cap put on revenue for the year my fear that Tokman sold the company for 8 million is becoming clearer. The growth he gave last Tuesday reflects what he knows we receive from the royalty agreement. The fact that he is sending customers to Sony points to the fact that we can't compete with Sony head to head. The nonexclusive agreement is limited by the sweetheart deal he gave Sony as to be a non factor. Investors are realizing the impact it is going to have on MVIS earnings and growth is going to be very slow. Trying to understand why this sell off is so big and having such a huge impact and I can't see this as being a short caused event without looking back at the deal itself. Thoughts?????
I'm still stunned that he did that. I expected the usual drop, but nothing like this, and it isn't over. Erasing all that investor positive thinking in fifteen minutes.
He's not right. He delivered accurate numbers so he could meet or beat them. He is tired of missing expectations. Wouldn't you be if you were in his shoes? He needs help badly in communicating the story both to retail and institutional investors. He's been weak since I got here and the BOD won't get him help. Sorry #$%$ speaker with no personality. Sounds like a kid playing executive. We went to two investor conferences in September and the Institutional ownership has fallen ever since. I'm sure he isn't giving bad information, it is just bad when it comes out of his mouth. Soupy Sales could do a better job. Good engineer with vision I guess, bad CEO promoting one of the best techs in the last twenty years. Unfortunately he is killing the company he loves.
Guidance is always good, but you shouldn't put a cap on the top end at this point. Minimum of 40% with several new products expected in the second half of the year which are expected to add revenue etc. Royalties are the next hurdle for us that could have a similar effect.
Gentlemen, that is not what he or Holt are capable of. To you and me and a lot of investors, that is standard for a good management team. They are at the top of my expectations right here. How many years have we been voicing our displeasure with the limited info and how easy it is to give info without violating NDA's. This is a lack of effort on the part of management and a lack of respect to shareholders, plain and simple. I would think the BOD would have hired an outfit to put together the info he has and put it in shareholder friendly presentation format. I have suggested this. Tokman is a DYI CEO and thinks he handles it well. With retail holders footing the bills for the last ten years and his attempts to grow institutional interest well above his communicating abilities this is a no brainer. Hello BOD, he needs help.
009, did you see this coming? See my post on royalties? Where are you on that and what do you think if it turns out that I am right? You roll along with the tide pretty easily, but I am amazed that this has occured.
It is much easier to hide the nasty numbers when you talk in terms of percentages.
You got it, and when the retail bunch figures it isn't $5 a unit, the selling will really get going. It will push out profitability a long way and disgust folks. I think this is the start of the recognition of that.
Yep, and pigs at the......First and goal.....smiling every quarter......what a year we are going to have, right?
Stop trying to make him look dumber and dumber. He already has the distinction of being the biggest jackwagon on the board. You are wasting your time HIll.