I have been involved with two reverse splits in companies that were supposedly on the verge of greatness. One was MVIS that did a one for eight and got the pps up to 4.80 with the notion that funds would shortly be able to buy into the tech and support the pps and the company. Here we are under $2 and it will be a long, long time before that one will ever break even. Also had the same experience with BWNG with similar results. I will now hear that INO is in a class by itself and that an RS is good from all of the supporters here and how it doesn't dilute at all, just an even dollar for dollar trade that will benefit the company and its shareholders. BULL. You can count on a twenty percent drop in value at a minimum over a very short period of time. The shorting will be much more su\ignificant than it is now, if you can believe that.
With all the news and trials and milestone payments near that will take care of the pps and institutional interest, there is no reason to do an RS. I now question the leadership and Kim's willingness to walk into this obvious distasteful situation. I know there are investors who hold him as a god here just as there are investors on the MVIS board that hold Alex Tokman as a god over there, but I urge all who think this is a smart thing to do, to do some research before embracing this move which I think is stupid and unnecessary. I really fail to see the wisdom in alienating retail shareholders who have been the lifeblood of this company and forsaking them for institutional interest. Where is his growing the company organically now? Been there, done that.
I think they will try to get some positive news out asap in view of the SA article this morning. Dr. Kim has to distance himself from any type of self PR and maintain his sterling image and that of the company. JMHO
Tokman has to work now. He just can't throw up names without revenue attached and expect solid reaction from the street. He might as well just wait for some PR with meat, beating retail inivestors up over and over is not healthy for this company.
I will GLTAL when he delivers a real PR with some revenue attached. This is getting as bad as announcing Wowee and the like. Yes, the names are recoginzable now and have tremendous potential, but he has to have learned by now what it is going to take to put a floor under this company. Lord knows we have been the most patient investors I have ever seen. The ball is still in his court to do something with. Looking for a HUD deal to provide what we need to really move forward. We can not be a charity forever.
Aren't we all Oz. Things are changing as we speak. We just need a revenue stream and over night it will be a new different company. They should be laser focused on an announcement providing that. Just beating us up with this same old #$%$, but better and better #$%$ as we go, is frustrating.
Name of the game is revenue period. Those names are gold if you can attach a contract that will pay us something concrete. The street will jump all over us with some visual cash stream, but until then it is the same ole same ole. The market is forward looking in most instances, but unfortunately for us Mr. Tokman has done this time again and again with zero results and they aren't about to take his word again. His history is one of our problems now that has to be done away with and there is only one way to do that. So we wait for that one contract that will put name dropping aside for good.
It's the players Bull. You have to have the Sony's and Ups's ponying up and willing to take the tech to the next level. Revenue will come when they get to the level where everybody sees what you can do with it. Give them some time (which is crucial to us) and lets see what big money can do with it. We already know that there is Auto interest with big money ready to invest in the tech. We need names, and so far, impressive. You know how I feel about the man, but the tech is ready to start. JMHO.
I remember quite awhile ago that Ford mentioned that they wanted to produce the safest cars in the world. Using the MVIS platform as its base seems right to me.
Isn't that how LMT runs every dam contract they bid on? Bid low and then blame everybody else for the overruns. Every contract they bid on. Been here a long time and this is the routine.
Well Sweet, I've been trying to tie AT and his comments to positive happenings for many years now. All the way from Our baby is born to big office parties, to firtst and goal. Am I jaded? Hekk yes, I hate the sucker. But I am holding all my shares and will ride this out just as I will the Biotech play I'm in. I finally see a change in attitude I feel is genuine this time around and hope we end up with at least a value we can put on all those patents. Still hate the sucker.
We all have stories, don't we. Looking to be part of writing the final chapter with our investment here.