Say what you will about smear jobs etc, but when a company's top customers go else where for the same product and others return aircraft, and customers like ILFC start complaining loudly, you got a problem. Arrogance will not win the day here. Time to knuckle down and get it right. I am wondering why these problems didn't show themselves in flight testing? I thought it was the job if flight test to run the product just as hard as the customer was going to run them. I know a lot of it is subcontractor work, but still the quality is reflected on BA. Have things changed so much in 15 years since I left? Have we gotten lazy?
This company's position becomes clearer every day I read this board. I can't believe all the name calling and insults that persist day in and day out with no information on the tech or the company. Watching Tokman run this outfit for the past 6 years I would welcome a sale of the patents for five bucks and it would feel as if I stole somebody's money. I have no faith in Tokman or the management of this company. After a dilution just two weeks ago I feel we are about to experience another one soon. After listening to 6 years worth of Conference Calls I can honestly say I don't care if I ever hear another MVIS CC. I can't stand to hear him say, "Great question" to which there is no real answer time and time again. Selll the dam patents and move on. Depending on pumpers to post info from the four corners of the world and connecting MVIS to any of it has become a daily routine and goes nowhere. Appreciate the efforts but reality sucks.
Fantastic, I put this right up there with Uniden, ESplus, Nioncom, and Wowee One, and First and Goal, and Shipping to the first of three OEM'S, and No gating issues etc.
Ago we were at $3.40 a share. This is a record even for Tokman. I can't believe how bad a CEO this dumb bell is. Nothing in the PR department to help stablilize this mess. Looks as if a lot of folks just found out something we retail inivestors will have to find out connecting dots from the four corners of the world again.
But this has been the toughest entry into service of any Boeing aircraft I can remember in my forty years at BA. This loss to Airbus of the JAL order is a blemish onJimmy Mac for sure.
Answers to what Stu? He gave us nothing this morning. Samples to Auto OEM. Still working on engines and supply chain. Just means that they have no revenue comming in 2014. No hard schedules or solid numbers for lasers or product introduction. At least two more dilutions. Where are the two more design wins this year, no mention that I heard. You guys hear things a lot different than I did.
Patience, Patience, I am almost 72 and bought this on Tokman's updates. Every CC it was one of the above pumps and more. This guy hasn't had a clue of what it takes to bring tech like this to market. He misled investors knowing fully what the supply chain looked like and where the main suppliers were. He chose to ignore them and issue false shadow updates that couldn't be confirmed. HE even stated to an analyst who asked about Green Laser numbers that we would know soon enough and to have patience just a little longer. That was 4 years ago. The man is either a con artist or incompetent. I personally favor the later. NDA's my butt.
That is a nice profile 20 years ago. He had all the backing of GE and their cash and clout. Let me ask you this. How many companies has he shown, demonstrated, and contacted in the past five years with our product and has produced almost notohing? HOw many shows and conferences has he attended on our money and produced almost nothing? How many private suites have we used to show off our ground breaking tech to garner just one quality customer that has apparently moved on? In five years after "First and Goal" and all the other statements I could mention along with all the companies he mentioned and referenced, I see very little in improvements in the Gen2 engine. With all the partnerships we have supposedly forged with top names in their respective fields I expect real progress and I don't see it. Patents are worthless without a product or a top name using it. Many, many companies have toyed with our tech and nobody has taken the first step other than HUD with Pioneer. If the tech is what I thought it was when I first found it then Tokman is not the man to take it forward, that simple. He is living off the reputation he made at GE under supervision and he just ain't got what it takes. JMHO
You and I and a awhole lot of others. Nobody kows but MVIS management and they ain't talkin'. They ain't producing anything either. Hoping for a HUD to hit the streets with our tech, that seems to obe the easy entry for me. Too many folks investing in Green Laser production not to be turning up somewhere soon, but the company will never tell you. The pps could go to a buck, and you'll hear nothing from MVIS. They don't care about shareholders very much and don't support usl. If you are like me, you will hold because it makes no sense to sell at this point. Anything that looks like market acceptance will make the patents worth something as they are valued at nothing right now. I have written off the whole investment at this point due to Tokmans lack of credibility and inability to land one revenue producing contract. Even a blind squirrel finds a nut once and awhile and I think it is Tokmans turn. He certainly has looked long enough.
I've said it before and I'll say it again, This guuy us is as good at this a Madoff and Skilling.
Perhaps we should send this to Tokman, he might be interested in a real job the way things are going here.
It does if you're an OEM and realize that it is too expensive to make money on. Or that it is power hungry and is short when it comes to brightness. NOw I know that Tokman told us that Gen2 was ready for testing and embedding, but here we are with Pioneer, our only customer pushing a real product, moving on just as Corning did when they realized how far out this tech was going to be. I was really hoping that one of the OEM's that showed top line auto HUD, would come to market with a top Model containing our Picop tech. Now that that doesn't seem very likely, investor interest is down to just a few posters here that I think work for MVIS. The lack of interest in voting shares is a clear signal in my eyes that we face several more dilutions and perhaps another RS before a product becomes cheap enough for mass production. Tokman and the BOD certainly have been on a great 10 year ride on investors backs and have produced nothing. This isn't a cancer drug or a Dreamliner we are talking here. It is the size of a coin and we have been working on it for many years. You would think we would have something to sell after half a Billion Dollars, and they want more.
First and Goal five years ago. Many contract announcements.....You're right, something is wrong. Gamming was the low hanging fruit...nothing. HUD was next with much easier requirements for MVIS....nothing again. About a year and a half ago he said we are closer than ever. He is delusional, has an ego problem, and worse than that, I don't think he sees the whole picture. I am waiting for one product, just one by a name to validate the patents. Right now the street values the portfolio at zero and it will stay there no matter how much investor cash was poured into them. As far as I am concerned, this guy is out of time. Credibility is gone and we have no respect. JMHO
It may not be fact as Bull stated, but in viewing his interpertation of things it is most plausable. THis company has given very little effort in supporting the pps and the tech by way of PR's etc. Alll of the contract announcements and bogus partnerships that so far have produced nothing leave the door open for broad speculation. Tokman has invited this kind of an atmosphere and the fact that he has lost soo much credibility damages the company even more. THe fact that the pps is at an all time low and management does nothing with the blessing of the BOD seems to confirm an attitude that they don't care. THere are two sides here and I can understand both. Longs believe in the tech and the shorts have had a field day with Tokman as a willing partner. Managements future is assured. The value of the tech is still to be determined and the BOD and Tokman are already counting their fortune. Belivers are hoping that in the long run Tokman turns out to be honest and the company survives. Shorts are giddy as we sink even deeper into this mess. Lot of pent up anger here. Many have given up after years of Tokman pumping this tech and announcing agreements with companies that netted us nothing. Selling the ShowX at a huge loss just to get the tech noticed and proven and so far it is only the long holders that have suffered. The shorts have made a lot of money and I hope to live to see the longs get their just rewards for hanging in soo long. This is becomming a longer shot every day and more money will be needded for Tokman and his merry band to keep going. PPS will continue down as no new products are expected this year. Hope everybody eventually is made whole.
THe biggest danger of that happening is when all the parts are available in volume which is soon. I think the BOD and Tokman always knew it would happen. He has run this rollercoaster too many times now and it is so old there isn't any interest. Crede is just here for the money they will lock up in short order. Never thought much of Tokman after the deals with Uniden and Nioncom. Knew then he was way off base in his updates.