Wish I would of sold after the CC and added to my INCY position. Couple of thousand more shares would of paid well over the last week. I just let this thing sit and go down every dam day. I emailed Tokman a few times asking about where we are and he hasn't answered one. Bad signs abound here. Haven't seen anything from our boy Mirro either. Tokman sounds like a beaten man now. Fire is gone. Makes me think that the F100 isn't going well at all, I mean we have nothing by his word and you know how that works out for him. Even the guys that loved the tech are down and some selling here. Gotta admit, things are looking dim with Alfred E. still at the controls.
Been here five years and the tone of Alexa Tokman hasn't changed a bit in all that time. "First and Goal" , "Shipping to the first of Three", "Apple loves us", and names like Intel, MSFT, and Samsung dropped at every Conference Call. Every one of those instances was followed by dilution in some form or another and it shows no sign of stopping. The Conference Call last week was the worst one of all. He will not answer emails and IR will give you token responses in wide generalities. I do not think he will ever bring this tech to market due to his short commings. I do not believe he has the ability to sell the whole picture and doesn't have the sales pizzaz needed to pull off a major deal. If it is not him, then it is the tech that is lacking. We could go back to the last cc and see where we are in lumins, and power consumption and laser numbers, and get a good idea. But wait, those things are only of investor interest, nothing to do with dilution, which is his business not ours and so there was no mention of those issues. Or timelines, or product advancements or ..... You get the picture?
Seems the street is smarter than the media. Investors aren't paying any attention to the hype and headlines. Wish they would pay more attention to the advantages the aircraft brings our customers and the public. I wish I would read more about its efficiencies and on time performance. I think it is doing OK for a new tech aircraft.
Been here five years and holding for the day the patents maybe worth somethin. Lot of patents being issued to other large companies that mention MVIS tech, otherwise I would be gone. The worst CEO I have ever seen. Doesn't know opportunity when it is looking him right in the face. Astonisihed that the BOD hasn't shown him the door. More dillution comming soon and the financier will undoubtedly short it to .75 and get their money back in a month or two. It is the retail holders that he gets time and time again until it is worth nothing. SEC where are you?
I don't think even another half billion would satisfy this guy.
I have been calling fgor his ouster for over two years now. It became apparent to me with the Pioneer deal and no large follow up. I still think the tech has a great chance in the right hands, not his. Stewie and friends tout his successes and I guess he has earned them, but you are right about GE and all of their support staff. It is hard to make a mistake at GE. It is the BOD's job to see these failures and protect sharholders, I think we may see some action soon.
My point exactly Lantern. I said just about the same yesterday. It only takes and understanding of the mind set of shareholders to make an effort on his part to soften the bad with some informative gesture toward looking forward to next year and the possibilities at hand. I saw no effort on his part yesterday. He appeared to be a beaten man. Sounded terrible to me. He just doesn't know what to do with the opportunities he has. He is unschooled and learning at our expense.
I thinkl he has lied and has hidden crucial facts from investors just to keep his dream alive, and that may turn out to be his biggest asset in the end. If he hasn't lied outright, he has failed to disclose crucial informatiion that would of affected investor interest and that is just as bad. I wish him success here and I hope to see this tech in the market place under the PicoP brand, I just doubt this guy has the credentials or the moxie to sell the whole package. My god, he didn't sound like a polished CEO yesterday or any of the other CC's I've listened to. He would probably make a good CTO, but he is not a good CEO by any means.
Your Basherboy is Alex Tokman jerk. Alll he had to say was looking forward to 2014 and it would have had some impact on us long suffering shareholders. He sounded like a scared little kid yesterday owning up to the fact that things aren't workiing out as planned. He should realize by now that when there is o analyst coverage at the CC he has dropped the ball big time and has generated almost no interest in the company. If you can't see now that he is ill suited for this job, you probably won't ever see it.
This tech can and should make the first to market company that uses it a red hot entity for a long time. It should and would capture market share in what ever product it is being used in. It would draw so much attention in the media that it would be everywhere in print and on TV. We should have big names lined up waitinig for us to hand them a contract. Just the benefit from an advertising point would make an investment in the tech worthwhile. Yet, as of yesterday, our CEO delivered a message to shareholders that we have no sales, little in prospects for revenue for 2014, and sounded like a scared little kid. My own personal opinion is that he is sorely missing the talent to sell the full picture to our perspective customers. Of the companies he has mentioned, Apple, Samsung, Pioneer, Intel, MSFT. etc., they all have the cash, engineering, and sales staff to bring this home and yet we haven't been able to get one to sign on.
The tech is interesting for sure to all of the above, but they all see something that holds them back from a sure fire investment. Lasers, size, power, you tell me, Tokman won't. You tell me why Ppioneer backed out and went another way. They weren't focused? Doubt it. Can't fault Tokman for lack of effort, he has spent all of his energies and countless hours living and dying over this.
Real pity when you realize what this guy has done and where we are. Good choice my friend. I wish I were smart enough to see this comming 2 years ago. What bothers me is that Karl has a better handle on our tech and on the business than Tokman does and that is disheartening. Nobody should be able to tell us how long it will take to integrate our tech better than Tokman and he does over and over. Enjoyed talking too you every now and then. Take care and good luck. This puppy is going a lot lower.
Dilution for years is not OK. MVIS will be there as Greece is, but will be worth little to the long suffering shareholders. They have to get a product to market just to make the platents worth something. We have no idea when that willl happen. We don't even have a design win at this point. I don't know what it will take in money, but will another half billion do the job? He thinks nothing of going to the well every few months and beats the heii out of the investors he thanks. Shares to us are worth .20 and he made no bones about, they are going lower and lower. Votewithno is correct, this guy is like a junkie on our cash. Looking at my other holdings Boeing changed commercial aviation in 4 years and reinvented the airplane. Half a billion and we still don't have a piece of equipment the size of a quarter or so. How in the lords name can you spend that much money on what we are showing, and still not have it right. I know all about investing in new techl and the time and money it costs, but I am watching new exciting cancer drugs being developed faster than PicoP. Hanging in there.
Gosh, I wish for nothing more. All the Tokman talk this year indicated disign wins and here we are and I feel he left nothing to hang any hope on when he closed the meeting. I too think he caught himself letting his mouth overload his #$%$ again. He seems prone to that. In thanking us longs he could of added something like "looking forward to 2014", it wouldn't of killed him. Just a little something to really talk about without promissing anything. The guy s lousey at this.
Yep, and if you take out his two brothers Senseless1 and Stewie who really just get paid to post here that makes 68 doing some work.
THe Doc needs to sedate Tokman, put him in a straightjacket and keep him isolated. He has become a danger to himself and the investing public.