He is well known to Oppenheimer, they have his photo on the mail room wall and in the bathrooms I hear.
I'm not looking for much this year as he killed my enthusiasm with the guidance in March. I would like to see $3 again this year, but it looks to me like dilution is being prepared as I speak.
A buyout is better than watching this cancer continue and keep this company in survival mode forever.
Brian Turner, Alex Tokman, not a dam one of them know the score. They all know they want more shares for themselves though.
With all due respect Cuda, Alex doesn't control anything and his timelines are terrible.. We are playing small ball even with Sony in the game. Been looking at next year for the last eight. What bothers me is they want another 1.5M for performance bonuses. Are you kidding me?
And why would they hurry? They bought the whole enchilada for $8M. They don't care if we ever get over $2 again. They will test the market and watch it develop and make a cheap offer when they are ready. They have us right where they want us. We depend on their sales efforts and development efforts for our survival. Tokman has to get busy in AR/VR and 3D fast. Would you believe we have a Sony contract and we are under $2? Unknown production capacity? Unknown royalty payments? No news? Nothing but NDA's and they aren't worth $2. A patent portfolio that should be worth at least $5 and it is valued at $1.90 as I write this because they haven't made anybody money yet. ASM coming, and we won't know any more when it's over.
Ok vote I agree with all standing pat. Manipulation and bad management has plagued this company for a long time. On the other hand, I have watched HUD displayed on the MVIS web page for years and saw the gaming gun demonstrated and I considered that low hanging fruit, so to speak. After all, a lot of pluses are there for HUD implementation. No space or power problems to deal with and no battery problems. Looking at the products out there I don't see any volume customers yet. Putting this all together it looks to me as if it all comes back to one common problem for all, and that is our ability to supply the demand. I may be off target here as some have said, but I think when we are capable of producing the volumes they need we will be golden. I don't think management has been up front with us on that and think there is more to the production issue than we know.
Well nobody will look at it this way, but he could be looking for the 1.5M share vote. I know I have seen postings for some of those jobs before. He could pull the listings after the vote passes. I don't seriously think that is the case, but Tokman has earned the skepticism. I do believe we are going to have a pretty decent year in spite of the guidance. Have at it gals and guys.
Dumbcluck chuck couldn't be more wrong. He doesn't know me. Only one person on this board knows me. I am not from Delaware and never heard of Lightwave Logic. I have pushed INCY and BA. I am close to Delaware, hence Viewsmart.
They originally had intentions of taking an office in Newark or New Castle. New Castle would be cheaper if that had any bearing. The Newark office complex is very nice and houses some tech companies and business to business outfits. That one is very close to me so it is easy for me to follow up. Sorry I couldn't be more productive.
You're welcome sweet. Would of liked to have done it before this, but you probably aware of my recent situation. The phone number listed on the internet is a Philadelphia and they are from Philly, they told me that so they are going to register the business in friendly Delaware I'm sure. Last time I spoke to them they said they liked the Newark location due to the closeness to U of D, but were also looking at property in New Castle which is just up the road a click or two. #$%$ was very likable and invited me to stop by soon. Just don't know how to do that since I don't know where they are. No phone listings other than the one on their home page. I'll try to do some more digging to see if I can find out more. If nothing else, I'll provide the board with something to scream about.
We have come to the conclusion that it all comes down to production capability. Those of you who are going to ASM might be more interested in why folks with money and product can't seem to launch their products and stop looking to see who is smiling. There are issues here we are not fully aware of for sure, but asking shareholders for another 1.5M shares is criminal with questions like this unanswered. What we need is an understanding of what the volume customers want before they put cash on the line and I do believe it is smaller, brighter, more efficient and production guarantees. Go to ASM and get answers folks, wish I could be there.
Had a chance to follow up on View smart today. Last time I went over there the office was empty and that was in December. Today I found it the same way, empty and lights off and an old company name on the window. I last talked to #$%$ Johnson in December as he was preparing for CES and his partner was in China working on shipping issues with a launch date of 12/15/2015. He was very anxious and looking forward to a delayed launch and solving the shipping issues and enthused about CES. Since then I have called him and left voice mail, but no response. Thinking the company was busy preparing to go to market I was satisfied to wait.
I hung around the complex and engaged employees of other companies sharing the building and they told me that they never heard of Viewsmart and the office has been empty for some time. I know they had the money to get it up and running back then.......don't know where they are now.
Kicking this around with my counterpart, we are thinking that we are losing money on each unit we produce and the volume with the "small ball" customers isn't going to give us the economies of scale we need to break even. Why produce more product at a loss when you have to keep the lines running hot and heavy to make money? We are thinking that production problems were a big contributor, but more importantly, is the Gen 2 really what the customers want and may be the reason that small companies with the cash can't launch their product? I don't have a clue what our production capacity is so this is all me if you want to pick this apart. I am almost convinced that Tokman is reluctant to take any more small ball players aboard until we finalize the next engine and make a case for high volume production lines which I think is going to result in more dilution. If he were confident in the engine being produced he would probably bite the bullet and run a million and shelve them for whoever comes along with an order.