Well, it has been my feeling that there are definitely production problems. Just where they are I do not know. He says it isn't us, so maybe STM, or Mitsu laser package, or Sony, I don't know. The world waiting for smaller, brighter, more efficient? Tokman knows and won't say, but if he is correct it is not us, then it is one of the others. This company stinks as far as shareholder consideration goes. He's been there too long.
Today, tomorrow, what's the difference. It will get there as long as Tokman is allowed to hang around.
The Japanese are smart so sandbag is not out of the question, but they are very loyal business partners. This is so big if handled right I wont discount anything. Foxconn is the best thing that has happened as far as I am concerned, huge. Embedded is the Holy Grail, but you don't usually go right to GO and collect. I was looking at gaming and HUD as the easy targets and we haven't gotten there yet, so I am hoping embedded comes soon and the others right behind. Until Stand alone comes to a store near you it is a minor revenue stream. Ten percent of the smartphone market gets us to $40. That is why I'm still here. Foxconn CEO makes things happen, Sony CEO is hungry, MVIS CEO has been there too long. Looks like Alfred E Newman, executes like Alfred E. Newman, no fire. BOD, no investment and I see this as no confidence in Tokman. Who wouldn't invest in this tech if we were close, and the BOD gives us lip service.
It doesn't have to be an exclusive deal. Step back and look at it again. They own the space. They make everything. They control the sensor business. They can make anything or contract it and do it cheaper and better than we can. We got Sharp, lucky. We may get more puppet business from another, small change manufacturer. The big fish aren't going to want to shop at this store, they can get a much better deal with Sony. Better pricing, better access to other components for their other products, and build a realtionship with one of the biggest in the CE space. Sony is a great name, but they have lived on that name and haven't performed to their capability. Their record is there for anybody to look at. Best part I see in this is there CEO is new enough that he has fire in his belly and a desire to succeed. Tokman is a man who has had one heck of a long pot hole filled career and I doubt his drive and hunger are any where close to what we need at the helm.
We just can't afford events like this and yes he made us look just like the bashers show us. The world wants to know why the delay, he should of expected it. If he is not schooled by now on what to expect, STAY THE HEII OFF TV.
Well, you get and I get it, so how didn't he get it? Weather or not it was expected you have to be able to give the impression that you can answer anything that comes up, expected or not. Heii, he is the CEO for gods sake.
Couldn't agree more pauli. It's hard not to get in front of the spot light, I know. You can do more damage than good if you're not on top of everything and have to be nimble enough to handle unexpected questions when you are dealing with professionals like CNBC.
would put out some PR in advance of CEO's schedule. I sold some stock in other companies two weeks ago and bought INO thinking this was going to be a good year. Had I known KIM was going on TV, I would of waited. Lot easier to buy on his massive dips.
Yes, at my age it is important to see some progress and support in the pps. I am among many long term holders that have to take distributions from IRA accounts at .22 a share. First and goal and first commercial product way back when, and Tokman's constant dropping of the magic bean names led us to believe that this was a company on the verge of commercial success. I have one of the first ShowX units made just to see the tech in action. The man couldn't shut his trap until the legal guys muzzled him, now it is NDA's which I believe is a red herring just so he doesn't have to answer shareholders. Peter Choe seems to know more about he tech and is very anxious to help prospective customers with new ideas. The MVIS staff listens and then tells you where to go to advance products and ideas. MVIS seems to have little control at this point and seems to have a role of support, so I don't know yet how I feel about the Sony deal going forward. Open mind, but not real happy with a guy that's been at this for ten years and has a pps that was once $68 and now sits at .22 for our distributions. Yeah, kinda in a hurry.
All I know is that we have spent many tens of millions on patents we haven't made a dime on and most likely can't protect any way. With a share price of .21 pre split and products on the market we did something late because the guidance is for a loss for the year and dilution is at hand.
Yep, that peer review was all ego. Companies that need revenue streams go forward with proven results and attract investment. This guy likes pats on the back too much. Best vaccine four years running should be enough for us. We don't need no stinkin' peer review.
And by the way Tiger, there isn't anything I see that says Sony has to buy anything from MVIS, and the longer it goes the more the pps drops because dilution is a prominent as an order from Sony.
I'll go one better. I am a believer that Sony got Tokman and they got him on the cheap. They paid chump change to control the best tech in the last ten years and if they finally decide that it is going to pay big dividends, they will buy MVIS for more chump change. There isn't one BOD member that has risked one dime of their own money on Tokman and the success of MVIS. The small purchases by management are more evidence that we control almost nothing. I think the board will sell this company and bank a quick buck for themselves. I know it is the shareholders that have to approve a sale, but realistically, longs have taken a beating and are ripe for the picking. A lot won't go for a buyout like the tranny guy and his friends, but many are fed up and by the vote last month Tokman knows he had the least among all on the ballot. Sony is not in a hurry, they have 8 years and are paying nothing but Tokmans compensation. I would love to know the royalty payments and how they are structured going forward. Too much unknown for shareholders and it won't change. Are you happier every quarter?
He didn't have an answer for the P3 trial question. All he had to do was give them a decent answer and he choked. He stammered and looked like he was hiding something, like there was something wrong. He sucks on TV, not the first time. If it isn't a softball he can't hit it.