I've been saying that since they signed the contract. Sony has put it all together and they tied up the most important part of the puzzle for 8 years for $8M. Now that they have all the pieces together, they will build up the customer base and then buy MVIS out. NOthing like owning the IP and control the whole space.
Oppenheimer doesn't even show up on Conference Calls any more. Tokman burned them once and they won't get aboard until they see results this time. You just can't bite the hand that feeds you.
Might see him in a week or so and get more. He was very gracious and invited me to stop by. It's all been good this year and this is a surprise, and right in the neighborhood.
Darn Hill, I just arrived at the same conclusion, except he told me it was Microvision. You are correct in that he isn't a techie and doesn't know much about it. NIce guy. May have lunch with him in a week as they get settled in.
You test the market. You test production. You gear to build volume. You introduce products that are right for the moment and when we get more bandwidth, we embed. You bring more OEM's aboard and start making money and learn where and when to invest more into the production and marketing.
They are just building inventory. Not a Sony engine, Microvision. Asian manufacturer. Couldn't find out whose lasers they are using, but it is 40 lumens.
They have been boring us to death for ten years now. There was excitement back in 2009 with the launch of "our baby is born" and the subsequent party. You would of thought we were about to make money, and that was the purpose, to get more retail investors aboard. Tokman is good at what he does, don't ever think he isn't. Perhaps one day it will lead to a return for long investors. I am cautious with Sony, as that hasn't made the difference in pps that it should have. I think big investors know a lot more than we little guys ever will and that is why they remain on the sidelines. I honestly believe that there is a lot they don't want us to know and just say NDA's as an excuse for avoiding the hard questions. Time will tell.
They have Alec Tokman for that and have been 100% successful. Like it or not he has had the best news and the best opportunity to move the pps and nail the shorts once and for all, and he messed it up once again. He didn't handle the good F500 news right and he didn't have a good CC as usual. Conference Calls always drive the pps down. The big move this year was the Sony signed contract and we went up to $4.23 and we don't even know the terms of that deal yet so the pps has continued to drop ever since. You have to know what is behind door #1 etc so that investors and Institutions will start buying. They won't bite on Smiles and NDA's that have produced nothing but head scratching so far.
Good post Bull, exactly my point. When will investors fully understand what is going on? NDA's my sweet butz. Nonsense. When will we see this guy move on. Sony buyout will happen in my opinion in due time.
Since I've been here and can't believe the performance of management. Would of thought it was a lock to be at $5 at least going into 2016. Tokman has amazed me once again as we approach the Holidays. One more month left and we could go all the way back to under $2. You can't make this stuff up.
Every week for how many years now? Anant has been the biggest supporter of this tech as long as I can remember, easy to see and feel his frustration at the execution of management.
Certainly not defending Anant, but I would like to see Tokman execute once, just once. I'm not happier this quarter and I was led to believe I would be. I didn't find Robohon to be what I expected from Tokman's hype. It is, what it is and Tokman has performed as expected. He is done as far as I am concerned and will always have Sony as his crowning achievement. I give him credit for that, but wonder how hard it was to interest them in the biggest impact tech in the last fifteen years and bring them to the table? I am holding and waiting for Spring.
We need a motivator in the drivers seat. This guy is not an inspiring leader. He has left it all up to Sony. Not a lack of effort on his part I'm sure, but talent is hard to come by. I know LBS is new and getting recognized is going to come, but he doesn't know how to handle basic news for shareholders confidence. Retail has done its part.
It gives the appearance that everything is behind and there is no leadership. Execution is everything. The street sees delays over and over in each trial as trouble. Weather it is management or results not being what they wanted makes no difference, it hurts the company and the pps. People want to see good performance and good data, simple.