Well, if Tokman hasn't chased him yet, he gets another chance in a few weeks to slam him and the rest of the retail holders again.
No, I heard that first from Alec Tokman about six years ago. Something like, first and goal, and no gating issues, and Apple loves us as I recall.
He is going to do what the rest of us are going to do, celebrate. When Tokman gets to understand the thinking and the needs of shareholders we will all celebrate. Until then we have to endure his missteps and pps crashes every time he opens his mouth. COMMUNICATION!
The biggest problem is the slow pace of advancements. Had we been any where near Tokman's timelines, there wouldn't be any complaining. He didn't have a handle on the tech or its development, he has been learning on our money.
By the time you figure Tokman out, you are probably in pretty good. After that you have to decide if the tech is viable or not and then make decisions to pull up stakes and move on, or buy the dips and lower your cost basis. Either way figuring out management quickly is key. I didn't, my bad. Still love the tech and believe even Tokman can't completely kill it. Too much trust right out of the gate, I have learned a huge lesson. Everybody has their own opinion of management and I think it varies due to the time of your individual investment. New investors should love management as the longs have paid the bills, paid the salaries, and took the brunt of their mistakes. I will recover my investments here, but wouldn't be so aggressive listening to Tokman pump this company again.
I hope you ae wrong as well, but I believe that CC will go down in history as the worst in Tokman's career.
Looks like we got here about the same time and yes, I am as disgusted as you are. He sure knew how to run his mouth back then didn't he. As of right now all the bashers back in 2009 were right on the numbers even though Tokman kept blowing them off. I remember 2017 being touted by Karl as the time frame for anything of consequence for MVIS and it looks as if he knew more about LBS than Tokman does today. I do feel we have come a long way product wise and haven't made step forward management wise. The product will carry the day in the end, which I continue to think is sooner rather than later, and because I have averaged down for years I am in decent shape going forward. Tokman never had the ability to move this tech to the promised land, so I welcome Sony and now Foxconn to the party as we need some friendly competition. Hang in there and we'll get our money fully returned with some nice to great profit.
Which is the reason we are where we are HAB. They know dam well how they could quell the shareholder unrest yet they continue to leave us throwing numbers out there willy nilly. This is willfully done by Tokman hiding behind the NDA nonsense to keep us interested but confused.
Obvious. He has the royalty number and he sees what sales are by what Sony is paying us. He knows that the numbers will be between 40% and 70% with increased sales. He is giving us what he knows is going to happen this year. The royalty payment is very low by the numbers he is giving us and he and Holt have those figures. The muddy part is not knowing even a range for the royalties. You have to trust his figures and I think many will be disappointed again. I believe he did what he could with a company desperate for money and needing a deal. Sony is world class and knows who they are negotiating with and the company's position. Looks to me as if they took advantage of the situation and cut themselves quite an impressive deal. I certainly could be wrong, but I have said that since the beginning. We will know soon enough. I remain long because I see a royalty o $1. to $1.25 and with 10% of the smartphone business we could be a $20 pps. How long that is going to take is anybody's guess.
Sony owns us. We survive or die at their discretion. We need Foxxconn right now, to take picop forward with a product or two of their own. Total access to the whole MVIS package for a crummy 8M up front and a royalty payment that looks like chump change to me at this point. All going to be resolved soon enough. Sony could of helped Tokman at any point and perhaps avoided the offering, but they didn't. The Japanese are great business partners and very honorable folks indeed. Very business savvy, so where are they? What is their game plan and does it include carrying Tokman around watching his execution for the nest 6 years or something else? Inquiring minds wish to know.