And they have fed themselves well on our money and produced nothing for retail investors, and I mean nothing. Put this tech in the hands of competent folks and reap the rewards it is bound to have. Tokman is the horse you lead to water and can't make him drink. Tie compensation to stock price performance and see how fast he makes himself wealthier, instead of handing him half a Million a year. Make him work for all of us.
What they are trying to do is adding insult to injury to retail investors. I wouldn't mind a management change. Write the BOD and vote no.
Send them a message, I have. Let them know we want a change. At the very least we will not stand for more easy money handouts.
No more authorized shares until pps hits $10. Make them work for us for a change. Compensation tied to performance, not so hard to understand. Retail has paid all the bills and management tanked us 30% just a few weeks ago. Let them work for the buddy money. Let us see some pps appreciation for a change, yep $10 and then we'll consider it. I won't vote for it.
Yeah, that's great, but last September when they started their road show to attract institutions we had over 18%. Don't want to say Tokman sucks at this, but the numbers don't lie.
Come on guys, it was first and goal in his mind in 2010. The man has no concept of what it was going to take to get this up and running. There were plenty of folks who told us as much and were right on target and Alec dismissed them. He pumped this with all the names he knew would attract investment, all the while saying NDA's were keeping him quiet. To easy to work around the NDA's and give investors more to guide us, but he didn't and won't. He knew the whole time what was going on and kept it quiet to keep the doors open until he could finally establish this as a business.
I'm also reasonably certain that it was Sony who came to him because they realized the patents were here and they could use them for a song and be in a better position eight years down the road when the patents start to expire. I am anxious as anybody to see this play out and hope I break even. After the last CC it looks to be a long way off and only added to my suspicions. Yes, we have product on the internet in limited supply and yes we are moving forward. There are movers and shakers in this world and one thing is for sure, Alec Tokman is not one of them. We need a salesman, a good salesman, and turn the rest over to qualified people. I hate one man bands.
He did a good job, but I feel the same computer. I have turned a lot of friends into MVIS stockholders and at one time we had over 300,000 shares. I know it isn't nearly that much now and several have moved on. Kind of embarrassing for me.
About three. Soon as I figured out Tokman's abilities. Did the same with Boeing only I dumped at $96 and bought back in at $32. Bought GLW at $1.42 also and that is how I came across MVIS. I just didn't realize how bad management was at the time.
The most benevolent shareholders I have ever seen. Always willing to settle for the next year line that Tokman peddles.
You folks have to start to thinking clearer. Niche product with limited market. We need volume sales. The numbers he gave us in the last CC said we are selling at a loss. Our loss for the quarter went up, not down. If he doesn't have enough business to keep the line running all the time at a good clip we are losing money on every sale, just like the ShowX. His business model hasn't changed in the last 7 years. Nobody is going to sign with us until they get a good look at the numbers and figure out what Sony is paying us and they will figure it out, you can take that to the bank. Hence, Sony will get all of the business since nobody wants to go up against Sony, they need Sony more than they need to do business with MVIS, get it? Non exclusive doesn't mean diddly as I see it.
I watch your posts and emails to Dawn. I see she is as non committal as Tokman. I agree with your general assessment of where we are. I am not nearly as convinced of Tokman's abilities. The big question is what we get from Sony. It is .50 or $2 a pop. That is what everyone is waiting to see and he can't not give us some numbers to work with. Those numbers will dictate the pps movement and tell me if we can get other OEM's signed or work under Sony's thumb, and are we working for peanuts or ice cream. Never had such a lack of information to work with from any company I have invested in, in all my 74 years.
You're misleading everybody elect, the consensus is -.08 not .08. and I thought we would beat last quarter. Tokman is certainly a surprise, isn't he?