Monday, April 23, 2007

 

Position Updates: MVIS

Fuck you shorts, you're dead.

Microvision Secures New Contract To Develop Laser Projection Display for a Commercial Transportation Sector Customer
Monday April 23, 8:35 am ET

REDMOND, Wash.--(BUSINESS WIRE)--Microvision (NASDAQ:MVIS - News), the leader in light scanning technologies for display and imaging products, announced today that it has entered into a commercial product development contract with a world leading transportation sector systems integrator. Details of the contract were not disclosed for competitive reasons at the request of the customer.

Under the agreement, Microvision will work with this world leading system integrator to initially design an innovative projection-based display solution for an aerospace application based on Microvision's ultra miniature laser display projector platform.

"In 2006 we defined and implemented a common technology platform strategy which resulted in a flexible display engine, PicoP(TM), that can be leveraged into many high-value applications in the broad transportation market segment," stated Microvision President and CEO Alexander Tokman. "Our unique display engine offers many inherent advantages, such as improved safety which is the focus for this specific program. Increasingly, prospective customers are endorsing Microvision's display platform strategy and we are thrilled that it is resonating with our partners focused on commercial display applications."


# posted by Broker A @ 8:43 AM
Comments:
Nice! Anyone know what the short interest is now?

-DT
# posted by Blogger Dinosaur Trader : 8:53 AM
 
bend over shorts
# posted by Blogger Jeff Johnson : 9:03 AM
 
I will short if we hit $5 today. Good luck suckas.
# posted by Blogger matte351 : 9:14 AM
 
bend over newequity
# posted by Blogger Jeff Johnson : 9:17 AM
 
New Equity--

Go fuck yourself.
# posted by Blogger Broker A : 9:24 AM
 
will you be adding more to your position any time soon?
# posted by Blogger Unknown : 9:36 AM
 
Fly Fly Flee Fly Flo

****MVIS****
# posted by Blogger Jeff : 9:39 AM
 
no. I have a full position.
# posted by Blogger Broker A : 9:40 AM
 
I sold my MVIS into the news this morning, for a 20% monthly gain.

Mgmt told the world at CES to expect a cell phone deal by summer. So when they finally announce a deal, the stock will be bid up because mgmt did what they said they would do?

I see it differently. My guess is MVIS won't announce a major cell phone deal until after the registration statement for the last private placement is declared effective. Then the institutions who bought that discounted stock will be free to sell. So, the retail smucks who buy MVIS on a cell phone announcement will provide liquidity for the institutions who bought in the last private placement. After the PIPE guys are done selling, the stock may lift again if investors like the the economics and extent of the opportunity.

I'm just a lowly maggot, who started my life in a pile of goat shit.
# posted by Blogger MaggotAtBroad&Wall : 12:06 PM
 
What are PIPE guys?

Is ther a date for the last private placement?
# posted by Blogger nncoco : 12:19 PM
 
A "PIPE guy" is an investor in a private placement of a publicly traded company, usually a hedge fund. A PIPE usually takes the form of either a convertible security or straight common stock often priced at a discount to the prevailing market. The stock isn't freely tradeable until it's registered with the SEC. The PIPE investors usually demand in the purchase agreement that the registration statement be declared effective within a specified time after purchase (usually 120 days).

The registration statement is either a form S-3 or SB-2 on EDGAR. A form 424B3 on EDGAR let's you know the registration statement has been declared effective by the SEC and any stock listed on it is freely tradeable.

The most recent S-3 hit EDGAR on March 21. So if all goes well, the registration statement should be declared effective before the end of July.
# posted by Blogger MaggotAtBroad&Wall : 1:28 PM
 
I just pulled up the S-3 and realized they didn't do a private placement this time. It's a shelf registration. That means they haven't sold the stock yet. Once the shelf is declared effective, any securities sold off of it will be freely tradeable from the date of effectiveness.

Sorry about all the confusion.

I'll go back in my pile of goat shit now.
# posted by Blogger MaggotAtBroad&Wall : 2:04 PM
 
Thanks for the clarification.

I have been burned by these before as new supply dilutes my shares on the open market.

Do you see MVIS in danger of this?
# posted by Blogger nncoco : 2:32 PM
 
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