May 19 is the ASM, but you have to have held shares since the date of record...March 25, 2020. Last week or two doesn't count.

Company is majority owned by private shareholders, not 'stutes, so yea it matters a lot. That's why the CEO was whining like a little girl yesterday and imploring (pleading...begging...) shareholders to change their proxies. He doesn't have the R/S, and his dreams of continuing business as usual are in serious jeopardy. That's why the "selling a vertical" argument is huge this morning, several people are arguing for it...but when you spin off the only profitable part of a company for cash, what you're left with is very tenuous.

What's going on with ship?

It goes between .13-.16/.17 fairly frequently

Weird.

MVIS aside (which didn't start out that way) I've never played penny stocks. Don't you have to have several hundred thousand shares to make a .04 swing pay? Learned a lot about STCGs and brokerage fees lately

Just 'cause this is winding down, CSB. Uncle left school in the 8th grade to support widow mother and seven other children. Small WWII hero, of sorts, came home and launched a car dealership, got drunk, went broke, sobered up, launched another dealership with the only two makes anyone would trust him with in 50s/60s...Mercedes and Toyota

Retired with a 500 acre "ranch" and all the good toys in a poor county in NC. Put the $13M he'd earned/made on the sale of the dealership in tax-free municipal bonds, well diversified. At the time they paid 2-3%, IIRC. Filthy rich, huge income in the '80s and almost no bills or taxes. Amazing.

@Osprey61 thanks for the answer. That CEO getting fired would be a good start for them in my opinion.

I am not in like you are but I am in to high to sell right now.

I will be in for the duration I guess.

.04 on .13 is 30% (if work burnout hasn't broken my math skills)  which is impressive.  How much to invest to make it pay would depend on how big a fish you are.  $100 returning 30 makes beginners like me smile.

As noted, 30% is 30%.

But generally I don't spend more than $100 on penny stocks.

I didn't even spend $100 on MVIS.


My only goal day trading is to make ~10% a week. I'm not in for the 300% gains unless it's something like this thread or people I would otherwise know manage to convince me to roll the dice.

My biggest dilemma right now is how much to keep in NAK. I'd like to start taking gains on it but obviously it's gonna explode here next month when the Army Corps of Engineers finally makes their decision on pebble. I'd imagine Trump would push for it anyways but in an election year it's practically guaranteed. It's more important than even the minuscule chance Trump isn't re-elected which would let the Dems drag this thing out.

@osprey61

Given my ignorance of the nuances let me summarize the possible outcomes as I see them based on your comments and the articles:

1-Idiots in the MVIS c-suite can't manage to get a deal done and eventually go bankrupt next year and we longs get screwed.

2a-idiots in the MVIS c-suite cannot find a buyer for the entire company but sell a vertical and share the profits with the shareholders.  Who in their right mind expects this to happen, given the very low prioritization of the shareholder thus far?

2b-Same as 2a except the mvis c-suite thieves keep all of the money with the explanation that it will help them run the company for a longer period (yeah harder directly into the ground).  Leaves nothing but the crap tech that no one else wants but pays the execs for another year or two and screws the shareholders.  Only then they go bankrupt.

3-The mvis c-suite idiots don't get the RS and actually have to sell the entire company.  Some company with a brain buys it all and then sells the things they don't want or need to other companies like Tesla for the heads up display tech.  This new company does the spiniff deals with the most suitable companies for the tech that mvis should have been able to do if they weren't busy being thieves and idiots, not necessarily in that order.

4-the mvis turds get the RS and continue business as usual because they know they will never be c material anywhere else so why not bilk every cent out of the company and then go bankrupt?  No sale is ever inked.

So reading between the lines, you're saying wait for the pre-ASM frenzy and get out?

You've been very coy about not answering the real question....do you think a full company buyout will happen?   Can you answer that (don't worry, no one will hold you to it if it goes the other way).  You have the context of history here.  My assessment is that short of a full buyout, the longs lose all....how long it takes to lose it all depends on which scenario plays out.

Are you now saying that a buyout of the whole company is now actually the longshot?  When I heard Sharma mention selling a vertical yesterday I was like CRAP.

Thanks, I am still holding 75K shares.  I'm praying for a $5+ pps buyout and I've completed my homerun.  I'm just not sure that is possible any longer.  It looks like the MVIS c suite is complicit in the gaming of this situation or at a minimum using it to their advantage.

I for one could use some specific guidance with the full knowledge you could be wrong.

Slow but steady increase

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Yeah, wtf is going on here?

Headed out for groceries, but will answer back later this pm.

If you're pinning your hopes on a $5/share buyout you're gonna have a bad day.  (ETA: if a buyout happened, I think you're looking at 2-3 bucks a share tops)

If there's a deal on the table, they will be working like hell to finalize it, sign an exclusive agreement, and announce it.  Their goal would be to do that prior to the ASM for maximum value.  I'm not confident that's going to happen if they're pushing a reverse split as hard as they are.  

That said, there will likely be some kind of run-up during the interim.  More hype that may or may not be founded in fact.  I think this will lead to another run up.  In a perfect world they'll announce something in the short term, but most likely it will be rumors again, with people talking about an announcement at the ASM.

I'm not going to wait for the news again.  If there is another upturn, I'm going to take that opportunity to unload my shares to get as much out as possible.  I"m thinking that run up will happen next week, I have no idea how big.

That said, if anyone is following the action today, it's been on a pretty steady rise, and it's over $0.72 right now.

YOU'RE SUPPOSED TO PUSH WEBISTICS

Bought another 100 shares. If it goes up to $1.03 I can bail and break even

Take this with a giant grain of salt.

but might be fueling the rise.

Back down she goes. Lol

Nothing about that company ( when their stock was .25 a share ) is different now.....

The "big announcements" would have been made as soon as the deal was struck..... which in the case of MSFT was years ago

Classic pump-n-dump based on anticipated quarterly earnings and social media hype...…

At this point, since the earnings were predictable, and all the products/news are essentially 2 years old, all you are basing your investment on is supported by hype....

3 more stocks have pulled the same thing since MVIS tanked......hope you put some coin into them as well.

ETA: I'll buy some more at .201 ……..

I put a buy in for 5,000 shares at .60 but it was afternoon right when it floated above .60 and never materialized.

ETA:  just did 5000 at 77cps.  Fuck it, I'm a gambling man and I think something is going to happen positive VERY shortly.  Not in as a long long, but a run up to the 18th/19th.  We'll see.

I sold Royal Caribbean my last investment in my brokerage account because it was flat.  Mostly because of my entry point in the brokerage.  But I bought QQQ abd after the QQQ filled, I had $250 left so I bought 331 more shares of MVIS and now I'm already up 13% in 20 minutes.  I'm back on the needle.

That sat me back in my chair. It's getting a lot of exposure, I hope the author has a shit-ton of cover.

That discussion attributed to the MSFT CEO may have legal liability. This makes Malouf's little head-fake look like a puff piece.

The last person I knew that thought this would rebound was preparing to have an entire loaf of bread, and a gallon of antifreeze for dinner

LOL who's pumping this up this afternoon?  ETA...people putting a lot of faith in that todaysfive.com article?


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A puff piece to drive it down for a sale, huh?  Yeah, these guys play fucking dirty alright.

I'm trying to read all these releases and the psychology behind them...and place the pieces together.  That puts me in the position that I am, that we'll see some TRUE news here before Monday.  That's me speculating and trying to read these guys.  Problem is, they're a lot smarter than I am.  

Haha what a crap article nothing but speculation.  You can tell the author is a shill, he left out the rest if Mike Malouf's comment, bolded below:

Commenting on MicroVision's (MVIS) "significant" share appreciation, Craig-Hallum analyst Mike Malouf says he believes the primary drivers of this dramatic increase are speculation that the company's technology is in Microsoft's (MSFT) Hololens 2 and that Microsoft would be interested in buying MicroVision. The analyst feels that this speculation is significantly overblown in the stock price, as the assumption of MicroVision technology in the Hololens 2 is nothing new, and the recent sale of IP to Microsoft removes most of the buyout incentive."

That was a PARTNER at CH who said that in an "accidental" leak while the stock was doing well on Tuesday I think.  His ass should be sued in a class action by everyone who lost $ because of his nonsense.  MVIS didn't sell squat to msft.

He came back later and clarified he thought the company would be sold but not to msft.

I'm not sure what his angle for this unprofessional comment really was but this is the same company trying to sell the company.  It looks like MVIS C suite hired a broker with the expectation that MVIS C's would still be the smartest people in the room.  They succeeded it seems.

Wow, I'm all for buyer beware but whomever wrote that article put their name and reputation on that.  Crying shame.

But thanks for posting it.

I know, it's dangerous.  $6375 in at this point is nowhere near an amount I'd get worked up too much over if it goes bad.  

https://alphastocknews.com/microvision-mvis-stock-buy-the-dip-thank-me-later/3323/

I really don't know about that.  Of course never underestimate the mvis c's to snatch defeat from the jaws of victory.  However a buyout price would benefit them, so they might actually get that one right.

The value to msft would be the $600m net operating loss that is about $4-$5 a share by itself.  Then add the value of the IP and I say it will go for $7.50.  There has to be a premium above valuation for the shareholders.  CH would get sued if they negotiated a $2-3 pps and I'm not sure if the shareholders would approve the deal.

The author of that has been living under a rock, apparently.  That bit was written today, and none of what he's said/quoted is new speculation.

ETA:  Not saying he's wrong, and that it's not going up from here...just old info he's repeating.

After playing the put and making $920 in the last two days, I just decided to play a $1 call. Already made over $100 on that one today on the way back up. Haha. Why not.

I don't see much action in calls.  It might be going up, but there's not much excitement about it....but it IS all old news, so not surprising.

I did expect to see someone try to keep it above $1 to kill the reverse split, ASM isn't far off, so not sure that will happen

IMO the NOL value is overblown and there are complex rules around its use.   It's worth at most the corporate tax rate of 21%.   That's the actual savings to a company who uses it.  With the rules on use and limitations to US income I would guess at most worth possibly 50 cents on the dollar due to complexity in how its used over time.  

So from $600million -> $63million -> 48 cents a share


I am still holding but my expectations are limited. This is a 30 person company and they need millions to productize the other verticals.

A little higher the Corp tax rate is now 25% but I get your point.

I'm in for a deal whatever the price.

Grocery store on hold, so here it is...taken from a guy who thought he'd get in at .40 today

Every one of your scenarios is absolutely possible. One of my life goals was working for Boeing, it took a little less than three years for me to come in, clear my desk and hand my badge to the guy at the gate. As I discovered to my chagrin, the sociopaths who run corporations are capable of decision making that would shock Ted Bundy. I'm growing more cynical about people in general on an almost daily basis partially as a direct result.

I believe Sumit Sharma is quietly fighting the sale. It's his first CEO gig, almost certainly he doesn't want his CV to read, "Signed the handover docs.", but I think/personally believe it's because he thinks with time he can develop the company into a tech success story. His biggest problem? He took the helm exactly as shareholder trust bottomed - hit zero. And for good reason. If he can't develop some legal transparency, fast, he's in trouble.

Values:
The known value: Hololens II is currently a corp/mil product. A consumer version will come in head-and-shoulders above the existing tech, and more importantly with a months, possibly years head start on Apple, Facebook, et al. It's also an establish revenue stream...as in, we have a real product that is actually selling. Not vaporware, which is the basis of most p'n'ds.

The hidden value: the point you made about the tax value is absolutely true, and largely overlooked. In fact, nearly completely overlooked.

The delayed value: Fate hammered MVIS on the interactive display speaker. Mulligan had publicly stated the deal was done, and they were polishing the details prior to going forward. They used a specific term..."stopped". Suddenly, yesterday at the CC Sharma used "delayed". With NDAs you really have to parse words closely. I think Amazon pulled back, has assessed the Covid-19 situation, and is talking again. That's huge.

The undeveloped value: LIDAR is not unique to MVIS, but their product is well advanced and patented. If you didn't watch the second LIDAR video I posted a few days back you should. It's computer/machine "vision". Self-driving cars may never come to fruition, but TCAS for cars is already in work. It also has apps most people can't imagine. Home security light years advanced on motion detection and cameras. Fire recognition completely divorced from smoke detection. Unconscious elder on the floor who can't push LifeAlert and sure isn't talking to Alexa. It goes on and on.

Risks:
The insurmountable: almost everyone associated with MVIS is a snake, up to and possibly including MVIS. They had a "shelf" offering of stock sitting with LPC (Lincoln Park Capital) that was mostly worthless at .22, since it gets sold at a discount to that price. Suddenly they turn up with $9M in operating capital at the CC yesterday...hoorah! Did Microvision themselves orchestrate that billion share frenzy, and then knock the bottom out of it when they started dumping on the open market? At this point I wouldn't be surprised. We will find out, somewhere down the road when they're forced to file.

The herd: I had never heard of StockTwits prior to this week. Jesus, it's like 4Chan stood up a finance department. There is no investing, only betting. Yep, I started a thread to do the same thing, but it was intended for fun, forearmed with most of the relevant info - not jumping off a bridge because all your online friends are doing it (thanks mom!) They are conscious-less, unprincipled and ruthless. That most-probably highly-illegal pumping article today came straight from one of those little JDs down $40, I'd bet my lunch money on it.

The larger economy: we look to be on the mend from C-19, but the economic damage is huge and no one can predict the fallout. Amazon is very risk-adverse, apparently they've backed out on other partners without a backwards glance.

I'm going to ride my 15K @ .08 to the conclusion, because I think the shareholders are fed up and will force Sharma's hand. I also intend to get in as cheaply as possible and start rinse and repeating, because I've been a fool for 14 years not to have taken advantage.  Does that help?

Very much, thank you.  You and I can armwrestle for who gets to shut the lights out on mvis's last day.

It would be interesting to know what is really going on behind the scenes with talks, who is at the table and what is being offered.

Given MVIS's inability to do anything right I would buy them if I was msoft and then sell off the parts I didn't want.  Heck it might even be worth buying it and killing products that you don't want your competition having.  It is the 1960's would you sell Russia the technology to get to the moon or keep it from them and set them back a few years vs your program?

I think whatever happens will be quick.  I'd love for some info to leak, catch the short jerks in a pinch that feeds the price up to $10 a share and then a deal be inked for $2.5 a share.  Provided I sold at $10.  I would love an uncontrolled short fed frenzy.

In fact one of the reasons I bought a few shares today is that my etrade has the best notification function and I set that bad boy to notify me each time Sharma farts.

Oh and let me say that I work in a fortune 30 company that was led by perhaps the world's best C suite management.  I've literally sat in on the CEO and CFO calls and was in awe.  Sharma would be outclassed by some of the analysts on my team and has no business vacuuming the C suite....let alone commanding it.

Screw that guy.

Thanks for the answer let's hope the Lord has mercy on us and this presents a once in a lifetime score for us.

If it helps, once the drama cools down MVIS has gotten very range bound in the last year or two. Best explanation was MSFT slammed an NDA on them that threatened hell and brimstone if the H2 secret sauce got out.

It'll literally trade in a ten cent trough for weeks, and sometimes months at a time like that...and then on no news whatsoever begin to move, mostly because they do leak like a sieve to their friends and business interests on smaller announcements, dilutions and sundry other business. Long shareholders have bitched loudly to the SEC because almost like clockwork an announcement will follow two days later.

These aren't normal times, so history may not be the best indicator here. Boeing used employee "windows" for stock buys, wish MVIS was more forthcoming about theirs. No idea what the restrictions are, but when the insiders start buying on the open market it will be pretty much a lock. Their buys have been few and far between up to this point.

I'm ashamed to admit I made another 140 bucks on this crap today.....

MVIS is like a bipolar hot MILF that can't hold her liquor.... with tan lines, nipple rings, nice feet...…..and is lookin for a ride...…….you know nothing good will come of it, but you can't just walk away

I'm having too much fun with this... bought 3600 shares @ .66, set to sell at .70 if it dips to that again.

Oh no it got you too.

Already made $1,200 on the first run up... I got in at $.26 but didn't buy enough

I always miss the beginning of good threads.

You should get some SHRMF stock. We can laugh when we lose all the monies on mushrooms.

Cant find it on the robinhood app.

Really surprised not more people are playing options on this.

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Probably a total scam. But those make money sometimes.

Boy stocktwits and reddit are abuzz with the whole Tiesday rumor.  The same article posted above.

I wish I had put my money right back into the stock this am.  I could have made even more.  It will go up again until oh say Monday at 2 pm on this rumor and then whoever wrote this article will pull the plug and send it back to 50 cents.

For the love, do people not have a conscience any more.?

So you're saying I should drink more?

I won't be responsible for anyone's personal decisions, but H.S.Thompson has always been my guiding light...

"I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me."

I'm doing this......

Anyone want to explain puts and calls?  I have no idea how these work but have seen a few posts on them.  

FWIW, I play with  a small RH account,

Options trading basics are explained here
RH does allow for options trading but you have to pass their “quiz” to unlock it. I’d certainly do some research into proper strategies before playing with options.

I did. 10 contracts for the 5/15 1 call. Bought @ 0.02 and got out mon @ .31 ea.