It's a tough decision. I let mine ride. I think it breaks $30 tomorrow. FOMO has kicked in. There look to be only 30,000 shares left to short and a shitton/220,000 of call options in the money.

https://amc.crazyawesomecompany.com/

volume of 1K for strike $1 at $13.80. It had hit $15.15 on volume ONE.  Guess that is a $1.3M buy but it's a pretty safe bet MVIS will be over $14.80 before 2022.

Im going to do some reading tonight, may let it ride. Seeing alot of folks online waiting for their pay check tomorrow to buy more. Perhaps FOMO continues a bit.

Sounds very familiar to our thoughts on a certain other ticker

True, true..    

My 15,000 shares of Mvis would be happy with a similar run

Wrong index; that's mid-large.  The "MSCI US Small Cap 1750 Index" looks closest, and it is much smaller

  Mkt Cap ( USD Millions)
Index       3,867,310.09
Largest         15,082.95
Smallest              34.51
Average          2,256.31
Median           1,567.74


I see a number of ETFs that track this index, ishares, vanguard; will these ETFs rebalance to match the MSCI index?

You won't find one under that name; it's not a fund, it's an index.  MSCI makes up the index, then mutual funds/etfs with a similar investment strategy (investing in or have exposure to micro cap stocks) either use that as a benchmark to measure against, or will try to replicate that index.  

Take the S&P500 for example.  You can't trade the S&P500 index - the "price" quoted is just an ongoing mathematical calculation taking in to consideration the index as published by Standard & Poors.  You can trade futures contracts or options on the index $SPX (which are derivatives that use the index as the underlying "asset" to measure the value of the derivative contracts), or you can trade vehicles like mutual funds and ETFs (like SPY and VOO) whose investment strategy is to replicate the S&P500 index.  You can't "buy shares of the $SPX" though.

In other words, the S&P500 is recipe that several funds choose to try and replicate, or that is used as a benchmark to measure performance against.  

The potential upside to MVIS longs is that by being included in an MSCI index, funds that try to replicate the MSCI "recipe" will now need to purchase MVIS to try and have the same recipe (doesn't have to be exact though - investment managers can over or underweight, or even exclude in some cases at their discretion.)

Unless it is MVIS tying up loose ends pre merger.  I've been a grunt on several m&a and they would want us to have routine filings that could be done completed pre-merger.

I hope anyway.

These are 5 minutes candles. Big volume last 5 minutes of the day / first 5 minutes of AH:

Attached File

Sorry, nothing to see here.  Companies subject to Form SD reporting are required to file each year no later than May 31.

Remember this one?   I am still (bag) holding.   Who else?


Iterum Therapeutics shares rise after sulopenem NDA update
May 27, 2021 5:09 PM ETIterum Therapeutics plc (ITRM)Iterum Therapeutics plc (ITRM)

   Iterum Therapeutics (NASDAQ:ITRM) announces that the U.S. FDA has determined that an advisory committee meeting is not currently necessary for the company's new drug application (NDA) for its urinary tract infections treatment sulopenem.
   Shares up more than 11% post market.
   The FDA's decision was regarding the company’s NDA for sulopenem etzadroxil/probenecid for the treatment of uncomplicated urinary tract infections in patients with a quinolone non-susceptible pathogen.
   The review of the NDA is ongoing and the company was informed that the health regulator continues to work toward the PDUFA goal date of July 25, 2021, Iterum said.
   The company had disclosed that the FDA needed additional time to

ITRM
Still Red🥴

ITRM,

Still holding and waiting.  Seems it had a nice after hours pump.

Will be interesting to see what tomorrow brings.

I dont have anything to throw at anything right now so just been checking every other day.

Minershroomstonk news today was LOL worthy.

Wish I hopped back on AMC when i was sub-10 but too late.

Not backing out of anything right now to put to AMC stonk.

Hoping to see ITRM move more and wait for somebody to kick SENS.

@RatherBeLifting

How are you reading the Riot and Mara stocks.  I'm trying to find an entry point.  It looks like they're rebounding off of a substantial slide but the crypto still look pretty shaky.  I'd like to know what you think.  PM me if necessary.

Why can’t I put in a sell order of mvis on RH?

Do they do after-hours trading?  Some places don't, or they have smaller windows.

🙂 Tomorrow will be a great start to the weekend.

Honestly, I’m watching them but I’m not playing them now.  I got burned on the drop.

Let me look a little more closely tomorrow and I’ll let you know what I think.  A couple of times I’ve kicked myself for not buying puts or calls.  There’s just so much instability right now because of crypto.  They are starting to get close to their pre-crypto price without crypto getting close to the high.

@cmsnare, this is an interesting take on Brian T's incentives (off R/MVIS).  Does it pass the sniff test?

"There are only two reasons to exercise the second batch of options that have a year to maturity: (1) an upcoming one-time dividend (as you state) which is only paid for shares owned, not options; (2) for potentially better taxation treatment - on NQSOs for Directors, the difference between the strike price and the closing price on the day of exercise is "earned income" even if the options are not sold. Exercising early, when you believe the stock price is going up very significantly, minimizes the earned income taxation and starts the clock for capital gains tax (the increase in value after the exercise date).

Reason #1 above supports my theory of a one-time dividend coming very soon for the sale of a vertical or a very large strategic investment. You can look up my prior post on this a few weeks ago.

It is extremely bullish that he exercised the 15,000 options early and did not even sell enough to pay the income tax on the earned income (most people exercising to hold shares do sell enough to pay the income tax liability due to exercising)!"

Attached File


https://microvision.gcs-web.com/node/16191/html

How up to date (current) are the “current index details”?  Does it include the MVIS purchase?

If truly current, 260k MVIS shares minimum is not on par with some of the big institutional holdings but certainly not small.

Yes, tomorrow will be interesting if the market digests this info in time for it to all play out.

We’ll see.

Mechanically, the statements about needing to own the shares to receive a dividend, tax treatment after exercise, and the need to pay compensation income on the spread between exercise price and FMV at exercise are correct.  I'll refrain from implying any significance to them, since it would only be speculation.

A couple of other mechanical pieces that I'll add:

1.  Stock options issued as compensation don't "mature" as the poster said, they simply expire and become no longer exercisable.  Any intrinsic value (stock price > option strike price) would simply be lost if they were allowed to expire.  Since these were 10 year options (from grant date to expiration, they vested after 1 year per the Form 4), the expiration was closing in, and since they're in the money, it isn't a surprise they were exercised.  Timing could be attributed to many things.  For example, it could be that after meeting with his tax advisor, they deemed he could account for X of income tax this year, and that is why the extra options were exercised (he pays the tax whether he sells the shares or not).  The interesting part to me would be why he wouldn't have exercised when the stock price was lower (his strike prices really aren't that high given the average price we've seen recently).  In fact, his 2012 grant was underwater for most of its existence.  The point is, if his goal was to minimize taxes, he may have exercised sooner.

2.  Since there was no sell to cover (in fact, it's possible that he was legally prohibited from selling to cover tax or exercise costs, see #3 below), he had to pay the strike price of the options in cash - by my back of the napkin, $63,450.  The MVIS equity comp plan allows for a share swap, where shares owned for at least six months are turned into the company in sufficient quantity at fair market value to "pay" the exercise price.  However, when this is done, the beneficially owned share count would only increase by the intrinsic value amount (the shares received after exercise price was paid), which does not appear to be case.

3.  IF he paid cash, this exercise could be a little more interesting because of the limits on insiders (which a BOD member is) trading while in possession of material non-public information (like an upcoming dividend or other corporate action).  Some equity comp plans/insider trading policies will allow an insider to exercise a vested stock option by paying the exercise price in cash (or do a net exercise, which didn't happen, so I won't elaborate on what it is) during a trading blackout period, but the insider must hold the shares.  We saw that Sharma and Holt's recent sales were done with a 10b5-1 plan, but that wouldn't be needed for an exercise for cash and hold during a trading blackout, assuming the compensation plan and insider trading policy allowed for it.  What may be causing that blackout, if it exists at all, after an earnings call and ASM, could be up for debate.

As always, please do your own research, I'm just a moron with a keyboard.

So if they do pay some type of special dividend, will that be automatically reinvested if I have my TD and Vanguard set to reinvest dividends? Or is there something different with this type of dividend?

Best way to find out is to call your broker.  In general though, special dividends paid in cash are not eligible for automatic reinvestment.  You could turn around and buy shares with it, however.

As for reinvestment, special dividends follow the same rules as dividend payments.

The main difference is that the issuance of a special dividend becomes a taxable event immediately, even though reinvested.  Taxes in special dividends become much more confusing than standard dividend payments, however.

EDIT: follow cmsnare’s advice, call your broker.  I’m pretty sure Vanguard maintains it as a reinvestment but it’s been a while since I’ve verified (most of my holdings are in Vanguard).

Couple thoughts here:

Unless shares paying dividends are held in a tax sheltered (IRA, 401k etc) account, ALL dividends are taxed in the year they're received, whether or not they're reinvested.  Special dividends can have some impact on your cost basis because the funds may be classified as a return of capital from the company, long term capital gain/qualified dividend, or short term capital gain/unqualified dividend.  The company paying the dividend will indicate what portion of the dividend is attributed to each bucket when it pays the dividend.

Dividend reinvestment eligibility is based on the broker - they just collect the cash for all share holders and whomever has told them to reinvest, they go out and buy shares with those funds, then distribute the shares proportionally to accounts.  It really doesn't have anything to do with the stock, it's whether the broker where you hold the stock offers that service for that security.  Additionally, if they do offer it for regular dividends from a security, will they also do so for special dividends?  Some will, some won't, which is why the only true way to find out is to call your broker after a dividend has been declared.

Now, a DRIP (Dividend ReInvestment Plan), is done directly with the company (rather than your broker buying the shares on the open market), and is different entirely.

Thank you, I was off base.  

For the guy asking about the reinvestment specifics for Vanguard @jmhat98 follow this link.
https://investor.vanguard.com/investing/brokerage-dividend-reinvestment

You would have specified at the time of opening your brokerage account as to how you prefer your dividends be distributed.

Pay attention to the “or” of the second bullet point below.  I’m curious as to how that would play out if while doing a vertical sale and issuing the dividend, then shortly thereafter announcing a merger for the remainder of the company. I guess it all depends on the timeline and when everything is inked, but I don’t know.

Can we pin this topic? Lot of $ has been made here.

So what have I missed? I been at work this evening whats all this talk of dividends etc.?

Just contemplatin' and speculatin'  Nothing to see here...yet.

They announced the buyout.  Share price spiked up to $500 for about an hour and then sold off back to $15 range.

Hopefully you got out like the rest of us and made your millions.  We're going to close the thread now.

It will get better, I just need my coffee.

Here is how I see it - and someone correct me if I have it wrong.  Yesterday, a form 4 was filed for Brian Turner (BOD) that he exercised a bunch of his options.  The part that many are latching onto is that 15,000 shares worth don't expire until next June.  Additionally, when he exercised he did not sell anything to cover taxes, or to pay the strike price.  So he had to write a check, and by cmsnare estimation just covering the strike price was roughtly $63.5k.  

Because of this exercising of options there is not speculation that there may be some sort of a dividend coming in the near future.  I am going to quote a post by cmsnare because I think it is a really good post by a knowledgable guy, and there is lots of good info there.  Also, my Adderall hasn't kicked in yet this am and I'm not in full comprehension mode just yet haha.



My takeaway from browsing here, reddit (briefly - still going thru it there) and gator traders last night is that this move my Turner is viewed as very bullish and many are thinking it means a dividend is coming.  

Thanks

Decent pre-market rise, but no volume.

Attached File

A little addition to this.

Over the last ~10+ trading days MVIS has seen a significantly higher trading volume over all, over the other five comparable players in the LiDAR game.

I see this as a positive, even minus the “meme stock” attention we’ve had over the last few weeks.

This is a good indicator.

Im betting it will take off a bit eight to eight thirty. What do I know though

$16 close today would be nice.

Today is the day, I can feel it.

I'm bulging with anticipation.

I’m ready.

Did the Queen actually pull the trigger? Where's the ear pro?

Cobwebs?

AMC in the $35 range.  Crazy volume 85M already

Note: I've have a total of 19 shares

Dilly Dilly!

I am weak.  Bought 500 shares of AMC at $12 and sold at $34.  Call me paper hands, but I like profits and haven't seen many in a while.

Why is MVIS almost at 17? was there news?

I ain’t mad at ya.😎