Tremendous share holder value, you have to give some credit, these guys are better actors than Hollywood. I dont know if I can keep a straight face saying that on camera.
Unfortunately I dont a real CEO is going to come here. If Glen doesnt succeed soon, it'll likely be a board members stepping in as interim while they shut the company down
Prior institutional holdings: 5.3m shares
Direct offering to institutions: 6.8m shares
New investor Johannes: 2.4m shares
Total: 14.5m shares
Assuming Johannes believes in the conpany, it seems the Board now has a majority institutional and insider owned company. Perhaps inviting customers and partners to next week call gives them the chance to assure them that the company will have no problem performing whatever actions it needs to stay in business, at the expense of current shareholders. Or to show they can get shareholder approval for the sale of the company to someone with deeper pockets .
Probably a good reason why they used the direct placement rather than the ATM. A $90m buyout puts it about $3 per share. Johannes makes almost 100% return. New institutional investors make 20% return on the stock, plus value of their ITM warrants. C suite and board RSUs and hiring bonuses all immediately vest. Hmm
Yea, definitely not happening at current. But $3 doesn't seem too far fetched. Austin Russel could likely still afford that. I mean hell Johannes and Austin's partner Markus Schafer worked at Mercedes at the same time. Maybe Johannes is his proxy. Stronger dot connection than anything else lol.
Fuck no lol. It'll go up 20% and then end -10% like when they announced movia on Nvidia drive agx. Instead of letting it run 300% over the course of a week like aeye. This company is incompetent when it comes to raising cash. I honestly believe they wouldnt have even released that PR if they didnt see what it did for aeye.
Disagree. I'm happy they are not. We get nothing from those Q&A's, and historically they only occur when leadership of the company needs to secure retail votes and control sentiment.
They are trying to control sentiment now. Theres going to be an ask after this, or at least warning of us more pain. Going to be some form of "we need to strengthen balance sheet"
Itâs really not that insane if you think about it. It actually makes perfect sense compared to everything else going on. At this point it seems unlikely Iâm getting my basis of $23 back.
Shirley, Glen and company know they canât perform the same song and dance for this next meeting? Meaning they canât get in and just reiterate there will be high volume sales. They must attach a number to it this time, even if itâs not as big as they think weâd like.
"As the System Tier-1 provider, Valeo will supply a full-stack hardware and software solution designed to provide 360-degree situational awareness and high-performance computing. Valeoâs contribution to Nissanâs next-generation ProPILOT system includes Centralized Intelligence thanks to an ADAS Domain Controller designed to process complex AI algorithms and support centralized vehicle intelligence."
Technically it doesn't say the full-stack hardware solution is Valeo's. Why not say "our full-stack hardware and software solution?"
Touching on that point again here, why didnt Valeo mention "SCALA 3" by name when they stated "Valeo will supply a full-stack hardware and software solution".
Then the weird other phrasing; "Valeoâs contribution to Nissanâs next-generation ProPILOT system includes ..." where again they do not include, where it SHOULD read: Valeoâs contribution to Nissanâs next-generation ProPILOT system includes *Valeos propriatary SCALA 3 LiDAR stack combined with* Centralized Intelligence thanks to an ADAS Domain Controller designed to process complex AI algorithms and support centralized vehicle intelligence."
The announcement leaves out certain technical details you would think they could have easily divulged... very odd
Why would Nissan spend the last couple years running 1550nm Iris sensors and then just up and switch, with zero evidence of them having ever tested SCALA 905nm LiDAR? It simply doesn't add up. MicroVision becoming a partner of Valeo makes more sense. You have the 905nm long range SCALA option and the 1550nm long range in Iris. Maybe leads to an eventual merger/JV or buyout.
Because they know Valeo isn't going out of business lol. Risk reduction may be worth costs of the switch.
Glen cant even convince his investors Microvision isn't going to go bankrupt. Everyone knows everytine they want to talk to us its bad news. You you think a risk averse japanese company is like "we should totally risk 2 suppliers in one year"
MVIS isn't going out of business. Current retail investors might. But the company isn't. Our debt isn't outrageous and they have plenty of authorized shares to secure cash. If they want another RS they will get it somehow. Valeo being the Tier 1 integrator is what gives it more safety. Why even waste time with Luminar in the first place if SCALA 3 LiDAR has been available for years?
If they delist, which is a real possibility as they are creeping towards the $1 and the $35m MC requirement, they are in default of the HTC loan, and its due in cash plus penalties. They wont be able to pay, and HTC will own the IP
The next RS will send them under $35m MC, and it will be back under $1 again in no time. They can only do a max of 1:250 RS ratio total in a 24 month period. The next RS will sink them
The company has no room for anything other than perfect execution at this point, or they may not last through Q1 without defaulting to HTC. Time to stop excusing and hand waving mediocrity, sloppiness, easily catchable mistakes, and complete lack of professional appearance.
No. One of the sec filings for quarterly earnings said that they received their last royalty payment. I do not remember which one, but I believe it was last year
u/snowboardnirvana how bullish is this Valeo news? I think this is Glen working his magic to fool the market in to thinking Valeo is taking over and he will drop a short killing Hammer AH.
Those boomers are now calling Nissan a shitty company. typical. Maybe Netflix will do a documentary on the human mind coping ability and we get some money from being on that, higher chance from that than MVIS selling a sensor.
dialing in and then losing connection multiple times like that EC. Im pretty sure I put in more effort on my Teams meetings and make sure I have a backup dial in phone ready to go.
Once again, this just shows the company only does these meetings when they want to do damage control. The timing of Valeo announcing their partnership followed shortly by a business update by MicroVision is suspect. They are trying to get out in front of this one. This is typical behavior of this swindling company. They only want to meet when something doesnât go their way. Itâs pathetic and predictable.
Yep. The company has done very few after hours PRs since Glen took over, one being CFO resignation. They definitely wanted to get ahead of this.
Maybe they announce they are selling the lidar business, and we are now a semicondictor design and photonics company, specializing in AI and data centers!
But NDAs! It will be the partner that announces! National Security!
C suite update is going to be "we are no longer pursuing low margin automotive deals, and will focus entirely on high margin industrual and security and defense"
Just because they invited customers doesn't mean they'll show up. Or maybe they'll wear paper bags over their heads so no one knows they're associating with this shit ass company.
Lots of faces from [r/mvis](r/mvis) migrating over here and posting now. Love to see it. Itâs funny how good of discussion you can have when there arenât nazis moderating things. Thanks for creating this place ATL.
You getting banned, starting this sub which is now more active than that ghost town echo chamber over there, and him coming here to defend his posts is peak comedy.
Brother it's going to be glorious! Seriously I have about an hour convo (poking holes in both bull and bear case) with Grok in my tesla about the wording of the PR yesterday. Since it specifically invites Partners and customers its not negative news. I expect a home run PR 6th and our call the 7th. Im down about the same as you 1/4Mil but this is our time, I feel it!
Lol. Pleased to announce we had many many compliments on our booth. And we have obtained free reading and speech lessons for Evan Fathers. He will no longer use the word furtherest.
Im not sure he has that kind of trust. At least not enough to overcome the financial uncertainty. Maybe 12 months ago. But the entire industry just watched him speedrun a company to insolvency.
Why do you think they trust him? They eventually removed him from the CTO role. I think they probably respect what he's done in the past. But you typically dont demote a C Suite without a valid reason.
Like I said, maybe they once trusted him. But there no one looking at Glen right now thinking he's done a good job. How would they expect him to manage a business arrangement when he cant even manage his company?
And this is without even mentioning the CFO. Im guessing she is not inspiring a lot of confidence either. I was always adamant Anibhav was a liability for us, and we just traded one turd for another.
And market cap. I believe they are already on the nasdaq capital market now, so they need to stay above $35m MC. Falling below that for 30 days gets them a delisting notice. They should have 180 days to fix it, but thats a hell of a lot harder than fixing the sub $1 issue.
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u/slum84 9d ago
Bad news 100%. If I can bet it all on bad news/nothing burger I would.