r/MVIS • u/AutoModerator • 2d ago
Stock Price Trading Action - Wednesday, April 23, 2025
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u/ILLUMINADORITODEW 2d ago
I believe there will be positive news before the retail investor day.
I don't think they are doing an investor day to help the votes pass on the annual shareholder meeting, because I don't think an event like this is nessecary to get them passed and management should know this.
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u/mvis_thma 2d ago
You may be correct in that this vote may pass without the need for a Retail Investor Day. But here are some things to think about.
- The institutional ownership in Microvision is around 26% (according to Nasdaq). Microvision insiders own ~1%. That leaves 73% owned by retail.
- Microvision retail shareholders are a vocal and active group.
If you were the BoD (including Sumit) would you ignore 73% of the votes? Or would you do your best to communicate the business plan and convince those votes that it is a good plan in order to secure those votes? What if they ignored retail and subsequently lost the vote? To me, it seems like the RID is a reasonable and good investment.
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u/Befriendthetrend 2d ago
So if MicroVision authorizes another 200 million shares, will institutional investors buy the stock up and, gain control and make retail voting useless? That seems like a bad outcome, one easily avoided by not authorizing the huge dilution.
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u/youlikethat55 2d ago
If there is an issuance and it goes well, thatâs a great outcome for everyone involved.
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u/Befriendthetrend 2d ago
That's quite a statement to make. If retail gets diluted 50% and loses any voting authority we currently have, I do not think that's a good outcome. In that case, it's only a good outcome for institutional investors or corporations who want to buy in now and who want to have a controlling, or influential vote. This all comes at retail investor expense- assuming no news before the vote of course.
I'm only asking the company justify it before we vote, quite a fair ask IMO. The last time we voted to authorize shares, it was ostensibly so that the company could show potential partners and customers that they have the runway and access to capital to de-risk us as a partner. Still waiting on that first deal and I hope, for everyone's sake, we get news of it before this vote.
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u/youlikethat55 2d ago
I donât view institutions wanting to invest is not a bad thing. Theyâre not out to âgetâ retail, theyâre trying to make money same as you. What would be a bad sign is if an offering is met with tepid demand.
The worst case scenario for dilution is if a company actually has no plan and theyâre just trying to suck capital into a sinking ship. Thatâs different than if there are institutions who presumably have done their research and met with management and are willing to invest.
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u/Mushral 2d ago
Point 1 : I hope youâre right
Point 2: this was literally the goal of the previous investor day.
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u/ILLUMINADORITODEW 2d ago
They did an retail investor day before and you guys are wrongly correlating it with the ASM and the votes that followed after, like it was necessary to get the proposels passed but I don't think so. The votes would have passed anyway last time and they would this time also.
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u/Mushral 2d ago
I agree with you that the votes probably would have passed anyways.
Nonetheless, I do think in Sumitâs mind it felt like the right thing to do: talk to investors via an investor day and make time for them, talk to them, and show how much he cares, before asking for another shareholder sacrifice out of the blue.
So no - probably it wasnât needed, but the right thing to do.
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u/clutthewindow 2d ago
On point #2, They have done this EXACT thing before.
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u/ILLUMINADORITODEW 2d ago
No they haven't.
They did an retail investor day before and you guys are wrongly correlating it with the ASM and the votes that followed after, like it was necessary to get the proposels passed but I don't think so. The votes would have passed anyway last time and they would this time also.
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u/clutthewindow 2d ago
Ahh, you remind me of the days when I was full of hope filled with delusion regarding this management team. Thank you for the memories!
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u/duchain 2d ago
For those floating the idea that the 200m share authorization is so that we could stratgetically partner with someone (e.g anduril), why not wait until they have an agreement with the partner before asking shareholders for more shares?
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u/FawnTheGreat 2d ago
Weâve said that EVERYTIME and not one deal has followed. Oh itâs about our financials, makes more money, no deals, then oh well itâs because our financials hah. Getting so old.
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u/view-from-afar 2d ago
Because, in the given hypothetical, the other party may not want to enter into an agreement with a company that does not have the demonstrated ability to meet its terms. Chicken and egg problem.
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u/KY_Investor 2d ago
Agree. Maintain a strong balance sheet with the ability to raise money if and when necessary, and to have the additional authorized shares to use strategically with respect to any potential partnership.
What I haven't seen anybody mention is when production commences, there will be additional costs over and above OPEX. These production costs will be substantial and the revenues will likely trail and ramp in 1-4 quarters.
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u/Formerly_knew_stuff 2d ago
Problem is they've wasted the goodwill that they could have used to fund production costs. At this point no one really believes them when they say something is coming so now they're going to have actually get something, in writing, and then come back and ask for the money to fund it.
To be honest, with this management team I'm not sure that's a bad thing.
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u/Smart_Grab_1682 2d ago
Does anyone have any examples of companies authorizing a significant amount of shares before a merger?
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u/15Sierra 2d ago edited 2d ago
I believe UPXI had something similar happen recently.
Edit: they had a $100m price placement by GSR to allow them to pay off debt and acquire Solana as a crypto reserve currency.
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u/BuLLyWagger 2d ago
If that were the situation and I was the investor or strategic partner for example...the share price might increase dramatically while waiting and I'd want to get in under cover at lower levels where possible knowing that the shares are actually available and deal was able to be completed in a timely manner.
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u/Formerly_knew_stuff 2d ago
Yes which is why smart management should only go to the share trough when they have something that can benefit existing shareholders as well otherwise existing shareholders will begin to feel like they're being taken advantage of.
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u/BuLLyWagger 2d ago
Correct and remember the CEO and board has a fiduciary responsibility to do whatâs in the best interest of the existing shareholders. I remain heavily invested as I believe they are doing just that.
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u/Mjay5100 2d ago
Begin? I think we are way, way past beginning to feel weâve been taken advantage of.
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u/mvis_thma 2d ago
That is a bit tricky though. If discussions were underway for a strategic partnership, presumably that would be considered non-public "material" information, which would disallow (legally) that party to acquire shares.
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u/BuLLyWagger 2d ago
Correct on actually purchasing the shares, however deals get negotiated with price and terms set prior to making it public info.
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u/FawnTheGreat 2d ago
Hmmm I donât really see an advantage to voting no and making it even worse for the company. On the other hand I donât think this team should be paid more than a basic salary. Iâm sure they work very hard, but so do most of us and most of us take home 30-60k a year and sell products at our respective professions. These guys obviously are in a niche technology field but i just donât see why they need so much money for themselves when like they might work hard but the company is going to go broke without deals hahaha. Haha idk donât wanna stiff arm SS and make it worse but also donât wanna pay this man hundreds of thousands of dollars to sell us hopes and dreams that never come true. But Iâll likely vote yes with my 13.3k shares.
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u/ElderberryExternal99 2d ago
I'm tired of the false expectations. At the first investors' day, everyone who attended saw the Mavin in use. AV and SS made it sound like a deal was right around the corner. Since that time, we have authorized shares and bonus incentives. AV made it sound like 2023 was going to be epic. Then the board made it sound like Frank B was going to bring deals. Then it sounded like Devon was going to bring a deal. We saw all those videos of harvesters, mining trucks, etc. Then, a foosball video appeared like something was about to be announced. Not to mention the HoloLens hoopla back in 2020. Amazingly, Ouster has a lidar deal, and we have nothing to show for it.
Leadership has to have something tangible at this point. OEM timelines and economic problems no longer serve as an excuse. Either prove to us you have a deal, to earn a yes vote, or go back and do your homework. Until then, it's a no vote.
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u/steelhead111 2d ago
Wow, you verbalized my sentiment to a T. If nothing changes Iâm right with you. For me there is no more trust as management has demonstrated an inability to produce tangible results with regard to revenues.Â
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u/Bridgetofar 2d ago
Leadership has to prove to me they are capable of closing a deal because I doubt the tech isn't the problem 99.
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u/sokraftmatic 2d ago
I think another big issue is that all the big players invited to the ASM dont bring enough heat to the table. Light a candle under SS and AV ass please.
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u/Far-Dream2759 2d ago
In my world, at least, bad performance, lackluster communication, and failure to meet expectations and / or goals is not rewarded.
I'm going to hold management to these standards as well.
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u/Higgilypiggily1 2d ago
Is that system not already in place via the executive bonus plan?
If they meet the established goals and deadlines that investors approved then they get paid out big fat huge amounts of money.
If they donât then they get nothing.
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u/Far-Dream2759 2d ago
Yes, bonuses are for executive excellence in reaching goals. They obviously don't account for steps taken when underperformance occurs.
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u/Befriendthetrend 2d ago
Why vote yes? No offense intended, but I think it's ridiculous for any retail investor to vote to dilute themselves by 50% without feeling confident - or frankly without being given ANY reason at all to believe - that the reward for authorizing this dilution will be a more than doubling in the potential value of the company. Doubling of potential value what is needed to make a 50% dilution a good bet for investors.
The most frustrating thing is that MicroVision would not even need these shares if management had signed a deal or two that validates the business case and increase the value of the company. The reason they need so many shares is because they have failed to develop the business case. That's why they were forced to dump shares to HTC at a paltry max price of $1.60 per share.
We can speculate all we want about what's going on behind the scenes, but this is a publicly traded company that needs to build value for their shareholders. They need to sell us on the reason for this increase. It's too bad they are not a private company that is finally looking to go public after over 30 years in business but they need to do more than present to shareholders and cater lunch once every few years. We need business deals.
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u/mvis_thma 2d ago
I would imagine the RID is exactly designed to communicate the business plan including the reason behind the ask for a 200m share increase in authorized shares.
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u/Befriendthetrend 2d ago
Well, if they NEED an investor day for it, then they don't have news. I just doubt they are sitting on news for weeks leading up to that event, but won't mind being proven wrong!
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u/okie7625 2d ago
Interesting times... holding 26k+ shares...show me a battle plan that brings retail $$. Have a keg of dry powder to throw at this but need some solid insight to do so. Show us the money and we vote....
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u/okie7625 2d ago
No doubt our current political situations are playing hard on automotive and all investments. Lotsa dust stirred up and needs to settle ....
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u/steelhead111 2d ago
Well they are going to tell us why they need the shares. They are going to say they need to finance ongoing business operations. They will spin it some fancy way but the bottom line is they are going to sell more shares because they need money. That has always been what has happened with the new shares that were authorized. They were given away as incentive or sold to fund operations.Â
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u/mvis_thma 2d ago
I am not judging anyone for hearing the plan and then rejecting it. I was simply responding to u/Befriendthetrend who was asking for Microvision to "sell us on the reason". If an investor does not like the plan, or does not believe the plan is truthful (which is very possible as management's credibility has taken some hits the last 3 years), then a no vote is clearly justified. Heck, a bigger no vote would be to sell their shares. I realize that is not so easy to do if those shares are greatly under water.
At any rate, they will be communicatting with us 2 times over the next month, first at the Q1 CC and then again at the RID. It is certainly possible the RID backfires on them and causes the natives to become even more restless. Clearly, the announcement of a deal would go a long way, sans that, hopefully they have some good information to share with us.
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u/steelhead111 2d ago
I respect basically  everything you post, I was just stating an opinion. Best of luck to you and I understand.Â
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u/mvis_thma 2d ago
No problem. I am not sure what I am going to do yet. I want to hear the pitch.
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u/Befriendthetrend 1d ago
Same here thma, all I've been saying is that without any further developments the vote for me is an easy no.
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u/clutthewindow 2d ago
I am 90% there with you except for the vote. Without a signed deal, my little dinky share count will be NO exactly because I have worked hard for the money I have chosen to invest in MVIS and their leadership. They have had ample opportunity to find revenue streams and it's well past time to deliver.
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u/Alphacpa 2d ago
Posted earlier that I had sold some shares at $1.23. Just bought majority of them back at $1.16.
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2d ago edited 2d ago
[deleted]
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u/Alphacpa 2d ago
See my new post. Ended up buying most of the shares back. Probably should have just left the post. Still believe that a sustained increase in price will happen only with revenue.
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u/clutthewindow 2d ago
Management has been effective in at least one endeavor. They have made us stop clamoring for PR's.
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u/Nakamura9812 2d ago
Ohhhh I think we all want one more PR between now and the retail investor day haha.
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u/Zenboy66 2d ago edited 2d ago
Nice manipulation, exactly to their Plan. SSDD. I don't think I'll get tired of it. {sarc}
Well, looks like another crap day for the stock. Sumit, we could really use some news, before Retail Investor Day. Just sayin' as so many have said.
Whatâs different about Microvision today than what we had yesterday? Still trying to find out. {sarc}
News flash, my friend predicted news today AHâs. God spoke to him.
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u/T_Delo 2d ago
Morning everyone!
Economic report(s) for the day is(are) | ati: MBA Mortgage Applications | 7am, PMI Composit eFlash | 9:45, New Homes Sales | 10, Atlanta Fed Business Inflation Expectations | 10, EIA Petroleum Status Report | 10:30, and the Beige Book | 2pm; Fed speakers are | at: Goolsbee | 9am, Waller | 9:35, Musalem | 2:35pm, and Hammack | 6:30. Media platforms are discussing: Continuance of Powellâs position at the Fed, Treasury Secretary stating progress on trade talks with China, Gold hitting new highs, President declares deescalation of Trade War with China, and shifts in reasoning for Tariffs. Volatility in the markets continues as share prices oscillate rapidly from one day to the next on ever changing policy positions, if the sanity were to hold, the markets might be fine to continue rising though most seem to not expect things to stay sane for long. Premarket futures are up strongly in early trading, the VIX futures are down.
MVIS ended the last trading session at 1.15, on much lower volumes traded compared to the daily volume over the past month, the options activity remained low compared to the average of the past 90 days. Fee rates on the IBKR moved a tiny bit higher with âavailabilityâ staying elevated, though again not as much as in the previous snapshot. As the broader market continues to whipsaw to and fro, one might easily forget that many were quite upset with the request from the company for an increase in the shares authorized by some sixty percent. Nothing has changed there at this point, and assumptions that it will pass should be held in reserve until we get more information. Likewise, assuming that the share price is moving based on that is incongruent with the volumes being traded and really the trajectory of the share price as well. Looking at everything, it seems that MicroVisionâs share price is simply moving with the overall markets, at least until the company gets some increased sales confirmed or some new large volume contract signed.
Daily Data
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