/biz/ - Business & Finance

It was a PnD, no doubt.
I spent past week reading ONLY official statements and researching the fuck out of the company.

I got 300 stock at .43
Had ~50 calls that i bought at .05-.10 each. No big loss for me. Maybe out $300.

Heres my stance on the following questions
"So what now?"

>Im going to hold!
In their statements (prior conference call transcripts), their "2017 customer" (i.e. Microsoft) pushed product launch to 2021. Revenue is going to be low.
Expect to be sitting on the money for a while...money that could be invested in other things.
Time = money

>they got good product
From what i can tell, they only manufactured a handful of critical components.
They licensed this to Microsoft and stopped their own production. They get royalties now.

>the patents!
I looked up every patent of theirs going back 10 years and looked up every name on linkedin.
Most "jumped ship" to Microsoft 2017 and beyond.

New patents are being issued to these same engineers...but to Microsoft.

Meaning...Microvision has lost their key talent and they are producing new tech directly for Microsoft.

Microvision is a company of ~30 employees, 60% of which were laid off in march and many now work at Microsoft.

>their future
They are working on brining lidar to market and aiming at automobile market.
!MAJOR PROBLEM!
Every major auto manufacturer I looked at is using lidar made by luminar.
Microvision was too slow to mature the product

https://youtu.be/REwzQraW7K4

XBOX event happening NOW!

If anything hololens or AR is announced. MVIS is headed to the moon.

They own patents and Microsoft is licensing their tech and producing on their assembly lines and paying microvision royalties.