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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.946+1.9%Jan 8 3:59 PM EST
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To: dwight martin who wrote (5556)10/27/2002 9:58:47 AM
From: Zeev Hed   of 7721
 
I have not watched MVIS for the last few months, anyone knows what are the prospects (time wise) for positive cash flow? I hate to see a neat technology being stolen by others due to lack of cash. Right now it seems that additional cash will need to be sought before long (on 6/30 they had two to three Q of burn rate on hand...). They have reduced their burn rate but it is still around $7 MM/Q, and assuming that the September Q was like the June Q, they have another Q (before the end of the year) before they are forced to seek more funding. Did management address this issue in recent "pronouncements" and what are the plans? Thanks in advance for the update.

Zeev
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