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Pastimes : The Straight Shooter's Corner
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To: vpelt who wrote (8)7/21/1999 10:02:00 AM
From: JDN  Read Replies (1) of 109
 
Dear Vpelt and all: Yes, I am pretty familiar with MVIS. I shoulda invested at 4 1/2 but didnt. Reason I didnt at the time was because they were several years away from profitability and I thought I had time to watch it awhile. They still are, IMHO, AT LEAST a year away from profitability however, due to the stock price increase their warrants became callable and they were in fact called recently. That causes the stock float to increase dramatically BUT also puts a lot of cash in the coffers assuring that they should have the means to make it to at least initial profitability without further dilution. At this point, I am just waiting to see what the additional shares does to the stock price. I had hoped it would knock it down temporarily to as low as $16 but so far it seems to defy gravity. haha. You can learn a lot about this stock by going to the MVIS thread on S.I. There are some serious posters there. JDN
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