Very interesting comments from the broker at FlyOnWallStreet blog today about MVIS:
Closing Comments
I was out all day attending a private institutional meeting, hosted by MVIS. You know, the type of meeting that excludes the individual investor (you).
I don't want to come across like a "pumper" or "MVIS whore," but I am excited.
Alex made a very clinical presentation and was impressive. He did not over-hype his story and addressed tough questions with poise. In short, I am going to buy a lot more stock.
In my opinion, the company is very close to inking a major cell phone deal. Moreover, such a deal will be the first of many positive press releases, regarding strategic alliances.
Furthermore, I am convinced the stock price will trade above $5.30 for 20 days, effectively enabling the company to call in their warrants-- which will net the company $35 million dollars.
Hence, the cash issue will be resolved.
Finally, I am prepared to purchase additional shares up to $4.50. Best case scenario, the company will surprise everyone with a big announcement, within 2 months.
Everything I stated above is my own opinion and was not confirmed by Microvision.
Full Disclosure: I am heavily long the stock and warrants.
))
Great meeting.
They met with Disney and many other heavy hitters.
Good stuff.
5:19 PM
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