Emil,
If I haven't been completely off track, and quite frankly, I don't think I have, all the development contracts that have been disclosed throughout this last year build up to a very interesting feature for us who hold shares/warrants: We know MVIS has a handsome bulk of cash. Development is expensive. Not least when turning from development to production. Every contract means that expenses are either entirely funded by third party members, or at the very least partially. Ergo: The company's cash is stretched considerably, and we, the shareholders, will not be bothered with diluting share capital issues.
However, you 'over there' have a 'nasty' habit of issuing heaps of share options as success sets in. I hope there will be some time until we see such things with MVIS.
BTW, although MVIS seem to be very focused on getting the (lucrative) arrowhead into the armed forces, they have clearly stated a few key markets they will target in due course. I'm not sure as to when we can expect any news from those scenes, but when they come, I'd take that as a good indication that the VRD's viability has been proven in the first, crucial steps with GI Joe.
Kim |
