Jan and all,
To transcribe an old Pink Floyd song: "I wish I'd been there".
Both here and on the SI thread, there is concern about the cash burn rate and the price moving closer to levels we never expected to see again. The reports from the meeting seem to be agreed about the managements confidence in their own future, both in terms of the actual business they're at, and for the further financing.
The fact that a large gathering of shareholders, nervous as they might have been, come home with a positive impression of the company, the products, the R&D, the management (do I have to go on?), etc. -not to mention that more than one of them have popped out to purchase more MVIS/MVISW, makes me feel quite happy. I don't like the price slide more than anyone long in MVIS, but I'm trying to tell myself that my losses will be turned into a happy and carefree retirement in a decade or two, so I stay put. All that matters is to get some more funds into buying at these levels.
The is risk involved. Of course there is! I don't really care about the company's ability to produce black figures in 2000, 2001 or 2003. That's more or less irrelevant as long as the market is confident about seeing MVIS around for the next 5 years, developing and getting their first products to the market. We're in a micro cap company, and can't expect the broader market to invest -yet.
The only dissapointing message from the meeting, was that they were only now finalizing the terms for getting an IR officer aboard. But then again, he or she will have something to sink his/her teeth into when started.
Thank you for the reports!
kim |
