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Strategies & Market Trends : Bankruptcy Predictor Model

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To: Josef Svejk who wrote (212)	3/28/1999 11:54:00 AM
From: Razorbak	Read Replies (2) of 477

MVIS CC - Comments Thanks, Joseph. I listened to the CC replay. Very interesting. MVIS is definitely an R&D shop. You can tell by the CEO's focus throughout the opening remarks and Q&A. However, unlike some other R&D companies, they seem to have real mass-market potential for their technologies currently under development (or in near-term roll-out stage?). They also have just added a few strong thoroughbreds to the management stable, and that should help ease the transition of bringing products to market. Regarding liquidity and financing, I only made a few notes... 1) There is $7 MM of cash in the kitty now. 2) The CEO declined to comment about present burn rate (but that could be easily verified or calculated). 3) There is some likelihood that, if the warrants are not exercised, they may have to pursue additional funding. 4) Given commercial market applications, there is a possibility that some strategic partners could provide additional funding (e.g., creative financing is a possible source of funding for specific projects). 5) Outstanding shares = 6 MM. Convertibles convert into 400K shares, giveing a total of 6.4 MM common outstanding post-conversion. Comments anyone? Razor

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