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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (1894)	1/27/1999 10:45:00 AM
From: Josef Svejk	Read Replies (1) \| Respond to of 7721

Humbly report, JDN, I'm not about to insert my foot in my mouth again, as I've done so many times in the past, and will therefore let others, who are better versed than me, answer your question. However, perhaps this will help: post.messages.yahoo.com@m2.yahoo.com Cheers, Svejk proofsheet.com

To: JDN who wrote (1894)	1/27/1999 1:43:00 PM
From: kili	Read Replies (3) \| Respond to of 7721

JDN, If our Good Soldier doesn't feel comfortable with the foot & mouth thing, let me (I'm too far away to be visited in person...) The preferred stock, as I gather it, seems to be comparable to convertible bonds. They have an annual yield, and can be converted at the given prices. The first 5 million are in the bag. They're just not called common shares yet (or may well be by this time!). Since the investor is said to be long termed, I can't quite believe he/she has turned around and sold the 400,000 (converted) shares and bagged at least a 400,000 $ profit (giving a short and sweet profit of 8% for a day's work, annualised at roughly 2,880%). We have all been slightly concerned about the dilution factor. Setting the price @ 12.50 is much, much better than the $5-6 we feared some time ago. Had that been the case, we would have seen 800,000 shares instead of the 4. The options for further stock purchase are not in the bag for MVIS, as is the situation for the warrants (just comparing with a familiar notion). The strike prices for the options are above todays levels, but attractive if all our dreams come true (which is only a matter of time). Conclusion? I'm happy (that is, if I haven't missed something out), since MVIS has received needed financing, and that it came at a time when the price has regained a lot from the sad days of summer. It represents one worry less. Congrats, Stephan, with your new job!! You haven't posted since July 23rd, but we'll be very eager to hear from you again! Don't pretend you haven't read this, because your interest in MVIS is far to great for you to keep your hands off!! :-) We'll accept your need for prudence, but not any form of silence! I mean, IR and all: This will be part of your job! Regards, Kim