Only the stock Gods know how frustrated “The Fly” is with [[MVIS]].
I’ve been patiently holding a ridiculous amount of stock, while holding in countless others, waiting for the story to pan out.
For more than a year, I’ve been told: “MVIS is going to be double digits. They will change the way people use their handheld devices.” Yet, I sit here looking at my stupid monitor, and the stock is mid 4’s.
For the most part, the CFO of MVIS, Jeff Wilson, torpedoed the investor confidence CEO Alex Tokman had rebuilt for more than a year—by selling a bullshit 40,000 shares @ $4.70.
In hindsight, selling at $4.70 was a good idea.
Fuck you very much Jeff Wilson.
Well, this is the year the proverbial ball starts rolling for the company. If everything stays on track, the company should start selling Picop products during Christmas of ’08. If so, there is no way the stock remains in the 4’s.
Conservatively, using the numbers projected by several analysts, the stock should be trading, at a minimum, $8—without a major ramp. Once MVIS gets their paws into [[MOT]] or Samsung cellphones, I suspect the stock will trade north of $15.
However, keep in mind, all of this depends on the company (through proxy) being able to mass produce green lasers, which could be very expensive. That’s the kicker.
Before I make any big decisions, I want to see the progress of their R&D, displayed at CES. I know a few people who will be inside the MVIS presentation. I’ll be sure to pass along some of their notes.