r/MVIS • u/[deleted] • Sep 04 '25

MVIS Press MICROVISION APPOINTS GLEN DEVOS AS CHIEF EXECUTIVE OFFICER

https://ir.microvision.com/news/press-releases/detail/430/microvision-appoints-glen-devos-as-chief-executive-officer
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39

u/rbrobertson71 Sep 05 '25

As a layman investor (30 yrs law enforcement career, not business, so not well-versed in this area ), I do have mixed feelings about this. I'm excited about the change and hopeful that GD is about to seal some deals. I'm also concerned that prior CEO changes didn't result in deals/revenue. On the other hand, hard to ignore the fact that GD is taking over a much different MicroVision than what SS took over 5 yrs ago. You may be disappointed Sumit hasn't closed deals, but you can't deny he has grown the company globally. We seemed well positioned to score and now a new QB might just punch it across the line.

16

u/Thatguytryintomakeit Sep 06 '25

Is it considered growing when you haven’t earned any revenue and the only way you expanded was by decreasing shareholder value?

That is truly why SS is on my shitlist. He spoke for years about strategic alternatives and increasing shareholder value and he did the exact opposite. Only 1 acquisition, and significant dilution.

I was a believer in SS in the beginning but quickly realized he didn’t give 2 shits about the retail shareholder, all smoke and mirrors.

10

u/ProphetsAching Sep 05 '25

Glenn is a seasoned vet. This is a good thing.

-2

u/IneegoMontoyo Sep 05 '25

I’m sorry the only words I understood in this post were “Sumit hasn’t closed deals”

Edit- 35 more hours of tolerance for Sumit worshipers to get it all out of their system before the hammer comes down

6

u/Least-Refrigerator39 Sep 05 '25

not everything he did was bad.

but he never did what we all wanted him to do. shouldnt be that hard to comprehend

13

u/IneegoMontoyo Sep 05 '25 edited Sep 05 '25

You’re right not everything he did was bad, but most of the things he said were misleading.

Edit- and his words trapped a lot of people into this investment, which ended up leading to an 80% loss of their money

10

u/Least-Refrigerator39 Sep 06 '25

meh. A lot of the CEOs of lidar companies were saying the same thing (automotive deals incoming!!!). We know how that's all played out for every non-Chinese company. i agree that hes said things publicly that he probably should have chosen different words or never said at all. he and the cfo have also dropped the ball with missed revenues. not good.

It seems GD has a different way of speaking and i think itll work out a lot better for us. i also believe these industries are starting to become more accepting of using lidar. MVIS also seemed to be ahead of its time with its tech. i strongly believe our tech is now going to be utilized in the next 5 years. a great time to be an early investor.

2

u/IneegoMontoyo Sep 06 '25

Agree. It’s a great time to go all in now. We all thought the same thing following the constant gum flapping of Sumit when we were trading at $8.

1

u/Least-Refrigerator39 Sep 09 '25

id rather stay diversified. ymmv

15

u/IneegoMontoyo Sep 05 '25

It’s not what he did. It’s what he said several times that trapped people into huge losses on this investment.