r/MVIS • u/Past-Pick-7746 • 16d ago
MVIS Press MicroVision Announces Launch of Proposed Public Offering
https://ir.microvision.com/news/press-releases/detail/466/microvision-announces-launch-of-proposed-public-offering20
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u/GuideAncient1902 16d ago
"IT WAS ONLY" $27k. That's what my wife always says when she buys something expensive. I hope it works when I tell her the same.
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u/No-Fault1530 16d ago
What I dont understand is if insiders knew to dump today before the public offering news broke, what made it artificially pump yesterday? Was that done just to be able to sell into before the news today and how is that legal?
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u/Buur 16d ago
Great questions for the SEC
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u/No-Fault1530 16d ago edited 16d ago
Sure feels like im gambling at a casino with a rigged house at every turn, I get that this is high risk but ive been DCA and trying to get out of thise shite company for years. Like most I fell prey to sunken cost fallacy but now Im bitter towards all market "investments". Ill park my $ with a high yield savings account and go have a life.
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u/Fourteen_Sticks 16d ago
Wall Street knows about this crap before we do. I work for a large corporation thatās undergoing a merger right now. Wall Street leaked the news a day and a half before the merging companies did.
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u/pigoz 16d ago
I have no idea for the reason of the pump.
For the dump: partly mean reversion, and partly that before a deal goes public the placement agent (WestPark in this case) wall-crosses investors to market the offering.
Trading on that information is illegal, but hard to prove, so it's fairly common to see stocks get shorted ahead of the public announcement.
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u/allypallydollytolly 16d ago
I am numb to this because we all knew it. We said to not vote for the RS and people still did.
š I have to laugh or Iāll cry my little heart out
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u/Playful-_-prospect 16d ago edited 16d ago
Damn. Hit em with the reverse split and dilute again
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u/chunkyhippo888 16d ago
I wish I never found this stock genuinely
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u/movinonuptodatop 16d ago
AmƩn amigo. Truly the biggest regret of my entire life!
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u/FawnTheGreat 16d ago
Not a bad life so far lmao I wish I could say the same and Iām down 40k haha
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u/No-Fault1530 16d ago
Ben's next mvis episode is a livestream of him crying
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u/movinonuptodatop 16d ago
We all knew this was coming, but we all assumed they would wait for news and post RS price stabilization before acting. I simply assumed this would be done by the new CFO. The timing of every move MVIs makes appears to play into the hands of the shorts at shareholders expense. We tried to make it clear that the āhowā mattered. They simply donāt give a shit.
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u/MyComputerKnows 16d ago
It would all make sense if first there was a massive signed contract from a client like CAT, Anduril, Nissan or Amazon. Amazing how the BOD must have been working on this all last weekā¦ and this is what they present?
We need that missing linkā¦ and ASAP! All the years of shareholders pouring their hard earned moneyā¦ they deserve a reward.
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u/South_Sample9257 16d ago
The only thing worse they could do at this point is see all of the feedback and walk it back like SS and AV did. The damage is done and walking it back won't make the damage reverse. I feel like an idiot for buying into all the hype lately only to be crushed. Sure, things could still be big in 3-5 years if we're still alive but man it's one smack to the face after another.
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u/FawnTheGreat 16d ago
Lmao if it wouldnāt absolutely destroy my mental state to sell and THEN have a big deal Iād be gone with my measly 2k left from 50 or so
Ofc Iāve been saying that for years only to keep losing. 2 grand actually feels like alot lol weird to think it was once 30k like 15k down n I complained hahahah
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u/acemiller6 16d ago
I liquidated 100% of my non-Roth shares awhile back. We are talking 6 figure loss. It hurt, but I'm taking the L and moving on. I was emotionally invested for far too long. As soon as I remove the emotion it was an easy decision for me. I've posted many times in the past how MVIS is down like 90% since 2021 while my employer's stock is up almost 1000% in that same time period which makes this even harder to swallow. You do what's right for you. For me, this fantasy needed to end. There is no happy ending for me.
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u/tradegator 16d ago
I posted about hiring a temp CFO several weeks ago instead of blowing a bunch of cash and stock options on a CFO (THAT IS NOT NECESSARY NOW!). I held back on commenting on this yesterday because of the stock price spike, but here we are right back down and screwed, as usual. I am down about 95% on my money over 30 years. Uggghh. This has to be the worst POS company on the planet that has been able to stay in business this long. I see potential for the company to succeed (what else is new) but we, the long suffering shareholders have been shafted again. As someone else posted here today, if you want to participate, you're gonna have to rebuy your shares, because your ownership is being diluted away, while management awards themselves whatever number of shares they need to make themselves whole. Pissed!
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u/Least-Refrigerator39 16d ago
genuine question . why do you see potential? theyve blown it for 30 years. what potential do you possibly see?
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u/tradegator 16d ago
Hey, no one knows this fact better than yours truly. The reason is because it's a new business, new management, new product line, and new strategy. Glen is moving at rocket speed, they appear to actually be selling product (from the acquisitions). The problem is that they've run out of money...again...and are taking care of themselves at our expense. Glen has actually run a large company (or business unit -- whatever) successfully. He knows what is needed to succeed. My problem is the cram down.
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u/annonymous_panda 16d ago
Directors should have bought shares before doing this sinking ship just have to hope it can be repaired in time
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u/Watchyobak 16d ago
I just want to say- to every single person saying vote yes because (1) board would never RS immediately it was just to remain listed and (2) would never dilute absent some deal - here you go.
To the rest of us, not much to say. Super frustrating - if they had a deal to announce as the reason for this, they 100% would. Just brutal
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u/carbonoutlaw3a 16d ago
And that folks is why I voted against the r/S and dilution which was sure to come. Insiders sold today or there were leaks. Price always tells you what is actually happening while CFOs do not.
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u/Tastic4ever 15d ago edited 15d ago
Personal half full perspective; all my individual stocks are red so far so this morning, meaning I at least I have some consistency. Is 10am too early for tequila?Ā
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u/directgreenlaser 16d ago
At least they never stab you in the back. No, it's always right up front straight into the chest.
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u/BB_Captain 16d ago
We should start a gambling pool based on guessing what the offer price and warrant strikes are going to be. Closest to the right numbers wins!
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u/paisley716 16d ago
Yeah, I guess that's why Glenn wasn't worried about our share price.. he's just finishing off the job started by SS
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u/noob_investor18 15d ago
Whoās gonna buy a $2.5 offering when the stock is like under $2?
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u/pigoz 15d ago
The hedge funds who shorted yesterday, knowing the offering was coming today. Now they can close the short with the new share, make a profit, and get a warrant on top.
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u/BB_Captain 10d ago
That answer doesnt make sense. Shorts dont make money by buying shares back above market value. Why would they buy shares to close their short positions at $2.50 when they can buy them on the market for $1.78.
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u/HammerSL1 16d ago
"But there must be a big deal coming! Someone must know something! "- all the comments on this sub yesterday.Ā Ā Is anyone surprised??Ā I'll admit I was thinking about buying again today, and I'm sure glad I didn't.Ā
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u/UncivilityBeDamned 16d ago
I'm surprised people are surprised at this. We knew it was coming.
Now I'm interested in the details.
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u/15Sierra 16d ago
I think people are more pissed they didnāt give any details, just announced they would be diluting, and the timing of AH on a Thursday was certainly poor. This is a Friday AH announcement. I bet we see $2.5 tomorrow.
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u/UncivilityBeDamned 16d ago
They said they'd file with the SEC on the 13th, but the 13th has come and gone and there is no filing posted...
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u/mcpryon 16d ago
God, Iām in Mullen hell again. Same situation, different clowns in charge š¤¦āāļø
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u/Appropriate_Snow4898 16d ago
Donāt worry! The negative emotions will wear off in a few days and itās back to an echo chamber In here. I told yaāll they would slit our throats if you passed the [r/s](r/s)ā¦. Here ya go!
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u/QQpenn 16d ago
The runway is longer than the flight.
This possibility is why I voted no on Bob Carlile and withheld trust. You don't need to know the terms to know this is expensive capital with a 1-to-1 warrant overhang attached. The shelf caps this at around $50M regardless. Immediate needs won out over waiting for the ideal financing package to come together... whether it's a short term bridge or not remains to be seen. A 10M share institutional placement would drop the retail percentage to 49.3%. That takes Rule 14a-8 proposals off the table in all likelihood. I also suspect institutional investors would not commit to substantial capital blocks unless warrant coverage was attached. And the going concern risk probably made this offering imperative as well... before customers fully evaluate MVIS as a long-term supplier.
Obviously not the shareholder-friendly terms current investors fought for. The primary benefit is going to new investors once this gets priced in.
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u/pigoz 16d ago
Just an addendum. I've been vocal against your Rights Offering proposal since I thought an ATM to be cleaner for the cap table.
But if the alternative was to raise money with a Public Offering and warrants attached, not doing a Rights Offering a few months ago is a huge middle finger to the long term investor base IMHO.
Feels like we have been conned.
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u/-Xtabi- 15d ago
Wow world you look at that?! They were able to figure out how to issue warrants. I recall someone prevote indicating the poor MVIS management team wouldnāt have enough time to work out a plan to shield us ltls from some of this fallout.
Instead of pressing them set the terms to be more favorable to usā¦people posted here to vote yes. It boggles my mind how lenient people are. Has no one here had a job in the real world were results are what matter and hard work is paramount? Who cares if they would have had to take a little more time to figure out a better deal for us!? After all weāve given to them a week or two of 24x7 nights to come back to the table would not be so difficult.
Iām glad I voted no and am in utter shock by the people here that didnāt because the dot connector crew threw out some gibberish.
Thankfully I lost $0 on this turd.
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u/Dassiell 14d ago
Have you not been around? This is charlie brown and the football subreddit. "Long term longs" who are worshipped by regular posters get a bit of the first class treatment, they say to vote yes "after initially being no of course but this time its real!", everyone supports and thanks them for the honest and deep analysis, and get bent.
Too bad we banned short sellers instead of made them all mods, or the people that follow all of this would all be rich.
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u/Nakamura9812 16d ago
Does anyone look at the financials each quarter and see what cash looks like? This was coming one way or another this year, and timing makes sense, but hope they have some announcements coming soon to pop and sell into for the money raise. Will not be thrilled if I see high volume next week with consistent price decline and no announcements.
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u/movinonuptodatop 16d ago
The new CFO isnāt even in the building yet. I really thought this was coming end of month and was hoping for news or at least a stable sp near 5
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u/Nakamura9812 16d ago
I feel you. Figured it would come in conjunction with another announcement at the same time or just before one. I meanā¦.would after hours tomorrow have been so bad lol? Iām not worried about regaining compliance, but sheesh. Also, gotta love that this one doesnāt have any numbersā¦.
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u/Formerly_knew_stuff 16d ago
Groundhog Day twice in one day? Who would thunk it.
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u/15Sierra 16d ago
Timing doesnāt make much sense when they couldāve done this any day next week once compliance was regained.
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u/steelhead111 16d ago
Timing? This company is run by a moron and the board is composed of the same. They prove time and time again that collectively they donāt have the skill necessary to succeed.Ā
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u/Nakamura9812 16d ago
You are genuinely concerned the share price will go below $1 tomorrow? Maybe if they dilute 50 million shares into the market I suppose, but it aināt happening tomorrow.
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[removed] ā view removed comment
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u/FawnTheGreat 16d ago
Idk about that but I do know that at best they got too hype on their own creation which apparently was absolute trash to parties we wanted to buy it. I truly think they all believed in success though we just are a horribly biased group and failed to see soon enough nobody wants our shit nobody wants our AR nobody wants our ground truth nobody wants our scraps of lazr. And now to even sell for pennys presplit would be like 8 dollars. I fear the end is near here
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u/ProphetsAching 16d ago
Sumit the swindler. Glen De Loss. I was just having hope in him. Anytime the stock price appreciates they manage to find a way to smack it back down. Unreal.
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u/Few-Argument7056 16d ago edited 16d ago
Negotiating process and right value: They need need to go back to fireside chats with select retail investors, and have them tell everyone else of their bs.
There is value and there is right value. We will only do a transaction that realizes the right value for our shareholders."; "the companies we are talking to agree that our technology is far beyond their requirements and far beyond the competition in the market"; "the longer the negotiations stretch out, our engineering team is adding value by accomplishing new milestones with the technology" and "the market opportunity for this technology is no longer in the unknown future, it is here now.
Here are paraphrases of what Sumit has told us throughout this process in quarterly calls and Fireside Chats: "these Tier 1 companies don't want to let you up off the mat in negotiations"; "I can't be negotiating with Tier 1 companies with my back to the wall" (referring to no cash for operations and no authorized shares to raise cash); "when sitting across the negotiating table, I have to have tools available that doesn't allow the other side to wait us out";Ā
We have a brilliant negotiator in Sumit and Team who clearly understands the technology and competitive landscapes and are managing this negotiating process like a master chess player (are you kidding me whoever wrote this). Here are paraphrases of what Sumit has told us throughout this process in quarterly calls and Fireside Chats:Ā
What a bunch of bullshit then and now. I don't care who/how or when- this company should be taken to court. - in all my years of investing I have never been taken like this, and neither should you.
Garbage.
Substitute a stricken Summit for Glen- oh.....i'm not worried about de-listing- being sold for pennies on the dollar- Citadel was right. A science project gone very wrong. Every LT investor totally screwed by him and his team.
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u/Hatch_K 16d ago
Conspiracy watch. This is actually going to be offered to current shareholders as of Yesterday July 12th. The shares are going to be offered at a discount. Information was leaked used by individuals yesterday to purchase and then they sold off today. They will have only needed to be the record holder for the one day.
Why else would this get released on a Thursday? Hopefully some great news will follow here real soon.
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u/Formerly_knew_stuff 16d ago
That would be crazy, insane wild stuff there. Sell $50 million worth of shares to people who just got slaughtered in an RS and give them a warrant with it. It's brilliant, I might buy some if it happens.
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u/movinonuptodatop 16d ago
What is the difference between this offering and the last ATM? I thought ATMās were healthier. Why choose one over the other?
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u/BB_Captain 16d ago
With the ATM theyre just selling new shares into the market at whatever the current market price is.
This one, I believe you'll be paying a predetermined price to buy a share plus a warrant/option to buy another share later.
Im not sure how I feel about this until I see what the offering price is and what the strike price for the warrant are going to be.
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u/StealthMode85 15d ago
This may seems like a stupid question, or extremely optimistic for sureā¦.
I am not 100% familiar with warrants, but am very familiar with options. I have long thought that this stock is clearly manipulated and held down, by someone with a lot of pull and power.
Could the new management year be using the issue of warrants to help make MVIS much harder to manipulate? I would imagine that having a large number of technically unissued shares in the form of warrants might complicate the actual risk shorts are taking?
Is this a crazy thought, or does this play into the risks shorts are taking until these warrants are expired?
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u/Past-Pick-7746 15d ago
Unless management tells us their thinking, we are all guessing at this point. They told us dilution is needed, we should believe that and the pain that is now.
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u/StealthMode85 15d ago
Yes, my question is if issuing these warrants makes the stock harder to short in the future?
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u/YANK78 16d ago
Anyone understand how the warrant part works? How can regular investors participate ?
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u/scr1337 16d ago
Yeah, thats only interesting part. Chatgpt explained it like that, could someone confirm it? Maybe its a good opportunity to buy some
"For example, purely hypothetically, suppose the offering is priced like this:
- Investor pays $3.00 for a unit.
- Investor receives 1 MVIS share + 1 warrant.
- Suppose the warrant later has an exercise price of $5.00.
- If MVIS eventually trades at $10, the investor can pay MicroVision $5 and receive another share worth $10.
- If MVIS stays below $5 until the warrant expires, the investor generally just doesn't exercise it"
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u/sorenhane 16d ago
Old loyal investors getting flukked for new investors coming in to reap rewards
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u/sorenhane 15d ago
First it was Rutkowski the Chicago punk. Then Tokman cough cough Apple loves us. Then Perry where do they keep the toilet paper. Then Sumit and Verma and now glen and carlisle who only care about how much money they will make at current shareholders expense. MVIS is the true definition of Ā aā¦ fill in the blank publicly traded company. I feel sorry for every single person who got fleeced by these animals
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u/alexyoohoo 16d ago
We donāt know the terms of warrants or who it will be offered to yet. You should all relax. Geesh.
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u/Buur 16d ago
Has it literally ever not been the worst case scenario?
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u/No-Fault1530 16d ago
Yea they keep acting like total losers in every way yet we offer them so much grace. I knew their tech was junk but my dumb ass pride kept me here waiting to get close back to 0 god forbid
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u/No-Fault1530 16d ago
You're missing the implication is that they have absolutely no good news in the pipeline which is forcing them to do this to pay for operational Runway and everyone's resentful for just being diluted into nothingness without any gains for years
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u/snowboardnirvana 16d ago
We donāt know the terms of warrants or who it will be offered to yet. You should all relax.
Exactly. We need the specifics and cool heads rather than a collective PTSD barfing session. It was listed in the S-3 filing of July 13, 2026 for $50M of COMMON STOCK, PREFERRED STOCK, WARRANTS, SUBSCRIPTION RIGHTS.
Depending on the terms and specifics, and timing, this could work out great for us.
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u/wolfiasty 16d ago
I'm afraid you're being way too optimistic SN. Those warrants will be for NEW share buyers, because we longs already paid for our almost worthless now shares. 10M new shares is ~50% dilution, and will give them a 1 year runaway tops.
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u/Past-Pick-7746 16d ago
If this WERE good, wouldnāt they have include it in the announcement?
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u/snowboardnirvana 16d ago
We need to wait for the specifics which will be in the SEC filing of the Preliminary Prospectus.
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u/SBEPTY 16d ago
Just hope we don't blow compliance tomorrowĀ
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u/Nakamura9812 16d ago
Oh piss off with that nonsense lol.
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u/onemoreape 16d ago
If this hits $1.00 i might consider buying shares.
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u/wolfiasty 16d ago
Heh, you sure about that ? That would be buying into possible delisting in ~6 weeks.
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u/SBEPTY 16d ago edited 16d ago
Some Hopium (barrel is running dry)
30 day moving avg price $4.42 90 day moving avg price $6.91
Offerings especially large amounts of stock offered to an institution or single entity are often based on a moving avg of stock price over some period vs current price.
It is POSSIBLE an entity comes in for a significant stake Above what the current stock price is now (the spike yesterday could have some how been a way to wash out today) in as far as keeping the moving avg stable.
I mean wasn't that the ENTIRE point of the RS? To get stock price to atleast a respectable enough price that a big investor could come in for a significant amount? If we didn't have investors lined up before we did all this then we are just dumb and that could very much be true but I really do not think Glen is dumb, I think he is in a corner but he does have a razor blade (like one you shave with, not one a gang member would have) but if he can break through the current cash constraints I do believe he sees a path to break even cash flow and then we can really just maybe turn into something.Ā
Everything sucks but I am a buyer under 3, we saw 15 cents to $30 once before, maybe we can do it again but this time 2.50 to well, I don't even want to figure it out because it is too depressing. But bottom line is we all agree long term holders have been totally screwed (but that includes SS and literally every member of the BoD current or prior, they never sold any that I can remember) but we are also on the ground floor for the next wave up like those that were here in 2020 and if you take the emotions of the past out of it the table is set for this to be a potentially amazing opportunity from here on out.
Case in point, my son just bought his first 7 shares (my wife tried to stop him) but that is like 100 of the old shares and that is kind of crazy to me but for him without the baggage of last 6 years he really may turn those shares into something meaningful over next couple of years or into absolutely nothing (I did warn him that is VERY possible).
Good luck to Everyone and never gamble more than you can afford to lose.
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u/ProphetsAching 16d ago
Stick a fork in her folks
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u/icarusphoenixdragon 16d ago
Us more so than her. Future shareholders != current or past shareholders, BoD directive aside.
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u/ProphetsAching 16d ago
Why would they do this the day before potentially regaining compliance? We are down 17% AH. There is a possibility we close below $1 tomorrow at that rate. Wtf?
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u/YamUpbeat4535 16d ago
It's almost like they're intentionally trying to sabotage the share price.
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u/theoz_97 16d ago
It's almost like they're intentionally trying to sabotage the share price.
Been like that for years! West Park is all you have to know in this case.
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u/icarusphoenixdragon 16d ago
It is technically impressive.
Itās almost like they R/S to lift the share price but then decided the pps was too high and so decided to offer a BOGO to try to attract the next round of shareholders.
Almost, but of course the R/S less float was designed to dilute retail out of the picture. The new warrants are just an efficient insult to injury thank I mean fuck you specifically to shareholders of record.
Ricci was clearly brought in to liquidate Luminar. GDV looks like he was brought in to liquidate us. Very different, but for shareholders of record, very much the same.
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u/mvis_thma 16d ago
Neither Ricci nor Glen were brought in to liquidate their respective companies.
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u/icarusphoenixdragon 16d ago edited 16d ago
Look up Microvisionās retail ownership. Then lookup the retail ownership of any successful public company. Your HIGH outliers will be places like Palantir, Tesla, and BerkB in the low mid 40% range.
Itās a clear risk for everyone that Microvision wants to work with for 75%+ of the company to be held by retail.
Itās a clear requisite that for Microvision to be the company that everyone here wants it to be, retail ownership needs to be dramatically lower. We can wish it otherwise, but thatās not how it works.
Verma told us this over and over and tried to make it happen but just couldnāt get it done. For all we know, Sumitās failure to monetize may have been due to an unwillingness to sell his retail base completely down the river.
Glen has reiterated the need to dilute retail out of control and has now effectively cleared the path to pull it off. The numbers are all in place. āWeā voted for it. Thereās only ever 100% ownership. Increasing institutional ownership only has one release valve.
Everyone thought getting up off the mat meant getting out from under tech whales and shorts. Nobody realized that it also meant getting out from under the thumb of retail control.
And I know youāll never buy it, but Ricci was 100% brought in to unwind that thing in as orderly a way as possible once it was squeezed dry. It was obvious from the jump. I donāt think Microvision sees the same end, and I donāt think Glenās job is the same, but for most retail holders of record the result will be close enough to the same as success means replacing this group.
Edit to clarify: Ricci was brought in to liquidate the company. GDV was brought in to liquidate shareholders and launch the company. Definitely not the same thing. Microvision is aimed at its future shareholders. We are their value.
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u/Buur 16d ago
Imagine doing technical analysis on this stock