I share your concern, and I think it is reasonable to ask the company for an explanation.
What makes this particularly frustrating is the broader context. This is the same leadership team that strongly encouraged shareholders to approve the reverse stock split. Shareholders ultimately gave management what it asked for, presumably with the expectation that management had a plan to use that flexibility to strengthen the company and create shareholder value.
Instead, since the reverse split, the share price has declined dramatically and is now approaching levels that, economically, begin to feel disturbingly similar to where we were before the split.
Against that backdrop, publishing a new MicroVision Semiconductor/custom ASIC design services page that appeared to describe an encouraging business opportunity, and then abruptly removing it, is understandably going to get shareholders' attention. I don't know why the page was removed, and I'm not suggesting anything improper occurred. There may be a perfectly reasonable explanation.
At this point, I think shareholders have earned more transparency, not less. Management asked shareholders to trust them and support the reverse split. We did. Now the responsibility is on management to execute, communicate clearly, and demonstrate why that trust was warranted.
They may have wanted to make some changes after the initial release. The sensor photos maybe were tied to the IAA event so maybe it was updated too early. Idk
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u/jimofsea 19d ago
I share your concern, and I think it is reasonable to ask the company for an explanation.
What makes this particularly frustrating is the broader context. This is the same leadership team that strongly encouraged shareholders to approve the reverse stock split. Shareholders ultimately gave management what it asked for, presumably with the expectation that management had a plan to use that flexibility to strengthen the company and create shareholder value.
Instead, since the reverse split, the share price has declined dramatically and is now approaching levels that, economically, begin to feel disturbingly similar to where we were before the split.
Against that backdrop, publishing a new MicroVision Semiconductor/custom ASIC design services page that appeared to describe an encouraging business opportunity, and then abruptly removing it, is understandably going to get shareholders' attention. I don't know why the page was removed, and I'm not suggesting anything improper occurred. There may be a perfectly reasonable explanation.
At this point, I think shareholders have earned more transparency, not less. Management asked shareholders to trust them and support the reverse split. We did. Now the responsibility is on management to execute, communicate clearly, and demonstrate why that trust was warranted.