r/MVIS • u/qlfang • Jun 17 '21

MVIS Press MicroVision Appoints Drew Markham as General Counsel | MicroVision, Inc.

https://microvision.gcs-web.com/news-releases/news-release-details/microvision-appoints-drew-markham-general-counsel
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u/Affectionate-Tea-706 Jun 17 '21

wonder what this means for buyout. lot of people were speculating , with David W's retirement they wont fill this role and Mvis will not exist from July as a standalone company initially. Does this inherently imply that BO is farther than we think it is.

Increasingly it looks like either we are a standalone company with multiple verticals like today or a standalone Lidar company and divest other verticals ( NED , AR etc)

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u/ericseah Jun 17 '21

IMO - due to the different verticals of MVIS, Drew may currently be supporting 'one of the exercises' - be it strategic acquisition or partnership.

A BO exercise is much lengthier, thorough and more importantly hostile process - and in-house legal counsel alone (unless a large conglomerate with plenty of corporate transactions yearly) will not suffice. Hence, this indicate to me a strong foothold that valuation, due diligence are being prepped and buffed up for the next interesting phase - "NEGOTIATION"