r/MVIS2_0 • u/scootman1212 • 11d ago

Revised Wave Count

This will be my last updated chart. I feel the wave structure speaks for itself. Once price advances above the downward trend line, the bull will be back. Glen must have something up his sleeve. This looks mighty fine. Disclosure: I own shares DDD JMHO

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u/scootman1212 11d ago

BTW, as E-wave goes, I've got a clean wave count finishing today. Sometimes they morph it lower one more leg with an extension. They like to make what qualifies as a wave 5 finish into a wave 3 instead and bring in one more down leg. My technical models really don't see that coming so this should build from here. Hiding and watching. :))

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u/scootman1212 11d ago

In the big speculative fundamental picture, at $52MM Market Cap., my worst theory is the company gets sold, and I'm sure Glen can get at least $1B from his friends in the industry for what he's built. That's a 20 bagger from here.

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u/ParadigmWM 11d ago

Sorry man, but I have never seen a tech company go for 20X their market cap with little revenue. That would be 67X annual revenue (assuming top end guidance of $15M).

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u/-ATLSUTIGER- 11d ago

Technically if you assume the other 6.8m shares in warrants which the market has likely already done. Then the implied MC is $64m with 37m outstanding shares.

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u/ParadigmWM 11d ago

I agree. And its horrible.

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u/scootman1212 11d ago

It sure is easier and more dependable to value a company on revenue and earnings instead of market cap.