Vuzix Corporation (VUZI)

[growacet]

You asked...here's what I'd do

I'd seek out venture capital, being public is a pain and very expensive...but attracting VC isn't an easy go of course. Venture Capitalists aren't ordinary shareholders, they're not gonna let the CEO of some money losing company they've invested in earn a salary in the hundreds of thousands while the company burns through their cash...

Then of course there's all those damn Sabournes Oxley regulations that came out after the dotcom bubble burst with big companies like Nortel, Enron, Worldcom and a host of others...companies that used to advertise on CNN and CNBC with great spots that got investors all excited. Turned out they weren't keeping a close enough eye on their internal accounting controls...

That's a worry here too from Vuzix's SEC filings, a lack of controls....but they've declared it so they're safe imo.

Anyway...if VC was a washout, then go the penny stock route like they've done, its cheaper than an IPO on an exchange like the NAZ...then dilute the crap outta the stock, do a big Reverse Split and then uplist, even though you're still not making any money....

And then its simply a question of selling the sizzle....as the dotcom era proved, you don't need to make money...you just need a good story, some flashy looking commercials, and PT Barnum about a sucker being born every minute is right...Then pay yourself say a cool half mill every year and travel the world on the company dime....