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Many schools of thought regarding stand-alone pico projectors versus integrated capabilities. It will be a while before 'every' device has the capability so stand-alone will make sense for the duration. I believe MVIS has the only LASER pico projector with individual primary color lasers. Much of the tech underlying the product is protected by patents. The notion of an imminent buyout/acquisition of the company has been postulated as long as the company has been around.
Yep. I caught on to MVIS with their original direct retinal work, which I still think is a paradigm shifting technology. I even have a killer app for a wearable display. Someday...
Meanwhile, the PicoP is the tip of a very big iceberg of patents held by this little gem of a company.
'Tis the season, Gastro. What wonders will Microvision bring to CES in a few weeks?
http://www.cesweb.org/news/releaseDetail.asp?id=11854
I'm stocking up on 3 essentials for the new year...gold, silver and MVIS.
Pico Proyector Vodafone
Vodafone España lanza el pico proyector “SHOWWX” de Microvision
El pico proyector "SHOWWX" es un innovador proyector portátil láser que proyecta imágenes de tamaño grande al conectarlas al teléfono móvil o al PC o portátil. Los clientes de empresa y profesionales de Vodafone podrán disponer de este innovador dispositivo desde 289€. También estará disponible a través del Programa de Puntos y se comercializará de forma conjunta con el smartphone Nokia Mini N97.
Ver imágenes en: http://www.flickr.com/photos/vodafone_es
http://www.vodafone.es/conocenos/sala-prensa/notas-prensa/2009/1dic09(3).jsp
http://www.flickr.com/photos/vodafone_es/4147404860/
I guess you don't really understand that the volume is incredibly low. Think money-flow. Today's 8.5MM shares represented less than ten thousand dollars...chump change.
I've been accumulating lately, so this morning's drop initially took me aback. When my head cleared, I seized the opportunity and doubled my holdings with the price under $3.25.
Here's an article that I saw late in the day:
Microvision, Inc. (MVIS) has been one of this morning's top losers on the NASDAQ, after the company priced a deeply-discounted secondary offering. The company, which makes visual displays for autos, as well as mini-projector displays and even wearable displays, could have much relevance today, and perhaps much more relevance tomorrow. Most importantly, MVIS makes handheld bar code scanners for retail, mobile inventory, health care, and many more applications.
Most recently, interest in Microvision has come on the back of its unveiling of its picoprojector technology, which allows users to turn small devices like cell phones and laptop computers or even gaming systems, into video players without the need for a TV, computer monitor or video projection screen. Unfortunately, this is a product that loses money. But this is also a company that could be a tool chest acquisition for a larger company in this sector.
As far as the financial terms, the company sold some 6.7 million shares of common stock at $3.00 per share. At first blush this morning it almost appeared to be a typo... yesterday's closing bell price was $4.11. Suddenly it is of little surprise why Microvision shares are down over 20% at $3.27 on the dilution. But the company's earnings, reported at $11.5 million last quarter, is already out of the way, as it was reported in late October. Revenue was under $1 million, so you can see just how speculative and emerging this company is at this stage. That is changing, as more of the products are reaching commercialization.
Oppenheimer & Co. and Thomas Weisel Partners were the joint book-running managers; and Craig Hallum Capital was the co-manager. These underwriters received a 30-day overallotment option for up to 1 million shares. Based upon the discounting and the reaction today, it is a safe bet that the option was or will be exercised. Microvision probably just bought some new analyst coverage, as neither Oppenheimer nor Thomas Weisel officially covered the stock before. What are the odds that the coverage will be "outperform" in their ratings now?
Microvision expects $18.7 million from the offering and listed the use of proceeds for general corporate purposes.
That figure would be about $21.5 million if the underwriters' option is exercised. The company was running very low on cash with just over $20 million in cash and equivalents at the end of the September quarter, with very little debt.
It is generally easy to pan a company when they do such a deep discount on a secondary offering. But Microvision has been a low-priced stock for more than five years, and it has a very strong product offering with some aspects of the products just coming on the market for commercialization. This is a stock that some traders have speculated could be an easy acquisition target by many much larger players.
Before earnings, Microvision was a $5 stock. Then it was under a $4 stock before recovering recently. Suddenly today, it is a $3.30 stock. With a $250+ million market cap, today's offering is probably hitting the stock more than it deserves, even if there is a risk of further offerings down the road. It is always easy to say that maybe Microvision was too eager to raise cash because of that discount, but with its product line-up and with sales expected to start coming on in 2010, it seems more like an opportunity than a red flag. The large drop in the market is probably keeping added pressure on Microvision that would not otherwise be there.
http://www.investorplace.com/experts/john_ogg/articles/microvision-stock-mvis.html
Figure of speech, Scoobs; I love wordplay. Commentary like '...when the TCS2 flies...' is hypeful in my lexicon (an obvious pun on hopeful). I don't see anyone egregiously touting Tirex here and I'm not trying to be insulting.
Threshie is not the most reliable source for information. LOL!
You hypeful bagholders always talk about WHEN the TCS 'flies', but have no facts beyond Threshie's lame news releases. There is supposedly a Simpro TCS installation in Brazil, eh? Can anyone find where it is?
There will NEVER be a commercial TCS installation that becomes operational. The numbers simply don't work. Does anyone here even know how much it costs to set up a TCS-based recycling operation?
The technology was 'proven' years ago, so why do you think that there are no commercial installations? The answer is simple. It makes no financial sense. Go ahead and prove me wrong.
Meanwhile, another drop in price today. Steady decline toward the real value of this stock--ZERO.
MVIS heating up? Good things come to those who wait.
http://mirro7.blogspot.com/2009/11/microvision-opportunity-of-lifetime-in.html
http://www.fool.com/investing/general/2009/11/16/5-cold-stocks-heating-up.aspx
>
ROTFLMAO!!!!
I own TXMC shares from long ago, now nearly worthless, of course. Made a LOT of money on this one on its original run during the masterful Byrne pumpadump that culminated in the bogus insider lawsuit. Learned some early lessons and honed my investigative skills as Threshie took over and tried to emulate his mentor. I exposed the Crioengineering scam and the phony NJ installation that never was.
I wouldn't put a dime into Tirex. It's NEVER going to realize a commercial installation. As I foretold, its price is slowly declining and will continue to do so after the brief spike. Those here who are hyping more than likely bought (or foolishly and greedily held) on the downside of that spike and are trying to convince greater fools to buy the price up so they can get out.
So why am I here? Because I can be and to offer a well-informed voice of reason in counterpoint to the hype.
Meanwhile, back at the ranch...I'm makin' money with stocks like KMKCF, SLW and PVX as the dollar devalues relentlessly. My tech fave, MVIS, is ripe for a move up again, too.
MrFlibble- Was that your 4MM shares @.0017 today? If so, what is your target price?
As a technicals trader myself, I'm curious. What indicators were telling you to buy now?
You don't seem to get it, Scoobs. The TCS will NEVER be 'running' in a commercial installation. The potential return simply doesn't justify the outrageous cost of the gear. They claim that their 'Rutex' is a higher-quality crumb rubber, but there is no market for a higher-priced 'smooth' product.
I wish you luck, but Tirex is and always has been nothing but a share-printing machine.
Scoobs. I believe the share count must be current as of the filing date, not the end of the quarter.
So waddyathink? Authorize more shares or reverse split?
Cui bono? Certainly not those who are foolish enough to buy in at two mills expecting a ten-banger. Bid is now 1.7 mills, and it will continue to decline.
Some of us have seen 'how it works out' for more than a decade now. In my not-so-humble opinion, there will NEVER be a commercial TCS installation anywhere in the world. It's all just hype to sell ultimately worthless shares.
Good luck in any case.
Foolish move, trex. The pumpadump is over and there's nothing left but a slow, painful decline. There are no real deals in the pipeline, just tantalizingly almost credible fantasy.
Look closely at the amazingly expensive cryo recycling gear being offered and compare it to completely automated systems being offered by competitors and you'll see why nobody would buy Muro's knobby rollers.
Sorry to bring reality to your dream world, but there are many active penny scams that would be much better bets than this (ahem) tired old fraud.
LOL!
News of a cellphone deal this weekend...
But as I wrote earlier, announcements of deals with anonymous parties aren't gonna cut it anymore. The market is 'from Missouri' these days.
Microvision SHOWMX-Mini-Projektor für iPhone kommt nach Europa
Microvision wird noch in diesem Jahr seinen SHOWMX-Pico-Projektor für iPhone und iPod touch nach Europa bringen. Noch im nächsten Monat könnte der Mini-Beamer über einen großen Mobilfunkanbieter hierzulande auf den Markt kommen.
Der kleine Projektor, der sowohl mit iPhone als auch mit iPod touch nutzbar ist, ist gerade mal so groß wie ein Handy und liefert dafür eine vergleichweise gute Qualität. Er lässt sich nicht nur am iPhone anschließen, sondern auch an Media Player, andere Handys sowie an Notebooks und ermöglicht somit spontane Präsentationen und sogar Videoabende, wo kein Fernseher oder Beamer vorhanden ist. Der Projektor beherrscht eine Bilddiagonale von bis zu 5 Metern, abhängig von der Umgebungshelligkeit.
Da das Gerät zwar "Made for iPod" ist, aber dennoch mit allen anderen Mobiltelefonen kompatibel ist, bleibt abzuwarten, welcher der großen Mobilfunkanbieter in Europa sich den Deal gesichert hat. Wie viel das Gerät kosten soll, ist ebenfalls noch offen, erwartet wird ein Preis von rund $500.
http://www.macnotes.de/2009/10/28/microvision-showmx-miniprojektor-fur-iphone-kommt-nach-europa/
Serious fib retrace, old chum; the market is ugly today.
Now that the projector product is finally released, we're gonna see volume/price blips based on announcements of new distributions. The height of the spikes will be determined by the relative scale of the deals, and the era of announcements about anonymous deals is over--that won't work anymore. The timing of announcements becomes critical, and this recent announcement couldn't have come at a worse time as it's raining crap in the marketplace.
Get out your umbrella, 'cuz there's a storm a-comin'.
Meaningless. Level 2 doesn't show buy or sell.
http://www.pinksheets.com/content/doc/ps/Level2/Product/Sheet.pdf
On a day with no other trades you can't make any assumptions about that trade unless you have the actual transaction data.
Got Facebook? Here's Threshie's page:
http://www.facebook.com/thresh54
Why would you think that a trade at .0038--a price significantly below the last bid (.0042) during yesterday's regular session and the ONLY trade today--was a 'buy'?
I'm not sure exactly what the relationship really is, but I don't think it's all that Threshie makes it out to be. Frankly, I think that Simpro got suckered.
Do some real due dilligence and contact Simpro directly if you really want to know.
As I expected, the original links are broken. Such is the nature of used gear sites.
From August 2004:
Posted by: terrymcv
Location: Maryland
Manufacturer: Tirex
Type:
Model:TCS1
Year (or range of years): 1997
Condition: good
Price (in US dollars): $200K USD
Quantity: 1
Type of Seller: Non-Dealer
Description :
Cryogenic Scrap Tire Recycling System 1997 Tirex TCS-1 Consisting of: Tire Preparation Section which includes Modified Voights Model 70 Bead Stripper, Modified Voights Model 96 Sidewall Cutter, 1997 Hydryer Model 243P-SP, (1) 1997 ACD TC3000 Turbo Expander System (no trubine cartridge), American Air Plant w/ Piping
http://www.equipmatching.com/used_equipment/15/224/16162.php
Looks like they scrapped the air plant components.
Here's another link to an older listing for the gear with pix, but it's broken too.
http://www.nasset.com/open/equip/equip_details.cfm?ctgr_id=39&ctgr_nm=Recycling&item_id=6044&ref_nmbr=25990
...and another:
Shipping Pt.: USA, LUTZ FLORIDA
To contact this listing, ENTER YOUR EMAIL ADDRESS AND CLICK GO :
Other Tire Industry Equipment - Cryogenic Scrap Tire Recycling System . Cryogenic Scrap Tire Recycling System 1997 Tirex TCS-1 Consisting of: Tire Preparation Section which includes Modified Voights Model 70 Bead Stripper, Modified Voights Model 96 Sidewall Cutter, 1997 Hydystem (no trubine cartridge), American Air Plant w/ Piping www.equipment-exchange.net
This page has better contact info:
Terry McVittie 813-949-7397
terry2@tampabay.rr.com
www.equipment-exchange.net
http://www.rex-change.com/000195/cgi-bin/rexview.cgi?rex=000195&wsc=22-1704
Confirmed in Tirex SEC filing:
Until near the end of Fiscal 2002, we had one Production Model TCS-1 Plant which was composed of various proprietary and non-proprietary parts and technology. During Calendar 2001 we converted the Production Model into a full-scale commercial recycling center, with only two pieces of equipment required to be added such that we would be able to produce the quantities of fine mesh rubber crumb demanded by our identified customers. The lack of financial resources forced Management to suspend crumb rubber operations at the time of the calendar 2001 Christmas season. The continued lack of financial resources in early calendar 2002 forced Management to prolong the shutdown indefinitely. Near the end of Fiscal 2002, the Air Plant was returned to the lessor, and, subsequently, the remaining components of the system were dismantled. In order to satisfy the consulting fees and out-of-pocket costs associated with the dismantling, relocation and storage of the First Production Model, most of these components were assigned to the consultant for sale. The Fracturing Mill was sent to the Simpro facility in Italy, where it remains, to facilitate its redesign into a more compact unit.
http://www.sec.gov/Archives/edgar/data/823072/000120445904000571/tirex10k.htm
Proof enough?
Not sure who the ultimate buyers were. The system was sold off in pieces on the used equipment market. I can try to find the listings if you are interested, but they may be long gone from the web. I would suppose (but have never confirmed) that the air compressor/cooling components were claimed by the manufacturer that was suing Tirex for stiffing them. I'm assuming that Muro's knobby rollers (the only proprietary component) were not part of the sale. They probably went to Simpro.
3 million is an insignificant number of shares (.2%) when there are 1.5 BILLION shares outstanding. Six months ago there were 'only' about a billion, but even those shares have been diluted by the issuance of another half-billion.
I remember when shareholders were asked to vote on an increase from 160MM to 250MM. A number of us objected on the basis that the new shares would dilute our equity and the measure barely passed. That was the nail in the Tirex coffin and it wasn't long before the company stiffed everyone it had dealt with, closed up its shop, sold the TCS prototype for scrap and moved to a file drawer in Threshie's home office.
What's wrong with this picture?
As at March 31, 2009, the Company had 978,992,216 Common shares issued and outstanding, versus its authorization of 1,000,000,000 shares.
http://www.sec.gov/Archives/edgar/data/823072/000120445909000949/tirex10q.htm
On May 7, 2009, this authorization was further increased to 1,500,000,000 common shares
http://www.sec.gov/Archives/edgar/data/823072/000120445909001333/tirex071709form10qa.htm
A shareholders list provided by the transfer agent as of October 8, 2009 details the outstanding shares to be 1,474,283,645 as of that date.
http://www.sec.gov/Archives/edgar/data/823072/000120445909001889/tirex101309exh991.htm
Looks like the company has issued half a billion shares in six months and is once again up against its authorized limit.
Pure pumpadump! Hoist the Jolie Rouge!
I know more about Tirex than most, Lara. Been following it for a decade and I still have some shares that I found in an old account. I made a lot of $$$ on its original run, but began to dig deeply into its affairs as Byrne cashed out and the price crashed forever. I busted Threshies lies about the ever-imminent NJ installation that never was and the incestuous Crioengineering 'deal'. I had a long, direct correspondence with Ash and have stacks of details in my files here, including the earliest SEC filings that are only available in paper form.
It's too bad that Raging Bull deleted all of its old posts as there was quite a bit of good, solid verifiable info posted in the face of the hypeful pumping. Visit over there and you'll still find some of my later posts that you may find useful.
ROTFLMAO!!!!!!!
How delightfully toutish. Threshie was Byrne's protoge and has never accomplished anything; Ash was Byrne's partner and has backed a series of scams and failures. There will NEVER be a production TCS--its fundamental financial model is fatally flawed.
Can you make money on a PR spike? Sure, but ya gotta be quick.
Tirex has always been and will always be a scam, Scoob. There will never be a commercial TCS installation, but a lot of shares will be traded. Sell on the spikes.
Here's a rare photo from the great Tirex pumpadump of 1999 for ya. Pictured are Terence Byrne, the former Tirex president and international arms dealer; and Lou Muro, the inventor of Tirex' knobby roller technology.
LOL! MOU's again? Threshie can't even spell the company name correctly.
Matrade Reg. No. 18556
Name: ENCHANTEX SOLUTIONS SDN BHD
Business Address: K-9698, 1ST. FLOOR JALAN KUBANG KURUS TAMAN CHUKAI UTAMA, KEMAMAN 24000 TERENGGANU
Factory Address: KAWASAN PERINDUSTRIAN TELUK KALONG MUKIM TELUK KALONG KEMAMAN 24000 TERENGGANU
Telephone: 09 - 8585155
Facsimile: 09 - 8583154
Email: cryogenm@tm.net.my
Registration No. (ROC/ROB): 640283V
Incorporation Date: 20 Jan 2004
Type Of Business: MANUFACTURER
Business Enquiry Contact: MR. RAUL BARKER
Designation: BUSINESS DEVELOPMENT MANAGER
$4.92 is a perfect 23.6% fib retracement...
...from the low of July 7!
Ouch!
So, the question of the day is...
WHO is the mysterious 'Asian marketing and distribution' partner?
Profits? We don't need no steenkin' profits!
LOL! Today is the first time in YEARS that my account displays green for HOMS. Stimulus money, eh? Your tax dollars at work.
Well, Cramer's logorrhea hasn't had much impact so far today. There's no obvious run for the exit. Not measurable however is how many potential buyers he discouraged.
I fear that MVIS has peaked for now and we're gonna see some retracement. Can you say 'fibonacci'?
Cramer is a frakking jakkass!
News this morning...
CNBC's Mad Money Jim Cramer says not to buy Microvision, Inc. (NASDAQ: MVIS) and called it as a "too speculative" stock.
http://www.benzinga.com/16110/media/cnbc/jim-cramer-says-sell-mvis-q-and-buy-gra-at-t
Just how influential is this moron? I guess we'll find out today.
Your big toe and the chart seem to agree.
Five bucks makes MVIS marginable, and thus the importance of that threshold. 'Twould be nice to see more significant news...sooner rather than later or the momentum will fade. Ultimately, MVIS is a story stock and as the memory of the market is short, the story needs to be retold frequently.
Any other old-timers here who remember the run from October '98 to March '00? Ran from today's level to over $30, retraced and then topped out at $68!!
Those were the daze!