Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
China. I’m guessing ole Curt had a new partnership and product for touch holography called China Optics Video with 19” display, but ran into a setback trademarking “COVID-19” in January. Curt has the worst luck!
I kid. ;)
glta
Dilution continued but pretty much maxed out now. O/S is up, now at 397M. All unrestricted. No amendment to increase A/S.
From the PR: “ Provision... is pursuing all available channels to collect the full awarded amount.“ Hmmm. Got me thinking. At least we know they are STILL owed the almost $500K, a nice shot in the arm financially. IF they ever collect it. The PR might be a tactical step to shame Prosperity to pay up before going after their accounts legally and through collections. JMHO
glta
Let’s hope so. Guess next up for news could be the China connection, is Coinstar making us any money or are they going it alone with their flatscreen adPlanet? Or maybe just if we can take Mark’s face off the milk carton yet. ;)
OTC markets should post the updated o/s today by eob. It will be interesting to see how close this month’s dilution got to the a/s.
Another good source for the latest filings by Provision is Nevada’s Silverflume business portal. Primary source for any amendment to increase a/s. I note there is no filing (yet) for their 2020 annual list due in February, though there are COVID-19 filing allowances per the site.
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
Entity Number:
C3039-2004
The lawsuit was won and closed in October 2019. This was known to the regular board members here at the time. Curious to release that as a PR in June 2020. Seems to have a lot of new board members excited and pushing up the SP, so please don’t stop :)
glta
When 13% of a company’s shares trade in a day, that’s no fat finger adding a few too many 000s. :)
Pretty intense trading and hard to imagine it was just mo-mo traders for such a thinly followed/traded stock. Somebody was buying everything in the AM. Just rank speculation and IMHO, but smacks of “somebody knows something” or buyback (did they find some new funding?!)
Whatever it was, that was fun. Let’s see what news or trading action comes next week. GLTA
One of the most interesting things about Provision is studying its history. It has a pattern of finding a single angel investor, announcing a large deal, promising the moon/failing to launch/getting left at the alter by angel investor and then going dark for years. Wash rinse repeat. Question is, is this the last cycle?
O/S up another 26M shares this last month to just under 383M per OTC Markets. This was entirely unrestricted stock (303M to 329M), equaling roughly $21K at the average trading price.
This has been the typical dilution pattern since the new year. Whether it is the company desperate for opex, or noteholders converting at pennies on the dollar, one thing is certain — it can only happen for one more month at this rate before maxing the A/S.
This looks like the end game over the next couple months, imo. Either one of the “several initiatives”(TM) pans out for yet another financial shot in the arm, we see an amendment to the A/S with more dilution to fund a hobby business, or it implodes under the debt soon.
Thanks for sharing that. Interesting! They mention 3D Touch working on the smallest HL17 which has a foot print of 15-1/2x18-1/4x10 inch. Wonder if that system could be miniaturized to say half the size? A smaller size might work well for elevators, self-checkouts and vending machines.
The local Safeways have gone to wrapping then rewrapping the self-checkout credit card PIN terminals with kitchen wrap as part of the Covid-19 mitigation. I’d just as soon never touch a screen in public, even before the latest pandemic. Amazing how several retailers still ask questions on those terminals even today (food bank donation at Safeway, type of receipt at Harbor Freight, pet shelter donation at PetSmart) that require touching the screen or stylus, despite the RFID and chips making the financial part essentially touch-less. Good market going forward for touch holography, IMHO.
Maybe academic at this point for PVHO. Hope Curt and company (and us here) don’t look back in years ahead and say “missed it by *that* much...”
glta
3D Air TouchTM
Hiding in plain sight on the Provision website. Hat tip to RomanR on the Yahoo board. Scroll down the Custom Solutions page to 3D Air Touch.
https://www.provision.tv/solutions/custom-solutions
Question is, do they have any dry powder to fund, market or commercialize it? Talk about lemonade stands in the desert....
glta
Of course. One can get all the non-answer answers for non-public information that one’s heart desires. Useful as Proof of Life at least. ;)
Hard to know anything really for a publicly traded company that goes dark like Provision. They claim to still be in business as of last week. We’ll have to see if it’s more than being in the business of going out of business. A few things which would be interesting to know regarding their funding:
1. Did they collect on the $458,000 in damages from Prosperity awarded in October?
2. What, if any, ad revenue is being generated by the 700 Coinstar topper network?
3. Who is (diluting) selling millions of shares each month for a few $ thousands?
4. What was sold to the unnamed Chinese company, for how much, and what might be the future product/relationship?
5. Is the JVA with London & Scottish Investments Ltd and the ‘UK based family office’ still active, is the additional funding available and did it involve European Coinstar markets?
6. Is Coinstar still committed to the project and was there any interest in financing or a buy out of Provision?
It’s getting late in the game for Provision and there is maybe time for one last Hail Mary. One way or another PVHO won’t be bouncing along the bottom for much longer. glta
Dodgeball
Looks like one noteholder has successfully sued Provision in federal court (1:20-cv-00563). Default judgement order for $180k in damages posted last Friday. It doesn’t appear the company fought the case....
“It’s a bold strategy Cotton. Let’s see if it pays off for ‘em”
Unrestricted IIRC. EOM
O/S +27M to 356M per OTCMarkets updated 4/13.
https://www.otcmarkets.com/stock/PVHO/security
I doubt it, as I don’t recall them mentioning it in recent years. Not to say a (Chinese) partner might not develop touchless products using Provision hardware.
At least two things are encouraging though, so I mention the connection.
First, Provision sold units to and expects to partner/supply/license with an unknown Chinese company. Per their last PR: “The Company recently sold and shipped several hologram units to a China-based digital media company, which Provision anticipates will establish a long-term relationship.”
What is the company and product?
Second, it appears there is an emerging market for “touch holography” products in China and some products are currently available. Could this be a potential market for Provision?
I found these pictures of the Easpeed products mentioned in the previous post:
“A staff member adjusts a non-contact self-service machine at the Anhui Easpeed Technology Co. in Hefei, east China's Anhui Province, March 9, 2020. A number of non-contact self-service machines and non-contact elevator buttons have been put into use in many hospitals and office buildings in the city to help reduce the risk of cross-infection in public areas. These devices, taking advantage of a kind of interactive holographic air cast imaging technology, can project elevator buttons and operation interface of self-service machines into the air to enable users to complete operation without touching the real objects.”
http://www.xinhuanet.com/english/2020-03/10/c_138860456_2.htm
GLTA
A touch holography project using Provision from 2009.
“The so-called Touch Holography is essentially made of three parts: Provision Interactive Technologies’ Holo display, two Wii remote controls to track your hands in front of the display and a tactile display that uses ultrasound to provide tactile sensation onto your hand.”
https://techcrunch.com/2009/08/06/touchable-holography-new-projector-lets-you-touch-3d-objects-with-your-hands-video/
Demand in China surges for “no touch” hologram buttons
http://www.globalconstructionreview.com/news/demand-china-surges-no-touch-hologram-buttons/
Very similar look to PVHO tech....
Happy New Year! Here’s to a prosperous and joyful 2020 for everyone posting and sharing. Good luck to us all here and elsewhere in the coming year. That includes the FUDsters and trolls. But for those obviously still working through the anger phase of the loss process here, please consider adopting a rescue dog... ;)
Cheers!
Starting installs at a new grocery partner is encouraging. Not typical behavior of a company “in the business of going out of business”. Appears they are managing to finance and continue the California rollout slowly, somehow, through ad revenue or “JVAs”.
At about 1-1/2 years into the Coinstar partnership, one would think that the slow rate of installations of toppers by Provision would have already triggered a non-performance clause in the agreement. Coinstar (and Stater Brothers) apparently are signing on to expanding the network. That seems to show recent and continued support from partners. glta
The Adfresco site is defunct but Provision’s ad had a map there of SoCal locations with a key listing Stater Bros locations. They have approximately 200 stores.
There are topper installations now at Stater Bros around San Bernardino. This appears to be a new grocery partner. glta
Another fact about Blackhawk.
Blackhawk was founded and owned by Safeway, until they divested in 2014. Interesting nexus with the partners Provision, Coinstar and Safeway/Albertsons. The players seem to run in the same circles. Even if it's just coincidence (unlikely), it's still helpful for possible success with the CA rollout. glta
Interesting and a plus imho. Good catch y2ks2k. eom
Coinstar appoints new VP of Products
No direct mention of ‘coupons’ but new leadership might bring renewed support or promotion for advertising/couponing.
https://www.nbcrightnow.com/news/state/coinstar-names-michael-jack-vice-president-of-products/article_67a47b59-59b8-5f9d-bd00-0f8e68d94f1a.html
It worked for me up until February and the CoinMe launch, though with the Google Map API you have to be spot on geographically. Put in a place name two miles away for the default center like in San Francisco and it returns very different results.
What I find interesting is that the coupon filter results went dark for seven months, and Coinstar’s customer service call center (Indian contractors) had received no training on it or its existence when asked this summer. Doesn’t speak well for Coinstar IT/BD groups if the blackout wasn’t deliberate. I like to think it was by request of a certain three headed puppy, but that’s just speculation on my part.... :) glta
Encouraging sign from Coinstar.
Coinstar’s coupon finder was a good way to track the rollout in Safeway in California in 2018 into early 2019. After Coinstar partnered with CoinMe for bitcoin in the spring the coupon finder went blank. It started showing coupon locations again this week.
Seeing a few new locations in nocal and verified them with a call to the customer service counters. Whether it was an IT issue or conscious decision to not market the coupons, it’s a good sign that it is functioning again.
https://www.coinstar.com/coupons
Pay-per-click is a term mentioned in regards to ad pricing models in the trial transcript. There are no details mentioned, just that it is similar to website ad pricing per page views.
Just speculation on my part, but maybe the hologram and screen button/coupon ad fees are adjusted by “pay-per-click” (coupons actually dispensed and redeemed by users) vs just “impressions” (passive viewers).
Filed 10-18-2019 and posted Friday on Pacer. eom
Court increased damages awarded to Provision
Looks like no show Prosperity (Jahn) now owes Provision $483.2K. Not the millions in damages they wanted but better than the first ruling.
I am not sure of the pricing, but they are calling that the "pay-per-click" component of the model along with the holographic ad and the screen button. Per the case transcripts in February the latter are about $50 and $25, respectively, That's per month, per customer, per unit. For example, with six advertisers on a thousand machines that is $5.4+ million in annual sales. The catch is that pricing apparently is only for when they reach the ever elusive 1000 units mark and sales revenue is likely much lower currently.
The comatose patient wiggles a finger...
PRN updated their Coinstar Savings Center Network webpage. It now reads 300,000+ users per month and 700 locations, with 20+ million impressions.
Industrial designer portfolio page with Coinstar topper.
Tandem Product Design
https://www.core77.com/firms/tandem/Back-to-the-Future-Coinstar-Provision-Hologram
.../)...
Older article in Coupons in the News. Article lists some of the initial coupons and big brand advertisers from the 2018 rollout: B&G foods, Coca-Cola, Wells Enterprises and Bayer AG.
From the article:
"Many of the coupons are high-value offers that you can use right in the grocery store. According to a Coinstar spokesperson, there are about 20 offers currently available, some of which include:
* Save $1 on Cream of Wheat
* Save $1 on Smartwater or Zico Coconut Water
* Save $2 on any Bayer Aspirin product
* Save $10 on any Aleve Tens device
* Save $1 on any one pack of Blue Bunny swirls
* Save $2 on any Claritin
* Save $2 on any One-A-Day product"
http://couponsinthenews.com/2018/06/08/now-you-can-turn-your-coins-into-coupons/
Also note the link mentioning Coinstar being granted a patent for their kiosks dispensing coupons in 2015 and having plans to do grocery coupons, three years before eventually partnering with Provision.
http://couponsinthenews.com/2015/09/22/turn-your-loose-change-into-personalized-coupons/
.../)...
Two Provison ads posted on Adfresco. Some interesting information like a map of potential CA groceries, ad buy pricing of $5000 (per month?) and the trade show demo by a Coinstar rep linked below.
https://www.adfresco.com/?q=Provision
PRN updated kiosk count to 660+ this week. In January their webpage for Provision read 400 and forecast "Locations in Q1 2019 ~1k". It was updated to 570+ in early March and the 1000 forecast was removed. Site also includes older Coinstar/PVHO marketing data, trademarks of the three grocery chains currently in network and a sample coupon.
PRN site for Provision network
https://www.prn.com/coinstar-savings-center-network-powered-by-provision/
2017 PVHO PRN PR
https://www.provision.tv/news-media/press-releases/detail/157/prn-teams-up-with-provision-interactive-for-a-triple
.../)...