Sunday, February 24, 2019 11:16:41 AM
Yes, there are index funds that invests they way you're suggesting, but Black Rock is a hedge fund and is under no such obligations. While I agree with you that just because institutional investors invest in a stock it's by no means a guarantee, however, I think your explanation that they essentially threw a dart on the wall and it hit VUZI so they decided to go out and buy 6% is overly simplified.
The filing by Black Rock also leaves open the possibility that they bought the shares on someone else's behalf.
Finally, no doubt that VUZI's performance has been disappointing, but as far as I can tell that's pretty much the case for all the companies in this space. If you look at KOPN which is the manufacturer of the display components for the M300, Google Glass (EE) and Realwear, that stock has performed far worse than VUZI. So it really comes down to if you believe there is a future in AR or not.
Why are you critical of VUZI for going to Barcelona and promoting their products? What would you suggest they do instead?
Recent VUZI News
- Vuzix Receives $10 Million First Tranche Investment from Quanta Computer • PR Newswire (US) • 09/16/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 10:30:17 AM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 09/12/2024 08:15:44 PM
- Quanta Computer Enters into a Strategic Investment in Vuzix in Support of Long-Term Waveguide Design and Supply Partnership • PR Newswire (US) • 09/03/2024 12:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 12:10:36 PM
- GPS TUNER Selects Vuzix (NASDAQ:VUZI) Z100 Smart Glasses to Bundle as a Heads-Up Display for Their eBike Software Offerings • PR Newswire (US) • 08/16/2024 12:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 06:08:29 PM
- Vuzix Reports Second Quarter 2024 Results • PR Newswire (Canada) • 08/14/2024 08:40:00 PM
- Vuzix Reports Second Quarter 2024 Results • PR Newswire (US) • 08/14/2024 08:40:00 PM
- Vuzix (NASDAQ: VUZI) Employs New Micro-touch Imprinting Process to Increase Optical Waveguide Performance and Production Throughput • PR Newswire (US) • 08/13/2024 12:00:00 PM
- Vuzix (NASDAQ: VUZI) Introduces M400 Xtreme Smart Glasses for Use in a Variety of Harsh Workplace Environments • PR Newswire (US) • 08/12/2024 12:15:00 PM
- Vuzix Schedules Conference Call to Discuss Second Quarter 2024 Financial Results and Business Update • PR Newswire (US) • 08/01/2024 06:00:00 PM
- Vuzix (NASDAQ: VUZI) Wholly Owned Subsidiary Moviynt Receives New Key SAP Certification • PR Newswire (US) • 07/30/2024 02:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 12:17:30 AM
- Leading Asian Hospitals Use Vuzix (NASDAQ:VUZI) Smart Glasses to Enable Next Generation Surgical Instruction • PR Newswire (US) • 07/01/2024 01:30:00 PM
- Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Full Color Optical Reference Design for AI-Enabled Consumer Smart Glasses • PR Newswire (US) • 06/20/2024 02:45:00 PM
- Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Optimized Optical Modules for AI-Enabled Smart Glasses • PR Newswire (US) • 06/19/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 08:10:05 PM
- Vuzix (NASDAQ: VUZI) Announces Its Intention to Offer High Durability Plastic Waveguide Design and Production Capabilities • PR Newswire (US) • 06/18/2024 01:35:00 PM
- Vuzix (NASDAQ:VUZI) Revolutionizes the Display Technology Industry with Introduction of Large Format Waveguide Design and Manufacturing • PR Newswire (US) • 06/13/2024 01:31:00 PM
- Vuzix (NASDAQ: VUZI) Continues to Receive Smart Glasses Reorders from Xander to Meet Rising Demand for Their Award-Winning Captioning Glasses for the Hard of Hearing • PR Newswire (US) • 06/10/2024 01:31:00 PM
- Vuzix Annual Shareholder Meeting to Be Held on June 13, 2024 • PR Newswire (US) • 06/04/2024 03:45:00 PM
- U.S. Air Force Agency Awards Vuzix (NASDAQ:VUZI) Development Contract for Augmented Reality Head Mounted Displays • PR Newswire (US) • 06/03/2024 01:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 06:59:02 PM
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PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM