Vuzix Corporation (VUZI)

[growacet]

The slide continues, but I don't sense capitulation yet.....

In my view capitulation is signified when volumes are much larger than just 400K or so....with Vuzix having around 27 million shares out I'd think if it tanked on volume of 3+ million, then I'd think that capitulation was taking place.

Bottom line here of course is cash in my opinion....of which Vuzix has precious little left, especially with Google jumping back in and snapping up a deal with a company like DHL.

$10 million left as of March 31st...burn rate up to that point around $2 million p/mth. If the cash burn has remained about constant in April and May then they'd be down to somewhere around just $6 million left now.