Replies to post #3817 on Vuzix Corporation (VUZI)

[growacet]

That's it in a nutshell.....

I didn't go long on Vuzix back in late 2017...in November it got down around the $5 area before getting pumped to $11+ in January. Hindsight being 20/20 its obvious that pump had nothing to do with results...the company ended up losing more money in 2018 than in any previous year I believe, net loss applicable to common was $20+ million. But regardless the company raised something like $40+ million in December 2017 and January 2018 by printing off more shares.

Same thing is happening now I believe...pump up the PPS in order to refill a depleted balance sheet and stay in biz, keeping the gravy train rolling merrily along with yearly trips to places like Vegas and Barcelona...and lucrative executive compensation packages.

The emperor has no clothes...but rather than arguing with the geniuses who say its a beautiful and exquisite outfit, I'll just ride the pump if it plays out the same way again.