Looks like a few different catalysts are coming together finally.
Institutional buying is picking up with Vanguard and Blackrock both holding decent sized positions now, along with a pretty broad roster holding smaller positions.
M&A appears to be on track and with what is happening with the mojors (MSFT, AAPL, FB, Google, etc) the timeline for an announcement could get moved up a bit. I'm still personally in the "announcement in October" camp, but could see something sooner with the bickering among the most likely suitors.
Shorts starting to get squeezed. They have been on the failure to settle list since September 1st, shares are getting hard to come by for shorting and the borrow rate will make your eyes water.
Price is definitely a big unknown still. With the rumored rejection of $500m offer a few years ago, that is a pretty safe bet for the worst case scenario floor (about $3.50/share) leaving anything under $2.50 entry plenty of upside at $1+ and likely a lot more.
With Luminar receiving a $3.4b valuation, Velodyne at about $1.8b, Occulus being bought for $2b, and a few others it isn't unreasonable to think MVIS could end up in the $3b+ range with their IP and better tech. Time will tell, but I'll be happy with anything over $12/share
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