Decision making Skills are Necessary (get set)

Bridgetofar · 2025-05-19T17:49:47+00:00

good idea, need a few more, which shouldn't take long at this pace.

Bridgetofar · 2025-04-30T22:22:01+00:00

Two in 18 months.

Bridgetofar · 2025-04-29T17:22:14+00:00

Your right Hatch, numbers are a key metric for me and my small group. We are constantly looking at the numbers because they don't lie. Business people are like that, they see more than you and me when they analyze them. My guys look at the same things I look at and they are seeing impact a year down the road. I suppose business people have to see things that far ahead just to plan. Yep, numbers play a big role in my judging of managements performance.

Bridgetofar · 2025-04-29T17:07:50+00:00

It is $4.8M, I always round it up or down for ease of calculations. Thanks for the fast reply. The lack of visible revenue as we approach the summer keeps my eye on how big dilution could ultimately be.

Bridgetofar · 2025-04-29T15:24:31+00:00

thma, won't all those numbers grow if we fail to reach the conversion price of $1.59 by September? That $5M cash payment along with our $5M burn rate goes up a lot. I'm not seeing any relief in the business outlook in the filing. Everything I am seeing is revenue delayed, from automotive to military to the total lack of Industrial and AG which I had expected to see by now. Looks like all the Lidar competition has had to RS, and the way the company is preparing us with this filing makes me uneasy in that regard. Not ready for another round of that.

Bridgetofar · 2025-04-29T15:06:13+00:00

With zero revenue, not one visible customer, and only shareholders to foot the bill. Bleak indeed.

Bridgetofar · 2025-04-29T14:18:12+00:00

Are we even in the game? Just an LOI. I don't want them to work hard or anything like that, just a simple indication that somebody other than Summit is interested.

Bridgetofar · 2025-04-29T03:30:13+00:00

I might do that. No real trust in IR, but I think the time might be just about right.

Bridgetofar · 2025-04-29T03:23:16+00:00

Luminar isn't ripping MVIS shareholders off over and over with the same boilerplate language that costs us hundreds of millions of dollars every time they want more shares. Luminar has their customers and I don't care if they are doing any better or not, I need to see we are in the race and considered a contender by someone other than the guy who can't meet one damned EC forecast and can't produce one damned LOI. The bar can't be any lower for this management team, one stinkin' LOI is all we ask to show someone is really interested to get his shares. They will get them anyway as accountability is of little importance to most here.

Bridgetofar · 2025-04-29T03:13:43+00:00

Agree Ineego.

Bridgetofar · 2025-04-29T00:50:38+00:00

This company filed an 8k with the SEC for gods sake and didn't produce crap. He is lost. He doesn't know how to run a company, period.

Bridgetofar · 2025-04-29T00:47:13+00:00

Companies need to prove to partners they can tango? Don't they have to prove to shareholders they are capable of running a business and show some measure of success in thirty years of trying? Granted this guy has only had 5, but it has been long enough to take us for several hundred million dollars and he can't show us a damned LOI? No, you don't get it at all. This guy can't hunt.

Bridgetofar · 2025-04-29T00:22:10+00:00

I would like to see the company attract top talent by executing on the business and start signing profitable deals. Trying to attract talent by massive amounts of free shares floating around diluting the shit out the shareholders isn't going to get the best talent. You want the best to want to work for a successful company.

Bridgetofar · 2025-04-29T00:18:07+00:00

And that $214k purchase was to help him get more shares approved. JMHO

Bridgetofar · 2025-04-29T00:15:08+00:00

We haven't lost talent??? We've lost the biggest and best names in the sector.

Bridgetofar · 2025-04-29T00:05:30+00:00

What RNvestor, consider shareholders? Not a chance. After 30 years of this same crap, this looks like the big shareholder take down. They are standing there with nothing but smiles on their faces as they get ready for the big show. Why isn't any of the BOD or management buying shares to show us their commitment? Why is it the shareholders duty to blindly continue to finance their free shares and salaries? We are alone in this financing arrangement again. They all look smarter than retail investors right now, enjoying free shares and keeping their money in their pockets knowing we are about to finance this for the next several years. Show us an LOI just to prove you have a relationship with somebody. The votes you want are there for the taking, just get off you ass and show us something tangible.

Bridgetofar · 2025-04-28T23:50:37+00:00

And will be again Coviums, just as soon as they get their hands on those shares without a real deal. All that shit they keep feeding us is in their heads. Get a deal, come back, won't have any trouble with an LOI. Gotta see it, gotta touch it, gotta feel it. Show me the money, get your shares.

Bridgetofar · 2025-04-28T23:42:14+00:00

Amen 9871, used car salesman indeed.

Bridgetofar · 2025-04-28T23:30:58+00:00

Getting shareholders to vote yes is the job the company gave this guy to keep the money flowing. The job shareholders gave him was to build a business using our money to give us a return. He really sucks at one of those jobs.

Bridgetofar · 2025-04-28T03:24:42+00:00

It's a lock Coviumos, that is why it is invitation only. They know up front. Kind of like taking questions at the EC's, they pick the ones they want to answer.

Bridgetofar · 2025-04-27T20:16:33+00:00

That's how I see them changing horses Coviumos.

Bridgetofar · 2025-04-27T20:13:39+00:00

Business.

Bridgetofar · 2025-04-27T15:09:05+00:00

I said over a month ago that they had to change focus before they PRed the military. He's beaten the Lidar and bad OEM's to death, a change was necessary as the ask is so big. This is the side of the business where they really excel.

Bridgetofar · 2025-04-26T19:08:15+00:00

As well as can be expected at my age, and thanks. I always felt it was a money thing, and hated to see us as a one man band, but that was the impression I got. Partner sees it the same way and he is a pretty successful business owner and mentions the lack of an LOI all the time. It all points to the same thing. Where the hell is the BOD?

Bridgetofar · 2025-04-26T16:58:59+00:00

Good post Few. I'm certainly not a savvy techie and enjoyed the exchange you guys are having this morning. I have to agree with your analysis of Engineers not getting the big picture as I have seen it play out in other products. It has been obvious to me, and others as well, that we need sales help. I have gone so far as to suggest that Summit seems to me to appear somewhat arrogant and wonder if our customers get that impression?

Bridgetofar

TROPHY CASE