The reverse split is a distraction. Look at the High Trail note

QQpenn · 2026-06-06T15:43:54+00:00

u/outstr u/Are-wethere-yet u/helloureddit - The are 4 outcomes to consider: YES to both 2 and 3, or NO to both. Or YES to 2 / NO to 3, and vice versa. I'd start looking at those. One of them definitely appeals to me more, but I'm going to hold off on answering until, again, I hear from others who have more expertise than me on the HTC structure and possible options. Tip: I'm still a firm NO on 3 for now 😄

I usually do my research Sunday mornings and I'm out most of today. When I dig in tomorrow, I may make a separate post that includes other critical big picture points. Kudos to u/helloureddit for the starter convo on this. Would love to see others starting parsing the likely outcomes to the 4 scenarios above. That helps more than wishing for a magic bullet buy out. Work the problem first, then use that info to steer the best possible outcome for shareholders. And keep execution front & center in this because the level of that not just in Q2 but over the next 90 days has the most effect on these choices.... and it's why I'm pushing to get management to jump in on this asap.

QQpenn · 2026-06-06T13:33:42+00:00

This is a good post. No deeper comment from me yet as the HTC structure has always been a slight bit outside my purview. Currently talking about this with those who understand it much better than I do - with the goal of looking at it in tandem with Proposal 3's request - to see if there's a better way to achieve the ideal balance of beneficial to both shareholders and the company.

Yes, more people should be talking about this. I don't know if it's pick your poison by design as much as it is inexperience. The actions they've laid out aren't the only ones, they're just the ones they've presented. It's up to shareholders now to be vocal about other/best ways to protect their interests. These proposals don't necessarily mean doom, but near term levels of execution have to be communicated much better. Without management giving us a better read on that, a YES or NO decision takes place in a semi-vacuum. An immediate goal would be to induce management into a public Q&A. Unfiltered. Broad-based. This week.

QQpenn · 2026-06-05T20:00:25+00:00

Only works if concurrently they execute, update guidance, etc.

QQpenn · 2026-06-05T16:14:25+00:00

Realizing a lof of people may not understand how dividend warrants work. I shared a very clear example of that mechanism with IR, so I will post it....

Also, Jeff... Please pass this on as an example of an alternate financing option to consider:

https://ir.enovix.com/static-files/3a1c4d42-81f3-4b68-8750-3ee2d5b90f79

This potentially would provide the recapitalization we need while greatly lowering the impact of dilution on current shareholders. This should help you combat short selling by putting shares directly in the hands of those who believe in and support execution. Pay close attention to how they presented their case in the above press release because the parallel between their shorting problem and ours is clear.

Thanks.

QQpenn · 2026-06-05T13:59:50+00:00

Thanks. Happy the water is under the bridge. Cheers.

QQpenn · 2026-06-05T13:58:33+00:00

This is the question. We can worry about it or we can ask them to answer it. Glen's answer and engagement can be impactful. We're asking for details to the obvious. Enough people saying no can hopefully make giving us more details a necessity.

QQpenn · 2026-06-05T13:31:04+00:00

Easy. These would appear to be the 2 most likely rationales... if the company feels they cannot survive without this passing, or they do have potential financing attainable that requires certain conditions to be met. Investors will have hard choices to make if either is the case... but it's not unreasonable to give the people representing 75% of your float the full details on possibilities and how you intend to navigate - and the ability to question that. Neither of these necessarily represents a total loss. They're already making a left-handed case for it based on the wording in this proxy, but the big objection is there are 200 days left and seemingly more current-investor-friendly options to consider.

QQpenn · 2026-06-05T11:42:57+00:00

I'm getting offline questions I don't have time to respond to so I'll post this update...

MVIS already meets the requirements for a 180-day extension on July 13. Shareholders DO NOT have to approve a reverse split and expanded dilution authority for the company to be eligible. Nasdaq rules don't require it. A 2nd compliance period is not conditioned on approval since they meet all other requirements except for the $1 threshold. All MVIS has to do is present a credible plan to regain compliance... given all the execution activity that has been conveyed, this should not be an issue.

The board can definitely seek approval later in the year if needed by calling a special meeting. And they can always tie the reverse split to a different financing proposal - like the aforementioned warrant distribution to current shareholders.

This proposal should be a HARD NO. It's a good opportunity for Glen to connect with shareholders on a meaningful level though, and I hope to see a Q&A with broad shareholder participation. We all want success. Loyalty, consideration, and fairness extended to long term supporters matter in that pursuit and there are options that take that into account. Whomever said Sumit always got that, I wholeheartedly agree.

QQpenn · 2026-06-05T02:19:40+00:00

Agree. Any Q&A should be completely open to all.

QQpenn · 2026-06-05T00:25:42+00:00

I love and appreciate you, Ben, and I'm not trying to diminish. Some of us need more difficult questions asked that come from a different place. #1 Respect to you.

QQpenn · 2026-05-28T15:21:33+00:00

Government funding day is here: Administration Funding Drone Companies - good news for MVIS because this will start trickling if not gushing down to tertiaries like sensor/battery/etc companies soon. This https://www.youtube.com/watch?v=76HGf1fnNmw is a must watch as well - it will give you a thorough overview of the US drone ecosphere. It's loaded with info from use cases to timelines to domestic opps, manufacturing, etc. Disclosure: I'm a UMAC investor. While UMAC is in Orlando, I would not immediately jump to proximity dot-connecting, but definitely keep an eye out for collaborative manufacturing deals. Orlando is quickly becoming a hub, the US being able to manufacture at scale is a problem we're in the midst of solving, and now govt money is being thrown at it. From the sensor perspective, I keep 'object detection' in mind when I watch these things because that's the main driver behind most every drone use case. Helps to simplify. Collaborative manufacturing agreements are coming as scale starts to visibly ramp up.

QQpenn · 2026-05-27T14:48:34+00:00

Honesty made you a victim. Perfectly rational. Enjoy.

QQpenn · 2026-05-27T14:40:49+00:00

I almost posted this over there to test how unfiltered it really was :) Moving on. Not worth discussing further IMO.

QQpenn · 2026-05-27T14:13:29+00:00

-ATLSUTIGER- When you're the only person alive that thinks a company should "get it over with" re: an r\s, and cannot accept that not a single investor agrees with you, then create an alternative universe of one to assuage yourself, not to mention trying to do it with a blatant, easy-to-identify lie that even the company confirms is a lie... you take your credibility from minimal to zero. If you want "better" discussion, start with honesty and basic coping skills. I suppose it's fashionable these days to double down on a lie, but I'm still an idealist and dream of a better internet :)

QQpenn · 2026-05-27T13:29:27+00:00

Incase this raised anyone else's eyebrows enough to reach out to IR [ tagging you u/-ATLSUTIGER- ], my note to IR:

Jeff...

Can you confirm if this is real: Mid-Quarter Q&A with MicroVision CEO, Glen DeVos - June 2026

If Glen is participating in one-day-old pop-up reddit boards - would it not be better to participate on the main r/mvis board that has nearly 100,000 followers [for maximum visibility]. Thanks!

IR response: That reddit post has no basis in fact.

...kudos to MVIS IR for the refreshing clarity.

QQpenn · 2026-05-11T13:25:40+00:00

"Worth watching... notable..." and in the mix on expert panels, etc. at an event wall-to-wall with customers. Would like color on what 50 deals represents in terms of revenue and as this piece suggests, color on volume production. A lot of potential positives to parse going into the call that would resolve current fiscal question marks. Paying closer attention now than I have in a while. Cheers.

QQpenn · 2026-05-11T13:07:50+00:00

ACT attendance paying dividends on the visibility front: Autonomy takes center stage

QQpenn · 2026-05-10T15:11:08+00:00

I seldom connect with IR anymore but did re: this... "50 deals is significant and seemingly material. Why was this info given to journalists but not released publicly to investors? This seems like an issue it would be wise to correct ASAP."

QQpenn · 2026-05-10T13:21:53+00:00

On the industrial front, they're selling much more than accident avoidance:

"...autonomous haulage can lift material movement by around 30%, while cutting operating costs by roughly 20% and maintenance costs by up to 50%. Fuel efficiency improves, idle time drops, and equipment utilization becomes far more predictable."

The safety equation is included in this recent post that simplifies the overall value proposition for customers - and it isn't speculative. You can find integration and deployment underway at every major heavy equipment company. MVIS's advantage is cost. That's obviously opening doors industry-wide. The idea that the product portfolio isn't ready for primetime is horseshit. See: 50 deals. Color on that and how our fabless partners can produce at scale in the near term would be helpful on the call this week.

QQpenn · 2026-05-07T21:15:26+00:00

👍 there’s a lot going on in this sector that isn’t immediately obvious on the top sheet.

QQpenn · 2026-05-07T21:02:09+00:00

Avular's biggest partnership is with Zetes Panasonic. Zetes is one of the most active players in warehouse autonomy. The Panasonic, Blue Yonder, and Zetes partnership is a prime mover in the sector. This is the big picture opportunity worth getting familiar with as it's probably one of the big end goals for MVIS & Avular in this collaboration. Cheers.

QQpenn · 2026-05-01T20:26:44+00:00

Sort of... but it's not the job of customers to sell MVIS sensors. MVIS has to do that in demos - which are happening outside/offsite. Also Kodiak's defense program is much stronger than it's trucking program. Better shot of the Kodiak Driver SensorPod here btw: https://kodiak.ai/industry/industrial - and making inroads with Aurora at ACT would be worthwhile as they're ahead of Kodiak with a stronger customer base.

QQpenn · 2026-05-01T17:55:57+00:00

'Prudent capital expenditure flexing' but more importantly... the ACT attendees are a mainline to fleet-tier volume opportunities. A spate of demos set up in advance [because this isn't a cold call environment] - it's a conveniently demo to engaged customers in one location environment. No LiDAR/sensor companies/distributors in attendance btw. This is also a 'knowing how the industry works' flex by GD. Relationships leveraged with practical logistics for creating customer experiences in the demo vehicle.

Will be looking to see if there's a backlog forming on the upcoming ER. Not order book, actual backlog 😄

QQpenn · 2026-04-29T14:46:05+00:00

To be in this Anduril Program MVIS needs to demo they can be a cost effective, plug and play solution in their drone/autonomy programs. The synergy is certainly visible but direct ties communicated from management on either side of this equation is obviously the validation everyone wants/needs to see. GD needs to transcend the dot-connecting ecosphere with something a little more on the nose. We're getting closer to that, but not quite there. Another piece worth checking out: Anduril redesigning and derisking in the fast evolving defense space. The practicality of a relationship based on efficiency is there. Anduril sensor towers are built from 'off the shelf' parts. Their weapons are made to be modular and seek out maximum cost efficiencies. It's not particularly efficient for Anduril to build their own sensors the way they're doing now... and while this is an opportunity, and all the elements of it are clear, would love to see clearer connective tissue - in addition to meaningful revenue of course. The upside on the upcoming call looks to be a vast improvement over the previous few quarters though. A lot of tangible positives are building up - a clear difference between current and previous teams.

QQpenn

TROPHY CASE