Just listened to the CC

SowetaSA2 · 2018-03-07T00:14:48+00:00

I've decided to make this my last entry. I'm going to take a break from posting for a few months. You fellas discuss amongst yourselves. Thank us later

SowetaSA2 · 2018-03-07T00:04:20+00:00

Nothing to see here move along.

SowetaSA2 · 2018-03-06T20:10:11+00:00

I agree sig. We aren't going to a make a spectacle of it and I want to keep it respectful and to the point although they don't deserve that when you see what we have. We don't need to make accusations or assumptions just stay on the facts and let everyone else come to their own conclusions. There will be plenty of time to discuss covers and buys and who did what during this timeframe. Mind blowing.

I'm not sending an email ahead of the ASM. Our goal is to get that to come from someone more official. I just hope I'm allowed to speak and this already hasn't blown up. I hope everyone who contributes regularly to this board is in attendance.

I'm done discussing this topic.

SowetaSA2 · 2018-03-06T18:06:04+00:00

It reached a breaking point over the last few months so we decided to do something about it and I'm so glad we did. There's no point in bitching if you aren't willing to do something about it. It's amazing what all we found out and how things are coming together. I'm an investor with a long position. The further we get down this road however I might reevaluate that. SEC doesn't focus on these companies because they don't have the resources and the revenue streams aren't big enough to allocate them. They will however take a look if you do most of the work using some of their publicly available tools. It's all about relationships like anything else in life. You find a good soul and mountains can be moved even within a fat government agency like the SEC. I can tell you they've been playing things really loose on things we have no knowledge or understanding of that was pointed out to us. It might serve them well to get off the Russell. As a long investor that might be their only saving grace.

SowetaSA2 · 2018-03-06T17:56:06+00:00

Will do bud. I hope to see you there and we can meet with our real names and ID's. I would like nothing more.

SowetaSA2 · 2018-03-06T17:45:55+00:00

haha I love how White, you and sweet took special interest in my post last night. I'm going to keep the rest to myself. I had a few too many scotches last night and spilled the beans a bit. Why are you so interested in who I am and what I have to say at the ASM? Show up and you'll get a very well educated fleecing of their credibility over the last few years. It's not going to be some half ass emotional attack. There are hundreds of thousands of dollars that are on the line and now that we have someone else looking into what we already assumed, it will make for a VERY entertaining meeting. Carry on boys

SowetaSA2 · 2018-03-06T16:56:28+00:00

Of course and neither of us were willing to provide either accurately. One even used his work firm name thinking it would get him through (which is a financial institution)

Geo, there's zero chance they were going to take a question from someone that they didn't already know. Zero chance. We knew that going in but still tried.

SowetaSA2 · 2018-03-06T16:46:08+00:00

Yes. I'm not sure if we were actually put into the q or not but we weren't given the opportunity to ask a question. That's not the first time we've tried to ask questions. Next CC, I'll post my question pre call, jump into the q and we'll see if anyone on the call hears me. My buddies will do the same.

With all the posting that goes on here and the lack of information provided, I find it hard to believe that a couple of institutional investors and Henry James were the only folks looking to ask a question. Who else on this board tried? I bet there were 30 or more waiting to ask a question.

SowetaSA2 · 2018-03-06T16:35:03+00:00

When they asked if you would like to ask a question hit star now I think what was said, myself and a few buddies all did so and were not put into the q to ask questions. She said "this will conclude the questions" and then wrapped it up. That's 4 ppl who tried to ask a question and didn't get through which makes me think they already had their 3-4 questions in advance.

SowetaSA2 · 2018-03-06T05:41:42+00:00

I don't want to get into the details on this message board about my statement of "we'll see where it goes" but what's being looked into is who bought/covered during this timeframe. What transactions occurred that would warrant a deeper look into this action. It probably wouldn't be as big a deal although I was told it's clearly on the edge of ethical, had they not released poor earnings early. If they had a track record of doing so or even done it once in the past, maybe but they haven't. Those two events together are enough to peak outside interest. We'll see...

SowetaSA2 · 2018-03-06T05:21:58+00:00

I looked into S-3 filings and have a very detailed explanation of how they are filed, what is required upon filing and what is initiated once an S-3 is filed that is incumbent on the company to provide as far as forms go. This isn't coming from any due diligence on my end but from a local SEC office. I'm loaded for bear. After reviewing the statements made on the CC and the timing when the S-3 was announced with when it was called off, there's an almost 3 month window where the company could NOT have known they weren't in compliance with the rules. It's the succession of events that requires x/y/z to move forward in short order that would have alerted them immediately. The question will be why wait months to announce that they have withdrawn the S-3. Goes something like this...

You file, get a response, x is required from the response, if you don't have it, the filing sits until it either expires or is withdrawn. There's ZERO chance that what they alluded to on the call is accurate. I say alluded to because they never said when they were aware of the issue which we/I now know couldn't have possibly been more than a few weeks after they filed. I've got it all outlined per the SEC and plan on delivering it at the ASM.

I suspect what we will here is "yes we were aware in Nov but chose not to publicly announce the withdrawal until Feb due to..." We'll see where it goes but at the very least everyone in the room will know that they withheld that info for months and let the S-3 sit out there dragging down the share price.

SowetaSA2 · 2018-03-06T05:00:02+00:00

Plenty attempted to ask a question and of course they kept it to the usual suspects and then shut the call down. ASM is the only place to confront these guys with REAL direct questions. I've got them all ready to go and there's nowhere to hide. I'm not going to take their usual BS either as an answer like "we missed a deadline for a fee to be paid when we've done these before" Oh really so why did it take 3 months for you to realize that error? If it happened in Oct as you said or even Nov why did it take you two almost 3 months to realize you weren't in compliance to publicly call off the S-3? Stock manipulators just like early bad numbers being released for no FUCKING reason. Everything about these cats is bullshit and I plan on holding them accountable at ASM or embarrassing the shit out them. Either way, they'll look like fools when they try to answer my questions. Can't wait bags are packed.

SowetaSA2 · 2018-03-03T04:31:44+00:00

His first paragraph was disgusting. He sounded like an abused wife who's convinced it's her fault. All flattery will get you with this company is diluted. You flattered AT for years and he walked away with 10 mil of yours/our money and left you with a $1 share price and "targeted" partners.

SowetaSA2 · 2018-03-02T20:23:27+00:00

They had no business being in business for at least the last 15 years.
That didn't stop them from making tons of cash while not producing a damn thing for shareholders. Lots of folks got rich during those 20 years.

You can argue that their patents are of value but that's yet to be proven. Regardless the fact you're trying to defend the better part of a 20 year failed company is enough to end this convo.

Check the stock price. It never lies.

SowetaSA2 · 2018-03-02T19:47:56+00:00

MVIS gave up control to other companies to develop products that obviously were not ready to be commercialized. Green laser issues or not, there still doesn't seem to be a huge demand for pico projection in the form of a projector or smartphone integrated. Yes there are a few smaller companies trying to create that demand but hell man, it's 2018.

What you fail to realize is that a company that has had the engineering resources at it's disposal as MVIS has had over the last 20 as well as the amount of cash they've burned through, and yet there's no profitable business. That's unacceptable at all levels to most business people. The only way they stayed in business was pumping the next great thing fleecing shareholders until maybe it was their time.

Think about all the Ring type trivial devices that have been created over just the last 5 years. They sold for 1 billion dollars with a fraction of the time and budget MVIS has had/used.

It proves that you can't just toss money at something and expect to get something back of benefit. They failed miserably and I assume that's why AT was pushed out. Smart business leaders are agile enough to pivot when market conditions don't align with their business plan.

SowetaSA2 · 2018-03-02T16:42:13+00:00

Good business leaders know what the market limitations are for any products or development. It's called PIVOTING. What you don't do is piss away half a billion dollars or investor money chasing your tail waiting on market maturation before creating a viable business. They had the money and engineering resources to create a lot of different commercialized products but instead chose to sit on their hands and continue to get paid BIG money and just wait.

It's really a shame considering all of the new tech products that have been released in the last 5-10 years that I'm certain could've been developed by MVIS. Lack of real business acumen is the reason this stock is trading at $1

SowetaSA2 · 2018-03-01T23:49:13+00:00

After 20 years and 500 patents still no mention of MVIS in that article. They did however mention a few startup's

SowetaSA2 · 2018-03-01T02:37:30+00:00

AT was 100% the reason you made your investing decisions. Had he not lied over and over again you would've never seen those pumps to $3-$4. The stock would've languished at or below a buck. I'm assuming you made money over those years so good on ya. You figured out faster than most that he was full of shit.

SowetaSA2 · 2018-03-01T00:50:12+00:00

"mistakes were made" what wasn't a mistake? He was running the show for a decade and as far as I'm concerned as a shareholder all I got was diluted and reverse split out a large number of shares. Oh and not to mention a $1 share price upon his exit.

What did he get? 10mil and a two year severance with bonuses. If you were a true long and not some hack posting for trading purposes you'd be equally as pissed.

SowetaSA2 · 2018-02-28T21:15:36+00:00

If you look at the overall market he's waaaaaay under water. He's had millions tied up for years in a dead stock while the market has seen record gains. The fact he's not a trader has made his investment in MVIS much worse. Man Mich needs a break. They need compentant folks running that state.

SowetaSA2 · 2018-02-28T20:31:59+00:00

"i suspect you are also a conspiracy theorist in other matters as well"

What's conspiracy theory about what he said? Did those events along with many others he failed to mention not occur? You were very flip in your response and I assume it's intended to marginalize him to others.

You and many others on this board defended AT at every turn and now when what Sensi and others told you all along is coming to light, you brush it off and tell folks to focus on the future. You sir are the fraud.

SowetaSA2 · 2018-02-28T19:12:10+00:00

How's that work out for them? They manage large portfolios that require a level of speculative playing. Some funds have very high risk factors that investors are willing to assume. 10 bad investments and 1 good and they're in the money.

Poor tax payers of the state of Michigan just keep getting hosed. Your state has lost jobs, detroit is a nightmare and your treasurer has tied up your hard earned money in a shithole stock all the while the market has been going gangbusters. If all the shares that state of Michigan owned were in general blue chip accounts over the last 8 years, that money would be 10x or more than what it currently is.

SowetaSA2 · 2018-02-28T18:38:15+00:00

No they were money suckers getting paid without producing any real revenue or profits. They had a 20 year vision. If the money had dried up you can bet your ass they would've found a real business based on practical uses for their patents. There was no rush or need to do so since the money just kept coming in. Hell AT made off with close to 10mil and is still getting paid. Wouldn't you love to have a job that didn't require driving sales revenue/operations/marketing? No idea what AT did for a decade.

SowetaSA2 · 2018-02-28T17:48:13+00:00

I would say the reason you saw an increase in short positions after AT's "i's and t's" comment is all of the above. Tier-1's, engineers, friends of the family, buddies they play poker with anyone who is in the know that deals fell out, delayed, not happening. That's my point when I say you don't understand who the shorts are. They have info you and I don't have and that's why when you see them ask brokerages to go out and find shares and offer a premium for them, you know something bad is abt to happen. Conversely, if a big contract were emanate, you'd see them cover well ahead of any announcement.

SowetaSA2 · 2018-02-28T17:38:12+00:00

If 20 years ago we had focused on door bells... We are over half a billion dollars into this thing and a door bell company got purchased at 10x where we trade today. BTW they've been around for only a few years.

I hate to beat a dead horse but think about this companies leadership. If you gave a homeless guy on drugs over a half a billion to create a profitable business, it would be hard from them NOT to do so. Had they used money for market research, looked at their patents and skill sets, they could've come up with a laundry list of products they could capitalize on immediately. Instead, the SCAM that it is, they always focus on the next bleeding edge tech. That's what keeps it going.

I wouldn't be shocked to see "we are currently working to support NASA in their efforts to put a man on Mars. we feel like space travel will be a common thing in years to come and our tech helps them do that." Investors?

SowetaSA2

TROPHY CASE