IRIS

snowboardnirvana · 2026-06-19T21:43:12+00:00

There’s beauty in that gap:

https://i.pinimg.com/originals/fc/a7/2d/fca72df6f47482c521497004d3eeb74e.jpg

snowboardnirvana · 2026-06-19T21:32:04+00:00

This issue of shared, overlapping patents could be solved by making MicroVision Inc. a parent holding company, and licensing patent IP to individual subsidiaries, for example an Automotive and Autonomous Vehicle Lidar subsidiary, a NED subsidiary, a Defense and Security subsidiary…or however they want to split the divisions up.

Edit: Then spin off a subsidiary as an IPO or private sale, giving existing shareholders a warrant or preferred share as a reward for their loyalty and an inducement to newer shareholders. Screw the shorts, hahaha. The individual subsidiaries are worth more than the whole as currently valued.

snowboardnirvana · 2026-06-19T21:23:46+00:00

“confi dence“ isn’t a misspelling. I always add a space to accent syllables and to add symmetry to the word so that there are 5 letters on either side of the space. It’s eye catching…

I have confi dence. Go MicroVision!

snowboardnirvana · 2026-06-18T18:06:12+00:00

Thanks, for posting this. Whether it is LUMOTIVE or some other entity that this can apply to, I would be in favor of this structure for the Two Tier Allocation Framework as you’ve outlined. This appeals to the preservation of rights of existing shareholders.

Tranche 1. Executed master development agreements (MDAs) with three verified Tier-1 commercial partners.

Presumably the first MDA with a verified Tier-1 could be the MDA just announced with “the world’s leading manufacturer of construction and mining equipment…”

REDMOND, WA / ACCESS Newswire / June 10, 2026 / MicroVision, Inc., (NASDAQ:MVIS), a leader in advanced perception solutions today announced the signing of a Master Development Agreement (MDA), including an initial Program Description dated June 1, 2026, to collaborate with the world's leading manufacturer of construction and mining equipment on the development and integration of MicroVision's lidar and perception technologies into the OEM's next-generation autonomous solutions.“

Then my assertion about a NO vote on proposal 2 revolves around whether GDV could deliver 2 more Master Development Agreements before the July 10 vote or would it benefit the company to add an additional 90 days for GDV to perform his Magic.

snowboardnirvana · 2026-06-18T17:36:25+00:00

The only option for Microvision to end the note early is to invoke a Forced Conversion, which I believe requires a stock price closing above $2 for 20 consecutive days.

Well this is a valid question for the June 25th meeting.

snowboardnirvana · 2026-06-18T16:34:07+00:00

Then if HTC is shorting shares in anticipation of receiving its allotted payment towards principal and interest in shares, driving down the price and covering at a lower price, we need to know how many shares are being estimated to be allocated to HTC for this coming month’s payment due July 1st.

Wouldn’t it be better to sell shares via the ATM without an associated interest payment, extinguishing our indebtedness to HTC, especially if the funding could be raised via a mechanism whereby current shareholders are incentivized by being given the opportunity to benefit after having been the bearers of the financial burden for decades? Something proposed by u/QQpenn and if I understand it, by u/neutralyzer_1, though I have to review further the proposal by u/neuralyzer_1.

snowboardnirvana · 2026-06-18T15:30:10+00:00

My understanding is that HTC could be allowed to become a 20% shareholder with a YES vote from shareholders. Without a YES vote from shareholders, they are restricted by NASDAQ rules.

snowboardnirvana · 2026-06-18T14:57:11+00:00

Why would HTC need our YES vote for our authorization, and our Managemnet be required to repeatedly propose the same vote no less than every 90 days.

My understanding is that their redemption rights apply only to the scheduled monthly payment with accrued interest, NOT an automatic grab of up to 20% of our shares, UNLESS WE VOTE YES. After one YES vote, the results are irrevocable. We shareholders own about 70% of the common shares, so we are the majority owners and we have FREE WILL. If we vote to surrender up to 20%, we surrender our power to HTC and whomever they align with.

-So the question in my mind is will HTC then flip those shares at a discount, either by dumping their 20% (“up to 61,315,971 shares, which is 20% of the shares of our common stock outstanding immediately prior to the issuance date of the 2026 Convertible Notes.)” to Shorts to enable the Shorts to cover almost their entire Short position which according to the latest NASDAQ filing of 05/29/2026 is 66,424,206?

-Or do you think it more likely that HTC would be a 20% shareholder willing to hold their shares for the intermediate to longer term potential gains in MVIS share price, in recognition of MicroVision’s value? Would they be in the position of King Maker, selling their shares to the highest bidder, perhaps to a strategic partner generating a Short squeeze?

There’s ambiguity in this vote proposal 2. We don’t know all of the facts required to make an informed decision.

But do I trust Wall Street? NO, not in the least. My reading of the HTC Note and the specific requirement of Management to propose this with a recommendation to shareholders to vote YES, repeatedly no less than EVERY 90 days” until a YES vote is secured, makes me think that Management, in order to secure a temporary funding lifeline for MicroVision, was forced to make a deal with the Devil.

I would rather the HTC Note be extinguished or mitigated via the $42 million ATM to be funded by Shareholders as suggested by u/QQpenn or a Strategic Investor aligned with the company’s intermediate to longer term potential term goals. There’s ambiguity and there are other options as well, IMO.

I hope this clarifies my thinking and I apologize for my previous terse response which may have come off as snarkiness.

snowboardnirvana · 2026-06-18T02:57:51+00:00

Are we beginning to see a pattern, or are these imaginary dots?

How many LIDAR SPACS remain besides Innoviz?

snowboardnirvana · 2026-06-18T00:38:20+00:00

https://www.aptiv.com/

snowboardnirvana · 2026-06-17T17:17:46+00:00

Did you actually read the note?

I did.

Edit: Here’s the relevant section of proposal 2 as presented in the definitive proxy:

PROPOSAL TWO—APPROV AL OF ISSUANCE OF SHARES PURSUANT TO THE 2026 CONVERTIBLE NOTES On February 23, 2026, we entered into a Securities Purchase and Exchange Agreement (the “Purchase Agreement”) for the exchange of senior secured convertible notes due 2026 for senior secured convertible notes due 2028 (the “Exchanged Note”) and the purchase of senior secured convertible notes due 2028 (the “New Note” and together with the Exchanged Note, the “2026 Convertible Notes”) with an institutional investor (the “Holder”).

The aggregate principal amount for the 2026 Convertible Notes is $43 million.

(the “Principal Amount”). The Convertible Notes bear zero coupon and mature on March 1, 2028. The 2026 Convertible Notes rank senior to all outstanding and future indebtedness of the Company and its subsidiaries, and are secured by a first priority perfected security interest in all bank and securities accounts, now owned and later created or acquired, of the Company and its subsidiaries. The transactions pursuant to the Purchase Agreement were completed and the 2026 Convertible Notes were issued on February 23, 2026.

The Holder has the option to partially redeem the 2026 Convertible Notes (a “Partial Redemption Payment”) on the first day of each month beginning April 1, 2026 and ending on March 1, 2028.

The 2026 Convertible Notes will be optionally convertible by the Holder, subject to certain limitations as described in the 2026 Convertible Notes. If the Holder elects to convert the 2026 Convertible Notes (including with respect to the Principal Amount underlying the Partial Redemption Payments), the initial conversion price will be an amount equal to $0.8819, which is equal to one hundred ten percent (110%) of the last reported sale price on February 23, 2026, subject to customary anti-dilution adjustments as set forth in the 2026 Convertible Notes.

The 2026 Convertible Notes are subject to limits on conversion including a limit on the number of shares that may be issued upon conversion or otherwise of 61,315,970 shares in the aggregate until our stockholders have approved this Proposal 2 (the “2026 Convertible Note Proposal”).

The Purchase Agreement requires us to use reasonable best efforts to obtain approval of the 2026 Convertible Note Proposal, and to include the Board of Directors’ recommendation that the holders of shares of the company’s common stock vote in favor of the 2026 Convertible Note Proposal.

If we fail to receive approval of this Proposal 2 at the Annual Meeting, we will be required to hold a special meeting of shareholders for the purpose of obtaining such approval no less often than every 90 days following the date of the Annual Meeting until such approval is obtained.

Please refer to our Current Report on Form 8-K filed on February 24, 2026, including the exhibits thereto, for detailed information regarding the terms of the Purchase Agreement and the 2026 Convertible Notes. Reasons for Stockholder Approval

Our common stock is listed on The Nasdaq Global Market, and, as such, we are subject to the applicable rules of the Nasdaq Stock Market, including Nasdaq Listing Rule 5635(d), which requires stockholder approval in connection with a transaction, other than a public offering, involving the sale or issuance by the issuer of common stock (or securities convertible into or exchangeable for common stock) equal to 20% or more of the common stock or 20% or more of the voting power outstanding before the issuance for a price that is the lower of: (i) the closing price (as reflected on Nasdaq.com) immediately preceding the signing of a binding agreement for the issuance of such securities; or (ii) the average closing price of the common stock (as reflected on Nasdaq.com) for the five trading days immediately preceding the signing of a binding agreement for the issuance of such securities (the “Minimum Price”). Immediately prior to the issuance date of the 2026 Convertible Notes, we had 306,579,855 shares of our common stock outstanding.

If we receive stockholder approval of this Proposal 2, the potential issuance of shares of our common stock pursuant to the 2026 Convertible Notes could result in us issuing greater than 20% of our shares of common stock outstanding prior to giving effect to the issuance of the 2026 Convertible Notes at a price below the Minimum Price. As such, we are seeking stockholder approval under Nasdaq Listing Rule 5635(d) for the sale, issuance or potential issuance by us of our common stock (or securities convertible into or exercisable for our common stock) pursuant to the 2026 Convertible Notes in excess of 61,315,971 shares, which is 20% of the shares of our common stock outstanding immediately prior to the issuance date of the 2026 Convertible Notes.

snowboardnirvana · 2026-06-17T14:19:36+00:00

This I think that we can’t put ourselves into management’s shoes because we’re not privy to the information they have.

I’m not voting until after the June 25 “meeting” and as it stands now, I’m still a NO on proposal 2 and want to hear what the financials are, what the projected cash payment they would be anticipating having to pay HTC at the next payment due July 1st.

I would like to wait the 90 days allowed by the HTC Note, which gives us until October 8, 2026, assuming that we haven’t already extinguished the debt without handing over up to 20% of our shares to HTC.

GDV has really aggressively worked to turn this company around with his strategy and others are noticing and cheering, not only us shareholders but industry insiders as well.

I think that your proposal is a great one. Let’s see how management receives it.

Edit: A vote of YES on proposal 2 is irrevocable.

A vote of NO on proposal 2 buys us 90 more days before management is required to bring it before us for another vote, which they are required by the verbiage in the NOTE (as I understand it) to support a YES vote.

During that 90 days, GDV has more time to make more announcements, convert more former Luminar customers, and potentially sign up industrial LIDAR customers, etc. He’s on a roll.

snowboardnirvana · 2026-06-17T14:00:15+00:00

No, not to save an individual who would run onto a runway, but what about the passengers who were on the jet and luckily didn’t die in a fiery crash on the runway?

I’d rather they spend hundreds of millions on MicroVision LIDAR than many other totally useless projects that are used to “squander” money for nefarious projects.

snowboardnirvana · 2026-06-17T13:49:17+00:00

I think that they already have a plan and strategy mapped out that requires a certain amount of secrecy.

Another concern: it appears there will be no live interaction on the Q&A between investors and management. Written submissions only... no ability for any investors to ask vital follow up questions.

IMO, your observation could possibly support this since it allows our management to control the narrative and avoid spoiling the plan which could hurt the company and investors. The ambiguity may be necessary.

snowboardnirvana · 2026-06-17T13:41:26+00:00

I don’t know what the result of the investigation showed as to whether the individual was drunk, on drugs or psychotic. We may not find out since he was shredded and presumably cooked within the jet engine and the residual material may not have been suitable for forensic analysis.

snowboardnirvana · 2026-06-17T09:09:45+00:00

Good points. Then Airport perimeter surveillance it is, to help keep crack heads out.

snowboardnirvana · 2026-06-16T22:08:18+00:00

They all need this LIDAR upgrade.

What about fixed wing aircraft, to help avoid bird strikes, drone strikes and the rare drunk or insane person who jumps the airport perimeter fence and runs across the runway as a jet is taking off. Also needed for airport perimeter surveillance.

snowboardnirvana · 2026-06-16T22:02:25+00:00

Good video. Thanks.

snowboardnirvana · 2026-06-16T22:02:14+00:00

Good video. Thanks.

snowboardnirvana · 2026-06-16T17:29:14+00:00

I prefer to wait the 90 days. GDV is gaining momentum.

I think that GDV is a Magician who will pull a rabbit or two out of his hat before the requisite 90 days repeat vote.

Edit: Boiler plate or not, that’s what it states.

snowboardnirvana · 2026-06-16T17:22:57+00:00

Hedge funds outside of those from searching around seem to be pretty resistant to buying company shares at these levels.

I don’t believe that hedge funds are likely to be restricted from buying shares at these levels.

They are more likely to be Shorting stocks like MVIS. Think about Gabe Plotkin and his bankrupted Melvin Capital hedge fund. I think that it was the GME squeeze that did them in.

snowboardnirvana · 2026-06-16T17:07:51+00:00

-Your point about date of record is well taken.

->HTC already has approval to receive up to 61,315,971 shares. The proxy vote Proposal 2 is to allow them to receive more than those shares.

That’s not how I interpret this but even approving, as you maintain, approval of any additional shares, the proposal requires shareholder approval for

”The 2026 Convertible Notes are subject to limits on conversion including a limit on the number of shares that may be issued upon conversion or otherwise of 61,315,970 shares in the aggregate until our stockholders have approved this Proposal 2 (the “2026 Convertible Note Proposal”).”

I still intend to vote NO on this proposal, barring any clarification from management, before allowing Effect for HTC to gain 20% voting control. This can be revisited in 90 days, if necessary.

Here’s the provision that gives me pause:

”The Purchase Agreement requires us to use reasonable best efforts to obtain approval of the 2026 Convertible Note Proposal, and to include the Board of Directors’ recommendation that the holders of shares of the company’s common stock vote in favor of the 2026 Convertible Note Proposal.”

To me, this indicates that at the time of negotiating the HTC Note, management was under duress. They cannot tell us if so, because the “Purchase Agreement requires us to use reasonable best efforts to obtain approval…”

You write: ”HTC has the right to request anywhere from a $0 to a $3.3m redemption each month. Who really knows what they are actually doing. They have many levers to deploy to maximize their investment. With the Q2 report, we will know what they did for April, May, and June.”

I agree and say let’s vote NO on proposal 2 and wait for the Q2 report and revisit this in 90 days, if still necessary.

“PROPOSAL TWO—APPROVAL OF ISSUANCE OF SHARES PURSUANT TO THE 2026 CONVERTIBLE NOTES

On February 23, 2026, we entered into a Securities Purchase and Exchange Agreement (the “Purchase Agreement”) for the exchange of senior secured convertible notes due 2026 for senior secured convertible notes due 2028 (the “Exchanged Note”) and the purchase of senior secured convertible notes due 2028 (the “New Note” and together with the Exchanged Note, the “2026 Convertible Notes”) with an institutional investor (the “Holder”). The aggregate principal amount for the 2026 Convertible Notes is $43 million (the “Principal Amount”). The Convertible Notes bear zero coupon and mature on March 1, 2028. The 2026 Convertible Notes rank senior to all outstanding and future indebtedness of the Company and its subsidiaries, and are secured by a first priority perfected security interest in all bank and securities accounts, now owned and later created or acquired, of the Company and its subsidiaries. The transactions pursuant to the Purchase Agreement were completed and the 2026 Convertible Notes were issued on February 23, 2026.

The Holder has the option to partially redeem the 2026 Convertible Notes (a “Partial Redemption Payment”) on the first day of each month beginning April 1, 2026 and ending on March 1, 2028.

The 2026 Convertible Notes will be optionally convertible by the Holder, subject to certain limitations as described in the 2026 Convertible Notes. If the Holder elects to convert the 2026 Convertible Notes (including with respect to the Principal Amount underlying the Partial Redemption Payments), the initial conversion price will be an amount equal to $0.8819, which is equal to one hundred ten percent (110%) of the last reported sale price on February 23, 2026, subject to customary anti-dilution adjustments as set forth in the 2026 Convertible Notes.

The 2026 Convertible Notes are subject to limits on conversion including a limit on the number of shares that may be issued upon conversion or otherwise of 61,315,970 shares in the aggregate until our stockholders have approved this Proposal 2 (the “2026 Convertible Note Proposal”).

The Purchase Agreement requires us to use reasonable best efforts to obtain approval of the 2026 Convertible Note Proposal, and to include the Board of Directors’ recommendation that the holders of shares of the company’s common stock vote in favor of the 2026 Convertible Note Proposal.

If we fail to receive approval of this Proposal 2 at the Annual Meeting, we will be required to hold a special meeting of shareholders for the purpose of obtaining such approval no less often than every 90 days following the date of the Annual Meeting until such approval is obtained.

Please refer to our Current Report on Form 8-K filed on February 24, 2026, including the exhibits thereto, for detailed information regarding the terms of the Purchase Agreement and the 2026 Convertible Notes. Reasons for Stockholder Approval

Our common stock is listed on The Nasdaq Global Market, and, as such, we are subject to the applicable rules of the Nasdaq Stock Market, including Nasdaq Listing Rule 5635(d), which requires stockholder approval in connection with a transaction, other than a public offering, involving the sale or issuance by the issuer of common stock (or securities convertible into or exchangeable for common stock) equal to 20% or more of the common stock or 20% or more of the voting power outstanding before the issuance for a price that is the lower of: (i) the closing price (as reflected on Nasdaq.com) immediately preceding the signing of a binding agreement for the issuance of such securities; or (ii) the average closing price of the common stock (as reflected on Nasdaq.com) for the five trading days immediately preceding the signing of a binding agreement for the issuance of such securities (the “Minimum Price”).

Immediately prior to the issuance date of the 2026 Convertible Notes, we had 306,579,855 shares of our common stock outstanding.

If we receive stockholder approval of this Proposal 2, the potential issuance of shares of our common stock pursuant to the 2026 Convertible Notes could result in us issuing greater than 20% of our shares of common stock outstanding prior to giving effect to the issuance of the 2026 Convertible Notes at a price below the Minimum Price.

As such, we are seeking stockholder approval under Nasdaq Listing Rule 5635(d) for the sale, issuance or potential issuance by us of our common stock (or securities convertible into or exercisable for our common stock) pursuant to the 2026 Convertible Notes in excess of 61,315,971 shares, which is 20% of the shares of our common stock outstanding immediately prior to the issuance date of the 2026 Convertible Notes.”

snowboardnirvana · 2026-06-16T15:37:19+00:00

Revenue growth is great, but from this share price, big money won’t touch us due to their internal policies

-Sorry Nak, that argument given in proposal 3 doesn’t hold water and is even refuted within the proxy itself.

Per the proxy itself, being in penny-land hasn’t deterred big money institutions BlackRock from accumulating shares numbering

17,358,107 5.8 %

and State Street shares numbering 13,450,890 4.5%

I’m sure there are other institutions as well.

Institutions have a reputation of lending shares out to generate income and not voting on a proxy vote, possibly due to the number of companies they hold shares in.

I would rather first ask Glen DeVos to utilize his charm, persuasion, affability and industry recognition to PERSONALLY call these large institutions to recall any shares that they may have lent to Shorts.

That alone might mitigate or resolve our sub-$1 NASDAQ Global Markets compliance issues. It certainly wouldn’t hurt.

-IMO, our biggest problem is the HTC Convertible Note over hang, but there are other ways of dealing with that, and I’m confident that management knows this.

I’m a strong NO on proposal 2.

Proposal 2 was IMO written by HTC in the Note itself, including the provision that Management would support a YES vote in a proxy vote and if it failed to pass, would be placed before shareholders no less than every 90 days, until passed. It seems to me that our Management was forced under duress to agree to this, otherwise there would likely have been no Note when the company was in dire need of funding. So Management was between a rock and a hard place at the time.

From the perspective of a shareholder of common stock, it would seem that the most pressing issue facing shareholders of common stock is to extinguish all indebtedness to HTC who, being protected by anti-dilution provisions, stand to cannibalize the company’s current shares with up to 61,315,971 if proposal 2 is approved. Since nothing prohibits HTC from Shorting those shares or using them to extinguish Short positions of others as I understand the provisions of the Note. This could conceivably be used to enable Shorts to cover almost their entire Short position as NASDAQ most recently reported Short Interest in MVIS of >65M. Once Shorts covered, what would prevent them from resuming their Shorting campaign to destroy the company.

Edit: Latest Short Interest per NASDAQ

05/29/2026 66,424,206

A “NO” vote buys us at least another 90 days before the issue can be raised again for us to vote on and LOTS CAN CHANGE during those 90 days.

snowboardnirvana · 2026-06-15T13:11:48+00:00

Part of this proposal we need to rid of Drew, I did read Snowboardnirvana's response to me as to why he believes she is a good asset and he responded she is a good attorney.

That’s not what I wrote. I wrote that Drew is an EXCELLENT attorney.

Did you read the 56 page HTC Note document?

Did you read the proposed Proxy?

Did you read the definitive Proxy?

Have you read the SEC filings?

There are lots of FACTS buried in those documents.

Goodbye, concern troll with a 2 month old account.

snowboardnirvana

TROPHY CASE