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Posted On: 11/18/2018 7:07:01 PM
Post# of 112
Can Vuzix survive? Doesn't look good imo
https://seekingalpha.com/instablog/15663412-j...ix-survive
Cash is running low, last year during Dec/Jan they raised about $42.5 million and basically burned through half of it. The PPS was pumped up north of $10 as a bunch of bullish articles came out, setting high expectations, and then the results crapped the bed (again).
How low will they let current resources dwindle before another secondary? And what will the market's appetite be for an offering from a company that's been around 20+ years with a $100+ million accumulated deficit to show for it...with about half that deficit rung up in jus the past 3 years.
https://seekingalpha.com/instablog/15663412-j...ix-survive
Cash is running low, last year during Dec/Jan they raised about $42.5 million and basically burned through half of it. The PPS was pumped up north of $10 as a bunch of bullish articles came out, setting high expectations, and then the results crapped the bed (again).
How low will they let current resources dwindle before another secondary? And what will the market's appetite be for an offering from a company that's been around 20+ years with a $100+ million accumulated deficit to show for it...with about half that deficit rung up in jus the past 3 years.
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