Microvision shares continue make new lows week after week while markets continue to hit new highs due to the Federals reserves comments on scaling back quantitative easing. Microvision received a deficiency notice from Nasdaq due to its market cap trading below fifty million. This isn't the first time Microvision received a notice from Nasdaq, however, Microvisions shares have touched records lows hitting $1.03 or .12 based on the 1-8 reverse stock split. Microvision has one hundred eighty days to to regain compliance which requires an overall market cap of fifty million at closing for a period of ten trading days. Microvision, via their blog, reassured shareholders that they will regain compliance within the one hundred eighty days as they have done is the past. It has been a pretty rough road for shareholders in the last couple years and while there has been some positive news about dealings with tier one manufactures, the stock continues to trend lower.
Microvision has stated they will be showcasing new product concepts at Consumer Electronic Shows in January. Last year Microvision decided to setup a private booth which really limited the media exposure they received compared to previous years. At this point, Microvision needs as much media attention as possible and showcasing items such as a 720p high definition pico projector built into a Kindle Fire, should be just one item that will provide much needed coverage. Microvision still has one of the best pico engines on the market but over the years has faded from the spotlight. In the past, almost every year leading up CES, Microvision shares rallied in hopes of a new breakthrough product that would a real game changer. As long term shareholders can recall, Microvision has won numerous awards at various CES since unveiling its first ShowWX pico projector. Is it make or break for Microvision?
This year should be interesting!
MicroVision to Showcase New Product Concepts at 2014 Consumer Electronics Show
