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another ATM from MicroVision -2

MicroVision has announced another At-The-Market offering for up to $5M in shares.  It's not certain those will be sold soon, as the $2.72 stock price referenced therein is clearly from before the recent earnings report.  At that price, the offering represented a little over 2.6% dilution.  MVIS is down over 3% at the open, and at current prices this offering would represent about 3.4% dilution.  The amount is not egregious, but this highlights what's so horrible about ATMs.