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CUI compliance and more +2

20:37 17-Dec-19


In contrast to yesterday's MVIS news, CUI Global has received documentation of stock price compliance from Nasdaq, thanks largely to ongoing open market buys from the CEO.  It will be interesting to see if they continue now that this has been accomplished.  Either way, follow through by clear and functional governments in the U.K. and Italy seems of greater, albeit medium-term, importance.

This also seems like an appropriate time to mention that eMagin is still looks to be on the same path toward delisting as MicroVision, despite two recent military contracts totaling $9.9M.  They will help, but since both will be executed over the course of next year or more and eMagin has steadied at a little over $8M in operating expenses per quarter, it's likely not enough.  

News should slow to a crawl as we head into the holidays.  I'll only write about the House impeachment vote tomorrow if they fail to pass it, or there's some other big surprise.  We should still have a BGC's corporate transition announcement and a business update from Shell before year end, though.  With Brent briefly topping $66, that's far more important to me than Nord Stream 2 sanctions, which are now a fait accompli.  The budget headed to the Senate also gives us some indications of what the new year will bring.