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Vuzix dilution and more -5

09:28 01-Jul-19


VUZI is down over 15% in pre-market trading on share placement press release.  The terms of the deal represent 20-40% dilution and value shares below $2.  I doubt they will get that low and had already warned about the short squeeze and a reversion back to $3 or so.

Vuzix is also receiving $400K from a "global Tier-1 Aerospace firm" for the third stage of a project to build a customized avionics HMD.  This is a meaningful next step is expected to be completed this year.  By contrast, the design patent filed for the next generation of its smart glasses is of little economic value.