Trade Alert Security Details:
Outstanding shares: 130 million
Market Cap: $221 million
Share price at time of publishing: ~$1.70 May 5, 2020 9:05am (closing price of last 5 minute candle) [see bottom of page for third party verified blockchain time stamp*]
Target price: $0.80
*timing is of great importance when short selling. This is why all of our trade alerts are time stamped. These time stamps are third party verified using blockchain. Why blockchain? Because it is impossible to falsify. For more information please click here.
Trade Alert Company Information:
Over the last week MVIS’s share price has a seen over a three-fold increase during the last couple of trading days and daily trading volume hit record levels yesterday exceeding 200 million shares traded. We believe MVIS is a great short selling opportunity at the current price and see a 55% short term downside.
MVIS raises one very big red flag. This flag is the several security purchase agreements it entered into with Lincoln Park Capital LLC. Lincoln Park is arguably one of the most prolific so-called “vulture funds” currently plying its trade in the world of small/nano/micro caps. Check our Investor Warning on Lincoln Park to see this fund’s “remarkable” track record.
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