Tech Convergence Will Spur Demand for New ADAS Technology

Filings

Form S-8

Form S-8 registers any shares that could be issued under our Director's Plan. This plan increased shares available as compensation for Directors from 400k to 900k shares and was authorized and approved by shareholders in June of 2005.

Form S-3

This Form S-3 registers the shares underlying the MVISW warrants that were issued in June 2006.

Form S-3

This Form S-3 is a $35M shelf for company purposes. The Company has historically maintained shelf registration statements to provide an option for any future financing. The timing and size of a particular financing can be determined at the time of a transaction. $35M was the amount of the previous shelf and it would be available to us over the next 3 years or so if we choose to use it.

Comments

  1. Shareholder dilution, dilution and yet more dilution. Will it ever end?

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  2. Ben, your holdings have just been diluted - how does it feel?

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  3. this is only registration, not issuance of shares.

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  4. Hey Ben, why would they raise money a week after they said they had enough money for the entire 2007 calendar year? I realize they have not sold any shares yet but they would not file a shelf it they were not planning on it. My guess is that they expect to get a boost in the pps with some upcoming announcements and they want to capitalize on the spike. Smart but still.....dilution. I've been holding this stock for nearly four years......I'm sick of it.

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  5. I am thinking the OEM will make $35 million investment with the contract in a few days. There is no other answer for this.

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