Vuzix Corp VUZI

Technology Scientific & Technical Instruments

Vuzix Corporation is engaged in the designing, manufacturing, marketing and sale of augmented reality wearable display and computing devices. The Company offers its products in the form of smart glasses and augmented reality (AR) glasses. Its devices include cameras, sensors, and a computer that enable the user to view, record and interact with video and digital content, such as computer data, the Internet and entertainment applications. Its wearable display products integrate micro-display technology with optics to produce compact high-resolution display engines. Its products include M400 and M4000 Smart Glasses (M series), Vuzix Blade Smart Glasses, Vuzix Shield Smart Glasses, Vuzix Ultralite Smart Glasses and Mobilium Logistics Mobility Software. It holds over 375 patents and patents pending, and numerous intellectual property (IP) licenses in the Video Eyewear field. It also offers SAP Certified ERP Software-as-a-Service (SaaS) logistics solutions, through its subsidiary, Moviynt.

NDAQ:VUZI - Post by User

Vuzix Corp

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Post by ledrogon Mar 18, 2018 10:20am

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Post# 27735436

Mox Reports put out allegations of fraud on Friday....

You have to wonder how a company that loses $20+ million per year with an accumulated deficit approaching $100 milllion.....you have to wonder how a company with fundamentals so lousy achieves a market cap of over $200 million USD.

The MOX report alleges that a fraudulent promotional scheme is the reason, with MSM writers being engaged to tout the company and its smart glass products. Here's the link:

https://moxreports.com/wp-content/uploads/2018/03/b324-Vuzix-Fraud-Short-version-toned-done.pdf

I just did a blog on it as well:

https://www.avoidthebag.com/2018/03/vuzix-slammed-with-allegations-of-fraud.html

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