Ok, I bought into $MVIS because the rumor is, is that it has some deal with Microsoft's Xbox. This came off of Twitter so right now it's just rumored. I can't find any information pertaining to this said News. That being said...

 

According to the Form 8K filed on the 28th, Microvision is in violation of the SEC's minimum share requirement and market value and has given an extension to June 9, 2020 to get shares above $1/share and until Oct 5th, 2020 to get their market value of the companies common stock to $50,000,000. 

This rumor would be huge if its true for Microvision partnering with Microsoft's Xbox and releasing this "smart console" with 8k projection and other fancy components.

Digging in even further I went to Microvisions website and I have to say they have impressive product, but no mention of a microsoft deal. Now, they did tweet that they filed a form 8K as response to the SEC's warning which to me I think this has people spreading rumors. On Thursday, May 7, 2020, the same day they're said to announce the deal with Microsoft, they're doing a first quarter report.

All of this information came from Microvision's website. It didn't take me long to find the information I needed to look for to determine that this is potentially a pump to get their share value above $1.00.