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Hoping VPIG is eaten up by American Express or Discover. Can be marketed along with adult product. Kids today would rather have $20 to spend on a game than $20 cash to go to the store. Parents and kids need education and training on this product and I don't see a lot of that happening in the United States. May be pushed more in Europe.
I am sure they have a patent protection on there design. Not all worrried because no one has even come close to getting a COPPA certification except OINK. It is very difficult not only to design the software, but to go thru all the FTC requirements is arduous.
Here is some recent news about the Discover partnership and the growth in user sign up. This is all good news!
Virtual Piggy
Expansion into in-store payments
Virtual Piggy (VPIG) has announced a partnership with Discover Financial Services, which will enable users to make in-store purchases at merchants within the Discover Network. This will provide users with more opportunity to spend their money via Virtual Piggy’s service and has the potential to drive incremental in-store transaction volumes on top of existing online transactions. This could also accelerate user sign-ups above the recently achieved one million target.
Year end Revenue ($000s) PST* ($000s) EPS*
($) DPS
($) PIE (x) Yield
(%)
12/09 0 (907) (0.02) 0 N/A N/A
12/10 0 (1,347) (0.03) 0 N/A N/A
12/11 4 (2,486) (0.04) 0 N/A N/A
12/12 1 (7,492) (0.09) 0 N/A N/A
Note: *PBT and EPS are normalised, excluding amortisation of acquired intangibles, exceptional items and share-based payments.
Discover Network deal
Virtual Piggy has announced that users should soon be able to access in-store payment capabilities via the Discover Network using pre-paid cards. The card will be linked to the Virtual Piggy user account giving parents control over spending limits and locations and enabling the user and parents to track spending online and in store. This will give Virtual Piggy the opportunity to support users across multiple channels, and hence gain a larger share of wallet, potentially driving higher transaction volumes.
From Virtual Piggy to Oink
In anticipation of the move to in-store payments and a more mobile-focused strategy, the company rebranded the name of the service from Virtual Piggy to Oink in December. Registered user numbers have grown from the 250,000 reported in June 2013 to more than one million by the end of January 2014, with gaming users key drivers of transaction volumes. The company continues to sign up new merchants to the service and to integrate with key e-commerce platform providers.
In the early stages of commercialisation
Virtual Piggy is in the early stages of commercialisation and has not yet generated material revenues, as the push to sign up end users only started in earnest in March. At the end of Q313, Virtual Piggy had net cash of $4.6m and during Q114 raised $7.6m from the issue of new preference shares and the conversion of warrants. Milestones to track that should demonstrate progress towards break-even and profitability include user sign-ups, value of transactions processed and partnerships with larger players including merchants, payment processors and online communities.
Business update
Since we last published in July, Virtual Piggy (VPIG) has continued to grow its registered user numbers, has expanded the number of merchants accepting payment via Virtual Piggy, has expanded its partnership with WorldPay to include the US, has rebranded, and has signed an agreement with a credit card network to expand usage of the service into physical stores.
Name change: Virtual Piggy becomes Oink
In December, the company announced that it had changed the name of the service from Virtual Piggy to Oink, and had rebranded the service with a new logo. The rebrand was partly in anticipation of the company’s move into physical stores but also has the advantage for mobile users of being a shorter name. The company continues to be called Virtual Piggy.
Growth in user sign ups
At the end of January, VPIG announced that it had beaten its one million registered user target. Exhibit 1 shows the pace of user sign ups through 2013. A registered user is defined as a registered account that has accessed the Oink product in the last 12 months. Until FY13 results are available (likely in mid-March), we do not have any data on the revenues generated by the growing number of users in Q413. The company has noted that gaming users tend to generate a higher volume of transactions as they tend to visit gaming sites frequently, whereas users purchasing physical items from online retailers tend to transact online less frequently.
Exhibit 1: Growth in registered users (April 2013 to January 2014)
1,200,000 1,000,000 800,000 600,000 400,000 200,000
0
29/04/2013 29/06/2013 29/08/2013 29/10/2013 29/12/2013
Source: Virtual Piggy
Contract signed with Discover Network
On 12 February, VPIG announced that users would soon be able to access in-store payment capabilities via the Discover Network.
Background on the Discover Network
Discover Financial Services runs the Discover Network, the fourth largest credit card company in the US. It is accepted at 25 million locations globally, including 9.6 million in North America and 2.5 million in EMEA. Discover owns Diners Club International, which is accepted in 185 countries, and is partnered with JCB in Japan and with China Union Pay.
How it will work
We understand that Oink will be able to issue pre-paid Discover cards to users aged 13 and over, with a parent’s permission. These will be loaded up via the Oink service online or via the Oink
mobile app, and can then be used to make purchases in stores that are part of the Discover Network. Parents will still be able to apply spending restrictions to the card, so that the child can only make purchases in stores that the parent has approved. Discover does not currently have a card programme for teens, unlike Visa, MasterCard and American Express, which all offer pre-paid card schemes for children aged 13 and over.
We would expect Discover to pay a proportion of the merchant fees levied to Oink. In addition, Oink may impose fees on the card user, although this is yet to be decided.
Broadening the addressable market
Although teens spend a large proportion of their money online, in particular when gaming, by offering an in-store payment mechanism, Oink can access the whole of a teen’s wallet, rather than just the online portion. Even if Oink will earn a lower percentage of merchant fees when payment is made via the Discover Network, this should be outweighed by the potential for a significantly higher volume of transactions. We note the trend for online payment processors to seek partners for in-store payments; in 2012 PayPal partnered with Discover to enable users to pay in-store with their PayPal accounts using a PayPal Access card.
Financial update
Since we last wrote in July, VPIG has raised funds through the issue of preference shares and the exercise of warrants. We estimate below the amounts raised from the end of Q213 to date, totalling c $7.6m.
• Preferred shares: 50,450 series A preference shares worth $100 each were issued in January 2014, raising gross proceeds of $5,045,000. Each preference share is convertible into 100 shares at a value of $1.00/share. We note that the preference shares are entitled to an 8% cumulative dividend per annum.
• Warrants exercised: on 7 February, 5,042,287 warrants were exercised raising gross proceeds of $2,521,143 and resulting in the issue of 5,042,287 shares. In July/August 2013, 34,500 warrants were exercised at $0.50 per share resulting in the issue of 34,500 shares and gross proceeds of $17,250.
The company had a net cash position of $4.6m at the end of Q313, after paying $3.7m in cash operating expenses and $0.1m in capex in Q3. We will have a clearer picture of ongoing cash operating costs when the company reports FY13 results in mid-March.
I suspect most of vpig's energy is being dedicated to signing on key partners. There going to have their hands full integrating with discover card and other companies in hopes that someone will want to acquire them.
If I were a discover card, google, Microsoft, apple I would be most interested in their platform. Is it patent protected yet ??
Disappointed in VPIG marketing. I tell friends that have younger children about this service and many haven't realized that their children will one day be consumers on-line. Our generation was taught to be consumers in brick and mortar stores: count your change, keep your receipt, etc. etc. This new generation needs to be trained to shop on-line, we learned by fire about the cost of shipping, exchanges, etc. Would like to see VPIG do more marketing in the United States!
Now that the subscribers are flooding in, it's only a matter of time until analysts get a hold of this thing and it will be off to the races. Nice being the only COPPA compliant technology.
Boom goes the dynamite. Just the beginning IMO.
Well on our way now with over a million users. Blue sky's ahead, IMO.
i am not trying to be smug nor demeaning, just observational.
there are patterns in price action and similarities between market events that can have implications and relevance in today's markets. both human behavior and algorithmic manipulation leave fractal patterns across multiple time-frames that are actionable when confirmed by a convergence of other signals. only when data is slight, partial, or biased, is the decision process subject to fallacy. there's hardly a day that goes by, that isn't groundhog day in one or more markets, or that an actionable divergence with seasonality is presented that can't be used as a signal.
as long as objective heuristics are applied in one’s decision making, that does not allow stress, cognitive load, emotions, and especially bias to non-linearly affect the process, the result can be well defined, reproducible trades with a proven edge. however, the bulk of your analysis is mostly post hoc, and relies on the visual inspection of charts based on simplistic criteria and lagging indicators. One reason that it is naive and useless, is because it rarely provides estimates of expectation or probability of success, and very often is plagued by confirmation bias. in other words, you will seek out the data point(s) that reenforces your directional bias, while ignoring the ones that don't.
to use a candlestick shtik as an example, it's true that a lot of extremes have reversal days, evidently and elegantly displayed on a candlestick chart, in a bearish engulfing reversal formation, let's say; so the probability is a reversal will occur with an attendant price extreme. but, it does not tell you the probability of having an extreme and a sustained change in market trend-given that you have a reversal day.
of course, these approaches are intoxicating to the contrarian, but in a trending or momentum driven market, they only serve as a rationale to prematurely exit a successful trend following trade. in effect most naive technical analysts and retail traders remember when their methods and indies worked (selection bias) and forget the many more times they failed. This level of analysis has negative expectation, which is a fact that professionals traders realize.
I think you're looking for the term "ad hominem" attack, you illiterate moron (perfect example, right there). The restraining order expired in June, loser ( oops, there it is again). I'm free to travel anywhere in Orange County now, and where I live, I'm now free to carry. Now there's a scary thought, isn't it?
SPOKEN LIKE A TRUE MAN, GREAT JOB AS THIS IS ABOUT COMPANY'S AND MAKING MONEY NOT HATRED SPEWED BY CERTAIN PEOPLE THAT HAVE INSECURITIES AND TEND TO ATTACK PEOPLE PERSONALLY.
THERE ARE RESTRAINING ORDERS ON A FEW POSTERS AND IF YOU'D LIKE I WILL SEND THEM TO ANYONE INTERESTED.
A generalization by "professionals" looking to demean the retail traders. Not sure what qualifies an individual as a professional, but i don't care really. I'm making money with my style as I hope VPIG with their company plans someday.
I will relish the swings in VPIG's charts and capture the gains I can along the way. I wish you luck as a professional trader weathering the swings and ultimately coming out with some gain.
FOLLOW THE MONEY
This board is about proven results Papa, and VPIG is just an overvalued company with NO revenues and millions in debt. The writing is on the wall, shares will be picked up for pennies on the dollar in 2014.
LOL its another beautiful day in Laguna Beach, CA too..stop by I'll buy you a drink or two
So as not to be lost-in-the-shuffle; in the words of Tagore, let me not forget for a moment - the poster child for the Dunning–Kruger effect. (I"ll forgo cutting and pasting the definition from Wikipedia, and allow you to look it up, Penny.) I very much understand your perspective; it's the perspective of every retail trader in existence, and the reason why retail traders make money some of the time, and lose money most of the time, while professional traders make money most of the time, and lose occasionally.
SELL VPIG, INSIDERS ARE!!
VPIG IS A COMPANY THAT DISSEMINATES WEEKLY PRESS RELEASES FOR THE PURPOSE OF DUMPING MILLIONS OF SHARES.
BUYER BEWARE
Wi-Fi-Gi is obviously, a source that can't be taken seriously, on any level.The accuracy of his comments and his motivation for making them are blatantly obvious. It is naive to believe that his comments will have any impact on the market, anyway. This guy is not short 300 shares, nevertheless 3,000,000 shares. That is an unmitigated fabrication and grandiose fantasy, that can easily be discredited with a look at the short interest.
After a little research and deductive reasoning, I have a pretty good idea who this basher may be. (His name, address, and phone number can be provided for those who are interested in dealing with him, in a more pro-active manner). He is a pathetic, disenfranchised, loser who lives with his mommy. He is flat broke and incapable of generating any income, so he spends his time degrading real companies, with real management, and real promise; in order to take the focus off his own sorry excuse for a life.
In any case, the true believers in this company realize, that the company's imminent success, will soon rid us of this pitiful pathogen.
Bad businesses that have no real value are SCAMS and always appear legit, then out of nowhere the doors are closed...just look at LATI and OCZ.
I'll keep selling and you keep buying and one of us will be right, just be warned that I exposed this little piggy as a real oinker.
Dont waste ur time on wifi let him short until his little heart is content and than watch him get f'd when this thing takes off. This co is not a scam and insiders arnt selling wifi is full of it. U cant change stupid. Good luck standing in the soup lines at the homeless shelters wifi.
WI-FI you are so wrong! Clearly you don't know what your talking about. You say SCAM. If this was a Scam, then why would major branded retailers, i.e., Body Glove, Claire's, Journey's to name a few partner with VPIG. Why would a SCAM be the ONLY "COPPA" compliant payment technology platform in the world. Why would a SCAM win about every award nationally when it comes to online consumer payment technology. Why would a SCAM appoint Sebastian Motte to lead business development in the gaming sector for VPIG. Oh by the way, Mr. Motto was formally with Microsoft and Xbox. You might want to look that up. They a venturing all over the world now on the Gaming end, and have had great responses form the retailers. This is no pump as you say. These are facts. Pump & Dumps are merely based on proformas and supposed potential. Vpig is accomplished. Why don't present facts instead of making yourself look incompetent.
Pump & Dump
All Scams need people to believe, just look at LATI and OCZ the past year. VPIG is no different and they put out PR weekly with no substance (First sign of a scam). Everyday sellers are there and dumping (management & insiders) they're loading up their bank accounts and soon the shares will just trade lower until people realize they've lost 90% of their investment.
Sell NOW....I am selling everyday and have accumulated a short position that is close to 3 millions shares and I will watch it go to pennies before I even think of placing a buy order for this PIG.
You have no idea what your talking about. VPIG and the gaming industry is doing great. It is still the only platform on the market. The future is bright for "Oink".
VPIG DILUTES SHARE VALUE BY 50%
Every dollar invested in VPIG has been diluted by over 50% and look for new lows in 2014.
Banks have turned down VPIG and now the last resort is dilution and eventual Bankruptcy.
Look for new lows in 2014....It's the evolution of a pure scam, just as Madoff's run ended so shall VPIG
Sell Now
DILUTION IS PRECURSOR TO BANKRUPTCY
VPIG, selling more shares, they've run out of money, banks "won't get fooled again" the only thing left is to dump shares to the piglets, cash out and close up shop just as OCZ and LATI did.
BANKRUPTCY IS NEAR
Johnny, you're giving him way too much credit. By calling "Wi-Fi-Gi" an idiot, you're insulting all the idiots in the world.
Wi-Fi-Gi is an idiot
This just in!!!!!stfu
BANKRUPTCY IS NEAR
VPIG, OINK or Whatever they keep changing the name too will soon be at a crossroads.
NO REVENUES + MILLIONS IN DEBT = BANKRUPTCY
SELL NOW AND THANK ME LATER.
PANIC IN VPIG
Rebranding is last stage before filing bankruptcy and sure sign of panic by management.
Sell Now, management and Insiders are.
VPIG is promoted by known pump & dumpers that also recommended buying shares of LATI at $2.00 last MAY and in less than 6 months LATI filed bankruptcy that cost the small investors millions while the promoters and insiders cashed out.
VPIG ready for BANKRUPTCY
Its easy to see that the shareholders are about to get burned. The same people that promoted LATI at $2.00 (bankrupt 5 months later) are promoting VPIG.
Just as OCZ was bought out of Bankruptcy, VPIG will follow suit, why pay more that 5 Cents a share for VPIG, thats all its worth.
Smart Money is dumping shares everyday while there are bids to be hit.
Private Placements are DOA on this PIG with little cash and $30-40 million of debt, common sense and banks unwilling to loan VPIG $$$, its just a matter of time (see OCZ chart) before VPIG is trading $.05-.08 per share.
SELL VPIG
11/26/13
Right...here's my pespective that you won't understand. Just as you didn't a few months prior, right after a "golden cross" (50MA crosses the 200MA upward) had occurred.
Fundamental analysis shows VPIG earning nominal Revenue while burning through expenses at a rapid pace. Common stock sales have been the main source of cash and the issuance of options, warrants, and stock for services has helped as well- $32 million. The accumulated deficit is -$30.8 million- close to the cash received from equity issuances.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9599156
My quick fundamental analysis just aided your Pinterest comment. Here's an article that corroborates your Pinterest comment on Business Insider from Feb 2013. I'd agree with you that nominal Revenue isn't a sign of weakness for VPIG. Can VPIG be compared to Facebook as Pinterest is? Probably not yet. The article discusses other areas investors are interested in for Pinterest. Maybe 100s of millions more in equity issuance will help.
http://www.businessinsider.com/pinterest-200-million-valiant-partners-2013-2
The News and PRs for VPIG has been encouraging.
Here are a few articles:
http://www.hotstocked.com/article/64772/virtual-piggy-inc-otcbb-vpig-approaches.html
http://m.seekingalpha.com/article/1822962
http://www.dailyfinance.com/2013/09/23/virtual-piggy-comments-on-recent-internet-blogs-an/
http://business.transworld.net/121852/features/virtual-piggy/
The following charts are from a weekly period perspective over 3 years. Most TA is done with a shorter time period but since you hold long the TA will still show some long-term tendencies just as well since VPIG has "natural tendencies" and has been traded for awhile as you stated.
+ PSAR has predicted the uptrends well except Aug-Dec 12'; major downtrends have been predicted well
+ RSI over 70 has predicted pps peaks well (overbought range)
+ MACD signals and threshold have predicted pps peaks well; it currently shows the pps poised for recovery as it has been oversold this month
+ CMF has predicted low points in pps (oversold) well once 0 or lower is hit
+ Acc/Dist has been steadily increasing long-term but doesn't indicate peaks and troughs from this long-term presentation
+ MFI has been the best indicator for both pps peaks and troughs
+ OBV has been following Acc/Dist until the past few months where it followed the recent pps down and current correction upward
+ Bollinger Bands have predicted pps troughs well, when pps hits the lower BB (resistance)
+ +DM/-DM have predicted major pps corrections (when a DM crosses the other) though a couple weeks late in determining the exact trend reversals
+ CCI been an excellent predictor of troughs with signals of overbought prior to an uptrend
- Ichimuki Cloud has been a poor indicator historically due to the long-term perspective IMO
By the way, did you copy and paste Wiki to discuss the regression fallacy? Link is below. Your opinion is that TA is a regression fallacy. I disagree. Look at the charts attached and tell me you don't see patterns. Patterns that aid in buyer versus selling indication overall. If you want to chart the moon and stars as well then maybe that will aid in pps prediction, but that's not my specialty. Can I possibly make more $$$ trading VPIG using TA, versus nothing at all other than using your strategy of holding 10 years through the ups and downs, MAYBE.
http://en.m.wikipedia.org/wiki/Regression_fallacy
Not bashing - just have an aversion to ignorance. Once again, the regression (or regressive) fallacy is an informal fallacy. It ascribes cause where none exists. The flaw is failing to account for natural fluctuations. It is frequently a special kind of the post hoc fallacy. In other words, my simple minded friend, correlation does not imply causation,e.g., I predict VPIG is going higher because there's a full moon, and it trades higher the next ten days.
You still bashing me Chubby? I posted this question 10 days ago and the pps has fallen since.
I also discussed the pps with you months back and said TA showed an uptrend forming, of which you laughed at me. The pps went up days later...
Now the pps is falling and my thoughts are worth $.01? More than yours I guess...
A penny for your thoughts PennyMan, which is exactly what they're worth. The myth that its cheap to build a consumer web company is about as anachronistic as the notion that revenues are required for a company to have a stratospheric valuation. Yes, changes in the American venture cap model means the cost of starting a web business is some ten percent of what it was 15 years ago, and that’s forever changed incubators, angel funding, ownership that entrepreneurs are allowed to keep, and the culture around start-ups. But it is — if anything– more expensive to build a consumer Web company than ever before. In today's world 30MM is a drop in the bucket. Facebook raised 2.33 BB before going public and Twitter 1.16BB.
So what, if Virtual Piggy has a nascent monetization strategy and no revenue. All you have to do is look at a company like Pinterest, another social media company with a niche target audience, that also has little to no revenue, but a whopping $3.88BB valuation, and you'll suddenly feel all warm and fuzzy inside.
http://www.entrepreneur.com/article/229597
When is this company going to post Revenue? $4 million in cash and barely Revenue to show for it. $20 million in stock issuance since inception and it appears each quarter more shares are issued to get cash. $30 million in deficit.
VPIG is getting cutting edge with commerce technology. It's only a matter of time before analysts get hold of this.
http://finance.yahoo.com/news/virtual-piggy-joins-demandware-accelerate-120000301.html
Hoping this gets attention one day.
They have PR unlock most stocks, a product, and getting awards.
WHERE ARE THE PEOPLE AT!!!!
VPIG
The primary challenge that the market faces here is assessing the equilibrium price in the absence of outright manipulation. There will always be chauvinistic buyers at the front end, but the back end interventions are a recent phenomenon and many buyers(and now sellers) were engaged in front-running these types of activities. This is a flow-oriented phenomenon, not a value-oriented phenomenon. My general rule is in the short-term, flow trumps fundamentals for longer than the average leveraged speculator can tolerate. God knows I feel the pain. So, the primary question, is when will the front-runners exit the market, or better yet, when will they become inextricably trapped.
I dont understand why this is not getting more attention!
Yesterday there was a 60000 $1 after market trade. That is a lot of money and someone knew this was going up and up.
Keep and eye on the pig!
VPIG - BACON!
Wish I could have gotten in that low.
Did not see it until today and it was to late to get the cheap shares. Just hope for a steady move up to where it was. :)
My average is 85 cents so feeling good here.
Someone is making a killing on these!!!!
I am sure that stock will be right back up to 2.20 or higher before it is all over just as I think we will be back over 1.5 soon. Lets go little piggy!
$$$$$$$$$ VPIG $$$$$$$$$$
TIME TO MAKE SOME BACON!
This thing was dropped down to fast. Time for a bounce back.
Wish I could have got in earlier.
Last year 9-26-2012 Seeking Alpha (by Rob Steele) touted (not attacked) the stock “ZERO” yet the price dropped that day from $1.89 to $0.53 in one day. Price was due for a major correction anyway and just needed a spark. Price soon recovered most of the value within a month.
Ageed. I have made great money following the day trade action that stems from these SA articles.
SA; how much do you make at your job? A well crafted SA article can offer the author 50% gains on a short followed by an easy doulbe when the stock rebounds.
See ZERO last summer! Stock went from $1.80 to $0.60s in one day, followed by a double from the $0.60s back up over $1.40s. Their article made "Good points". But, of course the fundametals never changed, so it can'tbe viewed as anything more than manipulation.
A few thousand dollar opportunity for a few days work. Not bad.
Normally I ignore Seeking Alpha since they clearly have an agenda but I have started keeping track of a few of their short attacks on OTCBB in which big % drops occur. There is usually a nice swing trade off the bottom.
Very interesting article nonetheless. Must have taken them a while to piece together all that information.
that article was the most biased pos I have ever read, it's pretty plain to see that they were trashing the co for their own personal gain (shorts) it's a great opportunity to buy some cheap shares before it bounces back. Chris Carey is a slimy piece of shiite douche canoe. Here it is right off their website "(Editor’s Note: Sharesleuth has taken down the story on Virtual Piggy Inc. (OTCBB: VPIG) that appeared under this headline last Friday. We will publish a revised version shortly.)" I wonder why??? Oh that's right slamming a company with false bs reporting for ones own personal gain is illegal. Glta, don't always believe what you read.
SA; without any truth the short article wouldn't be worth reading OR writing. But it is that, a biased editorialized SHORT article. This is not real DD, nor TA, nor journalism. Just legal manipulation.
Lots of OTC stocks that are real companies have issues. Thats why they haven't made it to the Big Boards yet.
Trade SA pieces, but never take LONG advice from them.
Agree on BUY. I have traded thru other SA hit pieces in the past. Stock ALWAYS bounces back. Sometimes the next day; sometimes 2-3 weeks.
Been watching this one for a while waiting for the right entry, this is a gift.
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