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VLYFQ: SEC A.L.J. Initial Decision to revoke:
http://www.sec.gov/alj/aljdec/2014/id596cff.pdf
I wonder if they still have any operations? I'm going to have to do a little dd soon.
VLYF changed to VLYFQ: Bankruptcy:
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/21/2013&mkt_ctg=NON-OTCBB
You could be right?
25K on the bid right now, makes me think news is coming real soon. Someone wants inn
Yeah, I'm really sure what to think of this one, but I did pick up a few. Huge potential here with the Science of THOR LVX
THOR LVX Cargo and Baggage Screening System.
This stock could be in the dollar range in no time
Huge bid, Over 15k, looks like someone wants inn
yeah I know, I just wrote the company so I'll be waiting to see how they respond. But this could be a good one to be inn before everyone starts to notice it. THOR LVX has a lot of potential and the market for it is massive
Insiders own like 66% of the o/s. They are being investigated for supposed fraudulent business practices, but they appear to be a real and profitable company.
watching for now
I got in today at .057, looks like it should move north!! imo
There seems to be buying action today in it
moving south still on low vol
VLYF - .50 This is huge news for this company.
Valley Forge Composite Technologies Announces $5 Million Agreement In Principle for Initial THOR LVX System Deployment
Last update: 5/30/2012 7:00:00 AM
Latin American Nation To Acquire THOR LVX System for Cargo Screening First Deployment of State-of-The-Art System
COVINGTON, Ky., May 30, 2012 /PRNewswire via COMTEX/ -- Valley Forge Composite Technologies, Inc. (VLYF), developer of state-of-the-art detection systems, including the THOR LVX photonuclear detection system, today announced that it has an agreement in principle with a private US based company that is negotiating an agreement with a Latin American government for the first commercial development, delivery, and maintenance of a THOR LVX photonuclear detection system. The customer will use the system for high-volume, precision scanning of cargo entering the country. Valley Forge has funded $300,000 for the posting of a bond, which we believe is the final step necessary to signing the agreement (the "Agreement"). We believe construction of the system should begin in the next 90 days or so.
Under the proposed terms of the Agreement, the Agreement will be for a five-year term, Valley Forge will receive an initial payment for the system and ongoing monthly revenue on a per-scan basis. Management is in discussions with several potential partners to help finance the Agreement.
"This is the most important development in the history of Valley Forge, as today we announce a potential agreement relating to the sale of a THOR LVX photonuclear detection system," commented Louis Brothers, president and chief executive officer of Valley Forge Composite Technologies. "The last year was focused on completing the patent applications and licenses of this important system, as well system upgrades of the first THOR LVX prototype. This set the stage for a commercial launch. Adding this incremental revenue from THOR LVX is anticipated to have a material and positive effect on the Company helping to drive the Company's revenue and profit growth in the years to come."
Construction is expected to begin in the next 90 days or so, and the Company anticipates completing construction and installation by the end of the first quarter of 2013. Total value of the Agreement, including ongoing fees paid on a per-scan basis, is expected to exceed $5 million. The Company will recognize revenue as phases of the project are completed.
About Valley ForgeValley Forge Composite Technologies, Inc., through its subsidiaries, develops, manufactures, and markets detection systems primarily in the United States. The company offers THOR LVX, a photonuclear detection system; and ODIN, a passenger weapons scanning device. These products consist of detection capability for illicit narcotics, explosives, and bio-chemical weapons hidden in cargo containers. It also engages in the design and manufacture of attitude control instruments for small satellites. Valley Forge Composite Technologies, Inc. was founded in 1996 and is headquartered in Covington, Kentucky. More information about Valley Forge Composite Technologies, Inc. can be found at .
Forward-Looking StatementThe Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.'s future plans, objectives, expectations, performance, events, reports made by others and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. In particular, there can be no assurances that a final Agreement will be executed with private US company and/or the Latin American government or that appropriate financing will be obtained to help fund the Agreement. As stated above, this is the first commercial development and delivery of a THOR LVX photonuclear detection system and there can be no assurances that such a system will work successfully in the commercial environment. Additional factors could also include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-K for the year ended 31 December, 2011 as filed with the U.S. Securities and Exchange Commission, entitled 'Business,' 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and 'Risk Factors.' This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Investments in the Company should be considered speculative and prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.
Investor Relations Contact: Hayden IRBrett Maas Phone: 646-536-7331 Email: brett@haydenir.com
SOURCE Valley Forge Composite Technologies, Inc.
I like the news here...going to check this out today
Valley Forge Composite Technologies, Inc. Announces 2-year Sales Increase of 15,182%. 1-Year Sales Increase of 583%.PR Newswire (Thu, Mar 31)
"In February 2008 ODIN passed independent radiation examination by the Radiation Safety Academy and is certified as ANSI/NIST compliant. Compliance with ANSI/NIST standards means that ODIN is classified as “uncontrolled” and can be sold domestically and internationally without additional TSA or Department of Energy permission." From 10-k April 2009
As far as this stock being toast if it doesn't get the DOE approval... I doubt it. There are plenty of airports outside the United States.
John83134
I'm new to VLYF and have been doing a lot of digging into the tech but I haven't come across an estimated price for any of their products. Do you know that THOR will sell for $6m or is that just an estimate?
Mid-Year update
Note the sales trend:
2008 $0.15M
2009: $3.2M
2010 $12.7M (so far)
IF VFCT sells 10 THORS for $6M each, the 2010 sales will be at least $72.7M
Assuming a low 10% gross profit that falls to the bottom line with the offsets for prior losses results in a $0.12 EPS.
Taser International, about the same size of company and in the same industry segment, has a forward PE of 29.3. Under the same circumstances, VLYF stock would be $3.60.
The real change is in 2011.
IF they sell 10 THORS/month. That is 120 X $6M = $720M in sales!
Further assume a modest 25% GP (Taser Int’l is at 61%).
That then results in gross earnings of $240M, most of which will be net because of the prior year losses.
With 59.2M fully diluted shares, that results in an EPS of $4.05.
At the market segment average PE of 14.1 that results in a stock price of $57.16.
At Taser Int’l’s PE, that would result in a stock price of $118.78
And that doesn’t count any sales for ODIN or LOKI, fly wheels and whatever else these guys are pulling out of their Russian hat.
With only 15M shares available and with the massive potential of VLYF, a PE of 29.3 could be VERY LOW. Especially if/when there is ever a container incident any where in the world.
Of course this projection has an IF but given the progress this year, I believe they will be announcing multiple-unit THOR sales soon.
Add more THOR sales, a few dozen ODINs and LOKIs, double the fly wheel sales, and a more realistic GPM – especially since there is no competition – and the numbers literally go crazy.
Just like what LLNL said a few years ago.
Can anybody find fault with this?
Comments?
The Livermore release was real good news, even if it was rather timid. I'd guess that the GOVT's lawyers limited what could be said becasue of national security concerns.
The most pertinent part of the most recent press release
http://www.vlyf.com/about/press-releases/000053/
is: "Orders to date for 2010 exceed $12,700,000. The cash generated by these sales provides the capital for the company to apply towards the commercialization of its ODIN and THOR-LVX next generation detection systems."
As I previously speculated, they are financing the development of their products internally. That is real good for us long term holders.
I expect to see more and bigger announcements in the next 1-2 months.
So the only causes for the drop in price that I can see is response to the rest of the market and short term investors not receiving the kind of payoff they were hoping for.
That was good news from Livermore if I am not mistaken.
THOR Is Without Peers.
It should be remembered that government approval is
slow and tedious whether in Malaysia, Europe or the US.
I'm hoping for some word from Livermore soon.
The same issues apply to ODIN with the additional
complication of having no one at the helm in TSA for
the last year and a half. (New TSA chief now confirmed.)
So is everyone out now? Haven't noticed much activity on this board since the decline. The recent news didn't do much for the stock. Did the THOR system come up short?
VLYF has been quiet for too long.
I think the recent announcement that they are showing off THOR at RuPAC 2010
http://finance.yahoo.com/news/THORLVX-Va...
is a much bigger deal than most of us realize. That is a presentation of THOR to the world's leading physicists and accelerator gurus. From what I've been able to glean, evidently the race track microtron, the "guts" of THOR, is a rather impressive engineering accomplishment.
I believe the RuPAC announcement is just a precursor to the BIG announcement from Livermore(?) that the THOR technology is working, does what VLYF says it does, and is ready to be commercialized.
Based on how quiet VLYF has been, I believe it will come sooner rather than later. I will guess that "sooner" will be some time this month.
It will be a very good second half of the year.
BTW, I just noted that they've posted some details on LOKI, including the price: $7,410,000 USD
.
And the “Price does not include customs duties or taxes.”
http://www.vlyf.com/media/investor-package.pdf
The stock is undervalued. If you have read my earlier posts the reason I bought this stock is because my friend who owns a large investment company told me he was buying a lot, also their office is less than a mile from me.
Sure did, that's why I asked. $2.4 million in contracts to who? When is delivery expected? Shouldn't this have impacted the stock price more? Or was this anticipated and already built into the price?
Do you not see the 3 posts below you showing the news?
$2.4 million in contracts is announced and its not even discussed here for a week?
What gives? What am I missing?
Valley Forge Composite Technologies, Inc., (OTC Bulletin Board: VLYF), announced that it won contracts totaling $2.4 million in orders for its products
VLYF Wins $2,400,000 in Orders
Valley Forge Composite Technologies, Inc., (OTC Bulletin Board: VLYF), announced that it won contracts totaling $2.4 million in orders for its products including $1.1 million for Valley Forge Imaging Systems (VFIS) and $1.3 million for its legacy Valley Forge Aerospace (VFA) business.
"After years of development this is our first order for our Imaging Products. Due to our capability to image body cavities coupled with our high resolution we believe that VFIS is well positioned for growth," said Valley Forge CEO Lou Brothers.
About Valley Forge Imaging Systems
VLYF's wholly owned subsidiary, Valley Forge Imaging Systems, is primarily focused on the sales, service and maintenance of a next-generation full body scanning system, ODIN. ODIN uses ultra low dose radiographic imaging technology to create near medical quality images showing metallic and non-metallic weapons as well as sheet explosives and other concealed items. VFIS sells and services other imaging products for specialty markets.
VLYF Wins $2,400,000 in Orders
Valley Forge Composite Technologies, Inc., (OTC Bulletin Board: VLYF), announced that it won contracts totaling $2.4 million in orders for its products including $1.1 million for Valley Forge Imaging Systems (VFIS) and $1.3 million for its legacy Valley Forge Aerospace (VFA) business.
"After years of development this is our first order for our Imaging Products. Due to our capability to image body cavities coupled with our high resolution we believe that VFIS is well positioned for growth," said Valley Forge CEO Lou Brothers.
About Valley Forge Imaging Systems
VLYF's wholly owned subsidiary, Valley Forge Imaging Systems, is primarily focused on the sales, service and maintenance of a next-generation full body scanning system, ODIN. ODIN uses ultra low dose radiographic imaging technology to create near medical quality images showing metallic and non-metallic weapons as well as sheet explosives and other concealed items. VFIS sells and services other imaging products for specialty markets.
"VLYF News" Valley Forge Composite Technologies, Inc. Wins $2,400,000 in Orders
http://www.marketwatch.com/story/valley-forge-composite-technologies-inc-wins-2400000-in-orders-2010-05-25?reflink=MW_news_stmp
COVINGTON, Ky., May 25, 2010 /PRNewswire via COMTEX/ -- Valley Forge Composite Technologies, Inc., /quotes/comstock/11k!vlyf (VLYF 2.30, -0.15, -6.12%) , announced that it won contracts totaling $2.4 million in orders for its products including $1.1 million for Valley Forge Imaging Systems (VFIS) and $1.3 million for its legacy Valley Forge Aerospace (VFA) business.
"After years of development this is our first order for our Imaging Products. Due to our capability to image body cavities coupled with our high resolution we believe that VFIS is well positioned for growth," said Valley Forge CEO Lou Brothers.
things looking great yesterday to finish off the week
and relative strength.
I think something is brewing and is ready to pop.
Whens the next meeting?
Here's the kicker for me:
“…Valley Forge Composites Technology, Inc., an accelerator-based device to detect hidden explosives in luggage and cargo. The explosives-detection system is based on a small-scale electron accelerator developed by Lebedev. The potential market for this technology is huge; the U.S. market demand alone is approximately $2 billion per year for hardware and $2.5 billion for maintenance and support services.”
Lawrence Livermore National Laboratories
2005 Annual Report
I really like the "huge" part from a bunch of PhD nuclear physicists. I wonder how "huge" huge would be in 2011 dollars?
I think I have a reference from 2002 somewhere. In any case, Livermore is the driver and while they have been quiet since that 2005 statement they've all been working on bringing this technology to market for quite some time. Given VLYF's recent press statements, they are now close and I believe an announcement is imminent.
Since you are in the area, can you go to their annual shareholder's meeting, whenever, and give us a first hand report on this rather secretive company?
I called them and asked who has production rights. The lady said she would have someome get back with me, I just called their main office.
Interesting Fact- I work for a Commercial Real Estate Company and my Company was the one that actually did the Lease for thier office in Kentuckey.
It is my understanding that THOR is a joint project of Livermore, the Ledebev Institute in Moscow, and Valley Forge under a State Dept WMD non-proliferation program. The technology is the Russians. I believe Livermore owns the technology rights with VLYF having exclusive production rights. They've all been working on this thing for many years. I wouldn't be surprised to find out that the original Russian technology came out of the Russian equivalent of Star Wars.
For THOR to go into production, Livermore probably has to sign off. I've heard rumors that they have kicked the tires and will "soon" give their blessing, allowing VLYF to forge ahead.
Livermore report ?
The management is engineers. They know didley squat about PR. However, by the silence - odd even for them - I smell something cooking. Is the Livermore report ready to pop?
After this breaks $3 it will just keep going from there. Need a solid PR to boost us past $3 tho.
Maybe impending word about the Good House Keeping Seal of Approval from Livermore?
Above Average trading today. Looking for some news soon maybe. Someone must know something
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