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LOL! This is supposed to be about investing.
Longs obviously lost money. LOL! Stock down from $2.00 to 0.70 in a straight line. Very few bounces, if any. Even YOU claim that the stock only trades 15% of it's total outstanding COMMON shares in a year, and now we are to believe longs didn't lose money. ROFLMAO!
To bad this Pink is trying to sell a product that they just keep losing money with.
Oh well. I'm done with the comedy now. Gonna make me some MORE money now. Gotta find more stocks to short like XATA. Sorry, XRSC.
You're welcome!
I haven't lost any money here. I've made some on the flips though.
Pinkies? Your confusing your stocks again. This is the Nasdaq company that actually makes and sells a product. ROFLMAO.
Again, you're welcome.
Sorry you didn't take my advice. Hope you didn't lose too much money here!!!! I won't be able to help you anymore as I won't be coming here to XATA, or XRSC, or whatever it is now. (Isn't it just like these Pinkies to change names and symbols, huh?)
I hope your other investments work out better for you. Based on your work here, I'm not so sure.
You're welcome. See ya soon.
LOL. That was hysterical. Yea, I don't think I need help making better investment decisions. Let's recap. I wasn't the one that said XATA was undervalued at $2.00. Who was that again??? Now it's at at 0.70!!!!!!!!!!!!! I think the longs here (BTW, how many longs were there here???) are the ones needing investment help.
I called this a short up at $1.75. Now it's at 0.70. So, let's see. My call made $1.05 per share. The longs (long?) here, are down over 50%.
Don't worry, you are welcome to my investment experience anytime you need it.
And I'm glad we agree. XATA (sorry, XRSC now) is run like a Pinkie. Fluff news. Name change. Symbol change. 50% loss of market cap in a year. Walks like a Pink. Quacks like a Pink. Yep, it's a Pink. Glad we agree.
Your math on the trading volume is flawed. There's only been about 15% of the common traded because that is all the suckers they could get to actually buy this crap. It only trades 6500 shares a day because noone wants to buy this. If they could ever trick any real size into buying this then look out for the volume spike from the large seller.
Now that XATA is now XRSC, I will take my leave here again. Sorry to all those longs that got burned here with XATA. You can't say I didn't try to warn ya'!
Again, a market cap of only $7.6M that has been trending down for nearly 3 years now?
Why isn't the market cap $60M with those sales, $40M non current assets and $15M cash on hand?
Why are they approaching a such historic lows if all is well in XATAland?
I am confident they are doing everything "legally." Just not in the best interests of the non-voting, unwashed common stockholders.
XATA management seems to believe they are "better" than the unwashed common stockholders.
Why is XATA management soooo indifferent to shareholder value?
It is because non-voting common shareholders don't matter due to the tiers of classes of Preferred voting, dividend paying shares?
So why hasn't someone acquired XATA? IMHO, the same self serving preferred voting stockholders have a de facto poison pill in place.
All because the common stockholders "don't matter."
JMO-
Your BFF,
WhisperingBomb
so putting lipstick on a PIG like XATA...
...means it is NOT a pig anymore?
ROTFLMAO-
XATA/XRS STILL has all the profits going to the insiders holding preferred, voting shares. The common shareholders are still BAG holders...
ROTFLMAO-
Hope everyone is still shorting this lipsticked PIG.
JMO-
Your BFF,
WhisperingBomb
First of all, I know it's not from convert holders. They have to convert their preferred shares first and the ratio is $3/Xata share. I don't think they're that stupid.
Next, Xata has about 10 million common shares outstanding, not counting the many preferred shares. It trades an average of 6,500 shares/day, or about 1.5 million/annum. So IN A YEAR, 15% of the COMMON shares trade. So no, it's certainly not the large shareholders selling.
I'm glad you now understand the difference between an exchange traded stock and a pinkie. It's an important distinction.
Hope that helps, but if you have more questions, let me know. I always like to help others make better investing decisions.
WHAT????? You're not worried? Are you sure???? Where else do you think all those hundreds of thousands of shares of XATA, that have been for sale, came from? Especially all those under $1.00. You still don't think it's from the convert bagholders? You think there is a second group of sellers that don't care about the XATA valuation too???? OOOPPPPSSS!!!!ROFLMAO.
Please tell me you still don't believe that convert deals can't be restructured? WOW!!! That's worse for you longs. Now you have another group of sellers, those that don't care that XATA is under $1.00, and keep selling every day. You are placing too much faith in the wrong people. Doesn't matter where the bag (convert) holders own their stock. SOMEONE is selling their stock down here at 0.60!!!
Remember, even though XATA (sorry, XRSC) doesn't trade on the Pinks, it is a Pink. Constantly coming out with news that means nothing. Like...
- Revolutionary platform
- Integration with Drive efficiency, Productivity and Convenience
- Device Resources and Support
At the same time that their stock is free fallin' from $2.00 to 0,.60, since we all came here. They change their name, symbol and reintroduced their same old crappy product under a different name! Just like a Pink. Sorry for all you longs that thought this was a real stock on a real exchange.
Sorry for all you longs that were impressed with their "strong balance sheet", and "cash on hand". How's that working out for you so far?????
Wonder how much longer this DUMP will go on for? Imagine if there were ever any actual buyers of this stock. Imagine how much selling there'd be then???
Profitability???? Profitability??? Have you looked at any of their recent Q's?? Wow.
Thanks, I really needed a good laugh today.
The convert holders price is $3/share, so I'm not worried.
Remember, XRS is not a pinkie. These listed stocks aren't pump and dumps like the pinkies.
No question that with few eyes and ever fewer trades on XRS, it's going to languish. We'll have to see if the new direction and new products lead them on the profitability trail they're hoping.
My money's on the convert holders not letting them fail. After all, they don't get anywhere unless it moves back up 500% or more.
So, let's see if I got this right. You thought XATA was undervalued last July, when the stock was over $2.00 because it did $70 million in Revs. (That has to hurt). Then you started talking about their balance sheet, and their cash flow, and their profitability right around the corner, and how much cash they had, etc. The stock was around $1.50 at that point.
Where's it now???? Oh yea, it traded to 0.60 yesterday. 0.60!!!!!!!!!!!!!!!!
Now, you are pumped because they changed their name, changed their symbol, and re-introduced the same crappy product they've been trying to sell, under a different name. Wow!
LOL. When you gonna realize XATA is just another Pinkie trading on another exchange, and that they are more hucksters trying to take your money.
Problem with XATA and most others is, the folks running the game know exactly what they're doing and when, so they almost without fail, make money. If you're really lucky, or can figure out what's going on AND you take too small a position for it to affect the big guys, you might make some money also. Most pinkie investors end up losing though, so the big players can make money. And anyone getting in to XATA over $2.00 clearly has lost money too.
Whereas few would ever play pool for money with someone who was hanging out at the pool hall and said they were a beginner, many folks seem to believe the "This stock is different from all the other pinkies" stories. (remember, I am quantifying XATA as a pinkie as it walks like a pinkie, smells like a pinkie...)
Good luck with the new XRS Corp. Sounds like a Pinkie reverse merger attempt to me. Well, all those convert bagholders need to get out of their paper somehow, right?????
so putting lipstick on a pig like XATA...
...means it is NOT a pig anymore?
ROTFLMAO-
XATA/XRS STILL has all the profits going to the insiders holding preferred, voting shares. The common shareholders are still BAG holders...
ROTFLMAO-
Hope everyone is still shorting this lipsticked PIG.
JMO-
WhisperingBomb
Big changes at Xata. I'm LIKIN' it. Now we need to see some positive results and some new eyes on the stock.
Xata Changes Name to XRS Corporation and Announces New Revolutionary Mobile Platform for Fleet Optimization and Compliance
Wave of mobile technology spurs new name and innovative, flexible solution
MINNEAPOLIS (Aug. 13, 2012)—Xata Corporation today announced the company is changing its name to XRS Corporation and introduced a revolutionary all-mobile platform of the same name for trucking compliance, performance and fleet optimization. The announcements came today during the Xata User Event (XUE) in Minneapolis. The new name, which stands for Xata Road Science, is effective immediately. The company expects to be listed on the NASDAQ Capital Market under the new symbol “XRSC” as early as August 14, 2012.
“We've always been at the forefront of developing technologies and services that have brought the power of science to the trucking industry,” says Jay Coughlan, CEO of XRS Corporation. “Now, we’ve pioneered mobile fleet optimization, a revolution that's literally putting the power of technology in every driver’s hand. Our new name honors Xata’s proud history while reflecting our breakthrough new mobile technology.”
The company’s name change is driven by its new, all-mobile platform, designed to help fleets and drivers capture data for two essential needs: to keep drivers and fleets compliant, and to slash costs. The company’s eight years of success and more than 50,000 mobile subscribers with its first-generation mobile tool, Turnpike, have paved the way for XRS.
XRS will run on more than 50 types of mobile devices to automatically transmit vehicle and operator data directly to a management dashboard. Nearly 90 percent of drivers already have mobile devices in use, meaning there are no additional hardware costs associated with XRS. XRS Corporation has partnership agreements with the leading brands in mobile communications in both the U.S. and Canada.
XRS also makes life easier for drivers, as it takes only 10 minutes to install with easy, instinctive use, and data sharing. The flexibility of XRS to work alongside thousands of other applications available for smartphones and tablets makes it as big or as small as users need it to be—whether for owner-operators or small, medium or large trucking operations.
Each attendee of the XUE conference today received a free Huawei MediaPad 7 tablet computer. The tablet is loaded with the XRS app, giving attendees a hands-on trial of the new mobile platform and its ease of use. Additionally, members of the company’s Xperience Customer Board have tested XRS in the months leading up to today’s announcement.
“As a long-time Turnpike customer, we relished the opportunity to be one of the first to try XRS,” says Cliff Dixon, Vice President of Information Technology at Quality Distribution, Inc., the largest dedicated bulk tank truck network in North America. “We’ve been pleased with the improved performance and business results gained from Turnpike, but XRS provides even more power, ease of use and flexibility for our drivers and fleet managers. We primarily ship a broad range of hazmat chemicals, so safety and compliance is of the utmost importance. XRS is software as a service, removing the complexity of changing hardware or software whenever regulations change – XRS is automatically updated to comply with new regulations so we know we’re covered. We look forward to rolling XRS out fleet-wide once it is generally available.”
“The days of expensive, hard-wired, on-board installations are gone. Mobile technology is established in our industry; XRS is the next step. We are already working with our legacy Xata customers to help them go mobile with ease and efficiency,” says Coughlan. “We are truly excited for how XRS will transform our industry.”
With XRS, there are no up-front hardware costs and no capital requirements. The subscription-based monthly service will be in the range of current Turnpike pricing today, with varying pricing levels dependent on package and feature functionality. Every XRS package level includes an XRS Relay in-cab device that communicates via Bluetooth with the driver’s existing smartphone or tablet. The return on investment of XRS is almost immediate, and it pays off in driver productivity, fuel efficiency, fleet utilization, accident prevention, compliance and much more. At a trooper stop or weigh station, a driver’s smartphone or tablet linked to the truck’s computer through the XRS Relay device serves as mobile proof of compliance with XRS data.
“Today’s rapidly changing regulatory environment requires fleets and drivers to find a mobile platform like XRS that stays on top of new regulations to help them remain compliant,” says Annette Sandberg, former FMCSA administrator and current CEO of TransSafe Consulting. “Using mobile technology is a win-win for drivers and fleets to improve safety, compliance and performance.”
XRS is scheduled for general release in spring 2013. Pricing and package levels will be announced prior to general availability in the spring. To sign up or for more information, please visit www.xrscorp.com.
About XRS Corporation
XRS Corporation (formerly Xata Corporation) delivers mobile compliance and fleet management software solutions to the trucking industry to maintain regulatory compliance and slash operating costs. XRS is leading the trucking industry’s migration to mobile devices for collecting and analyzing compliance and management data. Its existing mobility-based products are low-cost and easy-to-install solutions that run on smartphones, tablets and rugged handhelds-- devices often owned by drivers, themselves. XRS has sales and distribution partnerships with the major wireless carriers in the U.S. and Canadian trucking industry.
Through XRS, fleet managers, dispatchers and drivers collect, sort, view and analyze data to help reduce costs, increase safety, attain compliance with governmental regulations, and improve customer satisfaction – all through their mobile devices.
For more information, visit www.xrscorp.com or call 1.800.745.9282.
Cautionary note regarding forward-looking statements
This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs, expectations and future events, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, timely release and market acceptance of our products and product features, the pricing of our products, the availability of compatible devices, developing and future regulations affecting our products and customers, dependence on propriety technology and communication networks owned and controlled by others, our ability to establish and maintain strategic partner relationships and other factors discussed under “Risk Factors” in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2011 (as amended and updated by our subsequent reports filed with the United States Securities and Exchange Commission). These reports are available under the “Investors” section of our website at www.xrscorp.com and through the SEC website at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.
Contacts:
Megan Mahoney
Xata Corporation
megan.mahoney@xata.com
952.707.5681
Shelli Lissick
Bellmont Partners
shelli@bellmontpartners.com
651.276.6922
ROFLMAO!!! 0.60???!!! I guess it was too soon to cover! I haven't looked here in weeks. Something triggered me today and I see XATA at 0.60. I wonder, how could a stock with such a supposed strong balance sheets, tons of cash, and so near profitability trade all the way down to 0.60???
I remember someone saying something about a ton of converts hanging over XATA and the fact that they kept losing money every quarter was more important then their balance sheet. Who was that again? Oh yea, it was me!!
I guess those that were more impressed with accounting stuff (balance sheet, cash flow...) rather then trading stuff, would have to agree accounting stuff is clearly not as important.
I'll check back in another 3 weeks. Maybe XATA will be at 0.30 by then!! ROFLMAO!
.60 is the newest low here. IMO its still in freefall. Lower lows and lower highs. Thats not good. Looks to me like it won't be long before it goes belly up.
Oops, is that a new 52 week low? After the dismal financials came out I'm not surprised. I think we will see it head much lower.
But of course someone will paint the tape as they always seem to do. Is that a bad sign?
Sad but this company just can't compete will the big boys. It won't be in business much longer.
XATA is a crap stock:
Here's why:
Wonder why Fredenburg really left?
XATA nearing three year low!
Short XATA, see ya la'ta.
Wallace and MacLeod love to NSS stocks.
Looks like XATA is getting some "love" from this "dynamic duo."
JMO-
WhisperingBomb
I would agree with you, too-
Just don't want to be prevaricated away from the main issue with XATA here: "where's the beef?"
If they have soooooooo much on the ball, why is their market cap so outta wack with reality? Normal market forces would have it much higher.
So I start pokin' around and BINGO! Lots of strangely configured "Classes" of preferred voting, dividend paying stock. Held by guess who? All insiders!
It would be funny except for the con being perpetrated on ALL common stockholders. XATA can't even be aquired since the preferred stock represents a de facto poison pill.
What a deliberate ripoff of non voting common stockholders that don't normally check out corporate stock structure. The insiders have constructed a self serving cash cow for themselves, with no "pop" possible in common stock pps for "outsiders."
Yes, smart time to short XATA.... down, down, down....
Note the distinct downward trend in the pps the last 3 months... It's below cash on hand!!!
JMO-
WhisperingBomb
"Stupid management? "
Just because they wouldn't hire roger? Too funny.
Again, a market cap of only $8M that has been trending down for nearly 3 years now?
Why isn't the market cap $60M with those sales, $40M non current assets and $15M cash on hand?
Why are they approaching a such historic lows if all is well in XATAland?
I am confident they are doing everything "legally." Just not in the best interests of the non-voting, unwashed common stockholders.
XATA management seems to believe they are "better" than the unwashed common stockholders.
Why is XATA management soooo indifferent to shareholder value?
It is because non-voting common shareholders don't matter due to the tiers of classes of Preferred voting, dividend paying shares?
So why hasn't someone acquired XATA? IMHO, the same self serving preferred voting stockholders have a de facto poison pill in place.
All because the common stockholders "don't matter."
JMO-
WhisperingBomb
My gawd-
XATA's market cap is down 50%!
Why is that?
Stupid management?
"I'm just guessing."
ROTFLMAO!!!
JMO-
WhisperingBomb
Your recommendation is that it's thinly traded? ROFLMAO.
Again, $20 isn't going to get you anywhere, but that's probably all that's available to short on Xata, so go for it.
Good luck!
LOL, that's a pretty bad theory.
You'll get a better idea backing out goodwill and intangibles.
Good luck!
That would be my recommendation given the death spiral downward that XATA is on presently.
Given XATA's exploitive preferred stock ownership structure and now that this news is out, XATA could hit a 3 year low this week.
Shorted XATA yet?
I would!
JMO-
WhisperingBomb
How is it possible that XATA have $40M in non current assets, $15M cash on hand, $60M in sales and a horrible, horrible market cap of a pitiful $18M? Now nearing a two year low?
Here's a theory: The self serving insiders have all the preferred, dividend paying, voting stock.
The conned non-voting common stock holders are being trashed because their ROI is depressed by the insiders self serving voting preferred stock.
It is amazing that all of this is legal since they publish openly their dastardly ways. They sound like "legal predators" preying on ignorant non-voting, no dividend common stock shareholders.
JMO of course, but a little bit of close reading should give one pause for thought...
XATA's market cap is TOO LOW! WHY?
Because the insiders really, really don't care...
Just askin'
JMO-
WhisperingBomb
Still no explanation as to how XATA's balance sheet can be so gold plated and their market cap be so stupifyingly low?
Just askin'
Occam's Razor wins!
Short XATA, see ya la'ta.
JMO-
WhisperingBomb
$20 and $30? You should consider investing a little more. Xata trades several thousand dollars a day on average.
Doesn't look like anyone is pumping Xata, but I did hear a rumor that roger spencer hates the company because they wouldn't hire him to pump their stock. Apparently his track record isn't so good. ROFLMAO.
Why is XATA's market cap BELOW cash on hand?
Huh?
JMO-
WhisperingBomb
yeah, investing $20 and taking out $30 is definitely the way to great fame and riches!
don't you agree?
BTW, are George MacLeod and Neil Wallace also doing a pump and dump with XATA?
selling XATA short could make them millions!
are they naked shorting XATA down like they love to do?
ROTFLMAO!!!!!!!!
JMO-
WhisperingBomb
Good call. I was too busy buying at 80 cents and selling at $1.20 to worry about it.
Looks like I'll have another shot at a 50% gain.
I do LOVE these stinky pinkies. Too funny.
Looks like more streamlining as the company moves from hardwired legacy systems to it's smartphone and tablet-based apps.
Should be interesting.
"Item 2.06 Material Impairments.
On June 27, 2012, our management concluded that a charge of approximately $3.4 million for impairment to certain intangible assets was required under generally accepted accounting principles applicable to our company.
As we continue our development of mobile-based platforms, it was necessary to evaluate the assumptions associated with the valuation of intangible assets related to the customer contracts associated with one of our legacy solutions.
We do not expect that the impairment charge will result in future cash expenditures.
Item 8.01 Other Events.
In addition on June 27, 2012, our company reduced its workforce by 29 positions, primarily in those areas focused on its legacy solutions. We expect to recognize a restructuring charge of approximately $0.8 million during the quarter ended June 30, 2012 to better align our workforce with our mobile-based strategy. The Company estimates an annual costs savings of $2.8 million.
Xata anticipates recording additional charges relating to write-off of obsolete inventory and fixed assets of approximately $1.3 million to $1.6 million. We believe that these assets will not realize their recorded value as the product lines are transitioned to future mobile-based platforms.
We expect to recognize the restructuring charges, write-off of obsolete inventory and fixed assets and the impairment charge disclosed under Item 2.06 of this current report on Form 8-K in our financial results for the quarter ended June 30, 2012."
I guess someone doesn't care that they have millions in cash and profitability is right around the corner!!!!! ROFLMAO isn't good enough for that.
Well, I closed out my position. I'll take my profits and move on. Taking XATA off the monitor.
This was fun. I had a blast. Thanks to whoever started this board!!! Gimmie, Stockfly, River. Be well, almost everyone.
Did I see XATA at 0.7316???? ROFLMAO!!!! Down 35% in 10 days!!!!
WOW!
I guess the seller doesn't care that profitability is right around the corner. ROFLMAO!
LOL, with millions in cash? I think profitability is right around the corner.
Wow, Laying off the staff..... NOT GOOD.
Must be their last ditch effort to keep the lights on.
I think Bankruptsy is right around the corner.
I suspect with the price so low, they were asked to leave.
Should be an interesting opportunity for someone with a stronger sales background. Xata seems to be one of the (many) companies that is too focused on the engineering side of things and not enough on the sales side.
Maybe these shakeups will change that.
Go Xata.
To quote Scooby Doo, "Rut Roo"! XATA's CFO resigned yesterday after 1 year with XATA.
http://www.bizjournals.com/twincities/news/2012/06/21/christian-leaves-xata-cfo-job.html?ana=yfcpc
This comes after XATA's COO resigned in January after 1 year.
http://www.bizjournals.com/twincities/news/2012/01/13/xata-coo-david-gagne-resigns.html?ana=yfcpc
So both the new CFO, and the new COO, both resigned after one year with XATA, after their predecessors had also resigned. Wonder if they all know something that us folk don't??? Hhhhhmmmmmm ! I'm just sayin'.
Reloaded and ready !
We've got the volatility, now if we can only get some volume.
Wee haaa.
LOL!!!!!!!!! Here we go again!!! Pennyland for XATA!!! So much for any retrace. LOL. Whenever XATA goes up, it must come down! Hope noone got stuck holding for a FLIP!
Bad enough we have bagholders waiting to convert!!!
Look out to anyone looking to reload!!!!!
I sure do! 50% profit in 2 weeks and a 10% retrace.
Hoping to reload and flip again before those 2Q numbers come out.
GO XATA !
"Hole" lot of RED around here the past two days!!! Dontcha love it!!!!!
Interesting that the word "flying" is highlighted in red, universally known as an indicator of stocks trading DOWN. Kinda like XATA has traded the past 3 months, 6 months, 1 year, 2 year, 5 year...
Interesting!!!!
Pinkieland, here comes XATA!!!! Again.
XATA is just flying today!
Maybe news leaked about a solid and profitable 2nd quarter.
GO XATA!
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