Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I added more at .20 after listening to CC. Not a huge holder (75k shares) but believe financial position is improving and we are very close to decent revenues.
VirTra Systems to Host Shareholder Conference Call
PR Newswire - June 28, 2005 13:16
ARLINGTON, Texas, June 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today announced that its chief executive officer, L. Kelly Jones, will on Thursday host a shareholder conference call to discuss matters of shareholder interest.
The call will begin promptly at 4:15 p.m. EDT (3:15 p.m. CDT; 1:15 p.m. PDT) on Thursday, June 30, 2005. To participate, dial 1-800-936-9754 from the United States and Canada, or 1-973-935-2048 for international callers, at least ten minutes before the call is to begin. The call will also be available via webcast upon registration at http://www.viavid.net/dce.aspx?sid=000026C6 .
"With our recent registration now effective, I am now free to communicate with our shareholders and the investment community regarding our recent accomplishments, as well as our plans and expectations regarding our future. Our agenda has been quite full, and I look forward to engaging shareholders in this meaningful dialogue," commented Mr. Jones.
A digital playback of the call will be available until July 2, 2005. The toll-free playback dial-in numbers are 1-877-519-4471 for the United States and Canada, or toll 1-973-341-3080 for international callers. Listeners should enter pass code "6225275" to access the call.
About VirTra Systems
Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Air Force, Army, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron Pizza, and the U.S. Army. For more information, visit the company's website at http://www.virtra.com .
This press release contains certain forward-looking statements. Forward- looking statements are generally preceded by the words such as "plans," "expects," "believes," "anticipates," or "intends." Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. Sanmina- SCI and VirTra Systems urge investors to review in detail the risks and uncertainties contained within their filings with the Securities and Exchange Commission.
Media Relations:
VirTra Systems, Inc.
Steve Haag, vice-president
of investor relations
Arlington, Texas
(817) 261-4269
shaag@virtra.com
SOURCE VirTra Systems, Inc.
Steve Haag, vice-president of investor relations of VirTra Systems, Inc.,
+1-817-261-4269, or shaag@virtra.com
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved
Cornell out of picture, KSI deal changes:
AmeriChip International Inc. Provides Update
PLYMOUTH, Mich., Jun 24, 2005 (PRIMEZONE via COMTEX) -- The Board of Directors of AmeriChip International Inc. (OTCBB:ACHI) announced that AmeriChip plans to enter into a license agreement with KSI Machine & Engineering, Inc. for the use of AmeriChip's Laser Assisted Chip Control technology. The Company's laser and robot delivered to the KSI facility is now operational. KSI and AmeriChip are also negotiating a joint venture relationship, from which AmeriChip will generate revenues from the application of its proprietary technology in a Tier One environment.
KSI (www.ksimachine.com) is a well-established Tier One Supplier Company based in Michigan. KSI is a leader in machining large industrial castings and molds for the automotive and aerospace industries utilizing state-of-the-art CNC machinery that has revolutionized die machining. The benefits of this advanced technology to customers include reduced machine time, unparalleled machining accuracy, and less time through try-out.
On June 20, 2005, the Company notified Cornell Capital that the Company will not be proceeding with the Standby Equity Distribution Agreement and would not be drawing down any common stock pursuant to the Standby Equity Distribution Agreement. The Board of Directors determined that this action was in the best interest of the shareholders and will prevent any further dilution to the current issued and outstanding shares.
Headquartered in Plymouth, Mich., AmeriChip International Inc. holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhipintl.com or, contact R. Windsor at 905-898-2646 or, send an e-mail to r.windsor@americhipintl.com.
SOURCE: AmeriChip International, Inc.
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
By Staff
(C) 2005 PRIMEZONE, All rights reserved."
I'll buy back shares when we're at .02 and below. I thought my best case scenario was it would be at .02 by Friday, it may be there today.
We'll probably have to wait for the SEC filings to see how it's done. I recall early in 2003 they had some debt cancelation and it boosted the PPS nicely, but there were less than 30 million O/S at the time, we have 180+ million now.
This whole "managing to the balance sheet" philosophy is good for the long run, it does nothing to OTCBB speculators. Especially when the balance sheet is mostly IMW these days. OTCBB investors want to see a real chance to make millions; getting financing, upgrading Chariot plant and promoting the hell out of it is what will do it, IMO.
nosebush: Do you honestly believe it would have gotten past .03 if I didn't sell? There were 10 MMs on the ask and the buying had started to slow already, you would have never seen past .03, IMO. Did you then see how few sells it took to take it down a half penny? I'd say less than 500k - 750k shares were sold during that last 1/2 hour when the price dropped. It took over 7,000,000 buys to get it up to .03, it took less than a million to drop it back where it started.
When Dan secure financing, I'll stop selling. Otherwise, Dan will continue selling into every rally while begging the shareholders to hold. I won't be a pawn in his game, I'm here to make money, and that's what I'm doing.
James: Why?
Have you not watched the trading patterms for this thing over the last two years? AACS goes nowhere until they receive financing, period.
SirFelix: Those guys weren't so smart if they got caught. Paul reminds me of the person that posts under the handle HPOBET on RB. He doesn't own any stock, but he's got almost 40,000 posts to his credit, all bashing various companies, claims he's "seeking the truth". LOL!! Paul definately has an agenda he won't reveal, I pay no attention to his posts. This forum is on Investors Hub yet he claims he doesn't invest. At least not from the LONG side, I'll bet. LOL!!
Paul may be related to these guys:
http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_014364&ssSourceNodeId=...
TA is just about worthless on thinly traded stocks, IMO. It's meant to gauge the market psychology of a crowd, not a few people trading an OTCBB stock.
There has bee some dilution due to Cornell, it hasn't been serious. The reason this thing has fallen back down to .03 is because they have not followed through on anything they PR'd in late December/early January that caused it to run. We were supposed to have the resolution of the APM deal in mid-January, it totally fell apart and is no longer going to happen. We were supposed to have KSI by the end of January, that deal is still not done. Ford trials were supposed to be done by mid January, there was another delay and they are still "ongoing". Instead of being in a position to be pulling in $3.5 million per quarter as expected, we've still got nothing. The float has to be up to between 60 - 70 million shares by now looking at the last 10k, and 10Q and SB-2A. We should have another 10Q out soon to see if it's any worse.
KSI closing has been on "any day now" status for a long time, hopefully it will close soon and we'll be headed to double digits. There are supposedly LACC contracts in negotiations right now according to IR, would be nice to get a LACC deal!!
James: To tell you the truth, that letter scares me. It sounds like Dan (the CEO) is a lot like many RB posters. He wants to blame shorters and profit-takers for this stock not being able to hold a PPS over .04. Meanwhile he fails to mention that over the same time period it's brushed .04 and retreated, he's diluted the shares from 29 million to ~200 million. Dilution is the reality, not over-hyped shorting and profit taking.
He's been holding this financing "card" for a while, the letter states AACS requires an appropriate share price to provide the catalyst needed to secure favorable funding in order to reach its potential and awaken th sleeping giant". Are we not to get the financing he's been telling us about if we stay at .02 - .04? Hmmm......
I was looking for the financing deal to send us back to test the .04 range again. Now it appears the release of the 10k coupled with Dan's talk of forgiven debt should be the next new announcemnt that might allow PPS to climb a little. I hold over two million shares and am seriously thinking of dumping a lot of them very soon. I traded for them over the last 18 months, cost basis is zero, I want to take my profit and run.
I live near IMW/Chariot and have visited the Chariot plant, it has not changed much since we owned it. Dan stated Chariot would "conservatively" make $1 million in annual revs in it's first year, the 10k coming out either tomorrow or next week will show half that, maybe less. They went to Daytrona Bike Week this year, the woman at Chariot said they did well at Daytona this year and do not plan on attending any other bike shows this year (they went to Myrtle Beach and one other place last year). That tells me Chariot is going nowhere again this year. They have no capacity to mass produce the trailers and need serious financing.
James: Did you get "the letter"?
Charlie, your chart shows a run from about .70 to 2.00 in a few days.
Talk about bad analogies, these take the cake. LOL!
If I'm a quarterback, can I learn to read how the safely reacts to play-action out of Cover II if I have my back to him? Can a golfer learn how to read the subtle undulations of a green by looking for approaching lightening?
Yes, police/military in the field should just ignore what's behind them, they never get killed from behind. NOT!!!!
I do not believe shareholders will ever get the date from Rhonda beforehand, we'll have to wait for the PR announcing the deal. Rhonda giving out the date is probably illegal, insider trading stuff. Besides, with the pattern of delays, if she gave a date and it was missed, that would not be good.
Seems my telephone conversation with her and that whole vehicle debate has Rhonda replying to me fairly quick right now, it used to take weeks to get a reply until I identified myself via the phone call. I got the sense she wanted me to post what she was e-mailing to stick it to HPOBOY. There is some serious animosity between those two, I think they probably know each other (or HPOBOY has been harassing her on the boards for years and she's extremely pissed off). Since I didn't post what she gave me, I'm guessing she gave the same info to SudsBoy because she knew he would post it (I've got him on ignore so I don't know what he's saying).
My trading methodology is my way of managing risk in OTCBB investments, you'll need to analyze for yourself and manage your risk whatever way makes you comfortable. For all I know, we can get an LACC contract days after KSI is announced and rocket up past .30, these things are highly speculative and news driven. I have lost a couple of huge gains trading like I have, I've also minimized my losses trading like I do. Risk Management, BELIEVE THE HYPE
dream: Here is what I do with these penny stocks. After doing my DD, I put in a few $K and watch. If it runs right away, I sell 50% when my position value has doubled, giving me "free" shares to let ride. If it dips, I wait for a support level and buy more. If it dips again, I do the same thing. I trust my DD and as long as nothing significant changes where I think the sock is done, I hang in there, averaging down along each support level. Once it runs again, I sell 50% and just keep the rest. You have to suck it up and not look back and worry about shares you sold, set your goal at obtaining free shares and STICK TO THE PLAN. Don't let your greed/emotions get to you, trade the plan!
I got into ACHI last year when it dipped below .20, averaged down, approximtely every .04. When it got below .03, I bought the hell out of it to get 1 million shares, picked up a few hundred thousand AT THE LOW of .0155. When it popped and my average share price was doubled, I sold 500,000 into the rally, so I made a few bucks and held 500k shares.
I did not expect it to drop below .06 - .08 on this fall, but unfortunately the APM debacle and KSI delays have hurt, along with the dilution that has taken place this year as a result of not having either company. I started buying more when it went below .10, bought more at .08, more at .06 and now have been buying at below .03 a couple times a week. I get very few shares below .03, volume is low and orders at the bid have a hard time filling. I again have over 1 million shares, I'm expecting KSI to shoot this thing well past double my recent accumulation, I'll sell half of that and hold ~800k - ~900k free of charge. I don't expect to be looking back after KSI closes (but you never know - LOL!). I will probably start selling small bits as we get over .25 - .30 in various increments to lock in a profit. Don't let the greed of making a big killing on this one stock cost you, take some profits along the way. Even with KSI in hand, it's still highly speculative as LACC is unproven in a production environment.
I've done a similar thing with AACS over the past 18 months and have 2,000,000 "free" shares. That stock is a dog again, I've actually been swing trading a few hundred thousand shares for some pocket money while holding my 2 mil. Hopefully they will get some financing and get going.
dream: As far as I know, deal is not closed yet. L-A site still says "sale pending". I asked Rhonda last Friday if she knew when it was closing and got the standard: I can tell you but then I'll have to kill you type answer. This could be the week, but I've been saying that for the last six weeks. LOL! With each passing week, we're one week closer, I guess.
I also asked Rhonda if any pending contracts were "on hold" because we haven't secured a facility. She said nothing is on hold, trials are being run at GSI as always and "things are in the works". Could be we get an LACC contract, laser the parts at GSI Lumonics, then run them over to Seco-Carboloy to machine them, sure looks like that's a possibility based on the last PR. I'd prefer we had KSI......
It doesn't appear they have the necessary equipment to run production if they signed an LACC contract right now. A recent PR stated they were getting price quotes on new/rebuilt turning centers to be used in conjunction with the laser/robot they recently purchased. Rhonda said these acqusitions were still in progress.
I don't think the Ford trials are dependent on KSI closing, these trials have been delayed for several months due to Ford getting new equipment in one of their facilities. The trials are due to resume sometime in May as the new Ford equipment is up and running to Ford's satisfaction. Getting a Ford *contract* would not happen until ACHI had a Tier 1 facility, KSI will fit that bill.
ACHI needs to deliver something, KSI closing will show the people on the sidelines ACHI is for real and executing their business plan. PPS should get back to double digits short term. LACC contracts and revenues from those contracts will determine how high the PPS goes.
Anyone see amended SB-2/A filed yesterday? Is the dilution not as bad as first thought?
Are your charts upside-down by any chance, James?
dream: Don't know the exact date but it should be soon. I spoke to Rhonda in IR and she told me about the equipment loan issue at KSI, it has been resolved, they're finalizing the last few details.
I was a little surprised about APM not affecting the PPS, but apparently the market had already written it off and had it's sights on KSI deal getting done and acquisition of the laser/robot. We've got the laser/robot, just need a place to put it. LOL! Apparently, APM was the one delaying the court proceedings, they lost a *major* customer in January because that customer feared APM was going under if ACHI didn't get control. That turned APM into a money *losing* operation this year, they were profitable at the end of last year. Marc thought it would take too long to turn them around so ACHI withdrew their offer.
Rhonda hinted we'd be very happy next month, there could be a contract (or two) ready to be signed once KSI deal is done. ;)
droy and ride are still around, just not posting much.
Hang in there........
APM saga comes to an end after a year and a half. Lots of time and money wasted on this effort. KSI looks like the ticket.
Now's a good time to average down, menamike.
As soon as they announce they have either KSI or APM, the PPS will start to move upward.