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Can anyone confirm this statement?
The VirTra 300 LE is the only 5-screen, 300-degree simulator with seamless video available in the marketplace today.
Thanks,
Andy
So which of these items do you think is what they sold?
VS-TCO-MA
Includes marksmanship authoring software, ballistics, marksmanship library, one day of training (VirTra facility), and tech support. English. $ 5,400.00
VS-TCO-SA
Includes the scenario authoring software, one day of training (VirTra facility), and tech support. No hardware is provided. English. $ 4,900.00
VS-TCO-SAS
Includes: advanced scenario authoring software, HD video editing / capture software, HD camera capable of 720p (1280 x 720 resolution), digital camera, blue/green-screen, studio lights and stands, editing equipment, editing computer with LCD monitor. Includes one-day of training at VirTra facility and tech support. English. $ 29,995.00
https://www.gsaadvantage.gov/ref_text/GS02F0214P/0H0QCR.221TIN_GS02F0214P_GS-02F-0214P-9-17-2009-160714.PDF
There is also an interesting page that lays out contracts Virtra has gotten from the government 2003-2009: $2,009,036
http://www.governmentcontractswon.com/department/defense/virtra_systems_inc_799711929.asp?yr=09
Scroll down the page.
Andy
Stock was delisted on June 20, 2008, 90 days later.
Take a look at a chart for VTSI for June, 2008. Just prior to the registration for delisting the stock it was trading at .004 - .006. After the announcement it fell to as low as .0025 or so. THAT was the time to buy! Since then, while on the pinks, it got as high as 13.5 cents or thereabouts, since then falling to the present price. If you bought at the bottom you have a 2400% gain.
I don't think Bob has done too bad for the shareholders. In fact I think he did much better than everyone before him. Under his watch the price has been rising, not falling, if you look at the long term picture.
I'm also a long term shareholder. Got out at 6.5 cents on the way down, got back in at 4 cents on the way back up. I wish I had bought at the bottom, but don't we all wish for that?
They keep doing things right, no matter what anyone on this board thinks. They keep that up and the price WILL rise again.
Even on the pinks.
Andy
I respectfully disagree.
"They had a fully-reporting company, and one cannot objectively conclude that the move to the pinks was done with an eye on shareholder value"
I think they moved to the pinks especially because they wanted to preserve what little value they had left, to avoid bankruptcy. The cost of reporting and the like was too much for what little revenue they had.
History has shown them to have made the correct move. They are now solidly profitable, building up their balance sheet and the business, so its only a matter of time before they go back to the OTC.BB, then the OTC itself.
Andy
Authorized Federal Supply Schedule Price List
https://www.gsaadvantage.gov/ref_text/GS02F0214P/0H0QCR.221TIN_GS02F0214P_GS-02F-0214P-9-17-2009-160714.PDF
You can Google virtra and price list to find it in the future.
Andy
But maybe there are more orders to follow...
I would think that a company like Lookheed would have a long lead time between wanting something, ordering it, and taking delivery. We don't know what's coming up in the pipeline, this may just be the tip of the iceberg.
I work with senior management at Amazon and they are much the same. Getting changes made to their software often takes months or even years.
Andy
Maybe this info will help
Make of it what you want but I contacted Investor Relations by email and got the following replies:
"As far as the recent openings and hiring, it is purely as a result of VirTra's continued success. We are beginning to expand in an effort to increase productivity, manpower and ultimately opportunities for larger contract acquisitions. It is a growth spurt that has been a long time coming."
"I understand where you are coming from and as a stockholder, believe me - I hear you. That said, there is continued success and sales to support company growth. The team is out there hustling and as the team grows, so will all of our nest-eggs."
Draw your own conclusions, if any. But failing or nongrowth companies do not go on hiring sprees. You only hire in today's world if you have a LOT of confidence of increased sales.
Andy
I'm going to go out on a limb with this....
The only reason I can see for all this hiring is that Lockheed has told Virtra to start revving up production for sales through Lockheed. Only a long term contract with someone would justify all this hiring, and the only company we know about that owns the military market and is interested in Virtra is Lockheed.
Andy
Threat Dynamics - Did anyone ask about them? Entertainment is big when the economy falters, and TD is all about entertainment, even if its real goal is to educate. And all those would be private armies could certainly drop a bundle on VirTra training, but only if the units are available.
Andy
They went to the pinks to save money...
Reality is that the company was taken to the pinks for a reason
Said reason being the obvious. An OTC.BB listing requires SEC filing of everything you do. For a small company with limited resources and funds it can be a killer. Instead of using these funds to grow the company they get diverted into what amounts to fancier earnings reports and whatnot.
Eventually they will have to return to the BB, but hopefully by then in a much stronger financial position such that the listing requirements are not an undue burden on both time and resources.
Like SirFelix I've been a long term holder of this company. Bought at 31 cents, watched it rise to ~45 cents, didn't sell when I should have, rode it down to 6.5 cents when I sold, then got back in on the other side at 2 cents, then 4 cents. Rode that up to 13.5 cents, but didn't sell.
I think its only a matter of time before they get the big contract. In the meantime I suffer along with the rest of you when the price drops for inexplicable reasons. (I'm guessing that Duchess might be playing a part in this, the lower the price they convert at the more stock they get.)
Andy
Virtra is drifting. When a stock drifts the natural direction is down. Takes effort to increase the price. Volume is very light and there is no news to spark a rally. So we wait.
Andy
Conference call scheduled?
I seem to remember a notice posted on this board a couple of months ago about a conference call for Dec 7 or 9. Anybody know anything about that? Or am I losing my mind in excited anticipation of actually making money with VTSI?
Thanks,
Andy
Yeah, the soldiers are fighting animated people. I have to assume that they know that, so Virtra's system with real people has to be a better system, overall.
Add in the shock belts that cause pain if you screw-up, short of live action I cannot imagine a better experience.
Andy
Best guess is someone put in a market order to sell at the open and they did. Notice that the ask stayed at 10 cents, while the bid dropped to 6.3 cents. May have been some naked shorting, but that doesn't make much sense for a growth stock that just getting going. Note also that the current price is back to 10 cents. Bid .099, Ask .10
Andy
Looks like it will close lower today! Welcome to pink sheet stocks. More manipulation than investing, until they reach the point where there are so many investors that trading cannot control the price. Years from now.
Andy
Its stupid to buy back stock. Better to use the funds to expand the company. If the best they can do with their money is buy back stock then there cannot be much growth to invest in.
Andy
I sure hope not. Slow and steady is a heck of a lot more reliable than giant leaps forward, only to fall back, sometimes more than the leap.
Andy
Its a pokey little stock unless the day traders jump on it. Then its much easier to trade. (by definition)
When they start getting more serious attention from investors trading will be easier. But with no news not much is going on. Volume is low.
I suspect once they get above 20 cents with another good earnings report, as well as more sales, then they will get on more radar screens. The downside is when do they go back to filing SEC paperwork, which takes them away from running the company? They will have to do it eventually, but at what point?
Say what you want but SEC filing takes a lot of time and resouces. I've done it for a Reg D filing, and even though the lawyers did most of the work I still had to get involved. If I was doing that I was not doing something else.
Andy
Why should it? Virta is not required to say anything about operations, let alone earnings. The fact that they do gives them creditability very few pink sheet stocks have.
I got involved with VTSI a little over 5 years ago, during Kelly's reign. I've got every email they sent, plus quite a few others direct from Kelly. I paid an average of 37 cents for my shares, eventually selling out at 6.5 cents.
I kept my eye on the company, finally getting back in early this year, on April Fool's day. Bought, sold, then started buying in earnest in June. On paper I've made back everything I lost and then some.
I think this time the company is on the right track. As Kelly pointed out to us more than once: "Its VERY hard to break into this market with its very established players and not being a well-financed operation ourselves."
Perseverance is beginning to pay off. They make sales, and more important, they make money. Sales are growing, profits as well, and the world now knows that this is the company with the product they want.
Its only a matter of time before the 13 cent barrier is broken for good on the upside. I would venture to say before the end of this year. (I'm optimistic, but not as optimistic as some who tell us the stock is going to rocket up almost on a daily basis.) The price has been rising on average a little under a tenth of a cent per day, keep that up and we are at 13 in early December, which implies a higher price by the end of the year.
I'm holding on this time. I'm not a trader by nature, so like many buy and hold investors I get wiped out by emotion.
Not this time!
Andy
He is not trying to comply with "filing rules" since there aren't any. And as I posted previously, last year they reported 3rd quarter numbers on December 11, so the note in another message about earnings this year in December only backs up what they have done in the past.
I suspect 3rd quarter earnings are delayed because of the heavy schedule of shows in the fall. Less time to focus on getting the numbers together. Why not reduce the stress of an artifical deadline and announce in December.
Andy
Not for pink sheet issuers. They can do what they want. In fact, they are not required to report at all. We are just "lucky" that Bob Ferris feels the need to report. I'm thankful that he does.
http://www.pinksheets.com/pink/faq.jsp#3a
Are there any filing requirements with the Pink Sheets for the issuers?
Issuers are not required to register securities with the Securities and Exchange Commission (SEC), or be current in their reporting requirements to be quoted on the Pink Sheets. Nor are issuers required to file financial or other company information with the Pink Sheets.
Andy
I would agree. Last year they reported in December:
December 11, 2008
Virtra Expands into the Middle East - Record 3Q Profits Reported
app223 wrote:
12/7/09 looks like the date for earnings. Look at this link http://finance.aol.com/event/virtra-systems-inc/vtsi/nao/conference-calls
Tenth of a cent up per day and we see 40 cents this time next year. Doesn't take much to put most of us in the black, if we aren't there already.
Could go much higher if they can accelerate the sales revenue beyond what they have done so far, and budgets hold up.
Be real nice if Threat Dynamics would expand beyond the one location they have. With so many people being gun-happy you would think this is a great market to be in. Don't they all need to learn how to defend themselves?
Andy
Multiply growth by EPS and we get:
30.5 * $0.0075 = $0.2288 per share value.
I do not understand the concept of growth times earnings to get share price. In effect what you are saying is that VTSI should trade at a PE of 30.5, something which I think is a little bit over-optimistic.
The current PE is 12, based on your trailing earnings.
If you assume a 50% increase in earnings on a 30.5% sales increase then that comes to 1.5 * .0075, or .011 cents per share. A PE of 12 yields a price of 13.2 cents, about where it got up to in the last rally, mid-September.
Should earnings come in much higher then I think your 22 cents is more realistic. I'm an investor, so I think VTSI has nowhere to go but up, after I rode it down for so long 2-4 years ago.
Andy
So can someone explain how a 5000 share sale can drop the price by a penny? I see this a lot in VTSI. A very small series of trades drives the price way down, only to bounce right back up as if it never happened.
Or has some gap addicited trader forced the gap to close so the stock can get past the gap and resume the uptrend? The gap did get closed today.
Andy
I picked up a bunch of shares on the 15th this way. Put the buy in at .055, and watched it do then what it did today. I missed today's quickie. Bought yesterday at a higher price. Can only hope today's action forecasts the price like the last time. Sure. One can hope.
My analysis is this stock could go up another 1000% or more if they keep delivering on the sales front.
Anyone know how long it takes to build one of the IVR units? Multi-screen. Everything looks to be off the shelf, just assemble and deliver.
Andy
this sure looks like a company buying back their shares on the open market today...
What's fascinating about that is how often companies do that when their stock is setting new highs. If Virtra is doing that today then history will probably show that they bought near the bottom.
Andy
Bought in 2005, watched it set a new high at 46 cents, rode it down to 6.5 cents, sold out. Waited for positive confirmation, bought back in recently for an average of 4.4 cents. Up, up and away! Go Virtra!
Do a comparison chart for the last three months between KWK (Quicksilver) and PLTG. Not much difference, except KWK has a market cap of some 1.72 billion dollars to PLTG's 6 million. They both fell about 70% from three months ago.
Which company do you think will do better over the long run?
Andy
Does anyone know if they are producing gold in measurable quantity? All the PR pieces tell us is they are crushing and processing rock, but so far nobody from the company has been willing to publicly state that they are actually producing gold out of those "rich" veins.
Is BLRV actually producing gold?
I know they claim to be processing upwards of 250 TPD as of May 11, but does anyone know if they are actually processing gold ore or just producing road fill? They only produced about 1500 ounces of gold in the first quarter, not much for all the hype and hoopla.
Where are you getting a symmetrical triangle? BLRV trading is so erratic its almost impossible to do chart analysis on them. I've tried for the better part of a year to convince management to get the word out so a 200 share trade does not impact the price like it does, but to no avail.
Peter Kuhn is an engineer. Hes a good engineer, but engineers generally do not understand much about marketing and the like.
What its all about...
This is actually a slice of ore from the Lucky 7 vein at the French Gulch Mine. It measures 2.75" X 2" X 3/4", one side rough, one side cut by a saw. I scanned it in at 600 DPi to magnify the quite visible specks of gold:
http://tinyurl.com/y354lm
Sorry. Tried to post the image but failed. Maybe that's for Premium users only.
Best gold stock on the market!
Someone finally started a Bullion River Gold thread on IHub. I'm a small shareholder of the best new junior that is going into production as I write. I see a $20 stock in a few years.
BLRV sent me a sample of the ore, I will post it soon so everyone can see what they have.
Bullion River Gold Corp. Test Mining Shows Great Promise with the First Recovery of Gold at its French Gulch Mine
http://biz.yahoo.com/iw/060612/0134977.html
RENO, NEVADA--(CCNMatthews - June 12, 2006) - Bullion River Gold Corp. (OTCBB:BLRV) recovered its first gold as it started its mill and test mining operation on Friday, June 9, 2006. The mill-consisting of two ball mills with a capacity of about 220 tons per day, a new Falcon concentrator with a capacity of about 700 tons per day, and a gravity and flotation circuit-was successfully tested with ore from the Washington vein. All systems worked well: after a gradual start up, the mill ran for several hours to test its overall capacity. Gold was recovered from the gravity table in steady streams with several large pieces in between. For pictures of the first gold recovered at French Gulch mine go to http://www.bullionrivergold.com/Gold/index.html.
Peter M. Kuhn, President of Bullion River Gold, said: "We are very, very happy with the success of our start-up and the recovery of such spectacular pieces of gold. This high-grade recovery is encouraging support for our expectations of a high-grade operation. My thanks go out to our crews who have worked so hard to accomplish this smooth start up in the mill. I'm particularly proud of our safety record: our crews have worked 590 consecutive days without a lost-time injury. The mine is producing ore out of the Washington vein and drifts toward the Lucky Seven vein with the major decline. We will increase the efficiency of our mill and test the major Washington and Lucky Seven vein systems while we continue to explore additional veins from surface and underground."
About Bullion River Gold Corp.: Bullion River Gold Corp. is an American-based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Western United States. The company has seven properties, four of which are located in Nevada. Two of the Nevada properties are considered advanced projects and two are considered grassroots projects. The three remaining properties are in California. All three of these properties are past producers.
For more information, contact Jason Martinez, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578), email at: Jason@bullionriver.com or visit the Company's website at www.bullionriver.com or the U.S. Securities & Exchange Commission's website at www.sec.gov to review Bullion River's latest filings.
Just found out that they get ALL the revenue from developing the cowgas systems. In fact, the farmers pay them to do this. I did not see this mentioned anywhere in their reports or SEC filings.
Makes a big difference to their revenue base whether or not they get 100% of the revenue, plus some.
I quote:
"They get their waste processed which is a huge issue to dairy farmers. In fact we get paid by them."
Andy
Does anyone know if Virtra is ever going to make money for its shareholders?
Andy
I asked Kelly about this and he wasn't all that interested:
"We think there will be a market for the I-Ds in that market some day.
However, at the moment we have too many fish on the line in the training/simualtion market to get distracted. Once we get 'em in the boat, clean 'em, and fry 'em, perhaps we'll broaden our horizons a bit."
Seems to me like the entertainment market for the Immersa-Dome would dwarf the advertising market, as well as the IVR market.
Andy
Let's hope this is another one day reversal
Back on December 14 , a day after the debt notice was released, the stock soared to 46 cents a share, then reversed course to close down at 41 cents, a drop of a half-cent from the previous day, on high volume. My gut said sell, but I get emotional about stocks, so I held on, only to watch the stock fall, as called for by the one day reversal.
I bought more at 40 cents, still not listening to my gut.
I bought even more at 34 cents.
Had I listened to myself, (I'm not disciplined enough for this) I would have waited. Until yesterday, when we again see a one day reversal on high volume, this time to the upside.
Assuming VTSI plays out the same as before, we are headed up, with interruptions along the way. I see we've been as high as 35 cents today.
My problem is that I see a $20 stock within five years, so why get bent out of shape over short term movements? (Because I would own more shares if I had waited. Oh well.)
Andy
I asked Kelly if he could release the 10K earlier than last year, and I'm sure others asked him as well. He seems to be trying to do that. Looks like end of the month. He already has the preliminary information, so I guess that is why he said "profitable companies to do go bankrupt"
Andy
Because I notice that the price drops on very low volume, sometimes two cents or more on 500 shares, then someone comes in and buys 10K or more shares at that price or a penny higher. I'm just speculating here, I actually do not really know. But if the stock was worth 46 cents after the debt announcement, and nothing has changed for the worse since then.....???
Andy