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Huge Buying Opportunity
Was able to get 4K at the open at $19.62 and flip it at $19.86 and still keep a core position of 5K.
This is the buying and trading opportunity of the year with very low risk.
The over sold move from $24 to $19 was key. Now with WSJ articles the mainstream will now discover what we have known for quite some time.
Time for the divy announce Chambers
Hoping to buy back on a pullback - come to papa
GLTA
Bylo
Today's WSJ Agree nice writeup in today
Go CSCO - let's get to $20
GLTA
Bylo
You said: "Looks like they're gonna dip her down"
I term it more like "bend her over"
Never seem to get the low. The sell at $19.90 was a very good one. Should have waited to buy back a "little" lower ....
Grrr
Could not wait - got back in at $19.80
Could someone please give me some patience.
Still a nice hit - it might go lower but I do not want to miss the run over $20.
I think CSCO is waiting for the Tax bill to be passed and they will announce their dividend intentions.
Plus Chambers has softened his quarter announce comments to much more positive.
GLTA
Bylo
Out again - just sold my 10K position at $19.90. Thank you Cisco.
Please pullback again !!!!
I want back in
Excellent trade - just grabbed another 4K at 19.58.
The wash rule is almost over and people who lost that still believe can buy back.
I looked at historical prices:
Close on 11/10 $24.49
Open on 11/11 $20.46
Amazing
Left $$$ on table yesterday - sold out all at $19.63. Was kicking myself.
Was able to get back in today - 10K at $19.59.
Game plan sell half on a pop and keep 5K core position.
Chambers now backtracking on his quarter comments. Public sector just fine.
Classic overreation IMO
BTW Cramer is an idiot - he was a bag holder at $24 - cannot hold stocks into earnings - never know if a big pop or big drop - not worth the risk
GLTA
Bylo
I have been at this game a long time. Sell a little at the open at the gap up - then sell into strength.
Most of the time there IS a pullback - then do it again. If not it is always a good thing to make a profit.
I no longer play small caps because if I want to to get out of 10 to 15,000 shares there is plenty of liquidity in CSCO, PFE, GE, INTC, ORCL, etc and you can very quickly. I love CSCO as this point because it is so beaten down. It will be back to low $20's soon IMO. Define soon - damn if I know
Rookies chase the stock that is running.
Appreciate your comments
GL
Bylo
I do agree Chambers sure is full of himself. I am not sure how he became John Galbraith.
He should just shut the F up and run the company. That's a big enough job.
Sold at 19.63 - looking to get in again on the pullback
Wow - I love CSCO
GLTA
Bylo
Futures up - the future looks very promising. Economy recovering -though slowly.
CSCO show me $20 then up from there. I looked at Oversold in the dictionary and CSCO was there.
US Unemployment Job claims Fall
http://www.cnbc.com/id/40584558
Patience Wins !!!
GLTA
Bylo
Reloaded yesterday at the close - could not resist under $19.40. CSCO may stay at these levels until 1/1 BUT start of Jan - "January effect" adding to portfolios and mutual funds after year end.
Any news out of yesterday/todays conference?
I also believe CSCO will announce dividend news once the tax law is passed. They said they wanted to know the tax implications prior to announce
GLTA
Bylo
You said: "Watch for an attempt to fill today's gap, good buying opp if it happens."
I agree with you sold another 3K at $19.54 still have a core position of 5K.
Up $5K for the day - Amazing
I will add more on the pullback. Buy and trade - Buy and Hold does not work IMO
I love CSCO
GLTA
Got the upgrade quicker than I thought - sold 1/2 or 8000 at $19.38 (nice hit) kept the other half 8000 for when it gets over $20
GLTA
Bylo
$19.50 today and $20+ by the end of week post Cloud Computing conference IMO
GLTA
Oppenheimer upgrade just one of many to come in the next few weeks. This stock is very cheap. $24 to $19 down 20% in less than a month. Nuts!
We will bounce to $20 very quickly IMO
GLTA
Right now own 16,000 CSCO - with a portion on margin bought last Friday at an average price of $19.13. I think we have hit the bottom.
CSCO has a 2 day conference 12/7 and 12/8.
The plan is to sell 6000 on a pop and keep 10,000 as a core position.
CSCO is best of breed and way oversold IMO. I agree with some of the posts this stock has been manipulated to bring it down further and when the bell rings for them to go the other way it will pop back to $20 and keep going from there.
I also think CSCO will announce their dividend plans when the congress finally passes tax the law that dividend tax rates will NOT go up
Do we see a GS or other major investment houses upgrade this week? I think so
Thoughts - opinions?
GLTA
Bylo
Bylo Cellhi right all along !!!
Pink sheets - sad so sad
SF
You still in denial and won't admit I was right even when this POS is at $.01???
You jump up and down when it goes up 50% to $.015.
You are just a little off kilter or maybe just not with it
SF
I painted over that baby and the few $$$'s lost long long ago.
You're still living the dream I see - I mean nightmare.
LMAO at you
Bylocellhi right !!!
"Admit it I was right all along...
The stock certificates are now wallpaper."
Have been saying for years since this stock was $.50 and float was 20M shares it was going to pennies.
Check my history!!
SF
Oh yeah it is screaming - it is .012 - my god.
So are you now making $$$ with this pink sheet stock?
Of course I was right after all - it is still wallpaper.
So you buying?
SF - you are the best!!!
You said: "we might be seeing a strong fall season price-wise"
Under a penny. Admit it I was right all along...
The stock certificates are now wallpaper.
Jerry Long
My condolences for the passing of Jerry Long and Virta Systems.
Godspeed to all
Lostapile
Still no regrets? When a company no longer has the where with all to stay reporting on the OTCBB and "ops" for the totally unregulated pink sheets then things are pretty bleak.
I commend your "patience" but all but a few have folded their tents and sold this immensely bad "investment"
Even the most hardy and optimistic "lurk" and are not heard from resigned to their fate especially in this very tough environment with GM under $10 for the first in what 50+ years...
The country IMO opinion should have had it's current version of a "Manhattan Project" for gas alternatives and continued to raise the MPG requirements for car companies which they relaxed years ago. We have ourselves to blame for this mess.
Ceres
I was wrong??? Business is not about friendship.
Bidness is about Bidness end of story - all the alleged friends on this site are long gone and licking their wounds....
Price Update $0.0027 x $0.003
Good time to jump in market maker manipulation - oversold condition!!!!
Felix
You're the best so going to the pink sheets to save money is a good thing. There is no - not one good reason to go to the pink sheets
The pink sheets are only for the unregulated crap companies.
You said: "I've seen blue chip stocks rise on cost-saving news, but what happens on the OTCBB is anyone's guess." and your point is??? The company's stock price is sub penny and you put in the same sentence as a blue chip?
What happen's? - is it will stay sub penny? and then be gone
Cyber
Give it a break. VTSI is sub penny! It is ova man!
The Final Nail!!!!!
Note 4. Convertible Debentures
In August 2005 the Company issued $500,000 in convertible debentures to Dutchess Private Equities Fund I, LLC. The debentures bear interest at 8% per year payable in cash or registered common stock at the Company’s option. The debentures mature in August 2008 and are convertible, at the option of the holder, to shares of the company’s common stock at a conversion price per share equal to the lower of (i) 80% of the lowest closing bid price for the common stock for the fifteen days prior to the conversion date; or (ii) 125% of the volume weighted average price on the closing date.
In addition the Company issued to the holders of the convertible debentures warrants to purchase 500,000 shares of the Company’s common stock.
In 2006, we were penalized $601,239 by Dutchess for failure to file a registration statement registering their shares. We disagree with Dutchess on the amount of the penalty, but in 2006 we recorded the full amount of the penalties which are included in amounts due Dutchess as of December 31, 2007.
As of November 30, 2007, we stopped servicing this debt with new issuances of common stock, pending a reconciliation with Dutchess over amounts still owed on the arrangement.
On February 19, 2008, we received notice from the American Arbitration Association that a preliminary meeting would be held March 10, 2008 to determine rights and obligations of the parties. Management elected not to attend the hearing.
On March 15, 2008 our corporate counsel advised us that the total amount of liability to Dutchess is estimated at $1,421,264 and that it is likely the arbitrator will rule in favor of Dutchess. Further, subsequent to the ruling, Dutchess will have the right to use the court system to pursue legal collection procedures. We have included the total amount of this liability calculated by counsel and we continue to accrue interest on this debenture balance and have included $4,675 in interest expense for the three months ended March 31, 2008.
Derivative Liability
Based on the guidance in SFAS 133 and EITF 00-19, the Company concluded that these convertible debentures were required to be accounted for as derivatives. SFAS 133 and EITF 00-19 require the Company to bifurcate and separately account for the conversion features of the convertible debentures and warrants issued as embedded derivatives.
Pursuant to SFAS 133, the Company bifurcated the conversion feature from the debentures because the conversion price is not fixed and the debentures are not convertible into a fixed number of shares. Accordingly, the embedded derivative must be bifurcated and accounted for separately.
Furthermore, the Company concluded that the exercise price and the number of shares to be issued under the warrants are not fixed. Therefore, exercise of these warrants and these debentures might result in issuing an indeterminate number of shares, and it cannot be concluded that the Company has a sufficient number of authorized shares to settle these warrants. As such, the warrants were accounted for as derivative instrument liabilities. The Company is required to record the fair value of the conversion features and the warrants on its balance sheet at fair value with changes in the values of these derivatives reflected in the statement of operations as "Gain (loss) on embedded derivative liability."
At March 31, 2008, the Company has valued this derivative liability at $380,616 and has recognized a loss resulting from the change in value of this derivative liability of $42,481.
Kiss me goodbye and I'll try not to cry......
The Dutchess Deal
They kill almost all the BB companies they "finance" - rape and pilage would be a better words IMO
SF
No reply calling me a liar on the price? Last trade was $.008 - sub penny.
Oh and when was the last time a military man did not - refused to locate - they move every 12 months of their lives - NC, TX, CA, Germany, Iraq, FL etc etc etc
So you buying more at this sale price?
The company has no $ and their only asset stock is getting worthless as well
My prediction is Chapter 7 in 2008 - time will tell
SF
I think you need real time quotes. I see the following:
Bid $.008 Ask $.01 Volume 418,340 Last Trade $.01
So let me get this straight - you think the stock price and company are doing well?
Your take on Dalby stepping down - leaving?
No spin dude reality
Sub Penny
Bid $0.008 by $0.01
It is over folks!!!
"In spite of 2007's best ever performance by the Company, cash flow remains precarious
In spite of 2007's best ever performance by the Company, cash flow remains precarious and intermittent, as the responsibilities of the U.S. military continue to drain needed capital for large training initiatives. However, this is a normal occurrence during times of war, and I do expect relief in the future as our foreign activities wane.
Our products are simply the best of class, and have certainly changed the market. That is a verifiable fact within the market.
As important as timing is for sales, it is also important regarding management, and is why I have decided to step down as CEO and director of the Company. Not because I have given up, quite the contrary, it is because I feel I have added as much as I could, cleaning up as many of the Company's ills as possible: we resolved the lawsuit with the former CEO, built product and shipped it out the door, finishing 2007 with the largest training revenues to-date, we effectively negotiated an unprecedented balloon-style payment with the IRS ensuring the company's viability during repayment, and have at least temporarily stopped the predatory debenture after repaying many times its value in common stock.
Now, all that is left is to maintain an aggressive sales and marketing initiative to continue the growth of the Company.
I don't not retire without a few regrets, I certainly wanted to accomplish more during my tenure; but, I remain proud of our accomplishments and successes as well.
VirTra Systems has won a few strategic "battles" over the past two years; but, the "war" continues. It is for these reasons I feel that turning over command to a new management team is the best move for the Company's growth from this day forward. Although I will miss the challenges, I steadfastly believe it is the right thing to do for the Company."
I guess this wasn't proofread - "I don't not retire"?
SF How to they survive this?
As of December 31, 2007, we are illiquid. We have $554,448 in current assets and $4,608,645 in current liabilities for a net working capital deficit of $4,054,197.
and their major asset is stock which is worth a penny.
Things are in great - keep playing that fiddle...
SF
Baseless spin? The price has gone from $.40 to $.01. Baseless - I think not.
Oh and the Going concern note - you make it seem like all companies have that in their SEC filings.
SF - The Nero of investors hub. I am making $$$ on my investments - how you doin? You buying more at these on sale prices? As I am sure there are plenty of shares to be had...
SF
You are dillusional - all the crew have left except you - 8 out of 10 posts are yours - it's almost like you talk to yourself.
How much lower can it go? It's now at fractions of $.01.
Dalby
"General Dalby earned salary of $150,000, but the Company only paid $123,580 of this amount. The accrued difference is in Accrued Liabilities"
If I was the General I sure wouldn't take deferred salary because the stock is bascially worthless. Pretty sad when you do do not pay the guy.
Things continue to get worse - the end is near folks.
Spin this
As of December 31, 2007, we are illiquid. We have $554,448 in current assets and $4,608,645 in current liabilities for a net working capital deficit of $4,054,197.
We have several liabilities that we have not had the resources to service. These liabilities include our large assessment from the Internal Revenue Service for unpaid payroll taxes from Ferris Productions and our existing obligations under product financing arrangements from Ferris Productions. Moreover, in March, 2008, our operating accounts were seized by the Internal Revenue Service for these back taxes. However, we were able to successfully negotiate payment terms with the IRS. See Note 13 to our financial statements for information regarding this liability.
The opinion of our independent auditor for the year ended December 31, 2007 expressed substantial doubt as to our ability to continue as a going concern. We will still need substantial additional capital in order to build new systems and reduce our debt load. During 2007, we have financed most of our operations through cash flows from operations. As a result, we have been unable to service most of our debt.