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I agree with everything you say. But is it reasonable to expect the Novartis payment to lift the price to $7, or $9, or $12 or $41? Obviously, if Novartis had backed out, no chart would have prevented the stock from tanking. But how can you tell with a stock like this when it is overvalued? I do think that charts can be helpful in determining when these news driven stocks are overbought or oversold. The charts are a way of "measuring" a possible endpoint for news-generated momentum, albeit a very approximate one. I don't think that fundamentals are much help in deciding what this stock is currently "worth."
I am very long this stock. I was surprised by the impact that the public offering had on the share price. I wish I had sold at $9 and bought back in at $5. But I have just held through the roller coaster ride.
Do you think that there is any chance that Novartis will just buy the company?
Increased position by 50% today. Hope that selling is about over.
Bob re VTSI:
Saw this link on VTSI board:
https://www.shephardmedia.com/news/training-simulation/itec-2017-success-virtra-v-300/
CNAT:
Novartis exercises option:
http://ih.advfn.com/p.php?pid=nmona&article=74496626&symbol=CNAT
CNAT:
And this blurb from Berkrot at Reuters this morning:
http://www.reuters.com/article/health-liver-nash-idUSL1N1HJ1AK
CNAT:
Still holding 70% of shares. Sold 30% at $7.65.
Roth Capital has increased price target from $4 to $12:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130702786
And, encouraging data reported last week:
http://ih.advfn.com/p.php?pid=nmona&article=74387481
If CNAT crosses $10, does it become eligible for biotech fund buying?
It was nice to see. The segment may be repeated a few times in future days as he is heavily promoting his new book.
SMDM:
I don't remember any mention of a "planned reduction." I bought at $.44 and was able to sell some this morning at the open at $.585. I was very disappointed in the quarter. I am hoping to sell the rest of what I have at $.55 or so. May be wishful thinking.
SMDM #16 on OTCQX Best 50.
SMDM:
Small insider buy:
http://ih.advfn.com/p.php?pid=nmona&article=73692963&symbol=SMDM
SMDM:
Looks like Q4 -- historically SMDM's strongest -- was strong again this year.
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20170117:nMKWsGqKga
On CNBC Art Cashin talked yesterday about year end portfolio adjustments by funds and the resulting (modest) rotation back into bonds that some would be required to undergo. I don't know much about funds that have these kinds of allocation concerns, but he was pretty much convinced that if we did not see Dow 20,000 yesterday, we would have to wait for 2017. I have found him to be a pretty sharp guy over the years.
VTSI:
Has not participated in the "Trump rally." Something of a surprise, I think.
Do we know how much of this inflow is from a rotation out of bonds?
I can't imagine why anyone would believe anything reported by the oil cartel. The "agreement" means nothing. What is that old definition of insanity?
Well, I couldn't have been more wrong. But it is great to finally make money on this stock.
A half a million shares is hardly big money. And there are only 4 chances per year to unload shares. If the past is any indication, there will be almost no volume for the next 4-5 months. My guess is that the price will drift back toward .004. The balance sheet is getting better, but the market cap has been absurd for the past 2 years. There has still not been a sensible explanation of why 24,000,000 shares were retired 6 months or so ago.
But I am still long the stock, and would love to be wrong about all this.
It could be because this is the third straight quarter in which Sales and Income from Operations are down year over year, and in what has historically been the company's strongest quarter, the company could only muster $133,000 in net income.
OT:
Enough politics please!!!! In what universe does anyone care what posters to this board think about politics??? It is possible to ignore posters, but not subject matters. We are all stuck reading this crap.
Bob re KWEB:
Bought some when you brought it to this board. It will be interesting to see if it outperforms the Shanghai composite.
Bob re KWEB:
Bought some when you brought it to this board. It will be interesting to see if it outperforms the Shanghai composite.
VTSI:
FWIW, I sold half today at prices from $.27 to $.30, but I think that I will hold the remainder. In these times, it seems to me that it is a good business to be in.
SSKILLZ1 re LIVE:
Any news re LIVE? Up 12% today on 10x average volume.
Thanks.
VTSI:
Follow on contracts announced. Max combined potential value $12.2 million over next 5 years.
"VirTra Receives $12.2 Million in Follow-On IDIQ Awards from U.S. Customs and Border Protection
8:30 AM ET, 09/26/2016 - GlobeNewswire
TEMPE, Ariz., Sept. 26, 2016 (GLOBE NEWSWIRE) -- <WSODTagging BridgeSymbol="US;VTSI" WSODIssue="283064">VirTra Systems</WSODTagging>, Inc. (OTC Pink:VTSI), a leading provider of use of force simulators and firearms training simulators, today announced that it has received two indefinite delivery/indefinite quantity (IDIQ) contracts from U.S. Customs and Border Protection, an agency within the U.S. Department of Homeland Security. Under the first $3.2 million IDIQ award VirTra will be the sole provider of ongoing service and maintenance on law enforcement training simulators installed by the company under a previous contract, and under the second $9 million IDIQ award VirTra will fulfill the purchase of additional V-300™ systems and accessories, for a maximum combined value of $12.2 million over the next five years.
"Under its previously announced contract with the U.S. Department of Homeland Security, VirTra delivered and installed its V-300 multiple screen systems at 28 separate U.S. Customs and Border Protection field locations, all of which are currently in operation. The new award, if exercised, will extend service and maintenance of those systems and accommodates additional systems to be installed at existing and future field locations over the next five years.
"VirTra General Manager Jason Mulcahy commented, 'These sizeable follow-on single source awards demonstrate the value provided to the customer through VirTra’s unique firearms training and decision-making simulation products. We are proud to serve the U.S. Customs and Border Protection and other agencies within the Department of Homeland Security and look forward to continuing to exceed customer expectations as we expand this program.'"
I doubt that there are many "serious investors" attracted to a company with a market cap of $350,000 or so. If you invest a very modest amount, you wind up owning 5% of the Company.
The share reduction to 1 billion did not bring a stampede of investors, and I doubt that a further reduction would make much difference. Earnings of $250,000 - $500,000 in Q3, on the other hand -- now that might help push us above $.01 and perhaps even higher.
I have about 3.3 million shares. I guess that makes me a 5% owner or damn close.
OT:
Perhaps not, but one could argue that Trump has been extremely effective in raising money for the Democrats this year. LOL.
Then what is Viper's message about?
It is pure speculation on my part but I can't shake the idea that the Company is going to be sold or merge.
Then what is Viper's message about?
It is pure speculation on my part but I can't shake the idea that the Company is going to be sold or merge.
What makes you think that they are going to complete the audit? Just because they say so?
$4 per share????
I have 3.4 million shares. I have accumulated enough.
I hope you are right. I think that the last 2 quarters have been disappointing year over year. But the Company's revenues are seasonal, so maybe there will be good news this quarters.
Why do you think the 10Q is going to be good?
Are you a recent purchaser of this stock, or have you been a shareholder for the past several years, as many here have. No one says "the sky is falling," but there has definitely been "crap" put out by the Company over the past months and years.
Thanks much. Was not aware of that history.
BWMG:
I was stunned on Wednesday. No news that I could find.
I am also completely mystified by the recent retirement of 28 million or so shares:
http://ih.advfn.com/p.php?pid=nmona&article=71159543
A helluva buy back program. Do you have any idea what that was about? I emailed the Company for a further explanation, but received no response. It is complete speculation on my part, but I keep wondering if there is some kind of acquisition in the offing. I am not a diver, but have to wonder if the Company's technology would do better in stronger hands.
BWMG:
After averaging less than 50,000 shares per day for months if not years, on Wednesday this sub-penny stock traded almost 7.8 million shares. The total outstanding shares are approximately 58 million, so this is an extremely large amount. Now, the price per share is about $.005 per share, which obviously means that the entire market cap of the Company is less than $300,000 -- the price of a decent condo where the Company is located in Florida.
This Company may be much too small for many posters on this board to care about, but I speculate something very interesting may be about to happen, and that on Wednesday someone in the know wanted to secure a decent sized position.
"Brownie’s Marine Group is the world’s leading innovator, designer and manufacturer of surface supplied air diving systems – often referred to as Hookah diving systems though we name ours the Brownie’s Third Lung. We are also the worlds leading innovator, designer and manufacturer of fully marinized compressor systems as well as the maker of the phenomenal NitroxMaker – the only nitrox making system approved by Bauer Compressors to be used with their compressors."
http://www.browniesmarinegroup.com/about/
The Company's revenues and earnings are seasonal, but in the past year, it has shown a (very) modest profit. My guess is that the Company's proprietary technology alone might be worth several times more than its current market cap.
I'm afraid that it is, unless and until an audit confirms it. When I first got into this stock years ago, I believed the numbers the Company put out. Now, I am skeptical.
Look, I am long this stock. If the numbers are accurate or even close to it, the Company has a solid core business and is undervalued. But everyone on this board keeps asking why the stock price is so low, and it is because of all the nonsense the Company has put out over the years.
I used to believe that Hamre sincerely believed all of this stuff. But now I even have doubts about that. Again, I sincerely hope that I will soon have to eat a large plate of crow. But as a wise man once said, "The first time the dog bites you, it is the dog's fault." And I have some teeth marks on this one.
researcher59 re LCI:
Bought some of this after reading your post, and doing a little due diligence.
Thanks for this one.