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Grand opening for new training facility in Meridian, ID this weekend with a Virtra 100LE. "Forward Movement Training Center Grand Opening"
http://www.forwardmovementtraining.com/forms/FMT%20Grand%20Opening%20Flyer.pdf
http://www.forwardmovementtraining.com/index.php
New Virtra footage available for their "Multi Incident Scenarios... One scenario, multiple training objectives". Depicted scenario is based on the Movie Theater incident from last year. Available for your viewing pleasure at virtra.com and YouTube at below link. GLTA!
Today in the News: "Gold Miner Breakout, Hecla Can Still Double"
http://247wallst.com/commodities-metals/2014/02/15/gold-miner-breakout-hecla-can-still-double/
It was a great week, but looking for a little pullback next week. GLTA!
Its not HL news. Silver spot jumped over $21 in the overnight market.
Some of us know; just not getting it the easy way
tyburt,
I share similar feelings with you; would love to know where we stand with LHM and Beretta. IMO, the LHM relationship is going after large contracts like EST II and I don't expect we will hear a peep unless it's the big news. With respect to Beretta, we know the partnership is strong with the recent Virtra/Beretta lash-ups at the shows, but we have no idea where that relationship is going. I can be patient if Virtra keeps delivering on the fundamentals. GLTY!
"I just wish they could be a little more transparent and a bit more informative as in the past."
With regards to the past (2+ years ago) it's my opinion that a lot of the info sharing from Virtra was speculation and hype. Today the info they share is fact based. I much prefer what we are getting today, versus what they delivered in the past.
Yes, OTCQX and OTCQX Premier listings require audited financials.
OTCQX U.S. Requirements & Fees:
- Shall not be a Shell Company or Blank-Check Company;
- A minimum bid price of $0.10 (for preceding 90 trading days);
- Meet one of the following exemptions, consistent with the definition of a “Penny Stock” under Rule 3a51-1 under the Securities Exchange Act of 1934:
a. Have a bid price of $5 or more; or
b. Have net tangible assets of $2,000,000, if the issuer has been in continuous operation for at least three years, or $5,000,000, if the issuer has been in continuous operation for less than three years; or
c. Have average revenue of at least $6,000,000 for the last three years.
- Appointment of a Designated Advisor for Disclosure (DAD);
- The company may not be subject to any bankruptcy or reorganization proceedings;
- The company must be duly organized, validly existing and in good standing under the laws of each jurisdiction in which the company is organized;
- At least 50 beneficial shareholders, each owning at least 100 shares of the Company's common stock;
- Ongoing quarterly and audited annual financial reports posted on OTCQX.com, a premier website for qualifying companies (SEC Registered issuers can use EDGAR); and
- Inclusion in the Standard & Poor's Corporation Records or Mergent Manuals (fka Moody's Manuals), which satisfies the Blue Sky requirements for secondary transactions in many states, together with a list of any other states in which the security is Blue Sky compliant and eligible to be sold by brokers in those states;
- DAD Letter of Introduction upon application process completion and quarterly and annually thereafter to OTC Markets Group Inc. confirming that the issuer has made adequate current information publicly available and meets the tier inclusion requirements.
OTCQX U.S. Premier Requirements:
- Designed to identify issuers that are of the size and quality to list on a National Stock Exchange. Additional requirements include:
- A minimum bid price of $1(for preceding 90 business days);
- At least 100 beneficial shareholders, each owning at least 100 shares of the company's common stock;
- The company meets the financial qualifications for continued listing on the NASDAQ Capital Market;
- Conduct Annual shareholders' meetings; and
- The company meets all of the requirements of the OTCQX U.S. Tier above.
Application Fee: $5,000
Annual Fee: $15,000
Link: http://www.otcqx.com/qx/otcqx/requirements
Another purchase added to USASpending.gov. Just shy of a million $ for FY13. Considerably better than I was expecting with the struggling DoD budget.
Agree on the big volume, not so sure we need big news as long as we get the volume.
12.70 to 12.75 is a key level. IMI, if it gets through that range with strength, then it runs to 14+ IMO. All assumes the market doesn't tank. GLTY!
12.50 is good, but 12.70 would be much better. Lot of resistance at that price and a good place to put a new floor in. IMO, a solid break through 12.70 and we are on our way to the 13s quickly. GLTY!
I see a possible pump coming out of one of the penny pushers, not Virtra or Miller. I've been fairly consistent on my theory that Virtra and Miller will remain relatively quiet until the fundamentals support .10+. We are getting closer to that fundamental milestone and believe it could be achieved in Q4 or Q1. Based on what we know today, I value the stock between .07 and .08 with a PE of 10. Additionally, Miller can't buy the stock until somewhere in the .07s based on their agreement with Virtra. So it's not in Miller's interest to pump until after they buy. I don't believe Virtra will entertain a buyout unless it's pushing a dollar. The fundamentals as we know them today won't support anything close to that price, but an EST II win (I'm not banking on it) would be a game changer. But, I also wouldn't expect a Virtra sole contract for EST II. This is probably where we would see the LM and Virtra arrangement emerge. Bottom line, I just want to see them continue doing what they have done over the last year and half; anything else is gravy. GLTY!
Golden Cross (50 over 200) in the next couple of days. Won't be surprised if we get a pump next week and increased trader interest. If so, lets hope it's enough to get us in to the 7s. GLTA!
Tom,
Great post. Completely agree with your technical assessment on support and resistance levels as well as near-term risks of lower prices. I've got dry powder I'm looking to put to work, assuming we re-test the June/July lows. I've already started buying AG and AUY since they have already retested their summer lows, but holding off on EXK and SLW to see if there is some more downside coming. I'm still holding some EXK at a DCA around 4 and would love to add around 3. GLTY!
The listing requirements and fees to uplist to OTCQX and OTCQX Premier are listed at the link below. Application fee is $5K and annual fee is $15K. Virtra meets the requirements other than sustained share price above .10 for 90 days; and 90 days above $1 for premier.
http://www.otcqx.com/qx/otcqx/requirements
Technically, a break above .065 should propel the stock to the .09-.10 range if interest stays active. IMHO.
IMO, with the fundamentals already booked, the stock should be trading just under .08 with a modest PE of 10. If Q4 comes in with just average revs and eps, the stock should price around .10 with a PE of 10. Any indications of continued strong rev/eps growth in Q4 and the stock will likely shoot past .10 and take out the 3 year high around .12 with a higher PE. A PE of 20 (not unusual for a decent growth story and good margins) puts the stock at .20 plus. First milestone IMO is a sustained (90 days+) price above .10 which supports OTC uplist, and then they need to evaluate how to get the stock above $1 for 90 days which supports another uplist to premier status. Maybe we will get another crack at a RS vote at the next shareholder meeting. The difference this time, it will be nothing close to 1 for 100. GLTA!
Back in the black for 1st time in over a year. GLTA!
Welcome aboard. Hopefully your timing proves to be better than the majority of us. Most on this board have been waiting a long time for this company to turn the corner. If they can follow through in Q4 with another 3M in revs and another 200-300K+ in earnings, you should fare well, relatively quickly. GLTY!
PR costs $$ and that would impact the good margins that are just now emerging. I personally want to see them continue to execute with the current margins and grow the revs. I would also, rather see them continue to spend the scarce $$ available on the industry shows and the regional demonstrations; IMO that is money well invested. If they can get to the point where they are consistently netting 300-400K+ a quarter, then the PR $$ will pay off. In the mean time, I wouldn't be surprised to see one of the pump and dump firms try and make something out of Q3. But that is a short lived pop in the SP. IMO, if Virtra can finish the year with close to $1.5M in earnings, the share price will follow. There is plenty of money on the side lines just waiting to see if it is the real deal, or just a flash in the pan.
eschrine,
Virtra continues to execute and margins are improving. IMO the stock should be .077ish+ based on 2013 results to date. I am still looking for a penny a share in earnings for 2013 and at least 10% rev growth. That should equate to a share price of .10. Once the share price can sustain .10+ for 90 days they can uplist on the OTC. Then a 1 for 10 reverse split lets them trade at a dollar+ and uplist again to the premium level. With continued rev/eps growth I would look for the stock to take off at that point. I also anticipate the company will remain relatively quiet until share price is at .10+.
Virtra gets more air time with Salt Lake County News. A lot of "free" PR the past week. The kind we like!
http://www.ksl.com/?sid=27547934&nid=148&title=new-firearm-simulator-may-help-save-lives-police-say&fm=home_page&s_cid=queue-2
Salt Lake County DA funded the purchase with assets seized during law enforcement operations.
http://www.deseretnews.com/article/865590130/District-attorney-invests-in-new-equipment-to-train-police-in-use-of-deadly-force.html
Virtra and Artemis getting some air time out of Fox news in LA.
http://www.myfoxla.com/story/23906484/oc-virtual-gun-range-trains-police-military-nowyou
Virtra and Beretta Defense Technology getting a little PR out of their efforts in Bangkok at the D&S 2012:
http://www.miltechmag.com/2013/11/defense-and-security-2013-beretta-and.html
USASpending.gov update: As anticipated there hasn't been any late FY purchases by the DoD, but Department of Homeland Security, U.S. Customs and Border Protection signed a contract for $236K on 26 Sep that popped in to the database this week.
Well said eschrine. Pretty much sums up my thoughts. I also understand Falkner's frustration and agree with his assumption that the company doesn't have the capital to buy stock. Hell, the CEO is backing the line of credit. Since the audits, I've been satisfied with the manner and amount of communications. They are keeping the costs down and growing the revs/customer base. The eps will follow and so will the share price. If I was running the company I wouldn't be buying shares either, if it puts the company growth at risk. I've been putting my money where my mouth is and increasing my position for months in the low 4s, now trying to do the same in the high 3s. It hasn't been easy. I've managed to accumulate about 300K shares in the last 6 months at .042 dca, but I've been looking for 3-4x that amount. A lot a pessimism out there, but no one seems to want to let go of any decent quantity of shares. Looking forward to the next earnings report. Hopefully it is a good one. GLTA!
A few other observations regarding shows in the 4th Qtr:
- Virtra will be executing two shows simultaneously (Asian Defense and Security Expo and COPSWEST). I believe that is a first from my memory
- Virtra has great floor space at COPSWEST and their competitors (Cubic, Meggitt and Advanced Interactive) aren’t there
- The Beretta partnership has been quiet for a long while, but it appears to be getting active again
- Cubic and Meggitt are at IACP but their booths are tiny in comparison to the Beretta/Virtra booth. IACP Booths: Cubic (2630), Meggitt (828) Beretta/Virtra (3341)
- Cubic and Meggitt are both at the I/ITSEC and Cubic has the largest booth, but the Virtra booth size should accommodate a V-300 set up. I/ITSEC Booths: Cubic (2448), Meggitt (1040), Virtra (871)
- Virtra competition is not attending the Asian Defense and Security Expo
You said: "So we agree if someone needed to dump a block in a hurry they might have to go .04 or lower - so now our opinions are aligned.
And any rational person could make the implication that you believe the stock is overpriced above .04"
My response: Nope and nope. I offered .04; your 400K block would not go below .04. I might even be willing to bump it up a bit.
Definitely do not believe the stock is over priced at .04. I actually see it as a bargain at .04, therefore my offer. IMO, current pps should be about .05 based on what we know, but with the limited transparency, it may be worth considerably more, but not much less unless it is all lies. Which we know is not the case since most of the limited info that has been provided has been substantiated by sources other than Virtra. GLTY!
I will give you .04 and I will take all 400K. Happy to coordinate mutual AON orders for 400K at .04 but need to hold off until late in the week. I put all my available cash into some gold and silver equities earlier today, but planning to close a position or two by Friday or sooner. Let me know.
"So Sad - No buyers at the bargain price of .0429"
No sellers either, unless your content with $1200 order. Trust me I know. If you want decent quantity you are going to pay well above .043, and there isn't any real meaningful quantity available until you go to .05. I've been trying to accumulate in the low .04s for months and it hasn't been easy. And don't be fooled by what the MM is painting. The vast majority of today's 324K order went through at .045.
Sounds to me like you have allowed yourself to get emotional with your VTSI investment. This is a penny stock on the pinks with a market cap a little over $6.5M. My recommendation is to not make it more than what it is (a high risk gamble); and don't sell the company and management short. Considering what they are, IMO, they have made some remarkable progress since Nov 11. A summary of what Virtra has released publically since Nov 11 follows. If you view the summary without emotion and consider where they started in Nov 11, I think any rational person would conclude that it looks like they are on the right track and they are doing it on the cheap, which is what this shareholder wants to see them do.
Dec 11: America’s Most Wanted appearance; Agora Telecom sale of V-100; Virtra retains accounting firm to conduct audit; Virtra on cover of Military Technology.
Jan 12: Hired Marketing Director (not sure he is still there).
Feb 12: Hires a new VP Hardware Development (still with them).
Mar 12: Virtra and their Controller part ways (raises questions in to audit status); Announces annual shareholder meeting (08 May12).
Apr 12: Hires Director for DoD Sales (still with them); Reschedules shareholder meeting for 08Jun12; Announces two domestic multi-screen sales and two foreign sales (Indonesia and Nepal).
May 12: New website and corporate logo; new collaboration with Lockheed Martin; hired new Director of Finance and Corporate Controller (still with them); Sale of a V-300 to Hudson County Office of Emergency Management, who in turn hosted a demonstration for multiple New Jersey departments.
Jun 12: Virtra receives product order from Lockheed Martin; Virtra and Moultrie Police Department partner regional demonstration of V-300 LE.
Jul 12: Reports Q1 profit of $246K; Virtra partners with Lake County Sheriff’s Office for V-300 demonstration; 2011 audited financials released.
Aug 12: Reports 2012 Q2 with improved net margins.
Sep 12: Announces record August sales of $1.25M, and addition of Canadian distributor (Tundra).
Nov 12: Announces 2012 Q3 results (weak revenue of $1.42M and net loss of $630K)
Jan 13: Announces record December and Q4 sales; Virtra partners with Prince George’s County Sheriff’s Office for V-300 regional demo.
Feb 13: Artemis Defense Institute sale announced; Kansas City Grand Jury experience Virta simulator and use of force decision; City of Spokane to acquire Virtra simulation system as part of Use of Force Commission implementation plan.
Mar 13: Virtra partners with Milwaukee Police Department for demo of V-300 and V-Range; Release audited 2012 financials with record revenue and a profitable year.
Apr 13: Virtra wins a $2M international contract; Virtra and Tundra to be part of the new “100 Series Rules” training program in support of Maritime use of Force.
May 13: Virtra participates in Police One roundtable on LE training; Virtra gains National attention on ABC News with Dianne Sawyer; Report 2013 Q1 results ($2.49M in revs and $530K net income); Virtra and Artemis partner for regional demo of V-300 and V-Range.
Jun 13: Virtra partners with Fairfield and Vallejo Police Department for regional demo of V-300.
Jul 13: Virtra simulator called out as key component in preparing against stress in firearms on a Beretta USA Blog; Joint Base Police Officers train on Virtra at Dahlgren; Vallejo Police Department purchases V-300LE.
Aug 13: Reports 2013 Q2 results and record $5.33M in purchase orders ($1.57M in revenue and a net loss of $130K); Virtra simulation and training featured on LA public TV news broadcast; Virtra partners with Boston PD for regional demo of V-300.
Sep 13: Virtra shares booth with Beretta USA at 2013 IACP Expo.
Looks like it could test 52 week low again, around .037. IMO, the stock needs to get several million shares dumped to get healthy. No sence in expending PR $$ until that plays out; or the news is really big.
"Must be a master plan to keep stock down"
.04s = a lot of frustration and anxiousness to sell. IMO, there will be a huge turnover of shares between .05 and .07 = new money and new patience.
Atlantic City V-180LE purchase at $126K
http://www.cityofatlanticcity.org/docs/20130923095141-4.pdf
Filled the gap, which I consider a good thing. Hopefully it can take back off from here. GLTA!
I'm letting the technicals lead me. The Gap from early Aug on most of the miners is getting filled. That is my buy signal.GLTA!
"But we all know those are small beans to the big fish of military installments"
2013 is a very rough year for US and European miltary contracts. Little to no dicretionary money. Next year should be better assumming we get a budget. Prudent of Virtra to give the LE industry increased focus, particularly tihs year. I'm not optimistic we will see the end of FY US military contracts pop up in USA Spending like we did last year. Hope I'm wrong.
IMO 10% growth is already in the bag for 2013 and I'm hoping for quite a bit more than that. If they can repeat even half the Q2 bookings in Q3 and Q4, that will yield closer to 45% rev growth. In my prior post I was looking at a PE of 20 vice 10. Again, my optimistic opinion looks for a higher PE as the companies growth gets noticed.