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Research.
Did that at Yale and Emory universities in the 70's, doing biochemistry. Once you learn you never forget.
https://www.google.com/advanced_search?hl=en
dave busters in the first field, modern round in the second.
First result.
Read the third paragraph, about the COO
http://www.virtra.com/modern-rounds-new-executive-and-first-location-announced/
Near the end of the paragraph....
PPS finally closed on the high for the day!
Are the big sellers finally done?
There is a very REAL problem with LEVRS
How many officers in REAL life go around with a headset on their heads?
The power of Virtra's solutions is officers are unencumbered with artificial paraphernalia other than the Threat-file belt. They use real guns (modified) and interact with what look like REAL people, not CGI creations, or REAL people you only see with some contraption on your head.
Looks like Bob is doing what he said he would do...
If not on the schedule some people in this group would want him to do.
Andy
Thank you!
I write to Bob and Larry on a regular basis, hoping...
Its not that I'm happy with the status quo.
Its more about there is nothing anyone of us can do about it, so why spend endless time complaining?
Yes, that's it exactly.
And to make it worse the market was already owned by a collection of far larger companies with established track records. So when Virtra came up with its bright idea it has taken many years to convince the powers that be that they should dump the competition and go with Virtra. Obviously that has not happened yet. But they are getting there.
I bought in 2004, sold in 2007.
Took a bath. Then they got their s**t together so I bought back in 2009. First few years were rough, but I held on.
Looking back its obvious that until Bob took over they were just going south, price and company. Bob took over in 2008 and since then the price has gone up and the company has become solidly profitable.
From a business standpoint Bob has been very successful. Could he have done better with communication? Yes. But I'm not going to be able to knock success.
This chart says it all: (Image button didn't work, so...)
insert-text-here
Bill,
Its mutual. All I see in you is someone who has made a life of being angry over something he has no control over, while making money hand over fist over the long term.
I cannot imagine anything that would make you happy.
What a sad world you live in.
So let's think about this. VTSI was trading at 30 cents or less 3+ years ago. Currently trading at $1.86, or 500+% higher.
AMZN was trading at around $300 3+ years ago, now its at $968, or 200+% higher.
VTSI has outperformed AMZN, and you are complaining?
I'm hard pressed to find many stocks that have wonderful management/shareholder communication that have outperformed Virtra.
In fact, maybe management/shareholder communication is what is holding these other stocks back from better performance?
Have you ever looked at it that way?
Rough pattern for the last 4 years:
Up 300%, down 50%. So in this go round it should drop to ~1.65.
He doesn't say much, but its better than nothing...
The 2017 Nation Sheriffs' Association Annual Conference and Exhibition in Reno, NV was attended by VirTra Inc. and included the exhibition of our flagship simulator, the VirTra V-300. During the event, VirTra personnel engaged with dozens of potential customers through private and semi-private pre- scheduled demonstrations and meetings. VirTra simulation experiences, technical product demonstrations and value proposition were all presented to conference attendees and seemingly well received. We will be following up on all leads over the coming months.
So what's cheaper? Lawsuits or Virtra?
In response to someone who said governments could not afford Virtra, ask St. Anthony, MN which is cheaper. More and better training on Virtras's simulators or a $3 million settlement?
http://www.cnn.com/2017/06/26/us/philando-castile-family-settlement/index.html
Single screen with CGI has been the standard for more years than I can count, although there were also some single screen video content using real actors.
Along comes Virtra in 2004 with multiple screens using real actors ONLY. Why are real actors important? Simple. If the brain knows its watching CGI then it does not take it as seriously as it does if its watching real people.
So Virtra now has the best simulator on the market. But since it does not have $billions to spend on marketing it has to do it the hard way, overcoming the natural resistance to change that government is famous for. Once it can do that it will start generating much higher revenues and profit.
Its almost there. The $40 million, 5 year contract with the State Department is proof of that. As well as the Homeland Security contracts, and multiple individual police departments.
The hardest part is convincing government entities to dump their previous screens for Virtra's.
Its my opinion that profits are going to go up from here on out.
Bob knows about it, so I'm sure they are making a bid.
Looks like VTSI is heading down to my target..
Not sure why some people are expecting a fat return on MR before the first full year or longer. A very successful restaurant takes 2 years to pay back its initial investment; a typical one takes 4-5 years.
I think MR is doing just fine when you consider what they are doing has never been done before.
Virtra is already receiving royalties, and any equipment they sell to MR they get cost plus a little extra. Not losing money on it.
I sure wish they would do one over here. I'm not a gun owner but I'd like to visit just for the sheer excitement of seeing what all the fuss is about.
Bob's approach to the stock price is benign neglect
Has been throughout his tenure. So WHY would they suddenly hire not one pumper firm but two? Bob's attitude has always been that the stock price will reflect the fundamentals, build it and they will come, and so far he is batting 1000.
The day will come when Bob gets more involved in shareholder relations, then the stock price will soar. For that reason I'm holding onto my shares, might buy more when SS kicks in next month.
Virtra is 95% of my retirement funds
I suck at investing, probably because I'm running two small businesses at the same time, so its hard to focus elsewhere. So I put all my funds into Virtra.
Can't say I'm complaining. Even though it did nothing for the 5 years from 2009 to 2014, since then its been on a tear. (I owned it from 2004-2008, lost money)
Still have another four years to go before I have to start selling stock. I can wait it out. My target price is something north of $25.
This stuff everyday was always there, post split, but you had to look for it. Now someone on this board is doing that and reporting it, plus when the stock price moves up like it did over the last week the automated newsletters take note and start reporting.
Virtra has a LONG history of rising fast then drifting down very slowly. When the price is falling nobody is looking at it.
Hopefully we will get more of the Agora reports, from other research outlets. THAT's what is going to propel the stock higher than it otherwise would go.
I'll bet that Virtra will never pay for pumping.
Bill wrote:
The best way to promote this stock, although completely unethical, is to hire a Professional Pumping outfit to get the story out. It will be short-term, but it will get us volume quickly.
As we are slowly discovering, after the reverse split Virtra is showing up all over the place on various technical automated newsletters, as well as the occasional research report. Its only a matter of time before someone with real institutional clout writes up a favorable report.
What really needs to happen is for the company to deliver on its sales/earnings potential so as to get the price to go up on its own merits.
Price is up by 500% over the last three years, not many other companies perform as well. Now that the price trades over a dollar, and looks to stay that way, it will be easier to get the exposure we need.
To get that higher price we need new shareholders.
That's the main reason for the split, to get the stock on institutional radar screens. The Agora article proved that it works, now we need more. Going to take time. What would help are investor's roadshows, put on by management, but I'm not sure that's going to happen.
If anyone knows of boutique research houses that might be interested, tell them about Virtra. The more outside noise we get the better it will do.
Not sure we really have much to complain about.
When you really get down to it the stock was trading at 40 cents in June/July 2014. Today its $2.40, a six fold increase.
S&P 500 increased by 23% over the same time frame.
500% vs 23%.
Of course if you go back to earlier times then the numbers don't look so good. I bought in 2004 and sold at an almost total loss in 2007 or 2008. Got back in sometime in 2009, watched a very boring stock for the next 5 years as Bob rebuilt the company.
What I've come to realize is it takes a LONG time to break into the mindset of the people who buy the product, and change their views from old tech to new tech. I think now that Virtra has reached critical mass. Enough cops and military people have gone through the simulators as to convince the decision makers that Virtra is the best bang for the buck. But they are still a pretty small company, and it will take time to overcome that obstacle.
What will help is getting more exposure outside with more research articles such as we got from Agora. The conflict here is Bob. Bob is an engineer, and I know something about them, as my father was an engineer and my younger brother is one as well. They have a hard time understanding that the "fluff" is as important as the engineering. I remember my brother telling me one day that the sales/management office didn't do anything useful. He has since changed his tune, but it took some serious education to change that mindset.
Larry tells me he is working on Bob, but like my brother, it takes time to change.
Andy
We're getting traction!
Larry just wrote me this:
"I just got off the phone with a broker who bought some shares based on this newsletter recommendation. He was going to send me the article."
As pumpers go Agora at least is not paid..
Virtra is never going to pay for pumping, so this article did not come from them. Agora claims that their research is independent of the companies they report on...
https://agorafinancial.com/about/
I would venture to say this was the source of the buying. What's more interesting is both yesterday and today selling volume was much larger than buying, yet the price is not moving very much to the downside. Price is not budging much from the close. Volume might hit 50% of yesterday's.
173,300 shares
Running about that today or more if present volume keeps up. Just not sure how far the first true research report that is fairly well known will get us. Agora is everywhere with the small investor.
If you have email and invest you have gotten at least one email from Agora, if not millions.
Somebody has information about something.
Price doesn't just spike like that on that kind of volume unless something is going on. I've seen it spike down before by a huge amount, but going up is different.
Something happened.
Price jumped out of its trading band on Friday. Got me to wondering if something was going on. Certainly did not see today's spike coming on the highest volume since last August.
Other possibility is a big order in the works...
I asked Larry about the buyback on the 3rd....
You don't suppose?
There has been a technical glitch at FINRA that is preventing them from providing accurate pricing on approximately 270 securities that trade on the OTC. So we are not alone in the halting of trades.
Let's hear from two actual customers at MR
https://www.yelp.com/biz/modern-round-peoria?hrid=hl1BPwRH_O3fEYFZRA3tVg&rh_type=attribute&rh_ident=Ambience.trendy
My wife and I have gone several times and whenever we have out of town guests we always take them to Modern Round.
This is my second visit to Modern Round and I feel it deserves a good review.
More...
http://www.85085magazine.com/modern-round-norterras-matt-smyth-helps-develop-worlds-first-virtual-shooting-lounge/
Based on the popularity of the concept, the company plans to expand its reach and hopes to get 15 to 20 facilities open in the next five years across the country. “Right now we’re just in the phase of proving the concept and working out any issues that might arise so when we open up other locations it’s very flawless and seamless,” says Matt, who admits they’ve had some challenges bringing this new concept to market.
So how do you explain Topgolf's success?
I cannot imagine returning customers come for the food only, and golf is a lot more boring than shooting guns.
Article in Forbes says 23,000 customers...
https://www.forbes.com/sites/debraborchardt/2017/01/12/guns-food-alcohol-the-latest-theme-restaurant-modern-round-combines-all-three/#6106e5063499
Modern Round is a hit with the public!
Anyone expecting a new concept like MR to be profitable right from the start is on something. This concept is brand new, but from everything I can tell its a smash hit with the public. Rave reviews and returning customers. Right now they are in the discovery stage, planning more locations, but waiting to see what they can learn from the one they have.
Search modern round in Google, see the reviews.
Patience...
Four Years of Sales/Earnings
https://www.otcmarkets.com/stock/VTSI/financials
Had to work with Larry to get this done. Its what institutions need to see before they even think about putting money into it.
Andy
Only in your fractured universe will that happen.
So far your prediction of a drop to nothing after the first RS has not materialized.
1st quarter earnings will most likely boost the price beyond $4, although maybe not at once.
Larry says we have five years of audited data.