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Sir
With all due respect if you own 250,000+ shares and have $75K at a cost of $.30 and $100K @ a cost $.40 invested in this very small financially challenged company I feel for you and I think Headnorth may have you beat on the # of shares...
The Qtr filing should be here soon for analysis. Actually he has it right with the amount of $$$ to risk and flip shares to make $300 or so on this unregulated exchange.
Good luck and take care
Bylo
JP Turner
Aka Dutchess's seller???
This was my experience on a previous OTBBB stock I owned that used Dutchess
Bull
We'll all know 8/15 or so when the next SEC filing with results as of 6/30 are announced
OTCBB
Sure gives one a warm and fuzzy feeling investing in the OTCBB... totally unregulated and the MM's ignore the rules.
Have a good day!
Market Up 123 Pts
If you believe then it is a buying opportunity. If it is a buy at $.40 a few weeks ago then it must be one now at $.34????
Or are the 6/30 results less than anticipated and the try/buy one time purchases become just that - one time only?
The MM's drop it fast when the sellers need to get out. Just reality folks in a thinly traded stock like this
Good luck
Bill Seidman
Posted earlier this week: "Just listened to Bill Seidman comment on naked shorting on CNBC. His response to the question was that in the end, the markets are honest and he see's no reason for legislation regarding the subject"
Forget the conspiracy theory - if the company had a big contract in the works the market would know. The stock moves on supply and demand. The reason the stock is going down is because there is a seller plan and simple...
Fluff PR's don't move stocks material ones do.
Oh and Headnorth you can't will the stock higher with posts on this thread...
Take care
Greg
If you evaluate yr over yr I would dispute the stable assessment. Best training company in the world? I can name 5 of them and most have revenue over $1B/yr.
I know you look through life with rose colored glasses based on those 2 statements.
Wish you well and have a good day!
Bylo
Share Info - Stable or Increasing?
You said: "It isn't a big deal to me because VTSI's share structure has been stable for awhile so I will just wait for the filing to see the new numbers"
Stable? - I guess it's how you define stable - lol
Shares Outstanding
As of 12/01 32M
As of 12/02 35M 3M Increase 01 to 02
As of 12/03 42M 7M Increase 02 to 03
As of 5/04 51M 9M Increase 5 Mos
Looking forward to the 6/30 share numbers and company results which are expected approx 8/15
Take care
Bylo
Greg
I just spoke with the transfer agent and it is "Not THEIR POLICY" but vtsi company policy. My experience in the past is transfer agents have provided this info to shareholders.
You said: "I believe the company is working on a way to get us that information but I don't know where this task falls on their huge project list" - lol - I agree - all it would take is a VTSI mgmt member to call for the 6/30 #'s. As a matter of fact the lady I spoke to asked me if I was a member of VTSI mgmt and if confirmed I assume she would have given the info.
Take care
Bylo
Tim
It's public info - should be available through the transfer agent
Hound
Thank you for thoughts and prayers. I will say a few for you and your loved ones as well.
Godspeed and take care
Bylo
Tim
Ya think it is time for "the company website" to be brought up to date if their estimates change and need to revised downward?
Just a thought
Take care
Weo
When Mgmt estimates are not met on the larger stock exchange markets the stocks take hits. Mgmt should have a better crystal ball not a dart board - it shows mgmt credibility. THE MARKET does not like surprises and I do realize this is the OTCBB.
I have to believe there were investors who thought 2004 revenue would be $12M in 2002 when the first report was issued then in 12/03 thought 2004 revenue would be 6.5M. Oops only foolin... I think it is the shareholders responsibility to hold mgmt accountable for their forecasts based on what they think is reliable information.
Time will tell....
Take care
Tim
As an aside if you make your investment decisions based on reports 2yrs old - 8/26/02 - I feel for you. It stated 2004 would have revenue of $12M and Net Inc of $1.7M. I don't think so....
The report on the company website dated 12/03 needs revision as well it predicted revenue for 2004 of $6.5M and Net Inc of 1.5M - unrealistic as well unless some large contracts which revenue can be recognized on 2004 can be realized...
Good luck
Bylo
Tim - Old News
The outstanding as of 5/12/04 was 51M shares
Will wait for the SEC filing in Mid August
Headnorth/Greg
Any idea on the # of outstanding shares as of 6/30?
TIA
Bylo
Headnorth
That's certainly a good thing if it takes off but the OTC market of 2004 is not the same as the late 90's. The all eggs in one basket is a dangerous thing.
I wish you well and hope the company's financial condition gets better. Keep in mind if things do go bad it will be very difficult to sell a large position in this thinly traded stock as it falls.
Time to diversify to more conversative investments?
Fidelity - Contrafund - Equity Income, etc - something to be said for a portion of your $ in 10% avg yrly gains. Just a thought
Good luck
Bylo
Headnorth
You definitely qualify as a certified cheerleader complete with pom poms and uniform -lol. Another $3800 invested...hmmm.
Good luck
Bylo
Weo
Well said - I would be interested to know what the current outstanding shares are. The 6/30 #'s are the real test and to see if progress was made on the balance sheet and income statement.
Others have brought up other companies which have moved and when you look at them they have either just had a private placement to clean up their balance sheet or have a low float.
Bylo
Dutchess selling into the strength?
HeadNorth
Your last few posts sound like you NEED this stock to move NOW and your posts on 6/2 and 6/4 show you into this stock big time. I hope and pray you did not put too much into this BB stock that is so thinly traded.
From your post on 6/2 "To be honest, I put every available pennies buying it at .35 these few days, so I'm out of money to average down anymore" On 6/4 " I'm already in big"
A word of advice is to sell into the next moves or put small sell orders so the MM's do not move the price down too fast.
Best of luck
Bylo
Weeble
I said "lack of real sales" not "no real sales" - if you put quotes around words it means what someone actually said. A better way to say it would be very low sales volume and based on the company's previous forecasts they are well below expectations.
If that's all you disagree with my post then sounds like we are in agreement.
Oh by the way it sounds like Headnorth has too much invested here and probably others...
Take care
Yo Hound
Am I lying? Having more more $$$ in a company like this than disposable $ you can afford to lose is foolhardy.
Management will never give you, Greg, Weo, Wobbleman, Headnorth or anyone else a heads up if things go south...it's against the rules - Just ask Martha Stewart - lol
Have a great weekend
Headnorthw
You said a few days ago: "To be honest, I put every available pennies buying it at .35 these few days, so I'm out of money to average down anymore. I was originally planning to buy at .32 or .33, but it just didn't go down that far. If we don't see a PR tomorrow, we could see .32 or .33 again. I'm not worry, but I hope I can buy the bottom prices. Well, let's hope the company will continue to deliver"
And you replied: "I feel bad for those who decided to bail out these days Common sense and charting tells me our share price will break upward in a major way, perhaps this month or next, assuming we have quite some deals about to announce" to a recent post "I locked in the rest of my profits today. Sold my remaining shares"
My guess is the reason he sold was this is a very risky investment and profit is always a good thing. As we all know and even though many are in denial the high debt, negative net worth, losses, lack of real sales and continued dilution are major issues.
Having large eggs in any stock never mind a BB stock is not a good thing as you know. Just a word of caution...
Sure has been quiet with some real news.
Take care and good luck
Bingo - we got Bingo
I have been saying for quite some time when you have undercapitalized firms that end up going to the shylock Dutchess capital it is not good. It is a deal with the devil and you lose control of the compamy. All IMHO!
Thanks to all the men and woman who have and are serving are country to keep us free.
Bylo
KS
Sorry KS - it must be posted in the header for newbies when they do their DD. Just wanted to point it out as some may misinterpret the Journal as an unbiased opinion.
Take care
Greg
Obviously the cash outlay by the company was only $25K and 1M shares of dilution but the fee the OTC gets is $375,000 based on my assumptions.
Go Red Sox!
Take care
Greg
You would think the company would get more for their $25,000 and 1,000,000 shares. The lines you posted were the only mentions of VTSI in the 2 newsletters? Restricted shares normally have a one year restriction so they will become free trading 7/16/04.
I wonder if the company feels the $375,000 (assuming the 1,000,000 shares are sold at $.35 - $350,000 + the $25,000 cash) was well spent and the OTC Journal earned their money and if they will renew for another $25K and 1M shares?
From the OTC Home Page:
Virtra Systems, Inc.
Coverage Period: July 15, 2003 - July 15, 2004
Company Symbol: VTSI
Compensation: MarketByte LLC has been paid a fee of $25,000 in cash and one million newly issued restricted shares by Virtra Systems for coverage of the company.
Take care
Bylo
Weeble
I did not say the selling "spelled doom for company". I just pointed out the "difference" in the 2 companies. My guess is "the execs" at TASR sold a very small portion.
The Ferris's are not execs and are probably trying to get some $ back. Plus with such a large position the only way to sell and not have the price drop quickly is to be a continuous seller.
I work for a very large public company and the execs sell all the time - it's their right and part of their compensation. The difference with the Ferris's sales is I believe they are probably motivated because of the company's financial condition and the fact they are owed so much $.
Take care
Weeble
I don't think TASR is a good example. And some posters say financials and the # of shares outstanding do not matter? After some quick research:
TASR is a full NASDAQ stock and when "the execs" were selling at $2 it must have been a year ago based on the history of the stock price. As of 3/31/03 the outstanding shares were under 3M shares - 2.8M to be exact which is the reason the price went so high when sales took off - very low float. As of 3/31/04 the outstanding shares was still a low 28M.
Revenue for the yr ending 12/03 was $24M and for Q1 it was growing $13M. In addition they have a pristine balance sheet - no debt and positive net worth of $39M as of 3/31/04. Just a little different than VTSI.
In addition, David and Nancy Ferris are not executives - they are the parents of Bob Ferris I believe and they are or were owed a ton of $ from the company (From the company SEC filings) they "invested" and the company was/is having difficulty repaying. They IMO will be a selling trying to get some $ back versus left holding the bag should the company fail.
Take care
Another 20,000 sold for Ferris
Down to a share balance of 4,969,729 shares
http://www.edgar-online.com/bin/cobrand/finSys_main.asp?nad=&formfilename=0001258159-04-000004&a...
Greg
Sure gives one a warm feeling "investing" money on the OTCBB...
Take care
Scruff
That's what I call some stock to chew through...
Rusty
My only point on your statement "Appears they have a lot of deals to be announced though when the timing is right to do so" was the impression you gave was closed opportunities were being held in the queue for announce. PR's usually are reserved for contracts signed versus we went to a trade show and our booth saw alot of traffic and interest.
Where we are at THIS stage is far ahead of where this company originated and was in the amusement business.
They've switched businesses a few times - Brewery, Gaming/Arcade, Amusement Park, and now Homeland Security.
Time will tell on the debt if the holders are willing to settle - there were lawsuits in the last 6 mos where holders were impatient and saw no other avenue but the courts
Your description was deals in process or still in the sales pipeline. Still negotiating T's and C's is a long way to closure.
Take care
Bylo
Rusty
Growth company? Their revenues were double a few years ago but they had to sell off the $ losing amusement park business. Now this qtr revenue is down. Where's the growth?
Debt usually only gets negotiated if a company is on the verge of bankruptcy or financial peril...
You said: "Appears they have a lot of deals to be announced though when the timing is right to do so."
If the company had signed deals they must announce them or people on the inside would trade on that info. If the company had signed deals trust me they'd announce them. It is in their best interest to have the stock price higher so as they continue to put more stock on the market to finance working capital they have to sell less shares and avoid the continued dilution.
Take care
Bylo
WeebleWobble Just fell down
The expert has spoken - his example "George Bush is an alien" -wow of all the things to think of...
Is your real name John Kerry, Paul Bagala, or James Carvelle.
Weo
I post facts from the SEC filings and form an opinion from them. Here's one of your posts from 2 months ago:
"It is also my opinion that we will see significant news SOONER than later. Call this my "optimistic" view of the current situation. Either we have a technologically advanced system or we don't. I am betting we do and the timeline indicates to me that after two years of R&D, many tweaks and changes to enhance this product, we have arrived IMO.
Let me also add that the current day to day swings of this stock mean little to me. I have purchased many shares between .07 and 1.05. That's right 1.05. I sold some in the 1.20 range and bought back many more shares around the .40 cent range. I didn't buy this stock for a few penny rise and don't engage in the day to day banter of how risky this may or may not be. That determination is for each to determine and should not be influenced by any individual on this board. I bought this stock for a potential windfall. I speculated on this stock way back when and IMO, my chances of the windfall happening are far better now than at any time I have owned this stock.
This is opinion not fact when someone has a differing opinion admit it you get defensive and attack.
It's a mistake to get married to a penny stock. The company needs you and Kelly WILL ALWAYS be positive right up until the end (if they fail) as he has a bigger stake than you do.
Take care
Weo
Has Kelly ever pledged like a presidential candidate's "no new taxes pledge" that he will never consider a reverse split to obtain the major account listing? Anyone?
It was not "spin" - just an option for discussion for the shareholders to consider as an avenue to obtain the magic $4 to get to a real exchange.
Now you can go to your corner an suck your thumb like a little kid. I thought you were going golfing - lol
Take care
Bylo
Weo
Misinformation is a dangerous thing but it did not come from me
A little defensive to say the least in the last posts.
Curious on the latest business plan and expectations on profitability
Take care
Bylo
Hey Pal
Keep smokin what you're smokin...the financials (negative cash flow) sure do dicate the price of a stock along with the # of outstanding shares and the float.
A little negative? lol Let the rah rah's continue
We agree to disagree I guess that is not part of "a discussion" or exchange of ideas in your mind
Take care