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There could be several reasons for this. First, you need to call your broker and ask what the official reason is stated as to why a broker has to handle the trade.
Usually, the answer I have gotten is that they had seen some trading "irregularities" and have decided to closely track the trades because they have enough evidience to be very suspicious that someone is actively manipulating the stock.
On the other hand, it could be due to some internal company negotiations where they are needing to keep closer track of the actual trading of retail shares on the open market.
Best thing is to get the official answer from the broker and then start asking about what that answer really means.
It would not do any good. The last time, he told us on a few occasions (even one was in an interview, I believe) that it would be on time up until a couple of days before the filing, and then he filed the form asking for more time. So, what good does it do to ask, if the answer does not hold true?
I'm not even sure that he is allowed to tell us it will be late until he files the official SEC form stating that he has asked for more time, because I guess that would be considered material information and has to be done in a format to reach the entire public for fair disclosure. Not sure, but seems reasonable.
I'm getting a sinking feeling that we have a 70% chance that they are going to file late again, and we see that dreaded "E" again.
Things just do not feel right with the silence. Even when Howard does put a PR out, he cannot find anything that has any meat in it so that he can instill some investor confidence. I know, some here say he has no interest in instilling investor confidence - IMO that is just crazy.
This is starting to make me believe those posters that say he just does not have anything good to put out. They may be right.
Then, to top it off, he will likely be late on the filing because he does not have the stuff together to get it out on time.
Just my gut feeling, it's wrong as often as it is right, LOL.
BC,
Why is your opinion "Options: Once the company gets to 300M shares or so the company MUST reverse say 10 to 1 to get the company down to 30M shares. The investors stake will be reduced and the company will need to begin again with a managable capital structure."
the only way this issue can be handled? Why MUST they reverse? There are other options, you know. People just let the company off the hook by not demanding that they entertain the other options used to get the share structure back down to more appropriate levels.
Let's take the most optimistic case scenario:
In a couple of years, with ZERO debt and the new 40MM shares being placed in PIPES with shares restricted for two to three years, we will be working with basically a free-trading float of about 90MM to 100MM shares over the next two years - ASSUMING the company keeps its word to NOT USE THE SHARES to dilute us. So all the revenues from sales can go to operations of the company and the profits will be left over as net income. This will not be eaten up by paying off all the cumbersome debts and other financial obligations from long ago. So, in optimistic anticipation that the sales can continue on a pace to get at least $10 to 15MM in sales over the next two years with a profit margin of about 40%, that would be a profit of about $4 to 6MM. Give it another year of continued growth, and we should be able to get up to about $12 to 16MM in net income, which, as I stated in my previous post, then
I think we need to demand repeatedly that, ONCE THE CASH FLOW HAS TURNED POSITIVE to over $4MM net income for 3 quarters, or (note, this is "or", not and) they have used over 200MM shares to "Grow" the company by means of M&A, etc., or to give incentives to employees for their years of hard work and loyalty, that management do a stock buy back of 10 to 20% of the Authorized shares (most likely taking it from the OS float) and retire those shares - remove them from the treasury. No more M&A or employee share issuances until they meet this debt to us shareholders. If we get this 400MM approved, they really owe us big time.
I know this is a bit of a dream, but the company does seem to be getting a few cylinders firing for the time being, and if they can get past all these burdensome financial obligations, I do not see why this cannot be a doable scenario. ASSUMING that this is an honorable BOD. Granted, it would be very uncharacteristic for a BOD to give back control by buying back shares after manipulating us so hard to take so much control away from shareholders by increasing the AS to such an exhorbitant level, but it CAN be done. The real question is; Is Virtra really supportive of their shareholders or do they merely view the shareholders as a financial faction to just use and abuse and sell them down the river on a continual basis like all the other OTCBB stocks? Are these people honorable?
All indications from the decision they made regarding the number of AS to ask for when we were in such a corner point to a major likelihood that they are NOT honorable, but they have left us no choice but to trust them and hope that they prove us wrong.
Zeta, post #6456
We do not want this board to be cussing and offensive rants. Nothing wrong with voicing your unhappiness with the company and/or PV, but we will do our best to keep it clean and unoffensive, thus I am re-wording your post and deleting it since it is a bit offensive. I want the gist of your thoughts to be seen so people can be exposed to your opinions and understand the responses to it.
Zeta posts that he/she has major trust concerns with PV and Lutz. The rest of the post is as follows: "Lutz told me that dilution was over and the preferred shares were already in the market MONTHS ago, but DILUTION continues at a (bleep bleep) pace that makes your head spin. IMO they are selling massive amounts of their shares while trying to keep the interest up in this shell game."
Oh, I really do not think I have much choice if I want any of my money back any time SOON. I'm not in favor, just realistic as to what the most productive choice is now that they have backed us into a corner. So yes, my vote is a very unhappy, reluctant, cautious and extremely concerned Yes vote.
The only other choice is an obvious NO. We gotta give em the shares, no choice, if we want any potential of getting any money from our investments. Take the HUGE risk and just hope the only potential we have pans out.
"Without a major creditor in position to force a liqidation there is not much likelihood that VTSI will go out of business. They will suffer, but they will have plenty of time to put together alternative plans. The alternatives may be worse, but they are more likely better in my opinion."
I think you are erroneous in your assessment of time and company strength here. Yes, they can likely find a way to survive for a while and struggle along a few more years and HOPEFULLY, get a few good breaks, and maybe actually become a viable company again down the road. But then again, maybe another hard blow or two comes their way and they just will not have enough fight power left to survive these blows with what is weakening their potential here with Dutchess and the IRS over the next two to three months.
A CRITICAL two to three months here regarding viability.
A CRITICAL two or three months that we shareholders just cannot squander away.
I sure wish the management had not decided it was worth taking the risk of us sqandering these months, but they decided they like the power to force us into a corner, wedged in betweeen a rock and a hard place; I guess to see how much we will let them pick our bones. But that is a done deal, and not very relevant at this point in time. Will hold relevance as we move forward AFTER THE VOTE, because they have already used up a large portion of our trust prematurely in the pregame moves.
However, Cee-It,
Isn't it pretty obvious with VTSI having to give Dutchess shares that had to be registered the last payment or two, that we are only a payment away from default? And then, the IRS does not seem that it will wait too much longer either. All IMO, but it seems like that writing is on the wall, and two more months will NOT be "plenty of time to put together alternative plans" that are immediately productive and can help our share price appreciate soon. We are in essence WITH "a major creditor [or two] in position to force a liqidation".
Two more months is not going to be enough time to keep such default from crippling and downright mangling an already injured company. A company that, although it is injured, it still possesses just enough strength here to stand up for the fight, and possibly overcome the vultures swooping down from the sky preparing to start picking at the bones.
THAT is the position we are in here. Why put us in an even weaker position from which to fight for survival?
Too risky, IMO. And the general is banking on that. Why, God only knows - I guess he likes having the power and holding the nutcracker. As a shareholder, I do not consider it to be a wise step in building shareholder trust and support. Starting off with a couple of notches against him that only HE and his current BOD can be blamed for.
Bad decision number one, regardless of which way the vote goes.
Not totally true. Yes, I do think they could keep bailing the water out with a plan B, until we get a plan C in action, but the costs will be so excessive that it will make it much harder for this company to become a decent investment for any of us within the next year or three. And the potential of out right failure is increased another fifty fold or so. I do not like increasing my risks that much in an already risky investment. I also like to make money on my inestment within a year or so rather than continue to watch them struggle. How much more time do you wish to add to your investment time frame for this to start turning into a profitable investment, dlewis? How much more at risk do you want to put it at with increased potential for total loss of your invested monies?
I would like to reduce my risk, (Albeit, 400MM increase in AS does increase the risk quite a bit also), and shorten the time frame it takes for my investment to make money rather than lose money (400MM AS does increase this time frame a bit also). Only way to lower the risk and reduce the time frame right now is to trust the managment, (managment that is demanding trust with a red hot fire poker held two inches from our eye rather than earning the trust first, which ironically is the first indication that we CANNOT trust them) and vote YES.
Good points, Sir Felix.
"I think it was a major blunder by management to ask for the whole 500 million shares because it appears a smaller request would have been approved easily."
I agree. And I think the general and others knew it was a risk, and they just decided to take the calculated risk and put us shareholders in the nutgrinder. I do not like it one bit.
As I said, I am voting yes, and I would ask all other shareholders to vote yes for the sake of us all. Also, please just VOTE, even if you sold after being a shareholder of record on the 10th of Oct..
As this moves forward, I think we all need to remind the management weekly that they OWE US shareholders something big after forcing our decision, I mean really inappropriately strongarming us, in a manner that should NOT have been chosen, on this issue when they could have easily asked for 300MM. I think we need to demand repeatedly that, ONCE THE CASH FLOW HAS TURNED POSITIVE to over $4MM net income for 3 quarters, or they have used over 200MM shares to "Grow" the company by means of M&A, etc., or to give incentives to employees for their years of hard work and loyalty, that management do a stock buy back of 10 to 20% of the Authorized shares and retire those shares - remove them from the treasury. No more M&A or employee share issuances until they meet this debt to us shareholders. If we get this 400MM approved, they really owe us big time. We should refuse to support any other move they make if they do not meet this agreement. OF course, likely they'll just pick up that ole nut grinder again and back us into another corner, but an honorable management would do everything they could to honor our request. They SAY they are honorable and we can trust them. They will need to prove it down the road, not just give us lip service.
I would like this to be the first and last words that managment hears from shareholders each and every time they have communications with us. They were so obnoxiously arrogant so as to put us in this corner, weighing us down with this EXCESSIVE raw meet burden to ward off their cancerous prey, they need to live daily with what we expect back from them to make this right.
I know that, we know that - this board has had some past discussion on that board. Some of us like to come here to post some thoughts that don't necessarily run with the continual overly positive posts on the other board. However, that board has come down to earth a touch as of late, and they are beginning to be a bit more realistic about the struggles this company has got to get over. Finally nice to see some realistic discussions rather than the incessant pumping that board perpetuated a few months ago.
No one trusts what the company is doing.
No one believes the news - Evidently the majority of the investors are always looking for the unknowns hidden in the deals that appear two months down the road that end up hurting the share price.
At least that is what goes through my mind every time I read one of their good press releases. I have seen them not carry through with their promises just way too many times to jump in on the shares until I see some evidence that share price will be protected long-term. I'm really concerned about all the dilution that occurred with the deals they made in the past and PV does not seem to even let that consideration come ito his mind. He just continually writes the downward pressure as "OTCBB market dynamics", which I believe would be minimized had the shorters not be given the conitinual vehicles of dilution to short against.
So everyone like me hesitates to buy, and others get frustrated and sell.
Numbers mean VERY LITTLE when you are that skeptical of the numbers and what else is being done in the background to eat away at the valuation of the equity.
Yes, thank you very much. I was confused because when I had read people using it, they were using it to set up day trades and I just could not figure out how it was helping that much. I try to avoid day trading as much as possible, but I do like to see what traders are seeing to anticipate a shake from a real sell- off. You have confirmend what I was thinking, and actually have educated me enough about it for me to know to not try it for the shorter swing trades, but keep it in my arsenal of indicators for a longer term, relaxed play - Kind of what I had thought CHDT would be when I first got in several months ago, LOL.
Thank you for the time you took to explain this.
CHDT - different indicators - from Simplegreen, an excellent chartist
Hello Simple. Thanks for that GREAT chart and your continued explanations.
One question: I have seen some discussions about the TRIX indicator, but I do not really know what it is. Would you mind providing more of an explanation about what the TRIX indicator is best used for, what it measures, and the best periods to use for it for short swing trades of a day to three days, and then for longer swing trades of several weeks?
PLRS
For anyone who may be lurking and reading this board who had owned shares on Oct. 10, but has since sold those shares, it is important for you to know that you can still vote those shares. Existing shareholders still need you to vote your shares that you owned on the 10th. It would be better to vote, whether it be a yes vote or a no vote, rather than allowing those shares to just indiscriminately turn into no votes.
Please be certain to vote your shares one way or the other, or give another shareholder or managment the proxy rights to vote your shares.
"Large orders???"
To buy or to sell?????
Looks to be getting very, very close, IF it is gonna move up. I think the next white candle will be the time to buy, but have to take a look at the Aroons and the Williams %R before I would say for sure. The stochs are sure indicating that this is a possible buy set-up coming shortly.
If I had the extra capital, I would probably buy a few shares here attempting to load a bit on the bottom. I don't think it is gonna go down too much further. I'm calling .28 the bottom with only an intermittent drop below that if it were to be able to drop below that.
I like it. I think it works for everyone, and I do see how this could also be in Kelly's best interest in addition to Virtra's. Win - win, assuming we can all support the company and get this share price moving upward.
Good points. No, actually I did not realize that until someone pointed it out to me this am. I have not been able to get on the IN due to an ISP provider problem, but after using my down time for some thought regarding this and considering these things a bit more, I will vote yes.
It is interesting that as I was driving around a bit ago, I actually was thinking the same things regarding how to pay Kelly off. I did not have the bitter history impacting my thoughts, but I came to the same resolution. I, as a shareholder, would be OK with giving Kelly and partner 2MM more shares, restricted, to pay off this debt. Then Kelly could let the company do its thing and flourish, and he will have the debt paid off once this stock price gets to .25 in a year or few. I think that is a fair deal, especially now, after reading BC's posts about how other debtors in the past took a much reduced payment amount, and agreed to take it in shares. I like this idea a lot, and I think we need to give the General his shares and let him get all this old business and any other old business hanging over our heads out of the way once and for all and get going on the new, more productive stuff.
Sir Felix,
Of course we "are still holding on to that day". That is the one BIG indication of how likely this BOD is to just stab us in the back with our extra 400MM shares. If they have the ability (or should I say, personalities) to go behind the CEO's back and negotiate a deal to sell the company without regard to the many people who have held strong for the company and had promises made to them, then this is the strongest indication to us that when they see some move that is advantageous to them, but still not quite so for us shareholders, or even destructive to our investment value here, well they obviously will stick it to us also, with the full 400MM shares.
Of course I will keep thinking of this action, IN AS MUCH DETAIL AS I AM ABLE TO FIGURE OUT, to show me what the integrity and character of these people are.
Now, I was convinced a few days ago, that these were people of a character and integrity that I could trust, and was ready to vote yes, finally. However, If they will not even spend some time communicating with the ex-CEO regarding expenses incurred to attempt to help the company, well I do not take very kindly to people who shrug off their financial responsibilities, and I am rather irate at this new turn of events. It tells me they will not hesitate to shrug off the financial responsibilites to us shareholders, and will maybe just quit answering our questions when we are upset about seeing excessive dilution in the form of an added 400MM shares to the Outstanding share count.
Not happy at all - wish I had more time to delve into this, cuz I'm sure we'll get hit with that ever-so-popular comment tomorrow, "we cannot discuss any matters that are currently in litigation, etc.."
;>(
SF, do you always choose to ignore the character of the people with whom you decide to associate?
Or is it only the people with whom you decide to invest your money?
Either way, they will have no qualms about selling you a bag of goods and leaving you high and dry when the pickins get slim.
I prefer to stay alert to qualities that indicate to me that these are people that will always think of the most apropriate choice to make for the benefit of everyone they have made past committments to, not just for themselves or their newest associates and newest promises. And I prefer to remain attentive to any indication of tendancies to demonstrate major character flaws - like willingness to take advantage of someone if they can find a way around honoring the past committments. I'm starting to get glimpses of such here, sorry to say.
RoseBowl, TFTR.
I now understand your position and I am not any more happy with VTSI's approach than you are.
I will refrain from saying more, due to me being a bit upset right now. I may have way too much going through my mind to have enough time to type it coherently.
Thank you very much for some clarification of the matter; at least from your perspective, and that of your partners and firm.
THE COMPANY, VTSI, has some splainin to do IMHO.
I don't believe it. I believe the entity that pre-pays is the company itself. The manufacturer in China will not ship until paid, and no roofer will pre-pay that amount a month before he can get the product to the customer; so the company, CHDT, is left paying for the tiles until the sale and concurrent delivery of product occurs over here.
Think what you want, but no reasonable person would believe that the company receives money for the tiles from the roofer one month before the company can get the tiles to him. I believe the company fronts the monies for the prepayment.
I find it rather interesting that comments from everyone have ceased, especially regarding this issue. Is everyone as confused as I am about what to think here?
I know Jones and his partner deserve to get paid for the expenses they accrued while trying to help the company out. And I am sure that those expenses became rather high considering where everyone else in the company stood the last two years with all the struggles the company had making payments/payroll, etc..
I just sure wish the company and Kelly-and-partner could have remained in communication and settled this thing the RIGHT way without having to get into a legal battle adding those extra UNNECESSARY expenses.
If the company owes Jones and Cannon monies, buck it up and find a way to pay them. If you people disagree on the amounts, pick up a d___ phone and TALK TO EACH OTHER!!!! Show receipts and time charts, and etc. and pay based on those. If the company is going to need a year or two or three to get money flowing back in in order to meet said owed expenses, it would be helpful if Kelly and his partner could be patient enough to
accept slow payments as long as the company agrees to sign legal forms agreeing to how much is owed and agree to adding on a low interest rate, like 6 or 8%, until the balance is paid in full.
This is how civil people agree to settle financial obligations. No need to put someone (this is not just the company but all us shareholders also) into dire trouble to make sure you get your monies, if you can feel pretty confident that they will make good when they can. I know that could be a big IF, after them trying to sell off assets without concern for issues relating to several other third parties who had monies and efforts on the line with the company. But, I hope the company YOU FATHERED, and in which I am invested, is of high enough moral stature to be able to honor appropriate financial commitments - I sure hope for this for VTSI.
So, VTSI - call Jones and Cannon and come to agreement and quit playing around. You know you must owe them some money; they know it will take some time. Buck it up and come to an appropriate agreement with enough flexibility to be honorable on both sides.
And Kelly, sorry here, but just a simple person here who feels people should feel blessed if they have and retain a $40,000+ a year job that does not demand ALL their spare time - I think you and your partner could think about what REASONABLE fees for your time are, not the ridiculous lawyer-charging fees, not the accepted professional fees – we all know those are UNREASONABLE. Do you REALLY think you have to make that much money per hour off of people who have trusted you and put part of their life on the line with you? I mean, you left the position making well over $150,000 per year - I'm sorry, but that is a handsome enough salary for anyone, even though I know you big corporate heads in the business world think you have to make HUGE salaries so that you can play keeping up with the Jones' (no pun intended, but a bit funny) with whatever other company exec you plan to have dinner with the next weekend. Don't you think you and your partner could chop off a $100,000 amount or so just to get this thing into an agreeable mode, or do you just HAVE to have your exorbitant lawyer fees of multi hundreds per hour just for your ego and proof that you are owed something? Come on, who is really worth being paid over $200 per hour? I know millions of people are paid that, but it does not make it right, and it does not make it right for you and Cannon to charge such fees just because your profession does, and you can. Swallow some more pride here and some power, and give up some so the deal can be done where we all feel like the company has absolutely NO REASON whatsoever to not honor your offer.
Now, I may be totally out of line here, and you may have already done as I have requested here, and I know you cannot tell us this due to this being an unsettled case and all; so if I'm out of line I am truly sorry. I offer you a HUGE apology for being so obstinate here. But, if you and your partner are asking such exorbitant fees, then I am requesting that you think long and hard what the true, correct, honorable approach is here. I base my assumption regarding the fees being excessive on the fact that you did take a rather nice salary to manage VTSI while you were the CEO, and you are an attorney (Sorry, some prejudice there - lawyers, as well as other professionals get paid WAYYYYYYY tooo much, IMO, and I am a person who is in a higher paying profession). Just please, people on both sides, figure out a way to talk to each other rather than avoid each other. BOTH sides give a bit.
Do not let some of our monies go to the ridiculous inefficient court systems rather than to just getting this settled. All in the interest of preserving shareholder value for the company (You say this is important to you, Mr. Jones) and your own self-respect and sanity. There are real people out here who have their own lives riding on your decisions and actions.
I agree with you totally, sddt. I appreciate you bringing this to light.
I also feel that it is not appopriate to support such optimism just because we would feel better to have a little optimism on the message board. Others checking this out and only reading certain segments of the message board, may be influenced in an inappropriate manner. If we want the message board to be a source of information, it is best to only support substantiated facts and make sure unsubstantiated promotions are challenged rather than applauded.
Nothing wrong with playing around and having a sort of message board pool for fun on whether we think elpaff will be correct this time, but it should remain obvious that this is totally "clown" type rantings rather than any true information. The message board needs to put a stop to any rumors by making it totally obvious that they are merely unsubstantiated rumors and nothing more.
BTW, thanks Lucy for gathering that new OS count information from the TA - good to see.
Now, I wonder if what Dart had to say about gagged TA's and the kind of "hand-shake" gags he spoke of are likely to be affecting this stock, because I do believe there is dilution of some kind going on, somehow, somewhere. You can see it happening in the charts.
JMHO.
Of course they do. You sure do try to muddy the waters in favor of the directors, don't you.
Kelly is not in a position anymore to make decisions that will dilute our investments into oblivion like the directors are at this point in time. So quit trying to put the ball in his hands; he cannot serve it, he can only bat it around enough to direct the conversations toward a full spectrum of possible concerns. Oviously, those concerns will focus on his also, personal and businesswise. You are not being wise to think that they would not address his concerns (or imply that us other shareholders would not think such).
Our attention should be focused on the board members and their present AND PAST character and decisions. After all, the best predictor of future behavior is past behavior, and I take THAT very seriously. Their past behavior does not appear to have been behavior we can trust. Notice, I said "appear", I have not decided for sure if it does indicate concerns for mistrust or not. I certainly would like them to have enough respect for the position us shareholders have been in the last 6 months to come out and tell us their perspectives on what had unfolded regarding the differences of opinions about how best to operate the company, or to sell it off to some other interested party. Them being quiet on this matter makes me most suspicious now, and will probably get me to vote no, because it tells me they did not have justifiable enough reasons to elaborate to us shareholders in the open. They do not have faith that us retail sharehodlers would see the benefits of their decisions the past 6 to 10 mmonths. Now, why would I trust another 400MM shares with someone with that past behavior history?
If they have a good enough explanation, then I would probably vote yes, since I have started to move to that direction with all the other developments of late.
I agree completely.
I want to know about the character of the people with whom my investment is going to be entrusted. Them requesting this many more shares is something that demands that they give us the story about what happened in the recent past. Who's assessments were what and why did they come to the conclusions they had attempted to move on? We should know this so we can get an idea about what their reasoning is with the current situations. Also, I think we are due some information regarding the loyalty issues that will allow us to make some judgements of our own about these people's character, and whether or not we can really trust them with this many more AS.
"I am not one to say he "dropped the ball" just because we don't hear from him every other week."
It appears that most of us who are upset with Howard's performance agree with you here.
We are not saying "he 'dropped the ball' just because we don't hear from him every other week".
We are saying he dropped the ball because he chooses "to do irresponsible things like go on his next vacation while he should be managing a mammoth sales effort and assuring the product is in a form/fashion that the customers may be willing to purchase. THAT is one of those typical penny stock-type of despicable displays of shareholder disrespect and mismanagement."
and he
"doesn't even monitor sales preferences for the big product on which he has spent a bundle to attain the highest approval in the country in order to bring it to market."
and the stock has depreciated in value due to "Howard missed an opportunity by not getting the tile colors right the first time."
This has resulted in the company not being able to achieve enough tile sales to even speak of so far.
Then, add on that the time lines initially set, BY HOWARD, regarding CPS Miami and CPS in Naples opening and adding to revenue stream. These have floundered a bit (but I personally believe they are probably doing better than they would have under the initial franchise plan) and have caused some possible issues of concern.
THESE are the reasons we are saying Howard has dropped the ball big time after all the repetitive PRs pumping up how great the tiles were, and how positive the franchise openings were going to be.
These constitiute "red flags" in some people's minds.
This IS one of the POS pennies, so far. And from the way it has been panning out, it is likely to contiue to be one.
Nothing wrong with investing in a company for the long-term and taking profits off the table while its stock prices show some weakness as it moves onto its next stage of growth. Such swing trading is the most productive manner to invest in the markets nowadays, IMO. Those are the investors who demonstrate some wisdom about how the markets operate in the current environment.
The one way to tie your money up for long periods is to become a stuckholder in stocks like this one. You condescending longs just sit and merely wait for the stock to come back to where you started buying (PatD and rvd excepted) and then hope it can move some more so you can make a little off your investment (say 5 or 10% APR once averaged out over the lengthy hold time of 2 to 4 years, like you are referring to). Heck, investors like you can make that (at minimal risk, nonetheless; not this extreme risk Howard has put this into) with a CD - why don't you just guys buy a 3 year CD? You will make as much with a CD as you will with this the way it has gone the last 8 months, unless some lucky turn comes about.
You people are left HOPING it will make a massive move some year or two down the road because you believe in their plan. By that time people like me (those despicable swing traders, or sometimes position traders), who took some profits along the way, have profited MUCH more from their investment, and are back with you all sitting long-term. We will be here when it moves, assuming this company has ANYthing worthwhile going for it, with a much larger position, ready to reap the benefits of the long awaited, hopeful run up.
And we have minimized our risk by being OUT of the stock when Howard decides to do irresponsible things like go on his next vacation while he should be managing a mammoth sales effort and assuring the product is in a form/fashion that the customers may be willing to purchase. THAT is one of those typical penny stock-type of despicable displays of shareholder disrespect and mismanagement. And you say this isn't the typical penny stock, Uh hm.
You people can praise Howard all you want while he sits on his information and KNOWS who is dumping shares of this stock down in Florida. I do not consider that to be wise investing.
I prefer to make money off my investments, LOL.
So belittle me all you want for taking profits and making even more money with them in other investments, while you all sit here and keep praising the guy who has been disloyal to shareholders and incompetent in his performance of his CEO duties - doesn't even monitor sales preferences for the big product he has spent a bundle on to get the highest approval in the country in order to bring it to market. LOL. Go figure, but you guys keep praising him, and laughing at us who think better of leaving too much money laying here for too long. We'll see who has the bigger laugh, LOL, measured by bigger profits when it is all done with.
Or maybe, just less losses. Oh my, let's hope not, LOL
No, I've flipped my position a few times over the last couple months, and I have at least got myself set up enough to make some of that lost money back, IF this things does make any half decent move. Doesn't need to be a big one, just some sort of up movement, and I'll take the profits on first signs another downturn which will probably be within the first three days of the move. This is certainly NOT how I wanted to play this stock, I was hoping more for something that I could buy into and only have to swing trade it a few times as temporary weaknesses showed up as it rose over the next year or two, but that is not likely to happen now. Howeard has dropped the ball so badly that the numbers would have to be phenominal for any up move to be sustainable, and most of the longs here have agreed that those numbers are not likely to be even outstanding, just pretty basic is what is expected. So, I'll sell these to you in a bit when we show our next signs of weakness if you care to wait for the shares.
Many of us stuckholders have similar thoughts. Time for this bird to start at least an attempt or two at flight. Howard seems to be quite content to sit here with our wings clipped, and does NOTHING to provide any assistance - pretty sad.
It is quite obvious watching the chart movements that people are just WATCHING and WAITING for Howard to say something, ANYTHING!!! He could just say BOOOO!!! and the stock would at least get some kind of movement; but this silence for months on end is rather ridiculous and cause for concern, thus the horrible share price.
Thanks for the clarification.
Let's hope he means it this time, LOL.
Is that a response to a current communication (within the last week) or is that a copy of the response given the last time, when we were waiting for Q2 filing?
That looks just like one of the responses for the Q2 that was posted a couple months ago, and we all know that it did not come out on time, much less early.
I won't be convinced Howard has, in fact, learned a lesson regarding late filing until I see the next few filings accomplished within the alotted time frames. Once you file late, people remain nervous regarding how likely that is to become a pattern, especially with OTCBB stocks.
CC Announced: Thursday, Nov. 2, at 16:15 EST.
Came up on my broker's information and I cannot copy the link. I'm sure others here can find the story for everyone else. If not, let me know, and I'll type in the pertinent info for everyone.
TISA
ECFL
CFRI
AMRE
FSMH