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You're grasping at straws, lol. So you said that you sold your vtsi, but instead of turning your attention constructively to some other opportunities you try and bash Virtra. That's what's really pathetic, and it's quite obvious. Time to move on with your life Weo.
ROTFLMAO
$43 ? lol
Please explain why it's not in the company and shareholder's best interest to be buying stock at now 9 cents rather than after a full audit is announced and all the listing governance rules (BOD) have been met. Perhaps you think the share price will be the same, or lower, once these items have been announced?
ps in edit, remember that buy the time they are announced there will have also been 3 more quarters of increasing rev.
I think a listed, sec reporting company must first publicly announce they will buy their own shares before doing so. What's the law in Virtra's case?
I don't think you want to be in the business of "supporting" the stock price, you want to be in the business of making money. And from that standpoint there are metrics like Return on Invested cash that could compare different business strategies. One would be buy back some shares, another might be upgrading your test equipment so that you could sell the next generation shooting range etc. Let the strategy with the highest projected return win.
Your post has nothing to do with distrust of management? I quote "If he thought he would win he still may not have hired auditors.." And then your more recent post about Ferris' actions I quote "you chose to believe [they] were exemplary, and more of us (he lost) believe were deceitful."
You can't say these things and then claim you have no distrust of management, Billy. That's just laughable.
Although I disagree because I think the RS would have facilitated a move off the pinks sooner, I will agree that facts like the timing of the auditor engagement support your interpretation as much as mine. However your viewpoint also requires one to distrust management, which brings up the subject of why anyone holds a stock if they distrust the management.
Why? Because that's not in the long term interest of the company. It's only in the short term interest of those that like to buy in quiet times and sell when the spam emails/blogs/newsletters spread the VTSI ticker. Then rinse and repeat as the stock drops all the way back. That's all fine and we've got a lot of folks that prefer that (see recent vote results to effectively stay on pink sheets longer), but you asked Ferris and I expect he will think longer term and not waste $66k.
You wrote "From a business standpoint, GM is not going to invest more then $5M-11M until they can prove that additional investments are justified. "
That's completely arbitrary, you could have written numbers x10 smaller or x10 larger in that sentence.
fyi the # shares hasn't changed in a long time.
As for Andrus I would have expected him to buy a lot more than $45k worth. That's disappointing so far, although maybe he has other plans.
SirFelix, that was an excellent post
Buyback 1.5% of the stock, why bother? Just for show?
Actually that's at a price of 10 cents. After the next earnings report they might not get that price, so 250k wouldn't even buy 1.5% I guess I don't see the point.
ps - I'm all for a buyback, but much larger.
9:30:12 bid .091 x ask .105, and 4500 shares are traded at .08. How is this even possible?
Could someone please take a look at the VTSI 3 year chart and post thoughts on the technicals. The fundamentals are strong, and I'm thinking from the long term chart perspective that the next move could be a big one. TIA, 5cap
Resigning after 2 weeks for his own start up? Poor planning at the least, more likely he got the axe for some reason and the present "ceo" position is from his kitchen table. I wish him the best, it's tough but the payoff is often worth it.
I could of sworn that this used to say Virtra:
http://www.linkedin.com/in/dalehaines
I saw your earlier post a few weeks ago which indicated that Dale Haines would be taking over. But, at least as of May 26, that has been incorrect.
Jed Wallace is IR, not Dale Haines.
What ever happened to the Jed-to-Dale transition?
http://virtra.com/contact.php
That's 8 years old and just accumulating penalties that are now larger than the original tax bill. I'll bet the county didn't have a forwarding address and no one at the company even knew about this. (they do now!)
I think you are referring to posts #29281 and/or #29970. I already answered you in #31031 but I'll add that he didn't tell me anything -- I came to the realization that I wanted to maximize success in the 12-24 month timeframe, and it wouldn't matter to me if the stock price went down temporarily with the RS prior to uplisting. Like most, I would have preferred something less than 1:100 but the important thing is the nasdaq uplisting.
No, you're not entitled to your own facts. Once again you're on the wrong page and you're looking at the wrong market requirements. Try page 12:
http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf
But we went over this already of course, and you were already corrected in post #31091 . Surely you didn't make the same mistake twice did you? If you didn't make a mistake, please tell us why you are referring to page 1 again?
I can see that you are yelling that this stock will never be on the nasdaq. Everybody is entitled to their opinion, of course. But "factual?" lol, really now Billy, you need to retract that because it looks foolish. Or show us the facts to back it up. Without yelling.
Where you are wrong is that the real money is to be made when the people with the real money start buying the stock. i.e., the fund managers who won't be buying until we are on the nasdaq. The otcbb would be a waste of time. I actually don't care to argue with you though, because you are such an angry personality that it's pathetic.
Don't know why you would say that after you voted down the quickest way off the pinks. Got to luv that logic.
That's a real company. They'll be on the nasdaq sooner or later, the only question is when. (although "sooner" is probably a year at the earliest). Both an RS and growth will make it so.
You sold at 7 cents and you're giving him advice? I don't think he needs your advice. You seem to be the one with the ego. Tell us, are you going to buy back in after it breaks .13 or are you going to be one of those non-shareholders who continually spouts negativity for months on end? You need to find another stock weo.
Surely he will get to the bottom of it with that approach.
Based on the blitz by alliance, I think it must be close. If it was an obvious majority either way, why expend the effort to contact particular shareholders.
Don't worry, it's alright. There is a grand conspiracy to change most or all the no votes to yes. Resistance is futile, soon you will vote for the RS no matter what your original intention was. The company has total control, don't start asking questions or you might find no shares in your account at all.
The pertinent question is what percentage of companies seeking nasdaq listing -- that meet the nasdaq listing requirements and have the necessary funding for the listing fees -- are not accepted. I'll wager that is an extremely low percentage and I'll guess the number is 0%. What's your guess?
Did you see the fees? Has there ever been a company with money in the bank that met the listing conditions that was not accepted? Ever? I think you know the answer to that.
Nice try though.
page 12
http://www.nasdaq.com/about/nasdaq_listing_req_fees.pdf
didn't think you would need this much hand holding, Bill
You have come to a conclusion different than the company and anyone else here for that matter. better re-think that
W/r to your comment about how a market cap of $160M would "have" to factor in numerous things that you list, I beg to differ. There are other possibilities, for instance what do you think the market cap could be in two years if between now and then you factor in several large ($20M) military contract awards?
Of course this has always been the virtra pipe dream -- for years and years the big one has been right around the corner. The cynics would have you believe that dream is dead. But in a number of material ways the company will soon be in a better position than ever to achieve such contracts.
Point A is now. Point B is in the future. You need to think more carefully before accusing someone of a lie.
From point A to point B
Point A: where the company is now in terms of products, market share, profitability, and market cap ($12.5M).
Point B: where the company could be in two years, with 8 more quarters of business expansion, increased share of both military and civilian training markets that are valued in the billions, traded on the nasdaq with a market cap of $160M.
How does Virtra get from A to B? Continually hitting all cylinders on executing the business plan, and attracting investment from wall street funds. Nothing will help this investment more than the Nasdaq listing. Look long term, vote yes on the RS, get vtsi out of the pennies. www.proxyvote.com allows you to re-vote; vote yes on the RS for the Nasdaq!
Many of the weak hands have sold off since the RS news. This past Wednesday did anyone see the market reaction to the nasdaq PR? Positive to say the least. If the RS is voted down now, uncertainty is introduced and the stock will suffer. The RS is best for the company long term as everyone knows, and now, in the short term also.