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lol, that response reminds me of the man who, when confronted with the statement that any perimeter of the earth was near round, replied "not so, how about the line going through the deepest point of the Marianas trench and also the peak of Everest?" Technically he was correct but of course missing the big picture because he liked to argue. You're also missing the big picture if you can look at that longterm chart and claim as you did that this stock has an inability to move up. Here it is again below. And the fact that you bought it much higher is immaterial. I sold all my vtsi the day that Kelly resigned, actually at seven cents as I remember, but that doesn't mean that I can claim that it's been at seven cents for ever.
Remember to change it to the weekly view
http://stockcharts.com/h-sc/ui?s=vtsi
Andy go to this link
http://stockcharts.com/h-sc/ui?s=vtsi
and change the time period to weekly instead of daily. Looking at the chart, there is absolutely nothing that supports your assertion of an "inability to move up." It's basing beautifully, and the next move might be to well over 0.20. Patience, and accumulate while you can.
Hey Bill, we need to make sure that mentally unstable people can buy automatic weapons with extended round clips of up to at least 30 shots because that what the founding fathers wanted. It's protection in case the US government ever becomes dictatorial, because as individuals we can fight back and the crazies among us make the best fighters. So those are the guys we want with the extended round clips, ok? Do you get it now? :)
OS update from the TA on Jan 19 2011
No change from previous update: Number of shares issued and outstanding - 158,615,776
Perhaps you posted that without thinking about it or reading Stormer's excellent post immediately prior to yours:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58722602
Do you have an answer to that? To simply say that "it doesn't pass muster" is just bashing which seems to be your intention anyway. Given the size of the revenue stream now which is directly attributable to the patent-protected cumulative R&D, I think $6 million is low if anything. I don't see how you can argue much less than that.
It may seem like it has been in the 7 cent range forever, but If you look at the weekly 3 year chart it puts things in a longer term perspective and 7 cents doesn't look like a barrier at all.
Agreed, but I think we are talking about a fairly nominal OS reduction. The IRS is/was being paid $75k per quarter. A buyback would be on the order of $100k per quarter max. i.e. only a million shares at these prices. 0.6% of the outstanding. You could do that for 4 quarters and it would still be a 2-3% of the OS best case. So we're not going to see a significant reduction in the OS due to a buyback.
ok, I took you up on your offer
I searched your board name and the stock you are referring to is MBST. I then looked at the weekly (3 year) chart of MBST that included the On Balance Volume and accum/dist indicators. I compared it to the same chart for VTSI and it's amazing, you have found a stock which is the antithesis of Virtra. These bullish indicators are trending up in Virtra's case, while they are trending down in mirror-image fashion in the case of MBST.
I agree with you, this board is not the place to have a discussion of MBST. However, I would like to raise the issue of why one of the VTSI board mods is encouraging people to search out other stocks to put their "hard earned cash" in. I have no problem with you "refusing" to put more money into VTSI, while I add what I can every month. But honestly, your attitude seems at odds with the position of board mod.
You're kind of disillusioned for a board mod aren't you? First, promoting a stock for the sake of promoting it is called pumping, and it's the LAST thing that's going to give "credability" in the investment community. Second, you seem to have made it a fact that filing SEC reports is necessary for the pps to move up, absolutely untrue. To Bob: steady at the helm, everything is going perfectly. The long term weekly chart is a thing of beauty.
I'm not sure I get your problem. Certainly you were somehow being rhetorical when you wrote "we sold 11 of these written across the top', because here it is from the source:
http://www.marketwire.com/press-release/VirTra-Announces-Eleven-Simulator-Sales-Across-South-America-and-Mexico-1371591.htm
Instead it sounds like you would rather have seen 11 PR's, each one announcing the sale of a single piece of equipment. It's ok to have that opinion, although to argue that it would help the company "market itself to the investment community" is a big stretch and is an opinion that I don't share.
yes, all these were multiple screen units, very nice. But note the wording: "sales to various locations throughout South America and Mexico." I think these are individual sales and not the material contract noted in the recent report.
XVIII. Material Contracts.
VirTra entered into a material contract with a customer that has not yet been publicly announced.
http://virtra.com/content/3-showFinancialReportById.pdf
another youtube video posted
ok, here you go. This was followed by a phone conversation.
From: Andy Schulle <aschulle@avstarinc.com>
Subject: RE: AAVG Outstanding share count
Date: November 8, 2010 7:08:21 AM MST
To: xx @gmail.com>
Dear Mr. xx,
Currently, the company has 151,900,542 shares outstanding. Please feel free
to contact me if you have other questions and thank you for investing in the
company.
Best Regards,
Henry A. Schulle
AvStar Aviation Group, Inc
Secretary
-----Original Message-----
From: xx @gmail.com]
Sent: Monday, October 25, 2010 10:50 AM
To: aschulle@avstarinc.com
Subject: AAVG Outstanding share count
Dear Mr. Schulle,
I am a shareholder of Avstar and have an investor related question. I
called what I believe is your stock transfer agent (Old Monmouth of
NJ) to find out the current number of outstanding shares and was told
that they do not give out that information publicly unless requested
by the company. Could you please have your agent send me the current
outstanding share count?
Thank you for your time,
The company is selling stock. The OS in the ibox (118M) is a joke, it was more than 150M when I talked to Henry Schulle a few months back and he would not say that they were done selling.
imho, PR's that have substance are fine. But there is nothing worse than a fluff PR. My observation is that those PR's that announce that so-and-so is attending a show or that such-and-such product was debuted are met with no real share buying and actually probably hurt because then one has the situation where the company released a PR but the stock went nowhere. Virtra seems to limit the fluff, thankfully. Just my two cents,
5cap
OS update for the ibox: As of Dec 6 2010 Number of shares outstanding = 158,615,776
Another job opening
http://virtra.com/corporate/careers.php
Pardon me, but saying the price drop is from dilution means that you think the number of shares has increased to more than 170 Million shares since October! I suggest that you check with the TA if you really think that's true. (Here's the math: .08/73*157= 172)
Interesting that the spread is so small. The bid has been at .0735 for some time now and the ask has come down to .0735 x .0737; Clearly, if someone actually wanted to sell their stock they would accept .0735 instead of holding out for .0737. So why the ask at .0737?
I suggest that you get an update on the OS that is more recent than August 18. That number is old..and low.
I believe this refers to a multiple system order contract that is large enough to be significant to the company in terms of business operations, and thus "material."
http://www.securitization.net/publications/SecUpdate/SecUpdate_1Oct04.pdf
It's probably also the reason why Ferris bought more shares.
careful...the OS is more than what is stated in the ibox. It's over 150 million.
Very odd. They were all sells into the .077 bid, separated by a minute or so. And seem to have stopped when the bid dropped, perhaps when an .077 order filled. Can't imagine it has anything to do with retail, maybe one of the mm's testing an automatic routine on vtsi?
Nov 10, 2009 was the second Tuesday of the month, as is tomorrow.
The perfect TA if you're interested in selling some stock. It is noteworthly that the company itself has not responded to questions about the OS either.
With respect to "10Q", the last filing with the SEC was long ago. I think you may be referring to the informal quarterly report that can be found at this link:
http://www.virtrasystems.com/cu_investor.html
I think that if AvStar is no longer a Ludlow client, i.e., no longer paying Ludlow, then they no longer "stand by" their price target. Here's a list of client research reports from the Ludlow website at this link below. See AAVG? So yes, I think they changed their minds.
http://www.ludlowcapital.com/reports/
That's old, and the OS number of 118M is low and was before the TA was gagged.
Unless they have accelerated the $75k payments, the IRS balance will not be zero yet.
Actually, it was the statement "Ludlow Capital stands by it's target of .08-.10dollar/share" that made me wonder. May I ask your source of this, an email from Clayton Gamber?
"I received an email from the company."
Who was that from? I have received zero responses from my very polite emails.
So it looks like it comes down to three possibilities. Which is it?
1) great buying opportunity right now.
2) Ludlow Capital is the sort of paid shill that as a taxpayer makes you wish we had an effective SEC.
3) Ludlow Capital has never heard of AAVG.
maybe 50 is in the cards at some point but probably not right away since all the technicals are already into oversold territory.
Rusty, thanks for posting that
Who is selling? The TA is gagged and the company won't answer emails concerning the OS. If it's them they must need cash pretty bad since the total volume is only $10k worth. Of course if they can bring in a few $k every day by selling stock that's one way to stay in business.
Anyone been able to verify the current OS?
For starters the ibox OS is incorrect and the TA is in fact gagged.
In my experience any order of 10k and over shows up immediately at the bid. (i.e., if it's .071 x .075 and I put an order in with tdameritrade at .073, it generally shows up within seconds as the new bid. Call your broker and inquire I guess.
Thanks SirFelix. Wouldn't you think the most current OS should always be public domain?
Update: that number was from 6 weeks ago. I asked this morning and another small dilution has taken place sometime between then and now. Current OS = 157,990,776