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When's the last time they tried? Not since I've been around.
I'd like to see that there actually is a problem before I vote for a solution.
Based on the share count survey, it looks like there are a lot of medium to large holders who would be likely to vote.
Even if not, it will be hard to convince anyone without real news in the cc, which is unlikely.
Or, it would be in the bag with the quorum reduction, but without it they may have to buy more and drive the price up first, assuming that there is a "they" and that they have such plans.
"These same people won't even look at a $9 stock."
Unless it's a biotech stock.
It wouldn't.
My question is, why buy at .09 when you can buy at .08?
If they needed 2 million shares or something, then it might make sense, since it would take a long time to get it without spiking the price. Perhaps they are offering many of their clients who hold VTSI the same deal.
Oops, I meant 30K.
Why couldn't they just buy 50K on the open market at .08?
When it comes to stocks, if I compare the times I've said "I wish I had panicked" with those I've said "I'm glad I didn't panic", it's clear that I don't panic nearly enough or nearly fast enough.
"Let's see what the CC produces."
I predict that the explanations in the proxy letter will be repeated, which will tell us nothing.
"I am beginning to smell a plan to take this company private or sell out to a friendly party at the expense of the small shareholders"
That would be my concern. If that is the case though, or appears to be the case to most investors, the question then is what happens if the vote fails?
If they landed such a deal, they wouldn't need 100-1, since the price would go up by a few multiples on its own.
That's quite a gap.
So you're suggesting that their website has been hacked?
I can see some agreeing with a reverse split, but the rest of this crud makes the whole thing look bad.
I agree. If there is news that they plan to market to the public, that will move the stock.
But the more times this happens, the more people will be doing the same. To be safe, next time you'll need to dump the day before the news, and hope it isn't much better than expected.
"The two suitors to hope for are Lockheed Martin and Smith & Wesson."
And L-3.
After 150 share chart-painter-return-fire. About 50K did trade at 9 cents before that though.
"You would think that a company would rather own the property than rent".
I don't know about that. Lots of companies choose to rent rather than buy, even when they can easily afford it, or even have someone else construct a building to their specs so they can rent it.
Maybe they figured they would announce "debt free" before 2010 earnings anyway, so they might as well wait.
I'm with you though - growth-related spending may have kept earnings down in Q4. A measly $121k shouldn't make a difference though.
This news probably is intended to provide perspective to upcoming earnings, so tomorrow or Friday wouldn't surprise me.
That was a 1000 share trade, so pure BS, but at least it was possible to make it. The low-to-mid-7 asks have dried up.
The $40K was stated as the price for a five screen sim. It's been removed from the article now.
That $40,000 number must be a mistake.
"Regional agreement" I suppose means cost sharing among neighboring departments who would use the system. I like to hear that.
Oops, maybe not, there was 25K there. Still weird though.
Today is different though. The .0745 ask was placed when the bid was .0744. It's probably a small number of shares meant to induce sales at .0744.
It looks like the .0741 sell order was made when the bid was .0741, and hasn't completed yet. There may not be many shares left in the order, or whoever placed it might not be monitoring it.
That was my thought. Why else would they rebrand unless they were planning to sell to the public?
"or was it a wash for the rights to be an exclusive supplier?"
If that was the deal, they probably wouldn't have rebranded the simulators.
Highly unlikely. If the initial sites are successful though, it could be possible in the future.
"Prior to the Academy opening, Gander Mountain and VirTra worked jointly on a comprehensive provisional patent application covering all aspects of this pioneering project."
That would be our mystery "material contract", I assume.
Haven't we seen these before? I definitely remember the hilarious "creative (non-database) programming projects" comment.
Not to mention the costs when officers are harmed or killed.
Of course, in many cases future potential or probable savings will not be considered because of budget constraints. "Yeah, it will probably save us money in the long run, but it will cost money now, and we don't have any."
1) Earnings last year were in early March, I think.
2) "Thousands"? Seriously? A couple new laptops cost "thousands".
3) The simulator market has continued to increase despite these lean times. The change in technology and attitudes toward this type of training have outpaced the penny pinching so far. It doesn't help though.
I don't get the tiny buys early today at or near the last trade price. I'm not sure what purpose that would serve, and true buying in those tiny lots would be silly.
The 1:16 PM action looks like an attempt to crash the price, then we have competing chart painters after that.
For all of that, there is nobody putting up a serious bid or ask in a range where more than a token amount of shares might change hands (if there even is such a range, but if there is we know .067 and .075 aren't it). Every single trade today looks like a part of somebody's game on one side or the other.
It's not trading at 6.3 cents; it's not really trading at all. Ask is .075, current gap is huge. Somebody sold through .07 and .069 and tagged .063 with 1000 shares. They did that a few days ago and it cost them over 100,000 shares, this time only 12,000. Maybe they are trying to hammer it down under current low volume before earnings come out. It doesn't seem likely to work.
Nope, 64K at .069 and 5K at .063 40 seconds later.
We don't know what the simulated shooting ranges will cost yet, but lots of expensive things are marketed to the public.
In the case of VirTra, a reverse split would most likely precede a move to a major exchange, and would not have a negative effect on the stock price. I suspect we will never get to that point though. I think if they continue to grow, they will most likely be bought before it can happen.
I like it. Footage we've mostly seen before, but better put together.
I can't really disagree. Cost was an issue, but it is borderline now. I'd like to see them get off the pinks this year.