Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It looks like they were not aware that they might not be able to meet the requirements as soon as they believed. People make mistakes, management teams make mistakes. I don't see how that can be described as a "sham". When Kodak made the mistake of not re-aligning their film business to the digital world quickly enough, was that a sham? No, it was a blunder. Virtra management made a blunder for sure, but it will be of no consequence in the long run.
Has anyone who has actually spoken to the company or the Miller group heard anything that contradicts what I wrote?
I just relayed what Mr Miller told me a few weeks back, as I'm sure he told anyone else who has called and discussed this particular subject. I'm not interested in your distortions and innuendos as you try and support your uninformed speculations.
you write "..two years worth of SEC-worthy Financials. This should be done by 2/1/12. IMO an audit of Virtra is a piece of cake.."
He (Miller) told me that 1)as it stands now a company needs two years for either nasdaq or otcbb, and 2) 2011 audit should be straight forward but a complete 2010 audit is uncertain because of possible documentation gaps exasperated by personnel changes. Paraphrasing from memory, he said they are just going to work on it and if it's possible it will get done and if it's not possible then there won't be a 2010 audit forthcoming.
lol, you're in exit mode now. That's ok, GLTY.
That's great. Before I throw $5 away I usually give it to someone who needs it. But whatever floats your boat.
Fish, there is a time to accumulate and a time to sell. If you want both at the same time you shouldn't be paying attention to a illiquid penny stock. So how come you bought $15 worth of stock with a $5 commission, thus raising your purchase price to over $.1?
I hope you're kidding
Furthermore, was it chance that one of the first Gander Academies to open was this one in Lake Mary? I think not.
http://maps.google.com/maps?saddr=Orlando,+FL&daddr=Lake+Mary,+FL&hl=en&sll=28.647555,-81.35305&sspn=0.304306,0.567169&geocode=FeB1swEdXEAm-yl3vM3-2HPniDGev6U8BrLDCg%3BFWPTtgEdKzAn-ymx1v4pUW3niDHLzyXzYNlsGg&vpsrc=0&mra=ls&t=m&z=11
I think you missed my point. Orlando has long history of mil training, that's why the itsec conference is there.
http://www.peostri.army.mil/
"PEO STRI is the U.S. Army’s acquisition and contracting center of excellence for simulation, training and testing capabilities. PEO STRI annually executes programs valued at more than $2.7 billion with a workforce of 1,300 military, civilian and contractor personnel. Acquisition programs cover 1650 contracts valued at more than $20.4 billion and support 5,500 training systems at 415 sites in 18 countries worldwide. In addition, PEO STRI’s Foreign Military Sales program supports 51 countries. Headquartered in Central Florida’s Research Park."
So that's why one would open an office in Florida. Not because they are looking to be with buddies away from the boss at Virtra headquarters. Are we clear now?
umm, for the same reason that Itsec is in central florida? duh!
fisher, in your opinion is it about slowly growing sales while making sure you're not paying very much in salaries..or is it about properly positioning yourself to get the sizable contracts? You seem to be coming from the former, I sure hope they are doing the latter.
I stand by my earlier post which was concerning shares you purchased long ago. The new law passed in 2008 is described in the link below. One of several pertinent sentences is "The law will apply to equities... acquired on or after January 1, 2011."
http://www.tdameritrade.com/costbasisreportingregulation/index.html
added in edit:
"Assign a specific lot for your trade
Go to the Gain/Loss section of the Web site (under Accounts) to assign a specific lot for your trade. You can do this from the day following execution and up to the time the trade settles.
Please note: Lot-specific trade assignments will need to be made by 11:59 pm ET on settlement date. This is a change from our current process."
really...do you have tdameritrade too?
careful, just as a polite aside I will point out that w/r to your taxes the profit/loss is determined in a first in/first out manner. So if you sell, then it is the oldest (GAMZ) shares that are being sold -- not the shares purchased more recently <.08. Unless they are distinguishable in completely different accounts.
After my email to them was never answered I finally called. Rudy Miller told me that they usually don't respond via email, but will always call you if there is a phone # in your email. Not a big help if you don't know that in advance, and not good in terms of new shareholders who may be writing as part of their DD, but he definitely minimized the IR aspect of the virtra-Miller relationship.
No, the 2011 annual report will be audited. Some have speculated that there was some reason that another year would have to pass, but it was just that -- speculation.
Form t is before/after market. 1.54M traded total.
No RS means staying on the pinks for years, which I doubt the majority wants. A RS with a smaller ratio than last time, in conjunction with uplisting will win shareholder approval in a landslide IMHO.
To get more eyeballs they need to uplist. To uplist they need an RS.
No I haven't. See post #32199
It tells me that perhaps the pps follows all the hard work, instead of coming before it. What does it tell you?
How is $0.18 a 150% premium on the value of the company? What valuation model are you using, for it appears that you are valuing the company in the mid 7 cents range. If that is what you think the company is worth, why do you own this stock?
And if the response is something like "well that's what the stock market seems to think it is worth", then what do you think would happen if someone with deep pockets came along and put in a bid for 158M shares at 7.5 cents?
sure: Who cares what the price is now? I care about what it's going to be down the road. If I had more money to throw at it during the dips I would (I did purchase 3000 shares at 8 cents today).
If it gets to be the end of 2012 and it's lower than it is today, then I will admit to being wrong. And life will go on..
But given all we know, I think it will be much much higher by the end of 2012.
I think the average holding is far less than that. The recent report gave the number 2922 shareholders (150 holding directly, and 2732 in brokerage accounts).
weeble, yes every trade has a buyer and a seller. But it's the action that counts right? Someone decided to "sell" their shares to the bidders. If they had decided to buy, they would have paid the ask.
I think at least one fund (besides Miller) has dipped a toe into the water so to speak. Or maybe just a toenail given that it was only 20k shares so far. See www.ddmachine.com
lol, I vote to just leave him be in his own little world.
Or maybe they were hired " to assist the company with its goals to expand its business, hone its financial strategy and strengthen its investor relations program."
That should be one of your eight choices. Unless you are going into this discussion with a preconceived bias that whatever the company says is a big fat lie.
It might be helpful if you could provide another possible path to the Nasdaq that does not involve an RS of some magnitude. I for one would be interested in hearing your thoughts to satisfying the listing requirements without an RS.
I would expect there will always be short term debt, no matter how big their business grows.
http://en.wikipedia.org/wiki/Working_capital
My take is they are well past the days when shares would be issued to cover debt. But a fair criticism of any non-reporting pinky I guess. Lay your bets, time will tell.
Presumably you would borrow like that to purchase parts and labor to build systems that you already sold, or know for sure that you could sell. You're not going to grow sales very fast if you are always having to wait for accounts receivable to come in. The line of credit is a good sign, the expansion of it a very good sign.
So when you say it's definitely being covered, my understanding is that you think someone is or was short and they are covering that position. If that's what you mean, do you have any evidence? Because some of us that have also owned the stock for years and years and years and also can read the data that says there has been a non-existent short position don't believe that you are correct.
That wasn't some idiot who traded 400 shares (or the 300 that came a little later). Nobody would put in an order for $36 or less and then pay a $10 commission on that. Those were mm trades, who knows why...
Slightly different but related subject. IR verified that company officials are not subject to ownership filing for buying or selling. Wouldn't say anything about present buying or selling. Did confirm that Andrus sold his shares.
I think there has been lots of Army sales before. See USAspending.gov
culling the weak
This is sort of an interesting thread, by the time you get to page 3 even the guy who was initially disparaging is saying his mea culpas
http://ksccw.com/showthread.php?t=29788
I can easily see the VTSI market cap at $320M. Don't confuse a valuation that is based on a conservative P/E or rev/share or any other metric, with a valuation based on thin air.
i.e., start checking out the fundamentals of companies with market caps in the $300M range. I think you will find that not all are impressive, not by a long shot. But all will have a substantial % of the stock held by institutions. Things will change once this stock is on the Nasdaq.
Just to be clear, the difference between what the TA has consistently reported (158,615,776), and the number listed in the quarterly (158,328,245) is not because of any recent change in the OS. The difference is because there are 287,531 shares in treasury.