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You don't need to add JMO to your posts. That's pretty self evident.
Email conversations with this or any other company's management is just part of doing on's DD and I usually prefer to keep my emails private. Especially here where there seems to be several posters with an axe to grind so to speak. My experience with Virtra's management over the years is pretty much the same as with other companies..Most often you get a response, sometimes not, sometimes interesting insights are obtained, sometimes you get "I can't talk about that.."
Lol I knew you didn't have me on ignore! We're going to have to agree to disagree on this though.
It seems like you are against the split not because it's going to go down longterm, but because you 're sure it is going to go down short term after the RS. Wouldn't that be great! A stock that you knew was going up, but first it was going to crater so you could back up the truck.
Sorry for being so flippant but it's hard to argue that the RS is a bad thing if it leads to higher prices long term. Lower prices short term together with higher prices long term is called a gift. If you don't think it's going up longer term, given all that is known, why not just sell and move on to another opportunity.
I think you're confused, here is a dictionary definition of liquidity:
1. The degree to which an asset or security can be bought or sold in the market without affecting the asset's price. Liquidity is characterized by a high level of trading activity. Assets that can by easily bought or sold, are known as liquid assets.
2. The ability to convert an asset to cash quickly. Also known as "marketability".
So you should realize that for trade sizes in VTSI of say $2k or 25,000 shares, one doesn't move the bid/ask much. It's liquid. Placing an order for $20k (or 250,000 shares) will most likely move the bid or ask, and the stock is less liquid.
Post split, buying or selling $2k or $20k will affect the market in the same manner as it does now, it's just that you will be dealing with 250 or 2500 size trades instead. Liquidity will not be affected by the RS.
By claiming that the trading will be less liquid, what you are saying is that we can expect the spread after the RS to be more than 100 times what it is typically now. It varies from hour to hour, but spreads of $.001 to $.005 are typical now. Why would you think the typical post RS spreads will be any different than $.1 to $.5?
We're going to R/S in 13 days and we're going to be just fine.
TA update 4/20/2011
Number of shares issued unchanged - 158,615,776
Actually, their policy is to not release this info unless they have been given permission by the company. I asked if they had recently been given permission to release to the public upon request (as opposed to only certain individuals like me). The answer was yes. So I don't know why you ran into trouble. The TA is clearly not "gagged".
Let me get this straight, I'm not sure if I understand you. You saw that same PR that we all did this morning, and you also spoke with Virtra's IR and he said they have been hired. And you're saying you don't believe they have hired the auditing firm Moss Adams?
From the PR: "VirTra has engaged the auditing firm of Moss Adams, LLP"
Notice the words "has" and "engaged"
You wrote "The auditing firm has not been hired (yet)." And why exactly are we supposed to believe you?
Gagged? Has the TA refused a request from you since the CC?
Don't worry, Jed will surely get to the PR before 10 AM tomorrow.
I do expect that the company intends to use this delay to ensure that the RS will pass. A PR with definitive nasdaq uplisting plans should do it.
I honestly hope you are right. Although I could buy another helping today, I'm holding off on the trigger on the chance that you guys can push it down to .01 or so. Then the money would go so much further. Of course it would be at the expense of the posters who can't see more than a few months down the road, but hey, that's life. Once the smoke clears and you look back on these days of inexpensive Virtra shares, I wonder whether you will realize that you were the hard-headed SOB? Sadly, you'll probably still be struggling to find that one penny stock that will make you a million.
There you go again -- you just connected VTSI with the dilutive nature of convertible debentures. Yet you know this company has increasing earnings, & no debt, and is the antithesis of a company that would spiral down. Why the constant bashing if you are above board? And why work it so hard...I guess what it comes down to is I don't believe your motive. It's as if you are on a mission to make sure that every little doubt is expounded upon. Why? Because you bought some stock in 2007 and now, in 2011, out of the blue, you "don't believe in management's strategy", when the company is doing better than ever? Come on folks.
Whatever you say concerning ownership is not verifiable just by the nature of these boards. You are obviously hard at work making sure that uncertainty and doubt reigns. Your motive? Snapping up the shares from the weak hands that don't think for themselves is not a bad guess.
(in edit) Your alleged motive of simply "not agreeing with the management's strategy" doesn't square with the number your posts over the last 10 days.
No
You're building a big position aren't you. And the best way or you to do it is just bash away and keep the uncertainty up. And the nice thing about these message boards is it's all anonymous, so nobody can call you out. I actually don't care, because I'm not the slightest bit worried if the price goes down, I might even be able to buy more soon. However, I'll bet there's more than one baffoon out there who is listening to you though, thinking they will get to buy in lower before it heads up. Maybe, but maybe not...
Nonsense. So you think from 8 cents to 12 cents is different that from $8 to $12 after the R/S. No, it's not.
If the R/S doesn't pass, and it's back at 12 cents, I will be up by the same percentage as I would be if it does pass and it's at $12. Although you must know that; but I can't understand what else you are referring to.
I gave up trying to communicate with him by email or phone. He's non-responsive 90% of the time.
Dear Jed,
Your March 22 PR announcing the impromptu conference call on March 23rd contained the following line: "..a transcript of the call will be made publicly available afterward on the VirTra Systems website at www.virtra.com."
It's been 10 days, and there is no transcript available on the Virtra website yet.
tran·script noun
a : a written, printed, or typed copy; especially : a usually typed copy of dictated or recorded material
So Magic: With all due respect, if the R/S does pass and if VTSI is trading at $10 in a month or so, will we hear anything from you with regard to that? Or will you have quietly gone on to some other stock, tail between the legs? You seem so sure of yourself and full of confidence that you can predict the future so completely. Maybe in another 10 years when I get to be 60+ I will also be so certain.
"One of the greatest indicators of good character is recognizing your mistakes, promptly admitting them, and taking whatever action is necessary to correct/mitigate them. "
another youtube video:
There aren't any liquidity issues, you just keep saying there are. Liquidity means the ability to buy or sell a certain dollar amount without affecting your price detrimentally. The liquidity post split will be exactly the same as now. That is, the reaction of the market to an order for $10,000 worth for instance will be the same after the split as now. Your arguments otherwise make no sense, you just keep repeating them. But hey, the lemmings believe you so what do I care.
ahh, back to your fear mongering I see. Maybe the price will drop to 4 cents!! The great thing about this is that it's not like an academic political discussion. We are going to find out in the near term (<60 days but likely a lot sooner) whether you are right or wrong. My money is that you are full of baloney, and anybody who is listening to you is going to be chit-out-of-luck.
Thanks for something concrete, I appreciate it. First off, liquidity is for our purposes here, I hope you will agree, the ability to easily buy or sell, say, $8000 worth without affecting the price much. I picked that number because it's equivalent to 100k shares at VTSI prices these days, which is a good chunk for most here I sense, and I think I could sell 100k a day w/o affecting the price too much ok? (maybe not always in one order mind you)
Now, the key thing you need to know is how much money does the stock DTRX trade each day? You're telling me with your numbers that it's about $2500. That means my $8000 sale isn't going to get done in a day without upsetting the apple cart so-to-speak. That stock is not liquid in comparison to the VTSI that we know. The OS doesn't come into it.
That post was surely strong on opinion, short on substance & facts. I'm interested in any substance and facts that you could bring to the conversation, but not on your poorly grounded conclusions.
nice post. I'm putting my ignore filter on again.
I actually asked Bob Ferris about this. Last page is the signature page, signed March 10, and the pertinent line is "not misleading with respect to the period covered by this disclosure statement"
Page 27:
1. I have reviewed this Quarterly Disclosure Statement of VirTra Systems, Inc.;
2. Based on my knowledge, this Disclosure Statement does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances
under which statements were made, not misleading with respect to the period covered by this disclosure
statement; and
3. Based on my knowledge, the Financial Statements and other financial information included or
incorporated by reference in this Disclosure Statement, fairly present in all material respects the financial
condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this
disclosure statement.
I understand that it's your opinion that the spread would be $3, although I have no idea why you would think that. I posted earlier a comparable, that trades at the same volume (~2000), and the same price ~$8, and the spread was 20 to 40 cents. What evidence do you have that the spread would be $3? You don't need to re-hash your opinion, I'm interested in evidence.
No, I'm not wrong. In post 29914 that I was responding to you wrote "..Don Andrus should demonstrate his belief in the company by owning more than $12,000 worth of shares?," thus insinuating that since he doesn't own much he doesn't believe in the company. That is clearly your point, and you're using it to further an agenda here. I was simply calling attention your assumption, which I think is likely incorrect. You are assuming he has money in the bank but has decided not to buy VTSI with it. I think your assumption is wrong. Capiche?
ztect, I'm glad you found that article and posted the link. It proves my point. If you read it again, you will note that it's referring to problems associated with the volume, not the OS. You, and dlewisfl, are trying to argue that liquidity will suffer; that is, the ability to buy and sell and the spread. It won't be any different than it is now. Just repeatedly saying it will be doesn't make it so.
I am absolutely not joking. But you missed the point: I didn't say you were spreading fear by pointing out that he doesn't have a large stake in the company. Instead you insinuate that there must be some nefarious reason for it, like he doesn't believe in the company. If you distrust the people running the company, you need to sell and move on.
ztect, you seem to make an awful lot of unfounded assumptions. Let's just take this one where you are spreading fear based on the fact that Don Andrus only owns 150,000. That's a fact, but you surmise the reasons behind it (doesn't "believe" in the company) and you spread fear. What if your assumption is wrong? What if there is some other explanation? Just of the top of my head, what if he has all his money tied up in other investments at the moment, but he in fact has his own personal plan to buy when he can?
No, you are incorrect.. The correct comparison would be a stock that trades about 2000 shares/day. Guess you don't understand the liquidity issue.
Maybe you could enlighten me on what liquidity issue you see. For instance let's say before the split the stock is trading 200k shares per day, at an average of $.08, or $16,000. A spread of .002 to .004 would be typical, but sometimes more, sometimes less. After the split it would trade about 2000 shares a day at $8, or $16,000. The corresponding spread would be, 0.2 to 0.4. Now use a stock screener to search the Nasdaq for similar stocks (like CNYD for instance), and you will realize the spreads are this wide or even tighter..meaning once this is on the exchange that liquidity would get better, not worse.
Not really, it's just boilerplate that was copied and not sufficiently proofread. Please go to the previous quarterly and search for "split" and you'll find the same paragraphs word for word.
I didn't even realize he was still here. The ignore feature is a wonderful thing.
I own a large number of shares and have studied this proxy and emailed the company for help clarifying questions that I had. I will also be voting yes on all except #3 and #5.
Actually that section is at 40:00 minutes in to the conf call that's up on youtube already. Don says "...2011 we will conservatively double last year, and I see that growth rate continuing." He continues on making some interesting comments about recurring rev.
That was the reason for my earlier comment that this is going up. RS or not.