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Thanks Greg. I did not know that, i set up the favorite right to the board. I may be your #102!
What's a 'boardmark'?
Rumor has it? Where did this rumor start?
Looks like we drop back to the thirties today.
Form 8-K for VIRTRA SYSTEMS INC
--------------------------------------------------------------------------------
16-Dec-2004
Sale of Equity
Item 3.02 Unregistered Sales of Equity Securities.
On December 13, 2004, we accepted promissory notes and financing equipment leases tendered under the terms of an exchange offer, obligating us to issue 5,278,057 shares of our common stock, par value $.005 per share in exchange for cancellation of $799,031 in principal amount of our outstanding promissory notes, and $3,852,000 in principal amount of our financing equipment leases issued in 1997 through 2001. We had not made any payments on the leases since October of 2001, and had never made any payments on the promissory notes.
Each holder was allowed to choose from one of three options for the exchange. Under Option A, the holder received shares having a current market value of 23.4 percent of the principal amount he or she was owed, and was not required to lock up" any of the shares he or she receives in the exchange. Under Option B, each holder received shares having a current market value of 35.1 percent of the principal amount he or she was owed, but he or she agreed not to sell any of those shares for a period of six months, after which they become salable in six equal monthly installments. Under Option C, each holder received shares having a current market value of 46.8 percent of the principal amount he or she was owed, but he or she agreed not to sell any of those shares for a period of one year, after which they become salable in six equal monthly installments. In each case, the holder was required to forego all accrued interest. Of the total shares issued, 316,080 shares were issued to holders electing Option A, 306,900 shares to holders electing Option B and 4,655,077 shares to holders electing Option C.
The issuance of these shares was exempt from registration under Section 3(a)(9) of the Securities Act of 1933 because the common stock was exchanged with our existing security holders exclusively and no commission or other remuneration was paid or given directly or indirectly for soliciting the exchange.
Get out now! This thing is going to tumble.
If you bought below forty cents get out now, it will be below forty soon enough
How's this for negativity?!
We'll see if your prediction of busting thru past forty eight cents or our prediction of trading sideways is closer to the actual price on Dec 31
Pretty sure that we will be below forty for a while, sorry.
We'll see wont we.
What's your prediction for end of year closing price?
Not that impressive. Hoped for so much more.
Looks like we will be stuck below forty cents for some time to come.
Prediction for Dec 31 2004 : thirty-six and one-half cents
Wall St Cos, Analysts Get New Guidelines On Paid Research
By JED HOROWITZ
December 3, 2004 8:34 a.m.
Of DOW JONES NEWSWIRES
-------------------------------------------------------------------------------=== Investrend Research (http://www.investrendresearch.com), the oldest and largest fee-based research provider which pioneered the system for eliminating or reducing conflicts in paid-for research, is a member of the FIRST Research Consortium, and contributed to this process. The Consortium has pre-adopted the "Standards for Independent Research Providers" that not only meet the ethical guidelines of CFAI-NIRI, but go further. These standards are posted at http://www.firstresearchconsortium.com
-------------------------------------------------------------------------------
NEW YORK -- Publicly traded companies can pay analysts to write research reports to attract attention from investors but the companies can't influence the reports' conclusions, according to a new code of conduct from two influential trade groups.
The recommendation is among a set of "best practice guidelines" expected to be issued next week by the CFA Institute, a trade group for brokerage industry analysts, and the National Investor Relations Institute, which represents public companies. The guidelines, posted on the CFA Institute's Web site, aim to preserve open communication among companies and analysts without compromising Wall Street's renewed efforts to ensure the integrity of analysts' reports.
The recommendations also are meant to plug holes that emerged from a $1.5 billion settlement that 12 Wall Street firms made with regulators, who alleged that analysts sometimes issued biased research to help their firms win lucrative investment banking assignments. The settlement's restrictions on mixing banking and research led many firms to cut their research departments - leaving scores of small publicly traded companies as research "orphans" that fell from investors' view.
The recommendations were first issued in draft form last March for comment from the groups' members. A spokeswoman for the CFA (formerly known as the Association for Investment Management Research) said the recommendations on issuer-paid research generated the most response and led to modifications.
Warning that such research is a relatively new phenomenon that is "fraught with potential conflicts" and can mislead investors, the guidelines make several recommendations. Analysts should be paid before reports are written, and in cash only, so that compensation won't be tied to their recommendations or the performance of a company's stock or bonds, the guidelines say. The guidelines also urge analysts to disclose their compensation - and any other ties with the companies - in each report. Issuers of research must ensure that analysts are qualified to produce objective research, the guidelines note.
Representatives of the Securities and Exchange Commission and other regulators participated as "observers" in sessions where the guidelines were drafted, the trade groups said. Spokespeople at the SEC and the National Association of Securities Dealers didn't respond to requests for comment on the final guidelines.
Other parts of the guidelines prohibit companies from retaliating against brokerage firms or other analysts who issue negative opinions, a reference to companies that have barred bearish analysts' from access to executives and conferences. Analysts, in turn, must not curry favor with companies by letting them review recommendations in advance. "Sell-side analysts may only submit to corporate issuers for review for factual accuracy those portions of their research reports that do not contain or disclose conclusions, recommendations, estimates, valuations or price targets," the guidelines say.
The groups concede they have little enforcement power. "Although compliance with these guidelines is not explicitly required by either CFA Institute or NIRI," they say, "the underlying core principles parallel many requirements in each organization's respective codes of conduct. Members of each organization should also be aware that violations might result in disciplinary actions."
The guidelines also reflect the groups' sensitivity to negative publicity about their members, which in the CFA's case includes analysts at mutual funds. "Issuers, analysts and investors are reminded that publicly disputing research reports or airing grievances in media outlets could harm the reputation of both parties," the guidelines say.
However, the guidelines address conflicts of interest that have generated headlines at both brokerage, or "sell-side," firms and money management, or "buy side," firms.
"Sell-side analysts should not solicit investment banking or brokerage trading business when meeting with corporate issuers," the guidelines say, echoing a ban in the regulatory settlement. "Nor should buy-side analysts solicit corporate issuers for investment management business."
Issuers, in turn, can't "attempt to induce favorable analyst coverage" by promising banking or brokerage business to analysts, the guidelines say.
While urging companies to have written policies on equitable access, the guidelines urge analysts to realize that many companies have limited resources and "cannot be expected to fulfill every request for direct access to specific individuals."
For more info, contact Gayle Essary at 718-896-5060 or gayle@investrend.com
Only three (3) mm's under $0.40!
But look far UNDER .40 they are! Why are we slowly sinking? Perhaps the leaseholders aren't going for the 'deal'.
Would you?
0.35 50 NITE 12:00
0.36 50 SCHB 07:30
0.39 50 TDCM 12:01
Looks like Sales News does not move the PPS.
What does?
Yeah, two MM at 0.36 and then straight to 0.40!???
Watch and see it fill up with .365 .37 .375 .38 .385
you get the point.
As of November 10, 2004, VTSI had outstanding 52,261,235 shares of common stock
Veterans Day, 2004
By the President of the United States of America
A Proclamation
In Focus: Veterans
Americans live in freedom because of our veterans' courage, dedication to duty, and love of country. On Veterans Day, we honor these brave men and women who have served in our Armed Forces and defended our Nation.
Across America, there are more than 25 million veterans. Their ranks include generations of citizens who have risked their lives while serving in military conflicts, including World War II, Korea, Vietnam, the Persian Gulf, and the war on terror. They have fought for the security of our country and the peace of the world. They have defended our founding ideals, protected the innocent, and liberated the oppressed from tyranny and terror. They have known the hardships and the fears and the tragic losses of war. Our veterans know that in the harshest hours of conflict they serve just and honorable purposes.
Through the years, our veterans have returned home from their duties to become active and responsible citizens in their communities, further contributing to the growth and development of our Nation. Their commitment to service inspires all Americans.
With respect for and in recognition of the contributions our service men and women have made to the cause of peace and freedom around the world, the Congress has provided (5 U.S.C. 6103(a)) that November 11 of each year shall be set aside as a legal public holiday to honor veterans.
NOW, THEREFORE, I, GEORGE W. BUSH, President of the United States of America, do hereby proclaim November 11, 2004, as Veterans Day and urge all Americans to observe November 7 through November 13, 2004, as National Veterans Awareness Week. I urge all Americans to recognize the valor and sacrifice of our veterans through ceremonies and prayers. I call upon Federal, State, and local officials to display the flag of the United States and to encourage and participate in patriotic activities in their communities. I invite civic and fraternal organizations, places of worship, schools, businesses, unions, and the media to support this national observance with commemorative expressions and programs.
IN WITNESS WHEREOF, I have hereunto set my hand this ninth day of November, in the year of our Lord two thousand four, and of the Independence of the United States of America the two hundred and twenty-ninth.
GEORGE W. BUSH
OT: No they wont care, pull 'em!
Charliebunny goes on record - we break $0.41 today.
We will also open higher today than we closed yesterday.
No reason, just a feeling.
VIRTRA SYS INC COM (VTSI) Trade Set Alerts!
Quote as of 11/09/2004 11:48 ET
Chart
Delayed / Real-Time
Last: 0.3900 Vol.: 317,580
Change: +0.0600 18.18% Tick: Up
Bid: 0.3800 Ask: 0.3900
Bid Size: 50 Ask Size: 50
Avg. Vol.:
(100-day) 166,736
Taser (Nasdaq: TASR) is a stock on a run. Last Friday, I wrote that this stock had increased 69-fold since New Year's Eve 2002. Well, let's update that one trading day. The stock is up 82-fold since the champagne was iced to celebrate the arrival of 2003.
The news sending the stock climbing 20% today is the U.S. Department of Homeland Security's approval of an international airline's use of the nonlethal devices on its flights to and from the U.S. Ah, another market opens.
http://www.fool.com/news/mft/2004/mft04110820.htm
Only 11 MMs Below $0.40
Tiring, isn't it!
Buying Opportunity!?
Wow! Gone a week and VTSI losses almost a dime a share?!!
What is going on? Bankrupt? Bad news coming?
Therefore, to answer the question, the markets are open Oct 11
yes, markets open oct 11
VirTra Systems Embarks Upon Mobile Promotional Tour
http://biz.yahoo.com/prnews/041007/dath028_1.html
VirTra Systems Embarks Upon Mobile Promotional Tour
Thursday October 7, 10:57 am ET
ARLINGTON, Texas, Oct. 7 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI - News) today announced an upcoming national mobile promotional tour designed to demonstrate the company's patented new Immersa- Dome(TM) virtual reality system.
The initial promotional tour will run from October 13th through the 22nd, and will see the company demonstrate the Immersa-Dome's incredible immersive virtual reality(TM) capabilities to major event-marketing and promotional advertising agencies in several mid-west cities, including St. Louis, Chicago, and Detroit. The Immersa-Dome will be displayed in a specially-designed 45-foot motor coach custom-fitted as a mobile HD production studio.
VirTra Systems' Immersa-Dome is the world's first-ever individual, multi- sensory, projection-based virtual reality system, utilizing a domed-shaped screen which comfortably surrounds the viewer and delivers a high-resolution virtual reality experience without a headset.
"Due to overwhelming response from promotional agencies desiring an Immersa-Dome demonstration, we believe mobile tours allow us to see the most agencies in the shortest time," commented Tom Milks, VirTra Systems' vice president of advertising and promotion.
"There is no better method to demonstrate the Immersa-Dome's powerful capabilities than to exhibit in a typical mobile setting, utilizing our newly- produced high-definition promotional footage which amply delivers the sensations of sight, sound, touch, and smell.
"VirTra Systems' track-record of near-perfect up-time, on-time delivery, and robust technology are major factors in garnering both new and repeat business. Now that the Immersa-Dome is ready for agency demonstration, demand will continue to accelerate, and I look forward to soon announcing sales presently in the final contracting stage," Milks concluded.
About VirTra Systems
Utilizing patented technology, VirTra Systems sells situational awareness/judgmental use-of-force firearms training systems to military agencies such as the U.S. Air Force and the U.S. Army, and to national and international law enforcement agencies. Using the sensations of motion, touch, sound, and smell, the company also produces custom promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit the corporate website at http://www.virtrasystems.com , or the training/simulation website at http://www.virtratraining.com .
This press release contains certain forward-looking statements. Forward- looking statements are generally preceded by the words such as "plans," "expects," "believes," "anticipates," or "intends." Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. VirTra Systems urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations:
MPH
Jed Wallace, publicist
Los Angeles, California
310 234-3200
jwallace@mphpr.com
--------------------------------------------------------------------------------
Source: VirTra Systems, Inc.
Most of the services only carried the company news item, not the stock watch news so most people only see the sale not the bype.
SREAtkinson Alias Born On: Thursday, September 30, 2004
Do you remember when this board used to be active? Just like this stock, this board is now DOA.
Bye Bye
Buy Bonds
IVR - 300 – $140,000
http://www.duluth-ga.com/Meetings/2004/05-10-04ag.pdf
7. IVR - 300 – $140,000 is a Judgmental Use-of-Force Training Simulator System. This system is similar to
the Fat's (Firearms Training Simulator) which uses one eight-foot screen. The IVR -300 VirTra Systems has
developed the world's first firearms training system that includes a completely immersive, 300 degree
environment, incorporation the realistic sensations of sight, touch and sound. With IVR - 300 use-of-force
training systems, instructors can train for multiple threats from all quarters, train target tracking from 0 - 300
degrees, train to avoid "tunnel vision"' reducing surprise attack from focused threat; and identify the
strengths and weaknesses of an officer or partners in contact and cover situations, multiple threats from a
wide spectrum, and total environmental awareness.
And you, Robo, are the one person everyone looks to when seeking intelligent information.
WAJ
no, not good enough
i did not know vw had an online representative
VW, You Scare Me
Since you don't know what trade confirmations are you are surely going to lose more than your shirt.
Do you have any idea how many shares you purchased so far today during your 'load up'. You said 'about half' of the trades so far but could not come up with an actual number, that is scary.
Do you know how many shares of stock you own or do you estimate what you hold?
About half of them?! Just take a look at your confirmations from your broker and you may be able to get a better handle on what you did or did not buy today as you 'loaded up'.
WAJ
Loaded Up?!!!
Which one of these trades are yours?
0.330 2116 13:20:12
0.330 10000 13:01:02
0.325 2134 13:00:02
0.320 2134 13:00:02
0.325 5000 12:55:17
0.320 6200 12:55:11
0.330 10000 12:54:49
0.330 3000 12:54:49
0.320 3500 12:54:31
0.340 600 11:56:20
0.320 3000 11:56:11
0.350 1000 10:24:47
0.340 1000 09:55:54
Kelly in Colorado must mean they are crusing on autopilot. There must not be anything major down the pike if Kelly feels his presence is not necessary.
Kelly in Colorado?
I guess there wont be any news until after his vacation!
Something BIG is brewing.
Why else would they leave us in the dark like this....
Two Months Later and still 6 MM's under $0.40
VIRTRA SYS INC COM (VTSI)
Quote as of 09/15/2004 15:50 ET
Last: 0.3600 Vol.: 56,450
Change: +0.0300 9.09% Tick: Up
Bid: 0.3400 Ask: 0.3600
Market: OTCBB Mkt Cap: 18.68 M
BYLO, You have some great posts even though you show the darkside of VTSI.