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Correction: 54K sold into it. Still, the number didn't budge.
The 490K bid is an iceberg? 80K sold into it and 490K still showing.
Withdrawn now though.
Half a million shares on the bid.
If they have huge orders we don't know about yet, it's possible that they need more than that. I suppose loans in that case would not be a problem. It's just been my experience that when a small company makes a structural change of any kind, there is usually some downside for stockholders, especially if it is an overall positive.
My hope is that the cash is partially drained and what's left isn't enough to keep up with growth. Management seem to be signalling early for support. If it's just an R/S and uplist, that would probably be unnecessary. Moderate dilution and/or acquisition, merger, or some other restructuring that could be seen by some as a negative seem likely. Either that or they really don't understand what went wrong the last time and think R/S was the whole problem.
Right now I'm thinking R/S, uplist, plus a reasonable amount of new stock issued in order to finance large new orders. Then this board will be full of bashers screaming "Dilution!". Purely a guess, of course.
Another $50K for DHS border protection on usaspending. As the installed base of Virtra systems grows and initial warranties expire, it looks like they'll get a nice bit of income from upgrades, add-ons, and warranty extensions.
Also, I seem to recall that the total was $450K or so a few days ago, so there is another $100K somewhere, though I did a data download for the last few weeks and the DHS add-ons are the only thing new. Maybe I'm wrong or maybe some of the other numbers were corrected.
"if I were a betting man (which I am). NOTHING"
If it is nothing, the two mentions of liquidity would be bizarre.
Which makes no sense to me. If I'm looking to buy, I usually want at least 30K and at most 200K. If the gap is not too large and I see 5K on the ask and the next visible ask of significant volume is a penny higher, I'll put in a bid in the gap and it might sit there all day untouched. If there was 30K or 100K visible at the same price, I would probably just buy it immediately. The same also goes in the other direction. In other words, for me at least, their strategy of hiding the actual amount is counterproductive. I assume this is also true for most people - I mean, who is looking to buy or sell a measly 5K of an 18 cent stock? At least it's better now than when the same thing was happening at 5 cents.
True, but there is clearly a lot of algorithmic trading. Some days I have been able to push the auto .0001-under orders down to buy, then push the auto .0001-over orders up to sell at a profit seconds later.
There also appears to be occasional front running. I've seen my orders skipped at the same price or undercut by a hair while I was watching level II and only mine were visible (and for a number of shares that would have shown up).
There is also sometimes counter selling or buying to stabilize price. For example, a few days ago there was a 150K buy at .18 and over, followed by a tiny sell less than one second later at .175 or something like that. I've also seen the opposite happen many times.
So there may not be MM involvement, but there are a lot of shenanigans. All of it probably amounts to very little profit, but it interferes with "real" trading by causing frustration for someone who just wants to buy or sell blocks of reasonable size.
That's for the Modern Round stuff I expect. They had a job posting months ago that also mentioned game development.
I see nothing to dislike in the agreement. If Modern Round fails, Virtra is more or less unharmed. If they succeed, Virtra benefits nicely. Possible ramping up is years in the future though.
"Not sure anyone really wanting to be liquid currently has a hard time selling his or her shares."
Sure they do. Suppose I want to sell a million shares tomorrow. How low will I have to go? Suppose I want to buy a million tomorrow. How high will I have to go? The difference may be 10, 20, 30, or 40% in price depending on the day. That is one reason why we always have a ton of dumping on good news - people can finally sell without waiting for days or weeks, or feeling like they got ripped off. Most companies with similar market cap don't have this problem to nearly the same extent. It's not a problem of stock price or structure, but a lack of investor/trader interest.
I would hope it would be more than $72K now, given that the equipment is older.
Not huge - it's a warranty extension. The last time I could find this renewed, it was 12/18/14 - 12/18/15 and $72K. Probably a similar amount this time.
Liquidity mentioned again.
130K or so just went through at .18. I suspect cautious buying to keep it under that magic number. 10K at .179 went through immediately before and another 10K at .179 seconds after.
First order of the big award. $286K, Mexico. https://www.usaspending.gov/transparency/Pages/AwardSummary.aspx?awardId=51397485
In the past, the stock price has always caught up with growth eventually. I expect the same this time. It should return to being just severely undervalued rather than grotesquely undervalued.
Early in the day, you probably could have sold through to .1402 with less than 10K. If the bids look like that at the end of the day in the near future, someone probably will.
Anything under 5K won't show up.
5K asks at .17 visible from three MMs. All are certainly icebergs, so no telling how much immediate volume is available. First "real" visible ask is at .1899.
Allow me to hit for 50K and see what happens...
All 50K went through, minus 34 shares. There was a paint at .166 immediately afterward.
Please explain what would prevent an uplist.
Mainly because in the past, additional costs would have been high relative to income. They have grown to a size where that is no longer the case though, so an uplist now would be reasonable.
Right. To be a pump and dump, there needs to be enough dollar volume to make it worthwhile. There was no significant volume leading up to Friday (at least half of the volume in the few days before was due to me buying, and I am not letting go of those shares), and no real money to be made on Friday since almost all the volume was at .17 and above. Not to mention, there was no pumping anywhere, just sensible interpretation of the results on a few VTSI boards. Although some of the newcomers were enthusiastic, their expectations were reasonable for people who aren't familiar with the past behavior of this stock. When a real p&d happens you will read about a company that sells sponges or something on every message board for every kind of company, with claims that they will sell an amount equal to everyone in the world buying one sponge per month in perpetuity.
Maybe not today, but early next week if we don't see another bump up.
Record volume, but it's still small in dollar terms and as a percentage of the float. Since the volume is so low most days, potential sellers don't get a chance to get out without tanking the price, so on a day like today somebody who wants some cash will take the opportunity.
Good question, but it almost always does that on positive news.
Well, you're new here. What usually happens is what you're seeing now.
That ask is probably getting sniped - happens to me all the time. The trades that are going through at .18 may not even be on NITE.
Well, that's almost always the case even on slow days. I'm surprised we're not seeing a 5K .1799 ask right now like we usually would.
Today's volume may end up historical in dollar terms, but not even close in number of shares.
Soon you'll be able to use one at a Modern Round, and depending on your interests it could be even more fun (zombie enemies, scorekeeping, etc.)
I don't think it's fake. I hit it earlier for 30K.
Right, my TD Ameritrade orders go through on just about every MM (don't remember if NITE is one of them, but it probably is).
The only exception we've seen on here is PUMA, which is just handling big individual clients. They've been gone for a while though.
500K in the first minute or two.
Looks like we're out of gas for now though.
Where are the algorithms today?
I picked up most of that (210K). I wouldn't call it "loading up" though.
I suspect they have a pretty good idea what the individual orders will be in the near term, but there is nothing official or in writing, so that is all they can say publicly.