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"If you really care, ask an accountant trained in SEC accounting. That's what I did."
Well, what did they say?
Since I'm willing to accept the fairly large risk that VirTra will fail for perfectly ordinary reasons, I choose to ignore the relatively tiny risk that their financial statements are fraudulent or that they are hiding something huge that is of material interest.
Obviously there is not enough liquidity in this stock to day trade it, if that is what you mean by "make $$$".
The price has not been the same for years.
Who cares what the bid and ask multiples of a stock are, as long as they are well above the tick size? I hear people say things like this all the time. It's as if they're incapable of multiplying by 100.
Once again, if you had bought the last time you said that, you'd be doing very well now.
If you had bought the day you posted this:
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Still no regrets? When a company no longer has the where with all to stay reporting on the OTCBB and "ops" for the totally unregulated pink sheets then things are pretty bleak.
I commend your "patience" but all but a few have folded their tents and sold this immensely bad "investment"
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you'd be up 2400% or 3600% today.
You've never stated your position. What exactly do you think the problem would be?
It won't stay in this range, but it may have a slowly growing P/E as the company grows, remaining technically undervalued.
It was determined two years ago. I'm guessing that it would hold up easily today, but if not, so what? Anyone looking at their balance sheet has their own idea of that value.
"If you see value prior to the market-wouldn't you capatalize on this?"
Sure, but when you see value prior to the market, buy to capitalize on it, then a year later the stock is even more undervalued, you might get concerned. I'm confident, but not in the short term.
It's not unusual for a company this small to be consistently undervalued, as VirTra has been.
Almost 300K sold at the bid of .074 in six minutes today. That's somewhat encouraging (that 300K could be dumped without cratering the price).
In this case we're talking about reportable material contracts, as defined here . So these sales wouldn't seem to qualify.
That doesn't mean it's something significant (to us) though.
Have the chart-painters given up? 2 1/2 hours to close, ask below last trade, and no 1000, 3000, or 5000 share trades yet. Maybe .0714 is not low enough to bother with. It would be refreshing to see one low-volume day without BS trades.
It turns out my email bounced and the reply was in one of my spam folders. It gave a "No Such User Here" for webmaster@virtra.com, although that is the address on their "contact us" page. I'll try that address again, and make them aware of the problem if it bounces again.
It's fixed now. It seems emailing Ferris is more effective than emailing webmaster.
I like how prominent the company logo is in their videos. Kind of funny, but probably effective.
TDAmeritrade used to have bids and asks for infrequently-traded stocks wrong on the main page quite often, but if you went to the details page for a particular stock, it would always be correct. I haven't seen that happen lately though.
Also, the bid didn't drop to .07 after your order, it was at .071 until the .0725 bid came in.
Where are you seeing the bid? Wherever it is, it's wrong. It's been at .0725 for hours.
Which reminds me, I sent a note to webmaster at virtra a week ago telling them that the #mil and #law anchors referenced in the "Trade Shows" links on the new website are missing from the trade shows page. Still no fix for this simple problem. I don't understand this kind of non-response. I maintain a website, and if someone informs me of a mistake like that, I fix it in a few minutes. The trade shows page is small enough that it doesn't really matter, but it still looks sloppy. It also means they didn't run a link checker on the new site.
"other creative (non-database) programming projects"
As a software engineer, this gave me a chuckle. Looks like they've seen too many website developers who can't do any real programming.
You mean .0749? That should fill. Who is your broker?
From a quick glance, it looks like a big improvement. I'm not sure how much difference it makes, but at least it will give a better impression to potential customers.
Madison looks like a tiny town too.
There doesn't seem to be any pattern to their release dates as far as day-or-week or day-of-month. They haven't gone past the 14th for 1st,2nd,3rd since 2nd quarter last year, which was Aug 27.
According to the county tax records, the property is owned by Ferris Properties, LLC., so VirTra itself has not yet taken possession, or at least it has not yet shown up on the county records website.
I understood that they needed to pay off the IRS in order legally get a loan for construction on the new building. Or did the goal change and someone else bought the land and paid for the building, and VirTra is renting?
I believe last year was Nov 16 and the year before Nov 19, so probably about two weeks.
Why are they different from any other individual investor or group though?
Some are in low, and that will tend to blunt rallies compared to what would happen if the stock had never gone so low. We know that.
The claim is always that they sell them "right away". Obviously that's not literally true, and maybe not even vaguely true. Anyway, if they're holding now what difference does it make? They'd be no different than anyone else who got in lower.
More likely almost everyone interested in VTSI already knew the debt was whittled down to almost nothing and about to be paid off.
Only token amounts have traded, so I don't think anyone is really taking profits. We just ran out of buyers and there are still no sellers at these prices.
Looks like the complaints worked. The page has been taken down.
I just sent them an email. Eight spelling errors in two short paragraphs, and there are more scattered through the website. Yeesh.
Use some common sense. The price pattern for VTSI on a day like today is determined by a few decisions made by a few investors, possibly for reasons unrelated to anything happening with the company itself.
If you want an encouraging pattern that does apply to VTSI, note that with low volume and no significant news the last few weeks, the price hasn't drifted down like it usually does under the same circumstances.
You're using analysis meant for stocks with decent volume (ignoring, for now, that such analysis may be useless in general). A few trades adding up to less than $20K in volume does not constitute a "rally". If one entity needed to dump a few shares and the handful (or possibly only one) who bought today had decided differently, we could be sitting at .058 right now, and that could happen tomorrow. If someone hadn't offered shares at .0625 to get things going, we might have had the large gap and no trades except the usual BS 1000 share trades all day.
Yeah, I hate it when people say things like that. Find a company with similar size, similar potential for growth, no profits or lower profits, and higher P/S, then you can complain. A price of .06 for a "purely speculative" stock may be fine, if the potential future price is much higher. Absolute share price means nothing except for psychological effect, or if it is too close to tick size.
I also hate when the financial news mentions that some stock is up or down by some dollar amount and don't mention the price. If I'm not familiar with the stock and don't know the general price range, that means nothing to me.
$35,000 or so in volume yesterday, less than $25,000 today - and these are relatively big days. All it takes is a few holders who need a bit of cash or are "sick of this stupid stock never going up" to keep the price down.
A big problem may be self-fulfilling prophesy. Once it goes up a bit, potential new buyers look at the stock and say "It appears to be undervalued, but every time there's good news it just goes up a bit then back down. I'm staying away." Holders say, "I believe it's undervalued, but every time there's good news it just goes up a bit then back down. I'm selling for 5 cents profit if I can, then I'll try to get back in lower."
Higher bids were still skipped though.
"So which of these items do you think is what they sold?"
None of them.
"As part of the contract, MPRI will install and license a customized version of VirTra’s proprietary video branching simulation software on its 390 Advanced Training System. MPRI will also offer VirTra’s self-authoring software so customers are able to create their own scenarios in order to tailor training more specifically to their exact requirements."
So VirTra apparently has modified (or will modify) their simulation software to work on MPRI's systems. Customers of MPRIs systems will then be able to purchase and use either of VirTra's scenario authoring packages if they choose to do so.
Speaking as a software engineer, this is where good software design comes into play. If VirTra's simulation software is well structured, layered, modular, and well documented, then adapting it to different hardware should be simple. If it was written by underpaid hacks who's managers always have them pushing a deadline, then it could be a lot of work.
It does say "As part of the contract" though. It's not clear if selling VirTra's authoring packages is the the other part, or if there is something else we were not told about.