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Don't waste your time
I have personally given up hope on open and ethical communications from this company. Someday I will sell my position but not at .04 - even I believe this company has the potential to be better with renewed leadership, a better partner development strategy, and sales.
In my opinion, there seems to be more interest in living in the past with old airlines, companies that few recognize, scholarships, and smiley pictures than building this into the company we all thought it could be. Your earnings template should be published shortly - oh boy!!!
I promise, sure you all will cheer, I am done trying to get the leadership of this company to change - I have drawn the conclusion that they personally do not have the resources to defend the price.
Time to leave the old folk to relive his deals of years ago and move on.
I promise this is my last post. Not worth the time typing.
Goodbye IHub
Looks like Atlantic City was to approve $125K for V180 last week
Think it is a new system if passed
20 days to 2 year anniversary
The execs at FIO stepped up and bought - wish we would see something from our "big hitters"
21 days until Miller Group anniversary
Shortly after announcement you wrote you spoke with the mighty man and gave him an A - the line was look at the new hires they will foretell the strategy
Still feel the same? - maybe those PR's about 80K sales were worth it in hindsight
23 days to Miller Group two year anniversary!!!!
Let's all get ready for the big celebration of success in the PPS
24 days until Miller Group two year anniversary.
Anyone want to contribute to an anniversary present?
AMEN!!!!
Couple of weeks until they issue the updated template for the quarterly - expect to see something about bookings when what we need is something about revenues/margins/EPS that is better than flat or less than $0.005 which rounds down to a BIG FAT ZERO in EPS according to my calculator
Time for a new sales strategy/team in my opinion and some confidence building by the INVESTMENT Advisor that will have two years in this relationship by the next earnings report.
Nov 2011 was about 8 cents per share if I recall ancient history - quite a performance by the team - still waiting for some insiders to make a stand and announce a significant buy at 4 cents.
And the answer is NO
Will 4 hold?
.041 and still no buyers - Nov 11 will mark two years of a relationship I wish never happened
You mean a PR about some scholarship is not satisfying.
The PR guy does a decent job of getting that distributed to multiple sites.
WOW More News
Miller Group awards another scholarship
Would be nice to hear some Virtra news
How exciting
What has this exclusive relationship produced in revenue? - has Tundra to any goals / projections?
Does anyone get email alerts?
I wish they would remove this from their website
"At VirTra, we strive to keep you informed, up-to-the-minute, of events affecting our company. Below are links to help keep you up-to-date on VirTra, such as adding your name to the email list."
Wondering what I am missing out on by not signing up for the email service. Are they actually providing updates that I am missing.
But then, Miller's new significant hire does not mention Miller Group in his LinkedIn profile either. So what may be significant or timely to one may not be viewed as such by the other party in the transaction.
Timeliness of information, transparency of press releases, and significant are defined by an individual by their own guidelines and motivations. Unfortunately, retail shareholders in general are on the short end when trying to get information from many companies that went public to access funds but seem to want to benefit the advantages that private firms have.
Do you have a personal relationship with "Bobby"?
If you do ask him why no one seems interested at .042
Announced Owners conference in June 2014
I hope they know who their owners are and are sending them personal invites to the June 2014 (seems like a long way off) and are not communicating to them solely by a website announcement.
Seems strange that they would even post the invite on website since they should have close relationships with 100 or so owners - but the sales group continues to under impress me so I am concerned with possible strategy
If you want to host them at corporate get on the phone and ask them to attend an executive briefing since you are asking them to pay their own expenses - I wonder if they are doing that also
What would you guess the rational for a news blockout strategy? What is current thinking on up listing? If they uplist would they not have to be more transparent as reporting standards will increase.
With hundreds of systems installed what would you project annual revenues per system for maint, new software, and accessories to average? - at 10% (seems low to me since most computer systems are priced at around 25% of list price for annual support) of average sale price of a system maybe $10,000 per year or about $2M per year should be possible if a single person was focused on farming of the installed base.
Then how many distributors are there? - maybe 6 decent ones - each should be able to sell 2 systems per quarter when they have whole countries as territories = 48 new systems per year - I would think $5M would be a conservative expectation for indirect sales. Has Agora sold any systems recently? I would thing a country like Brazil should have the capacity of generating several million alone.
Then you invested in a another new version rock star for Major Accounts - he should be capable of delivering $4-$5M per year to justify his position since one might assume his sales would be lower margin but larger in size.
Then you have 3-4 reps (I think) that should each be expected to sell 5-6 systems per year to justify their position = $2-3M
Plus major partnerships are worth ???
I would expect the SALES team to deliver $15-$20M of annual sales which does not seem to be happening - why? Plus year over year there does not seem to be consistent growth despite the quarterly report stating they are in three potential growth markets (Page 16 of last quarterly) and have no direct competitor in the multi-screen segment (page 17) - so is the apparent lack of growth due to sales team, company characteristics, lack of understanding of the market, or lack of understanding of the competition? Or it is possible I do not understand company and my expectations are dead wrong?
As a shareholder, almost two years ago I took the traditional path of contacting company representative(Miller) and in my opinion that was not productive since he could only reiterate public info which I support - if he has any info it should be released to public - so now I post what I feel are reasonable assumptions based on the lack of any info hoping someday they honor us with basic communications even if only in a fluffy shareholders letter. Could going private be a potential strategy with the company valued at about $6M and at least $7M in potential business from the 2 PR'd opportunities?
Now that is insightful
You should have your own blog
The question was if someone wanted to sell a block how low would one have to go based on the lack of buying interest.
So two cheerleaders offer .04 or less.
So we agree if someone needed to dump a block in a hurry they might have to go .04 or lower - so now our opinions are aligned.
And any rational person could make the implication that you believe the stock is overpriced above .04
Like everyone you are entitled to your opinion
You and I have a different opinion on the performance of this company since Nov 2011
But keep the faith
I feel so much better since you know
Interesting since you are in the know, you feel no urgency to accumulate more shares and will wait patiently - guess you are thinking like the employees and management - no real reason to buy now
Guess you see no imminent event that would make investing at this time the prudent thing to do - are you looking for a 2014/15 payoff?
What would I have to ask to sell remaining 400000 shares as a lot, do you think .035 would get it done? How many shares you looking to accumulate?
Obviously the rational people do not include most investors, employees, and management since there are few buyers
If they were in your camp the stock would have some buyers at .0429 which is about 50% of where it was on Nov 2011
If that is progress I would hate to experience the lack of progress
So Sad - No buyers at the bargain price of .0429
I think it can hit a new low
Obviously PR'ing future contracts without any substance to when and how they translate to revenue has only resulted in a lower PPS
Since the major event in Nov 2011 this has done nothing good despite what looks like better financials
Since company does not appear to want to defend share prices I assume they are incapable or want the price to stay low as part of an alternate plan
Shareholders appear to fall very low on priority list well after executive salaries
No buyers at .043 - Plan is working to perfection
You must love this PR strategy where the cheerleaders have to scour the internet for any bit of positive news
Still no buyers at .045 - maybe next week if you guys can find something to post about a distributor, single system sale, or some event which should be maybe or somehow a reason a small police department should buy this better mousetrap that has so much internal conviction of wonderfulness
Must be a master plan to keep stock down
Priorities seem to be salaries and not shareholders
Even the execs or the PR machine do not seem to think .045 is a good value
This is the PR style that makes me ask "where's the meat?"
From the Miller Group recent press release dated 9/12/13 on the Miller Group website:
"Mr. Lerchbacker teamed with General Dynamics, Boeing, and Austal USA to win a $38 Billion contract to build Littoral Combat Ships for the United States Navy. He remains a shareholder of Austal."
How much was that $38B contract actually worth in terms of real revenue? - Lerchbacker left Austal in 2004 so realization of a large portion of that $38B might have been recognized by 2013 - so how does a $38B government contract translate to realized revenue
Contracts are OK but actual revenue is key.
Again remains a shareholder - is that meaningful almost ten years later? - to me it is as meaningless as saying I am a shareholder in any stock if I do not define how large the position is - all I would need to invest in VTSI is 5 cents (plus commissions) to say I am a shareholder
Does 5.3M in bookings = a guaranteed 5.3M in future revenue? Is the PR strategy a major contributor to the depressed share prices? Is it intentional?
I do not know since they do not divulge much info
Do you have a copy of this policy?
Insider trading policies against playing derivatives, selling short, and during quiet periods are standard business policies.
But prohibiting employees from INVESTING in their own company would serve what purpose? - just to make sure that the emperor is the only shareholder????
I would be happy to know if Miller has a position and how significant it is - but I feel I will win the lottery before he discloses that info.
Not to exceed $99M over 5 years and the stock sits at .045 - draw your own conclusions based on the actions of insiders
If they choose to not communicate that is the best you can do
I am sure there will be "news" to look forward to
Another distributor is news worthy?
Appears the company does not see it as new worthy - thank goodness they have the folks on this board to find and distribute news
How many systems does the average distributor sell quarterly? - my guess is less than one so that is maybe $70K at distributor costs which also can translate to compressed margins
Unless they are requiring a distributor to BUY demo equipment, get trained, and meet some sales goals I fail to see the significance of the agreement.
Keep reaching for "good" news but the reality is the stock is valued at .045 cents again and still no buyers.
Exciting Company!
Obviously I meant .045
.45 would not be pitiful it should be what we expect if the company was performing on a only couple of cylinders
A lot of hoping
But reality is no one is buying above .45 cents which in my mind is a pitiful performance
800K provides about 0.005 cents per share (if it falls right MAYBE you can round up to 1 cent)
They did roughly $9M last year so you are hoping for roughly 10% growth in sales but 800% growth in profits
Would need 20X to get to .10 pps versus a growth of 10%
If all that the existing sales staff at Virtra can generate in business is $10M then they really need to sell to someone that can grow the revenue stream better than 10% or get a new sales team engaged - this is supposedly a leading edge product so are they getting into enough opportunities (weak funnel) or are they in a lot of bids and losing a lot (low closure rate)?
Would seem that 10% growth should be provided by increased run rate revenues (maint contracts, upgrades to existing sites) as installed base grows.
One could argue that based on what we have been told they are selling roughly the same number of new systems or less on an annual basis to achieve a 10% growth rate - hardly something to brag about
In my opinion, if all the execs can deliver is 10% growth they need to rollback exec salaries
My guess would be a replacement
There has been zero communications indicating anything positive lately
Market says it is worth less than .045 cents currently
Seems like the only thing that goes up is salaries and maybe the egos of the execs that have in my opinion totally under performed
I see that as an obstruction not protection - everyone has a price and obviously the owners either have an inflated view of value (which they have not put any cash up to support) or potential buyers do not see significant value
Someone wants this %$*& to stay in 4 cents range
Who bothers selling $73 worth of stock at .0411?
If I were a customer, prospect or employee I would have concern - as a shareholder I have very large concerns that the ownership/employees/advisors do not see .047 as a compelling entry point with the supposedly major projects booked - seems to have an odor to it
Miller Group adds talent - another very senior/mature guy - oh boy!
Anyone know how many of these business still exist?
"America West Airlines, US Air Express, Capital Title Group, Inc., Bowlin Travel Centers, Inc., Sunshine Minting, Inc., McMurry, Inc., Ritz Carlton Magazine, DELSTAR Companies, Inc., NJOY, Telgian Corporaiton, and VirTra Systems."
Would think you could at least have Corporation spelled correctly in a press release. Of course, spell checking programs are recent innovations for someone that has a 40 year plus career. Social media is a passing fancy - who needs the internet - if you have a line card of old case studies you have credibility and can be proud.
Amazing guidance when the market cap of a company is less than the value of the touted value of the last major $5.3M contract. Maybe they need to SKID Less and get some financial engineering talent instead of a controller. Miller two year anniversary coming up - can he keep PPS above 4? At what price does any insider see enough value to actually buy some stock? I assume the competition sees them as a minor player and an insignificant threat or they would part with some pocket change and acquire them.
Ferris/Miller show the shareholders, employees, and prospects that the value is more than 4.7 cents.
Impatient - more like realistic
The market cap is approaching the value of the future bookings that they allude to - but where is the insider buying to support the future
Other than Ferris does anyone within company own anything substantial?
Still waiting for the great savior to disclose his stake in company - but that is something that will never happen - he is approaching 2 years on the job and stock is at about 50% of when he started - GOOD JOB!!!
Maybe the CFO could substantiate his PR's with a $4K purchase just as a sign of confidence that buys 100K shares
No one is buying the ancient PR strategies - need someone that has promoted a company in this decade
Who cares about the 5.3M futures that may or may not be realized - the quarter numbers were not good
Until they sell the company to someone that can leverage the technology this will stay at 4-5
Sales is the missing component - companies with inferior technology are out performing and selling circles around VTSI
Unfortunately they appear to be run as an engineering company and allow sales to habitually underperform
If I had any talent as an engineer I should would not bother applying for a position here.
With the restriction that the candidate be local, a stock at 4 cents, and leadership that one can question their ability to grow beyond a niche company based on a good technology but a suspect sales organization.
Seems like they could be limited to the unemployed candidates or engineers that are ready to retire in Arizona.
How does Ferris deliver any inspiration?
Sure seems like someone is trading on inside info.
Probably too small a company for anyone to investigate
Maybe earnings after close or in morning?
Does this translate to sales, PPS, earnings per share?