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Re: gemmerling post# 9475

Friday, 09/17/2004 9:22:07 AM

Friday, September 17, 2004 9:22:07 AM

Post# of 53800
Greg

This is without a doubt one of the most misleading statements I have ever seen!!! Please do not become the Greg "Dan Rather" Gemmerling.

Equities traded through VisiTrade, Ltd. include those of most of Wall Street's most liquid companies, including Mattel (NYSE: MAT), May Dept. Stores (NYSE: MAY), MBIA, Inc. (NYSE: MBI) and VirTra Systems (OTCBB: VTSI).

Liquidity is an indicator of the extent to which a company can pay current liabilities without relying on the sale of inventory and without relying on the receipt of accounts receivables. The formula is Cash and Cash Equivalents divided by Current Liabilities

The emphasis in the bolded statemment is most as VTSI is far from liquid and as we know from their SEC filings cannot meet their current obligations. Visitrade has the audacity to put VTSI an OTCBB company with 3 NYSE companies - amazing.

Mattel - NYSE - Revenue $5B 12/03 and $1.2B in cash
May Dept Stores - NYSE - Revenue $13B 1/04 Revenue and $564M
MBIA - NYSE - Revenue 12/03 $1.7B and Cash & Short Term Investments $1.2B

Now VTSI as of 12/03
Revenue $1M
Cash $27K
Current Liabilities $9.6M

This is a trick of promotional companies as they lump an OTCBB company in with established NYSE companies and people get misled IMHO.

I realize you search and post items on the thread regarding the company. Faith is one thing but blind faith is something else.

Take care







These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company

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