News Focus
News Focus
icon url

stormer

04/22/11 1:10 AM

#30999 RE: Portguyofva #30998

You have to give management credit for creating liquidity out of thin air here.

1. Allow pps to rise on news of Gander Mountain

2. Reverse and push down pps by dropping a 100:1 RS bomb with other proxy amendments that amount to shareholders giving away some power. State in the proxy that there are NO PLANS to uplist.

3. Keep pushing pps down by having a CC where management only hints at uplisting without committing themselves.

4. Allow a significant amount of time to pass with no positive PRs.

5. To rekindle hope, have an insider buy 45 thousand worth of now discounted shares.

6. Stomp on the PPS into the mud by postponing the proxy vote at the last minute.

7. Wait a day, and then dazzle shareholders by engaging a auditor, and stating plans to uplist.

8. ?????????

Not only have they created liquidity, I believe they have created a day trader's dream. Simple rule: what is good for day traders is not good for longs. That is why I am out. Besides, I was getting noxious on this roller coaster. Fun to watch though. I am not sure what it would take for me to buy back in.

*I won't buy back in should the stock take off, but I don't think that is a problem right now.
*I don't think I would buy back in if the RS fails, because then *I couldn't be certain that the uplisting plans where "the Reverse split is a first step" would continue.
*I am also not crazy about getting in after an RS either.
*I have since invested in other stocks and may never get back in.
If only I was a day trader.
icon url

berstein

04/22/11 5:22 AM

#31002 RE: Portguyofva #30998

Port:

"I'm not saying we won't see price dips; I'm actually hoping for some, but I'm not so foolish that I am going to bank on it, because there is a better chance that we won't see anything lower than where it traded yesterday."

It is this kind of double talk that I agree to disagree with you. There is also a better chance that we will see it goes much lower than where it traded yesterday post R/S. You can't have it both ways. At least I am certain that post R/S, it will goes much lower. Even the management themselves affirmed to prop the post R/S back up to near $4 if needed. My question to you is that if and when that happens, how much dry powder does our management have committed to realize this continuously until whenever they are ready to uplist? Would you as a diehard longs pump your dry powder to assist this management to maintain the post R/S at $4? The question is that these verbal thing from the management does not count. What if they elect not to do any of such? What other recourse do you have? And so what if it gets back to $4 and falls back to $2, you are at 2 cents pre-split. You pump in more dry powder then?

Be honest now, how many of you would put up $8000 for 1000 shares of this post split and it is still in the pink?? I think we should run a SURVEY on this board and find out.

For that money, I will put that into Apple or Intel or Cisco or something. You see, at $7-10 range, there are literally hundreds of audited Nasdaq(by the way, already listed for years and track records)listed companies there for your choosing. Why Virtra then? Even if we uplist successfully, no fund manager is going to look at something that has market cap of what...$ 11 million? At $4, the cap is half.