I think the odds of GV picking up another significant contract are maybe 50-100 times better than you could get on Roulette or Slots. Look at the money being pumped into the sector. GV's proactive and outright aggressive actions to position themselves to get a share of that wealth. You are correct about GV's history, the 20 year chart and archived PR's show it. However, they have not just been breaking the mold, they are smashing it! Patience here will be rewarded !!!
unless GV picks up a significant contract like STEC. The backlog is attractive but mostly MSA business which isn't going to set this company on fire. Biggest problem with penny stocks is that little happens between quarterly earning announcements. I have owned a few hundred shares for years but have seen very little happen other than the price spurt a couple of years ago only to see it rapidly fizzle out. Foolish to invest in too many shares of a penny stock which is similar to burying money in a can in the back yard. The local casino may even be better. I'm only holding because it's play money and not serious investing which dictate index funds.
In retrospect, it may have been a tactical error. Why own 10.1% with 'Insider' restrictions when you can own 9.9% without any requirement other than filing a 13D amendment on transactions.
Could be, but if they knew something good was coming they would be buying alongside the CEO rather than selling. I think its probably an innocuous status change so they don't have restrictions and blackouts.
It also speaks of Boston Avenue being pleased with Mgmt vis-a-vis backlog ramp, revenue growth....
I don't think so. It occurred right after the CEO made what appeared to be a partial purchase, 11/19 and 11/20. I think that stopped short when he found out that Boston Ave was selling. Ellbar (Boston Ave) started selling on 11/20. They may have even been the seller on some of the shares the CEO bought.
I think when the CEO saw the Form 4, he decided to hold off on buying more shares, thinking a large sale would push price down.
Insiders are prohibited from trading if they possess material non-public information. Maybe that's why Boston Avenue wants to be under the 10%......
Maybe THEY DO now have an inside scoop, maybe about some near future event, & plan to sell on a possible run-up. They missed their chance first time.
To expound on that, when they split the shares into two lots of approx. 4.5% and 7.5% S/O I thought that was so they could sell the 4.5% lot quietly without filing a 13D amendment.
I am stumped, really,.. I started this thread , under Celeste's handle. she had been using my computer. I can't think of any advantage for US !!
My question to you is what would motivate Boston Ave Capital to be under the 10% threshold of 'Insider', if you think there is one.
I couldn't tell what you meant in your first reply to this thread.
I'd have liked to have seen what would have happened if there had been a hostile take over attempt!!! Every shareholder got a Fed Ex delivered letter, The company officers were working the phones calling all shareholders, and the BOD passed a poison pill. rr
I think the most accurate description would be a proxy contest, on some compensation metrics. But staying with the point of the recent sale.....is Boston Ave (or whatever they're calling the entity that owns the stock) selling just enough to be under the 10% insider threshold, for a strategic reason?
Hostile takeover attempt? Are you talking about E-Raider? That was not a hostile takeover attempt, nor has there been one since I've been following this company which goes back two decades....