bocamp1, thanks. Its not surprising there is no forward guidance in #s or anything else. Ma really must watch what he says. I suspect that anything about new products/agreements/approvals will come out of the blue with no forewarning.
The cash is good since it gives vaso time to keep on growing and trying for more eecp approvals.
BTW. I apologize to you ( and to anyone else appropriate ) in regards to my position on a stock buyback. It appears Ma agrees with you. The key factor is whether or not vaso now has enuff of a cash hoard to guarantee its existence for the foreseeable future and still be able to buy back stock. As a matter of fact, if vaso continues to generate cash ( and increases the rate ) it might be appropriate for vaso to extend the buyback past the initial amount, especially if the stock price stays so low.
Hey pj, not much to report. Ma doesn't give the best CC, and there was no forward guidance in terms of #'s. He expects eecp to do better and did answer one question on that article about full capacity of production there. He basically said they are not at full capacity but are filling all orders; no cancelations. They could ramp up at anytime(my interpretation).
Volume has just dried up. We need a short term catalyst, and although many possibilities, its "show me" time. Big cash positive is so unique for a penny stock. Add the buyback in and I cant remember in all my years a similar positive situation for a penny stock.. And yet, we need the equipment side to kick in at the same time as the GE side.
Long base will continue until news of insurance or new GE products or new GE type agreement with another company(Seimans), or FDA trial, or ..............
I was not available to hear the CC. I am a bit surprised there is only one post in reaction to the CC. Did anyone else listen and are they willing to post a summary and their own assessment?
I'm guessing there was nothing big since the stock is trading just as before. Not surprising. It is going to take time for management to perform sufficiently to move the stock.
I agree with those that see little risk with vaso at the current price. The buyback and steadily increasing fundamentals should eventually increase shareholder value. Of course, the real kicker would be greatly increased sales of eecp and/or new approvals for eecp. If I can come up with a few thousand mad dollars I may add to my position.
So frustrating, I know as soon as I get out of VASO it will skyrocket. I have never been so stubborn with any other position in my life and I keep adding to it.
Sentiment: Strong Buy
Strong cash position.
As mentioned in the cc a "bullish" forecast for the non EECP equipment side.
Emerging markets opportunities, a share repurchase program that just begun, an increase in sales of GE products which should conduce to higher commission rates at the end of the fiscal year...
but nobody cares. overwhelming volume today. what the hell has to happen to bring this stock back to the mid 0,20`s??
the first quarter makes me believe this year is ending up in profitability but mr. market still ignores.
there are other stocks generating losses and are trading significantly higher.
Sentiment: Strong Buy
So far I only see the company buying back shares on the Bid, they need to step up some buying on the Ask.
By next year VASO should be in much better shape, CMS should get a new head. CMS is the key for EECP Sales increase.
I agree re: risk at this price. That is why I increased my stake in the last couple of weeks. With this kind of volume we've had in the past couple of weeks it's hard to believe that in that period 300,000 plus was bought back. By the was thanks for your repeated posts re: buyback that finally got Ma to initiate program
Earnings should provide a little lift. GE kicked in, just as EECP should next Q on delivered product. Real value RIGHT NOW is increasing cash position representing over 1/3 of market cap and byback. So far, less then 80,000 dollars spent. ANd we have a total of 1.5 million on buyback. I just don't know why anyone would short this thing. Buyback, cash, and GE are the equivalent for vaso stock of the FED put under the market. Hate waiting for BIOX and EECP, but little risk here at this price.
In retrospect, the new listing and MM is a negative. MM is shorting whenever stock looks to breakout. Stock traded much better before this listing. A little volatility would be nice.
If one can wait.....................great buy and for a penny stock, not a great deal of risk.
What would Vaso followers consider a good quarter for earnings? An Okay quarter? A Poor Quarter?
I would be ecstatic if we were north of $15,000,000 for the quarter.
Green Mountain Guy
Strange trading. Very large tick(75k at .182) just now as offer is still at .18 for 10k. Now small done at bid at .175. Great manipulation here but to what end. Earnings should tell. Looks like accumulation on this long basing pattern about to end.
While I was typing in my last message the volume jumped from 67k to well over 200k. The price did not follow.
If you believe ' Volume before price " maybe something good will happen
paul, good observation.
stop losses are a 2 sided coin. They are used mostly to take the emotion out of selling by automatically triggering a sell when the stock drops to a preset price. However it does not guarantee that price. It turns the stop order into a market order when that price is reached. Then the price received will depend on what market buy orders are present at that time.
That doesn't make much difference for heavily traded stocks since there are many takers at the stop loss price or close to it.
But for a thinly traded stock, especially for a very thinly traded stock like vaso, triggering a stop loss order can dramatically drop the price in a few seconds. It almost always recovers almost immediately but now the market order ( which the stop loss order was turned into ) will have already been executed at a low price.
Some traders watch some stocks very closely to see if a number of stop loss orders are lined up and they SELL into it to trigger the first in line and that sets off a downward chain reaction with the lower stop loss orders. Of course they also put in buy orders at the ( now artificially) low price to get some shares cheap. Then, when the price recovers, they sell for a quick profit.
Use stop loss orders on stocks like vaso very judiciously or not at all.
Why wouldn't a market order give the seller a price in the 18-cent bid range? Surely everyone waiting with bids over 80% higher will dispute someone getting an order filled at 10 cents.
Sentiment: Strong Buy
Lets keep our fingers crossed. I have seen this where they want to take out any stoplosses and then go much higher. I can see 25 cents in our future soon based off of revenue growth on our main EECP equipement side.
There was one trade at .101 for about 6800 shares this morning. Whoever sold must have put in a market order which is not smart for a thinly traded stock such as is the case with vaso. They deserve to get an artificially low price for their 6800 shares.