those who have hidden agendas, is something to avoid at all costs. On the one hand, pjv...., bobshfl, kidecar and many others who have verbalized with varying levels of 'honesty' here over the last 3 years, all hide behind the veil of yahoo anonymity, refusing to opine in the light of day and risk their identity to the scrutiny of the light of day, lest their true agendas be revealed.
On the other hand, I make no issue about full disclosure, my identity and agenda.. and leave it up to the reader to consider that level of 'honesty' in weighing what is said here.
I look forward to the day when those who rant and rave, tease and mock, and generally show their lack of class and outright ignorance by their own statements and misstatements FINALLY are proven to be the fools they are.
Until then, to you who might find these pages in an honest effort to assess the investment risk / reward represented by the shares of Vendingdata, let me state the following:
I have high confidence in the immediate and longer-term future of the company as a shareholder. That same confidence applies to the management and employees of Vendingdata.
I agree with you that VNX longs should sell for $2 per share. For those unfortunate enough to have an average cost in excess of $2 per share, taking a loss is difficult ( http://en.wikipedia.org/wiki/Loss_aversion ), but selling a share of VNX at $2 instead of $1.50 is just as good as selling a share of some other stock for a 50-cent greater gain.
Consider two people, each considering the sale of a share of VNX stock, one person having a cost of $1.50 and the other having a cost of $2.50. The person with a cost of $2.50 will keep more of the sales proceeds because of income tax and should be a little MORE inclined to sell, not less.
Volume is your friend...
If you're long and hoping to sell VNX.
The average daily volume for VNX is somewhere around 4,000 shares when one removes days where large blocks of stock trade like two days ago.
If you are long this stock and hope to get out it is in your interest to sell when there is volume which is what we're seeing since the large block of stock sold. Once the stock settles back down to its normal trading patterns it will be very hard to sell your stock without the market maker taking advantage of you.
IMHO, now is the time to sell your stock while there's liquidity. Sell today while there is liquidity or you'll get nicked trying to do it in the future.
True but look at it this way. He keeps blabbing about agendas and stuff. Now the only agenda I have is the same as his.
He is so full of crap with his investors and his buying and everything. This was an announcement that he could have used to bring all his investors to the table and he didn't. Same thing with Charlie and the rest. They are both nothing but talk. No knowledge of the markets, investing or the gaming industry.
I'd be reluctant to risk trading this stock on the upside. I wouldn't be surprised to see big sellers use every opportunity available to unload their stock. This would not only put a ceiling on any rally, but more likely cause any rally to turn into a loss just as we're seeing happen today.
I would guess the big holders are no longer kidding themselves about VNX's future. They know the stock is heading to zero and will use any and all strength to get what they can.
Take this for what it's worth. No guarantees but just my best guess on how this stock will trade going forward.
".... On the other hand, I make no issue about full disclosure, my identity and agenda.. and leave it up to the reader to consider that level of 'honesty' in weighing what is said here.
You have had this ID since 3/21/2000 ...
So SIX YEARS LATER, after you got busted asking a dumb-assed "fluffer" question during a VNX CC and a poster on this message board correctly guesses your name, you decide all of a sudden that you are going to be "Mr Full Disclosure".
If you are SO "up front", why still bother with a none de plume any longer? Why not post under your real name, Hank? - or at the VERY least put you name in your profile - in the interest of full disclosure.
Typical Cberry bullshit. Bullshit, pure and simple.
You infer that you have class - but you show none, that you are 'honest' but you make false promises, that you have an insight into the inner-workings of VNX...but....
The REAL TRUTH is ...
You reply to factual SEC document quotes with inuendo - never counter pointed facts, try to offhandedly explain YEARS of consistant losses at VNX with pepetual promises that "VNX will turn profitable *next quarter*"
Your are promises are empty, your soul is empty, and if you don't get out of VNX (if you are actually still in it at ALL any more), then your brokerage account will be empty too.
So you can "look forward to the day" when you are FINALLY proven right - but don't expect to ever see it. Maybe you will be proven "right" with some other stock, but NOT with VNX. Sorry Hank. It ain't gonna happen.
I can only hope that you are NOT heavily margined on your VNX investment - if it exists. I went down that Margin trail of tears in 2000 and would not wish that on anyone - not even a foolish man like you.
Are you really so childish as to talk like that?
Well, perhaps, but its a sad comment indeed.
For your information son, you're in no position to criticize from underneath that rock you hide behind.
Throw gravel if you wish, but you have a few things to learn left in life.
Not only are you sorely under informed about those whom you criticize, but are in for a few surprises to enhance your educational process.
Now apologize to your parents for being so inappropriate, wash your mouth out with soap a few times and reconsider your utility value here on earth.
Then assume the same position that your GPIC is enduring right now, and brace yourself, because its going to get a lot worse!
Oh, and best regards to one of my favorite earlobes!
CBV I have one question and that is how much money does this company have to loose per share and the total financing problems/dilution before you loose faith in the ability of current management to turn this thing around. We all have our limits on what our tolerance for the loss of our investments reach before we bail, especially with penny stocks, what is yours?
First let me say that your question is most reasonable, and I intend to answer it. Secondly though, I believe that given your original reason to have become a significant critic of Vendingdata... so very long ago, deserves to be admitted to. Failing to be honest about your 'point of reference' to this company, has been (in my opinion) but hopefully will not continue to be, a reason for readers to discount your 'agenda', as they do so many others here.
Having said that, I admit that when I first started investing in this company, I was sadly under-informed. As it soon turned out, the capability, statements and veracity of the old management was indeed far from what I'd been led to believe. When Mark Newburg 'inherited the wind', that he faced far more severe issues than most, would be the understatement of the year. Trying to 'turn around' a company that had so little going for it as Vending did at the time would be a challenge few would relish, let alone envy. If you could be in my shoes, and have seen the process unfold since Mr. Newburg arrived on the scene, of bringing value to an otherwise nearly devastated company, I believe that you would not ask the question in the way it is posed.
'How much money does this company have to lose' is I believe the way you put it, in reference to loss of faith etc. Well, I measure my 'confidence' (faith is for church) by what I see actually being done. That you and I don't share that confidence is because of difference proximities and points of reference to be sure. I respect yours, and you dont have to agree with mine.
I happen to be of the opinion that the current business plan is very well conceived and being executed very well. Would I wish that evidence of that statement were more visible and on a faster timetable? Of course!
To conclude, I repeat what I posted earlier today about confidence in the people that are executing that plan. If I didn't have that confidence, then I'd not waste my time or yours corresponding.
<Until then, to you who might find these pages in an honest effort to assess the investment risk / reward represented by the shares of Vendingdata, let me state the following:
I have high confidence in the immediate and longer-term future of the company as a shareholder. That same confidence applies to the management and employees of Vendingdata.>
To those who might find these pages in an honest effort to assess the investment / risk reward represented by the shares of VendingData, let me state the following. Cranberryvino has been saying the same crap for at least the past 2 years.
It's all documented in this message board. Do you own DD and good luck.