hence my statement that it in an illiquid stock. the avg volume is like 100K shares when you throw out those crazy 30M share days. Yet, he counters that by saying but the avg is 1.5M
apparently, Knight had an opt-out clause in the 2 yr deal. They opted to stay. A PR is needed for that?
Does WalMart have an opt-out clause? Why would IDSY have agreed to an opt-out clause? What is in it for them?
I think they have started some VMS stuff with recurring revenue. Look at their presentation. Don't they have an option for $45/month? Powerbox is $45/month for 60 months.
I think there is incentive for short term stuff from management if all their incentives are tied to PPS. Should be 50/50
Their compensation is egregious based on the share price performance. They should all resign and have their compensation clawed back. Stop the insane buyback and increase the dividend!!!! Buybacks only line the pockets of insiders who are selling their free shares.
It's all there in the SEC docs and prior PR's.
WMT went from a 2 yr $7M-$10M deal (midpoint $4.25M/yr) to a $13M-$14M 3 yr deal (midpoint $4.5M/yr). WalMart had 2 months remaining and still renewed at a higher rate. IDSY stated comms prices are down so that implies a big app price increase.
Knight had 1 yr left on their deal and still renewed. Even stated they added stuff. Why would they renew if not to add stuff?
The difference is Norm Ellis.
I don't care about short term price movements. Higher revenue will get a higher share price.
here is a little know fact about Knight. They renewed for 2 years last year. So why was there a need a renew now, only one year into the 2 year deal? They were sold new stuff at a higher rate. Norm sold them new stuff. Just like he got WalMart to renew 2 months earlier
last yrs news:
KNIGHT TRANSPORTATION EXTENDS CONTRACT WITH ASSET INTELLIGENCE FOR VERIWISE™ TRAILER FLEET MANAGEMENT SYSTEMS
Woodcliff Lake, NJ, and Plano, TX, October 10, 2013—Asset Intelligence, a leading provider of M2M transportation asset management solutions and a subsidiary of I.D. Systems, Inc. (Nasdaq: IDSY), has executed a two-year contract renewal with Knight Transportation, Inc. (NYSE: KNX), one of North America's largest truckload carriers, to extend its deployment of VeriWise™ trailer management systems. A mix of VeriWise solutions—including VeriWise Track and Trace, VeriWise Dry Van with cargo sensing, and VeriWise Reefer—is installed on Knight's fleet of dry vans, chassis, and refrigerated trailers. Knight operates a fleet of approximately 9,000 trailers and has been an Asset Intelligence customer since 2000.
he states: The real business of the car rental business, after all, is selling used cars.
Avis has the same issues. They have overstated the value of their fleet by billions of dollars.
i'm still waiting for a useful post from you on cdti.
the BOD had less than 70K restricted shares. They had maybe 200K options but many are at higher prices. So any selling we have seen is not the ex-BOD