Here's what he said in 2011 about virtual cars (IDSY tech):
Virtual Car: This is where it gets exciting. De Shon noted that car sharing is still in its infancy, with less than 10,000 car-share cars on the road in total in the U.S.-which barely covers the fleet of a typical RAC airport operation. But the technology that allows car sharing to exist can be used in traditional car rental to automate and
decentralize the rental process.
Virtual Car is Avis Budget's program that can be best described as "automated car rental." The company is equipping a fleet of 2,000 cars to deploy in Seattle; it interacts with AB's Wizard reservations system. The virtual car has an installed computer with GPS, helpful in large operations to instantly identify whether the car is in the shop or on the ready line.
The system can be used to expand an RAC's local market presence. Imagine a few cars parked at a corporate campus in designated parking areas. Company employees can reserve a car using a smart phone, which can also unlock the vehicle. The keys are in the car. Mileage is tracked, and gas consumption is measured to the 1/10th gallon. When finished, the vehicle can tell you-nicely-to get out of the car before it locks the doors on you.
Regardless of length of rental-hourly, weekly, whatever-this could be a game changer. In the local market, you could have a centrally located brick-and-mortar mother store that manages a disparate fleet situated conveniently for different rental situations. "Now the local market store is anywhere you can park five cars," said De Shon.
De Shon's closing point was that there are some things technology can't replace. "Don't think that technology will do everything for the customer like The Jetsons," De Shon said. "Technology should be used to save time, provide consistency and allow the renter to take more control of the process. Don't overlook the unlimited potential of your personnel."
The Company further announced that its Board of Directors authorized an increase in the Company’s stock repurchase authorization to $26 million, an increase from the $12.5 million still remaining under its previously authorized program.
Key word - "to $26M". not an additional $26M
depends on where you sit. The execs have been making 7 figures and the BOD 6 figures for doing nothing.
This is nothing more than a looting of the treasury.
$26M is the buyback, not $45M. And they haven't bought back a single share this quarter and instead announced a $100M shelf offering
I didn't see Meyer's post that "turtled" me. His constant scrolling has forced me to put him and his many aliases on ignore.
no one is trying to libel and slander Hickman. His record speaks for itself. He libeled and slandered himself with his misdeeds.
what did he actually do that he pleaded down to? that's the real question
I was thinking you are more like Donkey from Shrek, rather than Tonto. You know, comic relief.
For the record, I want to punch Hickman in the face for repeatedly censoring my posts on SA. As such, I will torment him till the end. You're just his little sidekick
yes, Larry " the doosh" is censoring. The stock price has cratered and TAXI management is like deer in headlights. TAXI has also filed a $100M shelf offering to sell stock, debt, etc. So much for the "buyback"
no liquidity. If a 50K holder wants out, this is what happens. 8.5% yield at current price. Is a fund selling or is it insiders again? So far Hall has not sold. Insider trading window end on the 23rd.
Card certs are at record levels. Coins have slowed down.
getting into compelling value mode here