they come back as the shares approach 50 cents, the momentum gets going, shares go to 55 cents, then they back out. you need to buy on the way down, be patient, let the sellers come to you. these past few days has simply been tax selling - someone was nice enough to give me some shares yesterday at 42 cents.
just be patient, take more shares when someone really wants to get out and is willing to part with their shares at the bid. no reasons to pay the ask when volume is so low.
as things continue forward and company continues posting solid results and continued profitability, the volume will come back and shares will move higher. for the time being, again, need to have patience.
as has been mentioned here, LTS is a good comparable, and NHLD is much better on most all metrics and certainly undervalued.
I'm guessing we should get a January bounce as the tax selling is about over.
I believe that today was the last day to sell shares as settlement for trades today is Dec 31. Sell on Monday and settlement is in 2015 - i.e. will not be included in tax statements from your broker.
Merging with UPI. UPI is currently undervalued based on exchange rate...valuing each share of VSCI at 60 cents. I nibbled on UPI and will nibble more through year end if pricing is still out of whack based on exchange rate.
Your taste for risk over these past couple months has been more than mine and your returns may be better as a result.
Even in the worst case, since you unloaded the ATEA up in the high $2s on the last pump, I don't think you will get hurt - you've already taken profits. Could easily see a bounce to the $2. Worst case, it spends a little time in the $1.00 to $1.20 range as it fights to stay above $1.00.
insider buying since Thanksgiving, balance sheet is not terrible, CEO owns a nice chunk, low floater, turnaround is happening, buyback in place.
I will start nibbling tomorrow in .80s and then lower if I can get shares.
Jenny Yu votes with Wise - she is a colleague of Wise's. If you read some of the prior propaganda, Yu was asked to attend board meetings by Wise, but Frank had issue with that since she is not a director and claimed information being discussed was "confidential". I believe Frank tried to claim that Yu's holdings was actually causing the situation which he was arguing to the court in that Yu + Wise was over 20% and they were essentially a "voting group" because of their relationship but didn't claim to be...essentially a way for Wise to control more shares though not directly attributed to his ownership.
Frank knows that Wise will carry sufficient votes - that is why he is going PR insane these past couple weeks.
Morgan is also a dissident - currently a director as well.
As far as the incumbents and the number of shares held - go pull up the 424B3 from April and jump down to page 6 - it shows how many shares each owns as of that date. The amount you have for LaGrange is what is shown in the prospectus.
"What I don't understand is why LaGrange et al doesn't just buy the outstanding shares and take this private...the amount of money is tiny, in relative terms of public companies"
LaGrange or Wise? I could see either buying the whole thing.
"I would've bought shares today but no size was on the ask so I didn't bother chasing it."
I noticed same when I was jumping in past few days. Very few shares bought or sold can move the prices quickly. While the sellers were pushing down, I'd pick my price, then just watch it slowly fill. Happy with those prices now, but would really love to grab a nice gob of shares in the 70s.
don't be silly - we all want the right outcome and would be kicking ourselves if there were some technicality like this that negated the effect of our votes.
you're welcome to call and ask specifically about the scenario. call during business hours and they answer on the first ring.
the rep told me if you submitted multiple proxies the last one received would be counted. it says as much somewhere in Terence's pamphlet that if you had already voted the white, you could still vote the gold after. implication is that only one will count.
broker non-vote probably comes into play only if you do not submit either the gold or white proxy.
"We anticipate that shareholders would foot the bill for Mr. Wise's hostile proxy campaign, which as of two weeks ago was already approximately $250,000 solely for proxy expenses. Mr. Wise has four different teams of Skadden and ex Skadden lawyers working out of their New York, Palo Alto and London offices on his proxy campaign and related litigation so we expect his expenses will be a multiple of that reported amount. Don't risk getting stuck paying Wise's legal fees!"
But Frank, how much shareholder money have you spent on attempting to prevent Wise from even nominating anyone from the director vote? I believe that last quarter alone it was about $300,000 - no? How much more this quarter? How much this year? How many times did you go to NY courts filing lawsuits? How much in legal fees are you personally racking up for the company? In defending your positions are you spending your own money or shareholder money? You are a bloody hypocrite.
Your continual flurry of bogus PRs is what is a distraction. You sound like a little kid whining to his parents. Give it up - let shareholders have their vote and decide for themselves. If you wouldn't have been a jerk from the beginning attempting to control the board as a personal rubber stamp, you might not find yourself in the situation you do today.
Yet again, you do not address any of the issues and look to distract attention into left field.
What are you day trading today with our money? Markets are at all-time highs - how is it possible to have lost 50% and collect fees for losing it? Any bonehead could have put it all in a low cost index fund and made 50% over the past two years.
Why has ISS endorsed Wise and not you, the current board, and Garrett?
You are pathetic Frank and your days are numbered. Quit spending our money.
market maker playing games throughout the day. it's a tough game.
I watched the Level 2 quotes and trades very carefully...I've seen market makers in other low float/liquidity securities I own do the same - I think he has some automated function that lets him sell 100 shares at the bid every 90 seconds. I watched it during the last 90 minutes of the day as he whittled down a 2000 share bid at $2.71, then pushed them under $2.70. as he was beginning to hit bids at $2.63 I stepped in putting my bid at $2.70, I got a few shares at $2.69, then he jumped it to $2.71.
I'm guessing he might make one more attempt to push shares lower before Jan 1. I will buy more...I will play if he wants to.