Another red flag:
8) Wasting precious capital on worthless advertising, like that NASCAR ad campaign.
"... Who is your partner? Netayanhu?"
Low blow! That is the worst possible insult in the world. Only the GOP deserves that honor. Nobody on this board deserves such an insult.
"...The Accounting issues have been well document by the company in their filings."
Correct. And rather than fix their accounting problems like any ethical company would, they just "document" the fact that they have broad accounting errors year after year. Another red flag. Thanks Frankie!
7) Gross negligence in accounting.
Late/inaccurate filings, yes. Part of their accounting problems. It could be included under # 4, but worth mentioning in seperate line item.
6) Late SEC filings and inaccuracies within those filings.
Another big one.
5) Paying stock promotors like Vista, who report baseless DCF analysis in an effort to pump the stock to $12.
I'll get it started:
1) Company has no profits but already valued at $4 million per employee.
2) Website is almost dysfunctional
3) Successful conversion rate of pilot programs into actual sales has not been established.
4) Accounting systems need major overhaul.
Good points. The 30 odd employees is another red flag which never gets discussed on this board. Right now, the company is valued at over $4 million per employee.
The PR they released never suggested that they would be webcasting their presentation at the Roth Confetence. However, the fact that they choose not to webcast their presentation, while over 200 other companies at the Roth conference opted to webcast theirs, leaves a really bad taste in VUZI investors' mouths. I don't know if they are just cheap or if they simply have a blatant disregard for retail investors. At least they decided to release the slides that accompanied the live presentation. You can find them at the VUZI corporate website under the investors link -- assuming you are lucky enough to be able to download the website without errors. Good luck.
I'm just here for the enterprise market potential. I agree that the consumer market is not even worth pursuing. These no-name companies always get steamrolled by the name brands. The odds are 1 in a million that Vuzix will be the next APPLE. If I wanted to bet on those odds I'd buy a lottery ticket. It makes me sick to watch this company spend good money on NASCAR ads. Throwing money down a rat hole is probably not what Intel had in mind either.
I agree. Been saying same thing for a while. They need to upgrade their website to make it more user friendly. One of the worst I've ever seen. Slow as molasses, and half the time doesn't even download the page you request. I would be embarrassed if I were management. It doesn't look good for a high tech company to have a terrible website. Appearances do matter.
Well, this was a nice sell above $7. In fact, still a nice sell above $5, for those who know how to interpret red flags and not let their affections get in the way -- like MG. I have no sympathy for those who ignore red flags. You go ahead and lose half your money now. I won't stop you.
"Facts make bashers look really dopey"
To which facts are you referring? The facts that Paul pays Vista to make up out of thin air, and then distribute over Yahoo finance in a fluff PR? Those facts?
"No need to talk, no need to touch..."
Ah, the ideal spouse.
You don't have to pump. Just leave it to Vista to do that. That's what they get paid for. I wonder what Psul is paying them? Maybe I'll call Paul and see if I can get on his payroll myself. Then you and I can be best friends. Would you like that?
Here is the quote from report about valuation :
"We employed a discounted cash-flow model to arrive at a fair value estimate for Vuzix of $12 per share twelve months from now "
Okay, this is just freaking hilarious. Common DCF analysis goes out at least 5 years. You're telling me that Vista can see, with precise accuracy, 5 years into the future -- while Paul Travers is hesitant to provide hard numbers even 6 months out? LMFAO! This is how scam artists like Vista work their magic. They invent some fictitious DCF model based on numbers pulled out of thin air that the CEO of Vuzux won't even dignify with a response, and presto -- Vista pulls a $12 price target out of their butt. And you guys are falling for this con? This is the same junk that comes in your mail from time to time, from some no name "analyst" telling you to buy some penny stock before it goes up 1,000% in 6 months. Then you read the disclaimer, see that he was reimbursed by the company or third party shareholder, and then you throw the report in the garbage.
Let me guess Bolles, you bought in the $2's based on Vista's independent deep-dive research. Lol.
FYI, this company was headed toward bankruptcy prior to the Intel partnership. Only a moron would have gambled on a bailout of a bulletin board stock that loses millions of dollars and not enough cash to survive. Without Intel, this stock goes to $0, and that is fact. Not speculation. Paying $3.50 for this stock WITHOUT Intel is absolutely insane. Take away Intel and I wouldn't pay $1 for what's left.
Good objective commentary, surrealskiller. I think Vuzix's connection with this Vista stock promoter is a negative for shareholders. A red flag for any experienced investor. I can tell who's been around the block with microcaps just by reading the posts on this board. It makes me sad in a way.