Ritt did a 1:8 split in 2008-09. MSTX did a 1:25 split. Big difference. Also RITT has real products and they are selling. Let's see, MSTX has how many products in the market place now? Oh yeah. I keep forgetting. They're a "start-up" company with nothing for sale…. and have been for the last 10+ years.
Comparing MSTX with RITT is as dumb as comparing MSTX with DEPO. And speaking of DEPO……
~Sorry Quick, I will always defend your right to wishful thinking, but I don't have to be wishful about MSTX. Free…… free at last.
Interesting that the report gives the top of the range at $1.93.
Truthfully, I took some profits at $2.07 today. Not sure how this stuff gets calculated. Oh well. Am still hanging on to a good #. GLTA
~You may be angry at what Sam has just posted. But it is true. MSTX did a 1:25 R/S.
~If you do not know that, you should not be trading stocks….
Promoted Motti Hania to President and CEO in January 2014
Raised $6 million in a public offering to increase global sales and marketing efforts for IIM and Beamcaster solutions
Appointed industry veterans as new country managers in China and South Africa
Secured several large-scale deals in Latin America with OEM partner, Furukawa Industrial, S.A. (FISA) totaling more than $1.8 million
Increased industry presence through leading, global information technology conferences, featuring the PatchView+™ IIM, and advanced cabling products
“We achieved a number of important operational and financial milestones in 2013 which helped advance our growth initiatives, said Mr. Motti Hania, RiT’s President and CEO. “Over the past year we expanded our distribution network, and introduced Beamcaster™, our new disruptive optical wireless networking technology. We grew revenues, improved gross margins, reduced our losses and raised capital strengthening our financial position.”
“In 2014 we will focus on advancing our new Beamcaster™ and PatchView+ product lines and growing sales while implementing cost efficiencies to reduce expenses and improve margins. The initial market indications for Beamcaster have been encouraging and we remain confident that a significant long-term growth opportunity exists, on a global scale” Mr. Hania concluded.
ALL OF THIS IS FROM THE SEC FORM 6-K PUBLISHED YESTERDAY.
Guess I can't interest you in buying some ANX/MSTX can I?
Are you loving this RITT? I jumped in at 1.71
~this thing is going to the moon! Good luck man!
No prob Springfield! I saw your post over on RITT. This thing is just heating up. Have you checked-out the one month chart, the last quarterlies and the volume? Got to love this new volume. GLTY!
No DJW. No questions.
However, I consider my suggestion that they buy RITT a gift.
A lot of due diligence has gone into this.
~The technology, they are selling product in a HUGE way. The REVs are WAY-UP.
~The trade volume is just warming up and this is an excellent chance to buy into an international company who is cutting edge in IIM technology.
~Am I wasting my time making this suggestion? No. why?
Because I love to see people make money and i've had some recent great success. Why not share it?
~If people don't want to listen, that is their choice.
Yes, this is a pump. But you will thank me later.
RITT is now trading at $1.98.
~Next resistance is $2.26.
~Do it or regret it later. GLTA!
As there are so many id's and aliases…..I'm not even sure as to whom i'm responding to here.
~That being said, I'm absolutely flabbergasted at the acquired gains from FCEL before reality hit the lemmings and the shorts took them to school.
~RITT will be the next HUGE run-up. Now at $1.91
~If you wish to catch a great wave, buy it! If not, practice saying "If only I had listened…"
….and I did. Here is a suggestion if you wish to make a great score on what will bring excellent returns:
RIT Technologies (RITT)…
It's an international company trading in the U.S. (Headquartered in Israel).
The company has worldwide customers and is leading the way into the IIM future.
It is heating-up fast and it closed yesterday at $1.88…
Is this a pump? Sure. But you'll be glad to have jumped on board. Do your own D.D. (RITT)
Ahhhh, the enlightenment of the downtrodden is endearing.
Years of my ranting at deaf ears has been bettered by cold hard facts. If it looks like krap, if it smells like krap; then, it MUST be MSTX.
Do your own DD. GLTA!
Do your own DD. GLTA!
Fourth Quarter 2013 Revenues Increased 42.1% to $3.0 Million; Full-Year 2013 Revenues Increased 32.5% to $11.2 Million
Cost Reduction Initiative in Place to Reduce Expenses in 2014
RiT Technologies Ltd. (Nasdaq:RITT), the leader in intelligent infrastructure management and the developer of an innovative indoor optical wireless technology solution, announced today its unaudited financial results for the fourth quarter and full year ended December 31, 2013.
Highlights for the Fourth Quarter 2013
-- Revenues for the fourth quarter of 2013 increased by 42.1% to $3.0 million, compared with $2.1 million for the fourth quarter of 2012
-- Gross margin for the fourth quarter of 2013 improved to 8.6% (including inventory write-offs of $0.6 million), compared to -6.0% for the fourth quarter of 2012 (including inventory write-offs of $0.8 million)
-- Net loss for the fourth quarter of 2013 (including approximately $240,000 in stock-based compensation expenses) was $3.3 million, or $0.30 per (basic and diluted) share, compared with a net loss of $2.9 million, or $0.44 per (basic and diluted) share in the fourth quarter of 2012 (including approximately $46,000 in stock-based compensation expenses)
Highlights for the Full Year 2013
-- Revenues for the full year 2013 increased by 32.5% to $11.2 million, from $8.4 million for full year 2012
-- Gross margin for full year 2013 improved to 30% (including inventory write-offs of $0.6 million), from 16% in 2012 (including inventory write-offs of $0.8 million)