actually, quite a few have but that's beside the point
Mental exercise - Just think if INVE was UP 62 cents today and closed at 12.79 and then someone told you......"Psst, INVE is going to raise a whole bunch of money tomorrow by selling 2mil shares at $15 each!"......We'd all be excited as heck and happy that the company coffers would be full and that the stock would likely be north of $15 within days.
Bottom line....The majority of investors/traders are stupid. 10% of the investors/traders make 95% of the money. Reminds me of the old joke, What's the quickest way to become a millionaire in the stock market?......Start with 3 million.
Cheers all, better days ahead.
Apply the same PS today and VTSI would be 75 cents.
VirTra market cap more or less same today as 9 years ago.
VirTra sales and earnings have gone up 8X in 9 years.
Something tells me we are in for a beautiful multi-year run in the stock.
Thanks, that sounds much more likely. So even with 158mil shares today we are trading at a much lower market cap even though the company has much better revenue, earnings, and balance sheet, and credibility with audited numbers and better processes and higher end customers. I think we hit hopeful's price targets in the 30 - 50 cent range.
HTCH shareholders were smarter/tougher than this. HTCH is being dragged down with all the other small caps and no one even cares what is happening with the company or their businesses. This is what creates opportunities for investors.
On the recent rise in early August following the Aug1 earnings release, HTCH traded as low as 3.32 on August 5th and 3.33 on August 6th. Looks like those levels get tested tomorrow.
Again, the question to ask yourself is this.....Is the market valuing the HDD business at less than zero or the OIS business at less than zero? This situation cannot persist much longer. Only 3 possible outcomes...the HDD business shuts down, the OIS business shuts down, or the stock doubles/triples soon. Place your bets accordingly.
I think the stock will recover very quickly as long as Q2 revenue is above year ago and Darren voices continued optimism for Q3 and beyond.
All my price predictions stink of late....seems reasonable to me for the stock to be at 48 cents heading into earnings and then +3 to +5 cents per week for the next 6months thereafter.
If they could do as you outlined, I would be fine with it. I just hope they have the brains to wait until the stock is much higher.
75% chance shelf is never used, even when stock rises far above $1.
IF they were to raise $15 or $20mil via the shelf, they would use it to buy something....a small company, a brand, a product line, something......and that scares the beegeebers out of me.
There will be much more demand for the stock when it is rising past $2 or $3 or $4 than down here in the dumps. Remember, the company is performing fine, guidance is good, rising tide in their markets, insider buying, EPS of 10cents THIS CURRENT FY, etc.
The stock is simply disconnected from the company, that too will change. This future offering will either sit on the shelf forever or maybe it gets partially used when the stock is OVERVALUED and rising at 10X current price. No different than what INVE recently did, no different than what NAVR/SPDC did.
If you want the stock to go up, buy shares. Simple as that.
Appears to be an endless supply at .398. All conspiracy theories are garbage, someone with a bunch of shares simply wants out, nothing more, nothing less. Shelf is simply in place just in case the stock rises 10 fold and can be used to fill the coffers, nothing more, nothing less. Cheers.
Which is correct? Stock is down because....And S3 because....
A. One or more large owners wanted out and there were simply not enough buyers. S3 is because a much higher share price is anticipated within two years and Mad Catz wants the option to use their stock to raise capital.
B. Several deep pocketed retail guys or slippery hedge fund operators want to buy more shares so they have walked it down to where some shares are finally being shaken out. S3 timing is a lucky coincidence for the manipulators.
C. Same as B except S3 timing was done to aid the walk-down.
D. CEO wants more institutional ownership/support but the only way to get it was to wink wink nod nod during the Roth and Needham meetings and agree to get the stock to where it is a sure-thing lock. S3 was added fuel to aid the walk-down to sub-40.
E. Several large owners knew the S3 announcement was coming and they have been lightening for many weeks in anticipation of the market's reaction. S3 is because a much higher share price is anticipated within two years and Mad Catz wants the option to use their stock to raise capital.
This post is just pure fantasy/guessing/imagination. Cheers.
PS: The Sep 30 short interest report isn't going to show anything either way because the settlement date for yesterday and todays trading isn't until Oct 1 or 2 or 3. If the stock remains sub-45, the mid-Oct report will be the one of interest.
PPS: Many company's make it a standard practice to always have a shelf on file....just in case. Most never get executed. Just another tool in the savvy CFO's toolbox.
PPS: I added a few more shares today....405ish
Not one person on this message board (including Joe and Norberto and maybe even Darren and Alex) know ANYTHING about future MCZ stock performance. This has been proven year after year after year. Bulls like me have been proven wrong countless times. Bears like meifud have been proven wrong countless times. The bears only show up when there is blood in the water and "after the fact"....when MCZ stock is already circling the tank. Both Bulls and Bears are eventually proven "correct" simply because a broken clock is right twice a day, no other reason.
I think all of us simply have to admit that MCZ is completely disconnected from Mad Catz. We have to admit that DR feels once per quarter communication with shareholders (via cc) is enough (and if I were him, I would also think that is enough).
We also should simply admit that sometimes the simplest most obvious answer is the correct one......MCZ went down because there were more sellers than buyers, Mad Catz issued the shelf because they believe better times are ahead and they want to be ready for whatever opportunities that brings (meaning a capital raise when the stock is significantly higher). Admit that MCZ is not unique in the stock market, anyone here who follows many other small companies can name a dozen examples of stocks that have performed even worse during the last couple months, and they too have good balance sheets, growing revenues, and are profitable.
Will MCZ ever rise above $2 again? Of course, look at the 15 year chart.
I feel better when I don't ready this board....so off to the treestand I go.
Just walked in the door....geez, what a ugly day all around. Not sure if this was discussed or not, but many microcap stocks are being hammered down hard today....the Russell 2000 is down well over 1%. A company like TA announced great results and profits and is down 15%, a little gold miner CLGRF is down 10%, and several more in the same boat.
With MCZ, it is (as always) more weird than anything else. Yes, 1.4mil shares have traded but the number of trades appears very small, several 100k share chunks make up the bulk. Suggests to me only one or two sellers and one or two buyers. Sure a few of us continue to nibble but I doubt if that is what we are seeing.
The company needs to talk right now about what their plans are, even if it is just to restate what DR said in the last couple presentations and cc.
vtsi....likely me, I've been beating that drum for a few years....finally starting to move, and for all the right reasons.
My first reaction to the S3 was disgust and "you've got to be kidding me." But the more I've thought about it, the more I like it. I believe DR with his 1.2mil shares and countless options (many above current share price) and other officers with the recent option grants at 56 cents and insider buys over the last year or two are going to do very well with whatever breaks.....and you and I will go along for the ride.
I always want to see a company err on the side of action rather than inaction.....unless they are already going great.
How soon does everyone think we are going to hear more details? Sept 30?, Oct 1? Early Nov earnings release? When?
First, let me preface this by saying I believe VirTra is correctly focused on what is MOST important. Running the business and continue growing revenue and earnings. They already have a very good track record for the 3 most important things...revenue growth, earnings, strong balance sheet.
This is my WISH list of further improvements the company should (and likely will) be making:
1. Begin to provide some sort of forward guidance when you release earnings. It doesn't need to be xx revenue and yy EPS. It can be statements such as ...."We expect FY15 revenue levels above those of FY14 with growth in earnings and net cash." Even reminding shareholders and potential shareholders of the lumpiness in Q to Q results is just fine, but do provide some sort of guidance.
2. Begin to talk about uplisting to the OTC from the current pink sheets. Talk a bit about the requirements, how most have already been met, and the timeframe and pros/cons of this sort of uplisting.
3. Begin to schedule a cc with earnings release and offer a Q&A. Even if you simply start be taking pre-submitted questions or address FAQ that Rudy Miller hears, that would be a great start and appreciated by all.
4. When you do receive a large order, talk about when the revenue will be received, approx. how much in each quarter. Again, just provide a bit of guidance.
5. I know some agree with this and some do not, by I firmly believe that allocating a small amount of money each quarter to buy back and retire shares is SUPER IMPORTANT. By small amount, I mean about $100,000 per quarter....this would have a meaningful impact on the 158mil outstanding shares within a few years. Just please start chipping away. Please.
Cheers All. Company is worth multiples more than 11 cents ($17million).