Too bad you don't have your 6 cent shares, they will have tripled by next Wednesday......and then tripled again from there within a year or three. VTSI is not the best choice for a flipper, volume is too low, spread is too high.
I do that sort of stuff with BAC...bought some an hour before the close yesterday at 12.78 and sold this am at 13.05. Spread is zero, volume makes it always liquid....and it moves around a lot.
Nice to have company here. We might be smiling within a week! Although I still think this is one stock to own for the next several years. Could go far beyond what anyone can envision today.
It is on the Fed Biz Opps website. Current share price is a joke, worth 50 cents TODAY.
They were just awarded a really big contract from State of FL. Its on the FedBizOpps dot gov website, $3mil min, $40mil Max.
VTSI is now a 50 cent company on sale for 15 cents.
My guess is we see a VTSI press release on Monday. They typically issue them for orders/contracts worth more than $1mil. At that point the stock goes much higher. Your welcome.
shares. About time. Buying 50 cent coins for 15 cents is always smart.
The trading also feels different to me. Doubt if it means anything since volume is still about nothing. To me it simply looks like 1 or 2 people with a million shares are exiting and another couple three people are building a position. We will likely never know.
oh lovely, you bought 50 shares and are now on the long side....when you sell them for 22 cents you can buy yourself a soda
have been absorbed by me and others. The last couple days would have required bids over .125 to even get any shares at all. I would guess it gets to 14 or 15 cents leading into Q1 announcement about May 15th.
Decent discussion over on IHUB if anyone interested on several topics.
I've stated the case several times on why it is undervalued based on both the trailing numbers and current year numbers. If it were only numbers, then my excitement wouldn't be so high. I love all the intangibles they have going for them......growing market, correct product for the times, Modern Round angle, the fact that every customer is well equipped to pay with pockets of unlimited depth, competition that is bigger and could swallow us, other companies in which VirTra would be a great fit, and on and on.
......yet you continue to care about it, follow it, and post about it. Me thinks you continue to buy shares.
The obvious reply....you guys should get a room. Just joking, making money is what it is all about and great to hear about success. There are quite a few predictable stocks right now which makes it fun, easy, and profitable.
No such thing as a Market Maker anymore. All these shares are traded via computerized automated exchanges. This doesn't mean someone isn't messin with it, just that it can be anyone and not just a brokerage or firm. I really wish they would create some panic. Even now you have to pay 60+ to get any shares.
All she did was pull out the ol calculator and punch in a a few numbers.......(0.0 x 100) + (.06 x 20) = 1.2 (maybe didn't need the calc for that, not sure)......(0.10 x 50) + (.06 x 20) = 6.2
Then she says to herself.....hhhhmmmmmm, would I rather have 1.2mil in net income or 6.2million in net income? 6.2 seems to be better.........so she says......better start working ourselves in that direction.
First roadblock....the guy who would rather have 100mil in rev at 0 margins. Done
Second step.....dig out from under the RB noose/commit....Done.
Third step.....allocate the finite resources to the 10% margin stuff....Done
Fourth step.....let the team(s) do their job (in process).
None of this is rocket science but it does take effort and guts and work and drive.
They seem to have said they no longer trust Genworth to live up to their commitments. So maybe just that simple.
Did a little more studying and noticed that the cash value of the life insurance had always been on the balance sheet so really all they did is cash it in and convert it to cash. Doesn't really change book value and really doesn't add to their liquidity since this money was/is always available to them. When I read your posts on the KTCC board I had somehow assumed this was "new" money.
Anyway, your question is a good one, why now and what are they going to do with it?
Great post bones. I have no worries regarding inventory since I would guess the vast majority of it is RB4 and many units continue to sell every week and it will go through at least the next xmas cycle as well. I think the main reason Mad Catz decided to distance themselves a bit from RB4 is so they could focus more resources on the higher margin opportunities they see in front of themselves. My guess is that Q1 may stink (simply because it takes time to transition/change focus/divert resources) but that Q2 and beyond will be really good. When I say Q1 may stink, I mean it will only be 10 to 30% better than the year ago Q1. So my choice of words was/is poor. Maybe I'm getting the micro disease? Cheers.
bonesid3, micro is being intentionally misleading. I do not know why, but he is. Mad Catz has plenty of cash and plenty of liquidity. Current Assets are about equal to Current Liabilities. This is not ideal but certainly not cause for panic. The company can go on in this fashion for literally decades. micro misleads by implying that all debt is due now/yesterday and that simply isn't true. At the end of Dec, Mad Catz had an almost $2mil cushion against their covenants. That cushion will get even better (bigger) as of the end of Q4 due to conversion of inventory to cash and the fact that AR comes in at a much fast rate than AP goes out. Simply a basic cash max exercise that any good CFO plays well.
If you want to convince yourself, look at the last 5 or 6 prior years to see what happens to the balance sheet between December-end and March-end. Then play that against what micro is selling.
understands why the avg daily volume is so low? With this sort of penny stock, one would expect avg volume to be 1 - 2% of outstanding shares which would be approx. 10million.
So, who owns most of the shares?
I consider it to likely be a good thing that avg volume is this low. Means all the stuff going on right now is nothing but meaningless noise.