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Definition of "handily"

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Both of the dynamic duo have recently used the word "handily" to describe their meeting the goal of relisting by 3/31. The dictionary says it means:

handi·ly (han'd? le)

adverb

1.in a handy manner; deftly or conveniently
2.with no trouble; easily: to win handily

What do you think it actually means to these guys with their outstanding track record of delivering success and meeting deadlines? Probably the day before 3/31, and that is only with a little luck.

Posted by sharpinvestments - 14 years ago

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I think you are barking up the wrong tree - it is time to "get on board" - the train is going to be pulling out pretty soon and you do not want to miss it.

Now till Mar 31st - Relisting

Mar. 31st - end of the quarter

May 15th (NLT) - Earnings/forecaster going forward

June 30th (NLT) - Russell 2000 inclusion

June 30th - end of the quarter

Aug 15th (NLT) - Earnings/forecast going forward

Sep 30th - end of the quarter

All that without anything good that might happen. Sales should begin to strengthen. BH & Hedge Funds will be taking their paydays as the stock goes up. Institutional Investors migrating to the stock. $20 by the end of Calender 2011; $30 by the end of Calender 2012. Only sad note is that the world is scheduled to end before they can announce the 1st qtr of 2013.

Overall - exciting times ahead. Wish I had another truck to back up.

Satbob

Posted by Satbob - 14 years ago

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Well said Satbob,

"Only sad note is that the world is scheduled to end before they can announce the 1st qtr of 2013"
CLASSIC

Posted by GARIF - 14 years ago

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I think it means 8-10 weeks from now.

Posted by dlog - 14 years ago

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I will say this. If and when it gets relisted it will become marginable. that could have a huge impact . . . if the price of the stock were higher. At $5 per share you can't borrow much, if any, margin against it. (I don't think you can margin any unlisted stock.)

Posted by dlog - 14 years ago

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i heard it said at the shareholder's meeting (my sources will remain confidential!!) - -that the SEC hates Vitesse.

but they remain committed to re-list by EOMarch.

i remember in my forays with Dynegy, that we heard the banks were so pissed at em that the first time they went to NYC, they didn't get coffee, rolls or lunch at the meetings. years later they joked that the banks were rolling out a spread on their arrival!!

i expect that the re-list was pulled last year cause of the criminal investigation - -not the purported accounting flaws.

no one would have known how deep the charges would go - -and the SEC wouldn't have wanted to re-list, as they referred the case.

also lotta work for the corp. - -dump email files, hand over memos, maybe even searches and server confiscations. give em credit for keeping it all hush hush - -in the past, folks have posted on yahoo boards that the feds were in the building!!!

imo, this try should go much better.

Posted by daWiley1 - 14 years ago

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I also feel that "this try should go much better"

As long as there are enough willing participants. The market in general, has lost a tremendous amount of volume over the last number of years and as it sits now the market is very much extended and ready for a correction to play out soon. just in time for the relisting to occur.

if this is not a problem for Vitesse to propel forward, then those of us loooong time holders who have averaged down will hopefully be seeing some reward for our investment.

Let's hope that Perna is really pushing some product!

Posted by christ3opher - 14 years ago

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Hate? sounds like the excuses i hear around my community(ghetto) on a regular basis! "They won't hire me, the Mexican's get the jobs, bank won't lend me money but the mex..." Evil me responds but that mexican(from Chile) showed a welding certificate for the welding job, that Mexican(from Honduras) actually owns a home, thus the bank... unlike my section 8 friend.

i believe strongly that if Vitesse follows all necessary procedures, SEC, NAS,DAZ etc will respond in kind. The question is, has yonker taken care of business.

Hatred is dead right?? we don't let silly feelings get in the way of doing Right, RIGHT??

Peace

Posted by GARIF - 14 years ago

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I regret to say I have to go with dlog's best guess of 8 - 10 weeks. I base this on years of disappointment with both CRG and the company. Much as I may wish for change, I see no signs forthcoming.
Regarding margin dlog; are you looking to purchase other stock by margining VTSS or looking to buy VTSS on margin? If it's the latter, you're crazier than me!!
Best to all. Colin

Posted by Colin - 14 years ago

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My real definition of "Handily" would be anything before March 15. After that you are just "meeting" the deadline. My 8-12 weeks was a oblique reference to this time last year when our fearless leaders said they would be list in 8-10 weeks (but they failed to tell us which year).

I have to agree with you daWiley that something caused them to put off the listing effort last year and your guess is the best we have right now and probably the right one.

Colin: there are only a couple of things I have learned over this experience and one of them is I am most definitely crazier than you. Although i am not planning on buying any more VTSS I was hopeful the fact that VTSS could be margined would increase the total buying capacity of the stock and allow others to buy more freely than if it were not marginable. But at $5 per share it is moot.

Posted by dlog - 14 years ago

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I agree with Wiley's comment also....but all it means to me is Vitesse didn't get an OK from the SEC before the Mr. 8-12 Weeks started talking. The SEC had their rubber gloved hands up the Vitesse rear end for the last 4 years and Vitesse had ALREADY announced and paid a settlement in 2009. It wasn't like a criminal investigation came out of the clear blue sky....just the ongoing amateur hour at Vitesse.

CRG had previously been successful in telling Bob Chapman to shove it when Chapman made an attempt to try and get some shareholder value out of Vitesse. He may be attempting the same things with Whitebox......because in theory, from what I have read, Mr. Redleaf tends to force some changes in the badly managed (but still good) companies he puts money into. But all the same people at Vitesse are still there....and I don't see a lot of top flight semiconductor jobs available for CRG that would pay him what he makes now.

I won't make any price predicitions, simply because they will be wrong, but if Vitesse gets re-listed on schedule I agree with Satbob (I am just Mr. Agreeable tonight)....it may be a small truck...but there is room to run. A good chance to trade if a person has shares in their IRA.

I was wondering and ready to moan about how come Vitesse wasn't doing any investor conferences....as it fed into my paranoid thoughts on new screw jobs coming....then Lo and effing behold, Vitesse announced Signal Hill conference.

I feel like CRG did it just for me. He must be psychic or something.

Posted by altrfan - 14 years ago | Updated 14 years ago

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I would not margin a steaming pile of dog shit to buy one more share of VTSS. But I would, however, margin one of my shares of VTSS to buy a truck load of a fresh steaming pile of dog shit.

But that is just me.

G

Posted by G - 14 years ago

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