Today, Wednesday, Feb. 1,2012 was the second day of positive gains to the Vitesse shareprice.
today 460,241 shares were traded to the plus side. up .22
while yesterday we ended the day at 3.05 on 267 shares traded.
the volume has improved and hopefully the upcoming call on the 7th is a good one.
Yahoo message board has some interestingly positive posts.
A couple of them by "Callawaysmasher". One where he explains how most of the new Vitesse design wins take many years to actually show any revenue. It's alot more than a typical simple design into a mass production type of scenario.
One of the most recent SEC filing Form 4 by William Martin shows that he has purchased an 8% Convertible second lien debenture that is due in 2014.
For this all to be able to convert, Martin must be a holder of less than the limit of 9.9% of shares. Presently he is much higher than that amount. This is why Martins funds shares are the ones which will be fueling the trade of shares that will help drive the shareprice up significantly over the next couple of years.
The conversion price on all of this is $4.50 and expires on 10/30/14
So, will William Martins place in all of this be the "market maker"?
Lets hope that things begin to playout because the alternative will not be looking good at all to any of us long term bagholders.
Posted by christ3opher - 15 years ago | Updated 15 years ago
KInd of too bad there was a few sales yesterday by key officers at 3.25. Chris dumped a few of his. Just received notice via email and checked the SEC filings. I think I read the articles correctly and the shares were all sold. Again, not many but the thought of a sell is irritating to me at this time.
Posted by sstockss99 - 15 years ago | Updated 15 years ago
sstockss99,
I believe that the most recent sales had to do with automatic tax withholding.
If you look at SEC filing 4's for all four of the officers that sold:
under heading #1 "explanation of responses" states that:
"shares automatically withheld to satisfy tax withholding obligation".
I think that this goes on every year to pay the tax bill from all the freebie shares that are passed out.
Posted by christ3opher - 15 years ago | Updated 15 years ago
Thanks for your update christ3opher...I feel a tad better now..understand that they do sell to cover for taxes when needed.. Automatic is the key word. Now to get the share price higher!! GL
Posted by sstockss99 - 15 years ago
Wouldn't it be nice if CRG purchased even a token amount from his own funds like Lou used to. It sends a message that he believes in the company and it's future. I guess he feels why buy shares when he has/gets so many at NC.
Posted by Techinvestor - 15 years ago
February 8, 2012, day after first quarter earnings release.
Volume was 892,811 shares to the upside gaining +.61 for the day. Now at $3.80
There have been numerous posts added to the yahoo message board, with many different posters. Many who have not been seen in years. I would say the positive easily outweigh the negative.
Posted by christ3opher - 15 years ago
Possibly a bit of publicity because of the nasdaq greatest gainers chart published earlier tonight...at least the information is positive.
http://online.wsj.com/mdc/public/page/2_3021-gainnnm-gainer.html
Posted by sstockss99 - 15 years ago
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