RE:VXS 105% upside
excellent find. should have never traded under $1.50. I paid an average of $1.92/share and know that this will do extremely well given everything that keeps coming forward. our recent Toshiba contract should have sent this move up not down but finally this is recovering a bit. we also had the sling contract and we still moved down--either people are manipulating this equity or investors don't know its worth. the justification has always been that the company had $25 million and went down to $19 million which it has on hand--well folks it takes money to make money and when trying to fill purchase orders that will always be the case--many other companies don't nearly have the amount of capital on hand that this company does and then needs to dilute their shares--I don't anticipate that the company will do that--$19 million is quite a bit of cash on hand if you are down to $2 million that will become a problem. but you know something I shouldn't be surprised--espial had $11 million and was down from possibly $15 million (can't quite remember) and investors over there were not happy--it traded as low as .30 and then rocketed to $3.23--now that's another one that is getting hammered for no reason other than it being quiet in between an update on its Samsung contract so it went from $2.85 all the way to its current $2.15--I suspect it will get to around $3.00 level providing the update from Samsung is favorable and I don't see why it won't be--the way I see it--there will be some sales vs none before filling the orders/contract (lol)--same as what is going on here--yes, there will likely be money that will be needed to fill the order so that will be a bit of a loss most likely on the next quarter but it's not likely we will fill orders to lose money--we're not a small cap that needs to prove itself--we have design wins and are well recognized and getting recurring contracts like the sling one so I think people are being overly hard, unrealistic, manipulative to wrangle cheap shares--any or all the above but these are unjustly down and when the chips are down I strongly believe that will be proven. have a wonderful weekend everyone-- glta