VIXS SYSTEMS INC T.VXS

Putting Money Where My Mouth Is

[illumination1]

and bought another 100 shares. unfortunately, I don't have much more to put in without leveraging against some of my other equities which I will not do as i have a good chunk in solar and i believe many of them have excellent potential. initially i traded like to like (one for one exchange with expial plus i had $220 to boot from that exchange which i was thinking to save but this under $2.00 compelled me to buy again)--like i said, four dollars up to including year's end--we wil be seeing more strong positive press releases--one of which i am expecting will be our jv with intel before the year's up.

glta

[charledfgu]

This post has been removed in accordance with Community Policy

[hoffbag]

Good to see the confidence. It will run a bit on Q2 earnings even though their guidance was a bit lighter than I had hoped for (10.9m rev). However sales are going in the right direction. Also with the equity raise coming I think they would like to push the price to at least 2.50. Don't think 4 is in the cards unless revs hit 15-20m+ a Q and they start to generate some cash.

[illumination1]

hoffbag, the way that i understand how people typically value an equity is by going by the 5-10 times the revenue to o/s in which case i am looking at the 19 million on hand to our roughly 50 million outstandings at five times this amount that would be .40 times 5 or $2.00 and at 10 times that would be $4.00 even to this point. but honestly, pricing an equity is actually very subjective

[hoffbag]

When they start generating cash they may trade up to your multiple. Highly unlikely their cash on hand will increase. They are still burning cash. B/E sales for them is mid-teens (re: 1Q conf call). They were projecting 10-15 million cash on hand at year end.

[illumination1]

hoffbag, the only thing i can honestly point out to is espial--why did i buy in here? because i see the exact same parallel with what is going on there. these are mirror images as far as i'm concerned and actually i strongly feel this is even better than espial for a very simple reason--espial as to my understanding is an application-- is software not a chip like over here. i had pegged

[illumination1]

there is one thing that i didn't mention and would like to add--any new technology that is being developed and taken through r&d will always cost a pretty penny. nevertheless, while this process is going on management will always consider the risk to reward of pursuing such technology. but if that is carried forward and puts a bit of a dent in their/our finances, that will be only