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VCST.OB

Started by gmarc66, December 08, 2006, 12:20:15 PM

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gmarc66

Nice chart...did just break over the gspot on low vol today....wondering to see if it will pull a nice gpattern breakout.


glta


shipman

#1
Absolutely love this setup. I'm in

shipman

Cisco among others as customers.  Digital Media Encoder.   It's in everything to do with streaming video.  Excellent :D

shipman

#3
    This stock should come on strong soon.  You can tell by the chart it's being bought.  22 million float, with 25 mill o/s.  14 million market cap.   
      I would jump on it if it starts going up  Monday.  Increase in volume will propel this thing higher in a hurry.  Would be prudent to watch the open, Maybe buy on a morning shake.  If it opens lower, wait for a .54 break before entering.  I doubt it though--  should go higher.  IMO

buddjas1

#4
Per the latest 10QSB:

Net Sales. During the three months ended September 30, 2006, net sales increased by 2.7% to $3,299,321 compared to the same period net sales in 2005 of $3,213,971. During the nine months ended September 30, 2006, net sales of $9,740,754 increased by 17.5% compared to same period net sales in 2005 of $8,291,440. The net sales improvement was principally due to sales growth of video systems. We expect continued sales growth as new products begin to ship during the fourth quarter of 2006 and into 2007. During the third quarter of 2006, ViewCast began shipment of Niagara® GoStream, which is a product that focuses on the creation and presentation of video and audio on the Internet with a single-button operation.

     Management expects continued sales growth as new products begin to ship during the fourth quarter of 2006 and into 2007 and as orders are fulfilled from a recently signed original equipment manufacturing ("OEM") contract. As a part of the ViewCast's ongoing business development strategy of partnering with international technology companies, an OEM agreement was signed on November 2, 2006 with one of the world's largest leaders in Internet networking. Under the terms of the one-year renewable agreement, orders have started to be placed and shipping begun for a supply of Niagara GoStream and PowerStream Pro equipment.

Fundamental Information:

Shares Outstanding:  25,630,000 shares
Float:  19,400,000 shares
Institutional Ownership:  2.3% (590,000 shares) by 4 institutions
3Mo. Net Purchase: 532,000

buddjas1

Does anyone know what VCST's revenue is supposed to be from the Cisco contract?  I wonder whether VCST has a chance of turning profitable in Q4.

shipman

Don't know if it will be that soon.  But, VCST should gain traction here, visability will get better as the roll out continues.  All I can think about is how small the market cap is, and if these products become standard.   ::)  I would think that the market cap would at least jump 10X.   

shipman

#7
Well here's the shakeout.  Low volume.  Acting like there's nothing here you want.  Nice opportunity at .48.  Market hasn't woke up yet.

shipman


shipman

Looks like it wants to go higher :D  48x51

shipman


shipman

#11
Finished well,  51 X 52.  If it ---Breaks--- .54.  Then enter.  That's .55.  If it drops below .45 I'm out.

shipman

This sounds good.  Market likes it.  I like it too. 8)

--------------------------------------------------------------------------------------



Press Release Source: ViewCast Corporation


ViewCast Reduces Debt by Over $9.2 Million
Tuesday December 12, 9:00 am ET 
Ardinger Debt Conversion Strengthens Balance Sheet


PLANO, Texas--(BUSINESS WIRE)--ViewCast Corporation (OTCBB: VCST - News), a leading global provider of high-quality audio and video communication products, today announced that H. T. (Horace) Ardinger, former chairman of the board and a principal shareholder of ViewCast Corporation, and the Ardinger Family Partnership, Ltd. have agreed to the conversion of $9,259,582 outstanding debt.
ADVERTISEMENT


The terms of the conversion call for a combination of the issuance of 80,000 shares of unregistered convertible preferred stock with each share having a stated value of $100.00 with voting rights on an "as converted" basis with the common stock and the issuance of 2,862,687 shares of unregistered common stock. In conjunction, a seven year warrant was issued to purchase up to 2,500,000 shares of Common Stock at an exercise price of $0.48 per share. The preferred stock provides for a conversion option to common stock at $0.60 per share of ViewCast common stock with an early conversion discount of 15% during the first twenty-four months. ViewCast and Ardinger also entered into a registration rights agreement.

In addition, the parties entered into an amended and restated loan and security agreement for the remaining $1.25 million primary principal and $3.89 million of accrued interest or secondary principal which shall be due December 31, 2009 subject to certain earlier payment conditions. The primary principal amount will bear interest per annum equal to the prime rate plus one percent (1%); provided, however, that this rate shall not exceed nine and one-half percent (9.50%) prior to December 31, 2007. Interest on the unpaid accrued interest amount shall accrue based on the effective Applicable Federal Rate and shall be paid in full on the maturity date. The new note is secured by all the existing liens securing any of the prior outstanding debt.

"For a number of years, Mr. Ardinger has provided guidance and financial support for ViewCast during the company's formative years and initial growth phase. During this time, ViewCast has become widely regarded as a leading global provider of high-quality audio and video communication products," said George Platt, chief executive officer.

"ViewCast is gaining momentum," said Ardinger. "I am excited about the business prospects for ViewCast, and the time was right to convert the debt to provide further momentum for the company by strengthening its balance sheet. I am confident that the steps management is taking will position ViewCast for continued growth in 2007 and beyond."

"Over the last few years we have made progress in reducing debt, increasing revenues and monitoring expenses to improve ViewCast's financial position," said Laurie Latham, chief financial officer and senior vice president finance & administration. "This debt conversion and the recent signing of the original equipment manufacturing (OEM) agreement with a global network leader are two significant accomplishments for ViewCast this year. Besides improving the balance sheet, the company will save a substantial amount in interest expense. We believe that the completion of these transactions will result in moving ViewCast into a new growth phase for the years to come."

The common stock, warrants and convertible preferred stock issued in this transaction have not been registered under the Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements. This notice shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.

About ViewCast Corporation:

ViewCast develops video and audio communication products for delivering content dynamically via a variety of network types and protocols. These products include Osprey® Video capture cards, Niagara® video encoders/servers and ViewCast® IVN enterprise software and systems. Our products address the video capture, processing and delivery requirements for a broad range of applications and markets.

Visit the company's Web site (http://www.viewcast.com) for more information.

Safe Harbor Statement


shipman

This stock seems asleep most of the day.  Sticking to the plan.  Sure hope it gets some volume.  zzzzzzzzzzzzzzzzzz     zzzzzzzzzzzzzzzz  zzzzzzzzzzzzz 

shipman

There it is breakout at .55 ;D