Insider activity - Siskinds should reference that shareholders were encouraged by Allen-Vanguard actions, and statements:
Oct 16th/08 http:- $100 million U.S. Department of Defense (DoD) specialized training program contract that can't be detailed - //www.globeinvestor.com/servlet/story/CNW.20081016.C6760/GIStory/
From the Nov 13/08 PR - globeinvestor.com
We have recently signed a teaming agreement with a global electronics and communications firm for an ECM opportunity with an expected potential value to Allen-Vanguard of more than$100 million over two years. We are also in active discussions with other global players to take several of our product lines into more markets and programs. At this juncture we see limited downside risk, attributable mainly to timing of ECM orders as we and others in our industry await clarification of defense spending priorities following the U.S. presidential election. As against that, we see upside potential from our new products, in particular Micro Climate Systems, vehicle blast seats and personal counter-IED armor, as well as opportunities to improve our product margins."
- Dec 15/08 - $15.3 million contract for blast protection seats
globeinvestor.com
- VRS CEO said July 2nd/09 "...we expect to finally see quantity orders for Symphony systems now thatU.S. Supplemental funding has been passed and is in place for theserequirements." globeinvestor.com
- July 13/09 - Bank approved VRS access to additional credit, globeinvestor.com "This reflects the continued progress with our Lenders in gearing covenants to the variability in our business," said David E. Luxton, President and CEO.
Their Information Resources department IRONSIDE advised that they were remaining long - see iaden's post Message 25956842
"Personally, I still see lots of potential in this company, and am still long myself."
PLUS
An "Insider" at Allen-Vanguard, VP R&D and Chief Technology Officer, Aris Makris, purchased 50,000 shares July 9 - (Correct me if I am wrong - but wasn't that during the "grey period", when they weren't supposed to be allowed to do that ?)
Then we had Luxton buying 500,000 Nov 14th/08.
Allen-Vanguard Corporation (VRS) As of August 14th, 2009
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jul 14/09 Jul 09/09 Makris, Aris Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.140
Jul 14/09 Jul 09/09 Makris, Aris Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.135
Apr 24/09 Apr 20/09 Adams, Robert Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.150
Apr 24/09 Apr 17/09 Adams, Robert Direct Ownership Common Shares 10 - Disposition in the public market -30,000 $0.135
Apr 15/09 Apr 06/09 McWhinnie, Cary Direct Ownership Subscription Receipts 38 - Redemption, retraction, cancellation, repurchase -42,601
Mar 27/09 Mar 20/09 McWhinnie, Cary Direct Ownership Subscription Receipts 57 - Exercise of rights 42,601 $0.285
Mar 27/09 Apr 25/07 McWhinnie, Cary Direct Ownership Subscription Receipts 00 - Opening Balance-Initial SEDI Report
Mar 27/09 Mar 23/09 Cavaiola, Lawrence Joseph Direct Ownership Common Shares 36 - Conversion or exchange 9,777
Mar 27/09 Mar 23/09 Cavaiola, Lawrence Joseph Direct Ownership Restricted Stock Units 36 - Conversion or exchange -9,777
Mar 02/09 Feb 27/09 Makris, Aris Direct Ownership Common Shares 36 - Conversion or exchange 8,333
Nov 17/08 Nov 14/08 O'Dell, Philip Control or Direction Common Shares 10 - Acquisition in the public market 60,000 $0.150
Nov 17/08 Nov 14/08 O'Dell, Philip Control or Direction Common Shares 10 - Acquisition in the public market 20,000 $0.155
Nov 17/08 Nov 14/08 O'Dell, Philip Control or Direction Common Shares 10 - Acquisition in the public market 20,000 $0.145
Nov 17/08 Nov 14/08 Luxton, David Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.150 |
