posted
BANY: Increases Sales Estimates on its New VT3000 Nerve Conduction Velocity
Thursday , January 11, 2007 11:29ET
By Brian Edwards, bedwards*knobias.com
Banyan Corporation's (BANY) subsidiary, Virtual Medical Systems, Inc. ("VMS"), announces it has now sold 66 of its new VT3000 Nerve Conduction Velocity ("NCV") testing devices since November 2006. The VT3000 is a state of the art NCV device offering live viewing and supervision of testing by board certified physicians. These 66 machines are expected to add $1.58 million in revenue to VMS. The company, in an earlier release, reported that management projected 2007 sales of 144 machines corresponding to $3.4 million in revenue. Now, as a result of these increased sales, management has revised its estimates upward to 166 machines and $3.98 million in revenue.
Banyan CEO Michael Gelmon stated, "This is exciting news, but not unexpected. The diagnostic industry has long been waiting for the development of a machine with the properties of the VT3000. In December, 36% of the patients tested in our diagnostic testing subsidiary were being tested utilizing proprietary technology incorporated in the VT3000. We believe our technology should be the gold standard in the industry shortly. In addition, it represents significant growth and long term viability of the VMS model."
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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quote:Originally posted by before_the_crowd: BANY: Increases Sales Estimates on its New VT3000 Nerve Conduction Velocity
Thursday , January 11, 2007 11:29ET
By Brian Edwards, bedwards*knobias.com
Banyan Corporation's (BANY) subsidiary, Virtual Medical Systems, Inc. ("VMS"), announces it has now sold 66 of its new VT3000 Nerve Conduction Velocity ("NCV") testing devices since November 2006. The VT3000 is a state of the art NCV device offering live viewing and supervision of testing by board certified physicians. These 66 machines are expected to add $1.58 million in revenue to VMS. The company, in an earlier release, reported that management projected 2007 sales of 144 machines corresponding to $3.4 million in revenue. Now, as a result of these increased sales, management has revised its estimates upward to 166 machines and $3.98 million in revenue.
Banyan CEO Michael Gelmon stated, "This is exciting news, but not unexpected. The diagnostic industry has long been waiting for the development of a machine with the properties of the VT3000. In December, 36% of the patients tested in our diagnostic testing subsidiary were being tested utilizing proprietary technology incorporated in the VT3000. We believe our technology should be the gold standard in the industry shortly. In addition, it represents significant growth and long term viability of the VMS model."
This is huge. Stock doc sent me an email on this one and I didnt have money free. He said he bought 1 Million shares between yesterday and today.
I am in health care and being able to do Nerve cond studies for physicians in their offices is HUGE. It saves them lot of trouble of sending patients to neurologists and rehan doc's.
This has to go to a penny at least
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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posted
If you want on board... Hurry up!! There is still money to be made.. Keep it Green!!!
Posts: 22 | From: Maine | Registered: Jan 2007
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posted
Trying to figure the current O/S is tough with all the dumping that appeared to be dilution in December...
Past history says O/S was 484M on 11/10/06, 286M on 8/15/06, 220M on 5/18/06, and 95M on 8/12/05. I'd say with all those 9M/9M/6M trades that went through in the last 6 weeks or so that we are currently at no less than 650M - 750M IMO. I own a good chunk of this and will add on the dips, but be prepared for a dramatic jump (50%?) in O/S on the next Q. Still well below a Billion, so still relatively low in OTCBB-land.
That said, pay attention to what JimSC has given us, he's rarely wrong
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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Repost -- from Ihub: ****** Posted by: dooglearchie In reply to: ada who wrote msg# 5138 Date:1/12/2007 1:50:05 PM Post #of 5151
oops 4got about MLK day so tuesday gapper will suit me fine! UK rumors surfacing on some hedge play boards could be why the mm's are clearly loading up today! Get news of UK expansion with sales/rev #'s attached & this will blow up like that 1st assault on the penny recently
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
Looks like we have to wait for a few more days -- MMs need more shares at this level. Here is why:
******** Repost from RB:
By: blendininn 13 Jan 2007, 11:08 PM EST Msg. 7506 of 7507 (This msg. is a reply to 7505 by blendininn.) Jump to msg. # sales of that many[400] VT3000's would equate to about $9,000,000.00 in revenue & again not adding any VT3000's that will be sold in Europe this year..lets say half that will sell in U.K this year... $4,500,000.00..then..
total revenue of $13,500,000.00 from sales of VT3000... yeha...that # would turn the corner for BANY..sharply...we could get to .05 or .06 pps on those #'s imo... mega,mega strong buy folks
posted
GT, I sincerely hope you are only paper trading right now. You'll save yourself a ton of money by paper trading. I saw on the other thread you asked about MMs, and if you had to ask the question you are not ready to play the game. Not trying to be rude, just laying it out there for you.
If you are only just paper trading, then good for you, and I'm just an ass.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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I read level 2 quotes in MY OWN WAY, and each of us has his own way of looking at charts and stats. Level 2 is only one small part of figureing out what a stock "might do". Go to the site stockcharts.com. Learn how to read chaikin money flow pattern, 50 day moving average, etc. Know whena stock is starting its dilution, such as CBAY and ETIM. Know when to get in and out quickly. Know what stocks are being heavily flipped, learn the flip tech. Learn something new everyday, in one year you'll have the hang. btw look at the DOW and NASDAQ 5 yr chart. 2003 was very bullish and 04-06 were slightly bullish. 07 may have some pull backs , so this may be a less healthy envionment to make as much money as you could in say 2003. Learn the seasons. Sell offs for taxes starts middle of march, sell off in first week of May, summer vacation profit taking. Money starts flowing back first week of august. These last ideas apply less to pennies, and more to blue chips and small caps. Go to the beginners section, there are many great threads there, as well allstocks/homepage has a page devoted to beginners.
BANY is a Flippers stock.
btw disregard the "pumpers" posts. They'll try to suck in newbies.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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Thanks for sharing your opinons. We all have to start somewhere. Squire good call you hit the nail on the head. I'm just getting started in the world of penny stocks. However if I lost everything I had invested right now. I'm out a total of $100. This only a test run until I get the hang of it.
Thanks again, GT
Posts: 22 | From: Maine | Registered: Jan 2007
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posted
GT, Turn on your PM option. I'll send you a bunch of stuff via PM. If you are playing a hot moving momo stock, all you need is L2s to figure out what is going on. If you are going to get into pennies, DO NOT LISTEN to other newbies (Paul).
If you see something you do not know, try google searching it. After that PM the person and ask him/her for clarity. If you start by telling them you are just paper trading and learning, they will overload you with info.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
This news has been out there previously but good to reiterate since it was picked up by a third party with rumors of more news imminent. BANY) shareholders experienced a 3.85% jump on Friday coupled by 28,918,042 shares traded. It was announced recently that their subsidiary, Virtual Medical Systems, Inc. has announced that it has now sold 66 of its new VT3000 Nerve Conduction Velocity (NCV) testing devices since November 2006. PinnacleDigest has taken noticed of this adjustment and is evaluating the potential of this company to raise future capital. It should be noted that the sale of these 66 VT3000 NCV's are expected to add $1.58 million in revenue to VMS. PinnacleDigest will continue to research this company and be aware of any major developments.
The pharmaceutical world is moving at a quick pace and only the most practical and in demand products will find their share of the market. PinnacleDigest believes companies within this sector are tied to the overall movement of the industry. We closely evaluate the healthcare sector and its sentiment before reviewing a company such as Banyan Corporation. At PinnacleDigest we offer a unique approach to investing and are constantly striving to meet our client's needs. To continue with this review and find out exactly what we have to offer come explore us at www.pinnacledigest.com.Posts: 660 | From: california | Registered: Nov 2005
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