Viscount Systems (VSYS)

[nynewbie]

Hey Ted. Those items were all in place before the first CEO left in 2014. Since then the company has been one big WTF mess.

Basically they are limping along, the class a shareholders are reaping huge (useless) share dividends, revenue is stale. The only hope is renewed vision and management but who knows where that will come from.

The revenue seems somewhat stable, they've been forced to cut costs after Raefield but that's not what I was here for, a .01 stock and stable sales.

A few things I noticed:

Revenue. 2014 revenue was $4.1 M US. 2015 Revenue was $4.8M US. The company announced a $2M software agreement with the US Government over 2 years. The first software was $800K so it appears that the operational company sales actually shrank a bit.

Marketing expenses down 22%. This is just part of the insanity. The company spends years developing nexgen technology and then decides not to market it.

R&D - company plans to reduce R&D.

It's just me but maybe the company should be spending money on marketing and R&D not executive pay and foolishness.

Executive compensation. Sieracki is getting payed over $200K to drive a $4M company into the ground. Sad

Lawsuit. Viscount was suing the ex-CEO for all kinds of alleged misfeasance and somehow settled by paying him 3M options and 3M warrants. Sounds like they didn't have much of a case omg.