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welcome back to the misery
I know you are not "fish". Just saying i miss reading his BS.
We miss you "Fish"
No need to hire a new person i am pretty sure they have enough employees at the company to promote. If unpromotable they should fire a few starting with Ferris
"15 years to build out" - are you kiding me if Ferris was unable to build it out in 15 years we shoud find someone who can do it in 2 years and pay him $1,000,000 a year. If Ferris stays on for the next 15 Years he will cost $4,500,000 in total and the stock will remain at .15.
Wake up and smell the coffee - or out in Arizona the cactus.
Teeroy - you must be getting paid under the table by VTSI to promote Ferris
I understand but did he announce it yesterday
Does anybody know the results from ballot of the Board?
was there talk about the BoD vote? how many for and against?
still here and still have my shares. we have shareholders like Heavyhitter or does not realize Ferris is the problem
never will happen - the vote will be 52-48. Also anybody that does not vote they consider a yes vote
my guess its his shares that he is selling and August 11th we will probably find out he is stepping down and they will be looking for a new CEO.
they have my 140K shares
Has anybody tried to call Ferris. Part of his role and job requirement is to respond to shareholders phone calls otherwise they are in violation of SEC. that is why they hire a IR company. so either Ferris or the IR comapany MUST call you back.
does anybody know how we can verify how many shares are that your from the postcard that was sent? I want to make sure all my votes are counted
when i was at the meeting a few years ago we almost had a 50% against vote - I think it was 48%-52%. Ithnk it was regarding the options. I should have press for a true count and not a % count
Its our fault - not Ferris
3 years ago I said Ferris should be fired from the CEO position and we did not act.
Now a new anual meeting and we still cannot get a "real shareholder" on the BOD ballot.
Please who is at fault? US, the shareholders.
We need to unit a 50% shareholder majority to stop the board on being elected in August.
Lets unite. Can we get a list of shareholders and do a mailing
did anybody else get Annual meeting August 11th
he probably sold at $5.00
BOb's way to get it to $750 a share. Secretly have a board meeting and overnite do a 200 to 1 reverse stock split
if paragraph #1 occured that would be illegal and lawsuits will happen.
if that is what occured then Lawsuits will happen
i still have over 100K shares of this stock. Sold only 4.5K and have another order in to sell 4K. I am selling small amount of shares on the way up.
FYI. with no news and such large purchases on opening my guess its a takeout and Ferris cannot comment
The is more of a reason that we need a freindly board member on the BOD. To protect the shareholders - which is not being done right now
You should call Ferris directly - HE MUST RETURN YOUR CALL as that is part of his job. document all calls of you trying to reach him. Record the calls. If they say get in contact with IR do the same.
FYI - if they do not call you back or speak to you they are not following there fiduciary duty and you can hold them responsible.
FYI - a corporation's board member has a fiduciary duty to the shareholders
maybe its time to lawyer up
Maybe our "Genuis CEO" wants to purchase MVIS assets so he also can lose 25 mill a year and put us into bankruptcy. only time will tell.
Maybe he will hire the sales people they would fit right in the way VTSI sales people work
So many posibilities OUR "Missing " CEO has to screw us more
looks more and more like a buyout as they are trying to keep the price between $3.75-$4.25 if it goes higher than that they would have to offer more then what they are offering now. my guess the offering is $5.00 - $5.25.
20% overcurrent price and 30-40% then the trailing 30 days.
Idf it was a run up it would have hit $7 or higher.
I would accept a buyout only because I know FERRIS just does not get that he is a terrible CEO and the price of the stock will go nowhere.
Unfortunately he probably will get a sweet deal.
i will sell you my shares for 1/2 of the $17 you are looking for
IMO - looks like a buyout -
i sold some
it was approved by a very slim margin if I am not mistaken 52% - 48%
$4.00 thats when i start
will we hit $4.00 ????? $3.96 now 3:32pm
Maybe I am wrong - premarket is at $3.80 - i still feel we will get "f" at the end
its way too low but look at the facts:
1) Ferris will only look out for himself and probably knows he is not a good CEO. sells his shares for 3.mill then gets a huge position at the buyout company with large incentives - probably wort 10mil.
2) buyer was buying at $3.30-$3.6 anything over that was probably investors jumping on the bandwagon
3) the buyer probably purchase over 5% of the company yesterday.
4) Compnay is worth at a minimum $5.00 a share - how do i get that $5mill in cash, 11 mill in backorder (worth 5 mill in profit) - 1.5X sales - this company is being treated like a mom and pop shop. Truthfully it should get 3X sales the true value ($8 a share) but Ferris does not carre about his shareholders.
for less then $10 million cash you can purchase this company - the rest in debt and reissuance of stock.
lets see what happens
Was thinking about what happened yesterday. Nothing about what is happening in the USA. IMO a buyout at $3.60 is coming. BOB gets a nice position at the company with a huge compensation.
All is good out on the Island. Nbody has reached out to me regarding the shares but 100K would be available for $4.00 a share right now.
All time high was in the $7 range but closed in the $6's that day. its $5.00 lower then that high
this company is perfect for a takeover and/or taking it private.
has 5mill in cash, 11mill in back orders. currently showing no profit (imo being hidden). valuation 17mill.
for 25mill heres what you get and you problaly only have to put up 5mill real cash.
1 -you put down 10mill (but remember its only 5 mill as you have 5mill in the bank)
2) backorder of 11mill is probably worht 5-6mill in profit
3) on going of the company probably will spit off 3-5mill in profit without any increase in sales but cleaning up wasted money spent on employees and rent.
so a purchase off 25mill your ROI would be over 10% or you can call int 15mill purchase price and your ROI would be over 20%.
even if the purchase price is at $4.00 per share it makes sense for a buyout.
FYI - I am will to sell over 100K in shares privately if offered the right price
basically i feel no good comes out of the S3.
my take on the S3
They do not need money so
1)Ferris wants out
2)Poison Pill?
3)trying to purchase a company - (ferris cannot handle this one why should he purchase another one)
4)scared out takeover
5)Ferris is scared out shareholders
Damn I am good - did i not call it a few weeks ago
time is now to add our shares together for a takeover. its now or never. we all might disagree on the leadership but we all will lose any attempt to at least get 1 person on the BOD if not done now. We can stop Ferris and yes we can do a class action atleast to try and stop F-Ferris.
lets start counting our shares and show power. we can get 30-35% no questions asked as we did a few years ago when we almost stopped board member elections 48%-52%.
he pulled the same BS with the reverse stock split and then again with another reverse stock split. We might be able to go after him on the second stock split as if you all remember he 1st wanted a 20-1 but realized it would fail so he went for 10-1. then a year or 2 later went with a 2-1 reverse essentially getting to his 20-1.
well unite or we all will get slaughtered by the wolf's
I have meet him once and spoke to him many times. Unfortunitely I was once a beleiver in him but after meeting him 1.5 years ago at the annual shareholders meeting I feel he is not a leader nor a good CEO. Yes, he is very smart but arrogant. He should stepdown from CEO.
I own over 1.5% of the company.
And yes I was also a shareholder when the DUCHESS was around
the deleted posts (48545/46) were mine. I was very harse about two posts and I said nasty thing about "Our fearless leader Ferri" and accussed to posters of being friends/workers of Bob. I guess I was right.
HE MUST GO.