Even if I have close to no faith in this bet turning out to be good, I still cannot figure out what the s.h.i.t this is all about.
If I try to beleive this to be a scam, it is very easy to argue for but why in the world would someone trying to steal money from the market then run, behave in such a way that he has to sell millions of shares at 3, 2 or even 1 penny. Would not have taken much to do exactly the same at 5, 7 or even 9 cents???
On the otherhand, if I try to beleive this to be a mismanaged difficult situation I also can find some arguments and (logical?)explanations offering hope. Considering the mood of the VLVT shareholders right now, I should justify this statement somewhat:
1- Victoria Duff has good publicly available credencials and no one proved them wrong up to now. She apparently is still around.
2- Earlier a transportation outfit was acquired and few months later, the ex-owner was taken out by Matin for presumably good reasons.
3- Some time later, Veltex acquired Go-Vacations for whatever reason and now the ex-owner is also out for no given reasons (with the number of lawyers looking for work in US publicly talking may be very costly)
4- V.Duff "apparently" said recently that because of international considerations, producing audited financials is more time consuming than expected.
...
COULD IT BE POSSIBLE (very big interrogation mark) that Matin, whatever he did in the past, honestly tries to setup a real company but trip over many unforseen obstacles such as bad partnership decisions?
COULD IT BE POSSIBLE that Matin is naive and and not competent enough to know when to trust and beleive people and when not to?
COULD IT BE POSSIBLE that Matin doesn't have enough experience in the business world to understand that publicly made commitments are either met or very destructive?
COULD Matin be a good operator and a very bad manager?
....
Those beleiving they know this to be a scam will think this is totally impossible and those trying to beleive this to be a real opportunity will enjoy these questions.
Personally, I do not know, I intend to sit on my shares (they are not even worth enough for me to sell them), and run my bet till we find out the final outcome of this story.
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