Viscount Systems (VSYS)

[Boogins]

I would guess that of the few of us here none will be going to the annual meeting in Washington next week. However the week following the company will be hosting a conference call to announce quarterly results and that will give us a good chance to get updated on what has been going on.

It will also be a chance for those of you who doubt the new CEO...you know who you are…can listen in and judge for yourselves whether Dennis Raefield is honest and straightforward or not. Everyone here knows how I feel.

My expectations for this quarter are modest: flat to slightly rising sales and no net change to the bottom line, but what I will be interested in hearing is Dennis's view of the marketplace, and whether or not he thinks he will hit his previously stated goal of $8M in sales this year. I will also be PARTICULARLY interested in hearing about the new Director of Sales and to what degree he will influence the bottom line over the next few quarters.

The valuation here is still very very attractive as long as the company performs as promised. I wouldn't expect the moon just yet, but we do deserve to hear that the plan he laid out to investors is in the active phase of execution.