Viscount Systems (VSYS)

[nynewbie]

A few comments:

Their head count is up about 5 so whether the cash burn is +/- 10k/month depends on revenue. Hopefully Q2 is strong, otherwise Raefield is smokin. They have $$ so they should be hiring more sales staff and increasing the burn to hit their revenue targets. I care about top line growth, not about short term break even.

I''m still waiting for Viscount to say something new. The US Immigration Government relationship has been done to death and has nothing to do with new management. The FICAM process was already in place and the old engineers as you say "anticipated" the requirements so good for them. The product enhancements he discussed were done at least a year ago since I sat in on a webinar where the mobile apps and QR code were both discussed and demonstrated. The old IR guy told me I believe that the QR code app has been is use at Microsoft for about a year.

I guess all I can do is keep hoping for the best and try to feel positive that Raefield can take what was handed to him and be successful. I'll take the $8M in US Government contracts at face value. Go vsys.