Viscount Systems (VSYS)

[nynewbie]

I really wish I could drink the same Koolaid. I kinda feel like the guy at the back of the room who isn't bowing and waving his arms with the crowd as the cult leader speaks.

"Revenue and earnings are what it is all about, and so far the trend is in our favor."

Loss before other items for the three month period ended June 30, 2014 was $2,231,523, as compared to a loss before other items of $293,196 for the three month period ended June 30, 2013, an increased loss of $1,938,327. Of course if you remove the cost to investors for accounting for the CEO and friends "modest" stock options the loss for the year has only about doubled.

Now given that revenue is increasing due to the Immigration orders one could expect some increase in overhead but - Selling, general and administrative expenses for the three months ended June 30, 2014 and 2013 were $2,729,210 and $869,354, respectively, an increase of $1,859,856 or 313.9%.

This should scare the hell out of all of us. Seems to me that they could have probably gotten the orders anyways without the empire building and then perhaps both revenue and earnings would have been positive. Just IMO.