Viscount Systems (VSYS)

[nynewbie]

I agree the Q3 loss was positive and they have some growth. However if they hadn't gone on an orgy of hiring and capital improvements they possibly could have been profitable for the last 2 Qs. Raefield keeps mentioning that the new people aren't performing and that the US Government systems are driving growth so if he had simply stayed the course and not decided to "hire to grow" rather that "hire as you grow" they'd be better off.

I don't doubt that the old CEO has sold some shares, that his friends have as well and that we are see some tax loss selling. I would also think that the private placement buyers from the past few financing that were done around .06 took some profit. Yet, the CEO really blew an opportunity to promote this stock based on the positive financials, patents and US gov't progress. The insiders are not buying at that these prices and I would guess that the board including the CEO have the lowest ownership % of any company I've ever seen. So, there is no liquidity and not many buyers and that's a shame and falls on the lap of management.

That said the stock is trading lower than a year ago, lower than when the CEO took over and around 60% lower than earlier this year. For small stake holders perhaps more patience is in order but VSYS does have some large stock holders and I can't imagine that the people who bought over $2M in .09 shares earlier this year are calling the CEO to wish him holiday wishes on a job well done. To real money the price of a stock is really all that matters.