Viscount Systems (VSYS)

[nynewbie]

Happy Holidays to you to. This being a religious season I guess if we recognize that Jesus turned water into wine and multiplied fish and bread I guess we can also believe that Dennis can start Q4 with $600k in the bank , burn the same $600K he's burned every Q ( or more with the new hires) and still have $600k left every Q. As I mentioned they better have a $2M Q4 or this makes no sense.

As an aside I noticed that Scott Sieracki is the new VP Sales so perhaps you are right about the sales hires since in April they also hired Michael Pilato as VP of Sales. To have 2 VP's of sales for a $4.5M company means they must have hired a ton of sales people to keep 2 VP's busy.

Yet, I did call my friend who knows the company more than me and he said he thinks that Raefield has hired around 6 VP's or senior management for sales, engineering, marketing, production, and tech support. There were a bunch of mid level and admin hires as well. He guessed that they have only added one direct sales position.

So perhaps the old CEO may have been "incompetent" but at the same time he must have been some type of dynamo to have designed all this technology and managed the whole operation without an addition $100k/month in overhead.