Wednesday, April 08, 2015 2:42:42 PM
Then after several attempts he got ahold of Thomas. Thomas has a company powerpoint! He knows nothing about their plans, nothing about their financials, nothing about their products... nothing that's not on the powerpoint, which isn't much. Apparently he sounded more paranoid about saying anythingthan educated about the stock. But he suggested in the future if an investor needs details they should send an email rather than call.
He did say might do investor relations at some point and said they'd be targeting institutional investors. When it was pointed out that that most institutional investors are barred from investing in the OTC Thomas said that the company is participating in a tradeshow. When it was pointed out that a tradeshow isn't an IR activity Thomas asked my friend what he would suggest.
My friend said that there is no retail support and that perhaps the company should target retail investors through social media and perhaps partnering with some of the penny stock sites etc. Thomas said they company isn't willing to anything illegal like a pump and dump. My friend told him that promoting a stock is only illegal if it is based on fraudulent misrepresentations and that Viscount has more than enough ammunition to do ethical promotion.
I can't remember the rest but basically appears these guys are being paid to answer the phone without any training or knowledge of the company. So much for Raefield's Q3 announcement of bring some real pros onboard for Q1.
Based on the 10k it appears they are paying $7500/month + $5000/month in stock for this. I've heard that chimpanzees are cheaper and probably more informed.
I would welcome someone else to call. They've only been on board a few months so perhaps we're being too harsh to expect the IR guy to know .....anything.
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