Viscount Systems (VSYS)

[finrafriend]

Any bonus would be absurd. The changed from the 120k version of a CEO to the $250+ version and he lost $4Millliooon since taking over.

In terms of vision, the industry is heading to wireless devices, secure authentication and NFC. Viscount has a strong portfolio in this area that they should have invested in. Instead he spent their R&D money on a new version of their old intercom that will be lucky to bring in a few hundred k/year. Get it?

I agree with you last point but that's why he has to go.

Finally, the markets don't lie. There are obviously people closer to the company than we are who are selling (including new investors who are taking their lumps to dump) and the stock is down about 80%. For example, their chart was fairly stable until last Sept. when the latest round of investors became unrestricted and then the slide. These guys received some warrants so since things were looking softish I'd guess that some started selling around cost and left the warrants for their profits later.

My guess is that the CEO is having some bad days and the investment bank is getting some what the *&%^% calls.