For all intensive purposes both have been MIA for the better part of the year.
As CEO and COB they did not fulfill the most basic responsibility of public company officers- to report material news and file its qtrs.
This goes back to spring...and prior to releases of FIRST open house where it was represented that VCOR was still the supplier of VGPR.
The only inkling of issue with vcor was revealed by the COB of vcor wearing the hat of CEO/COB of vgpr sharing the product of vcor was not up to spec.
This was never released by vcor - and no update to indicate any issue with production or to qualify any earlier release..... thumbing their noses at shareholders who accepted in good faith all that was represented.
A close reading of the past releases, dates, and the discovery of lack of ANY corresponding activity on the part of vcor (at the second open house) is very very troubling.
The CEO after dropping the sale news bomb ...no lead up..no other news...no qtr filing....and with few days timeline to what was supposed to be follow up..... walked away immediately after., washing his hands of all (though unclear if his hands ever touched the company in a meaningful way - except to accept shares).
Whether the remaining COB is / is not working on behalf of shareholders ( i assume including himself)...is unclear...timelines passed - website down - no one to answer phones and no sense of obligation to update what is very past due Vencor news...
No personal judgements -all drawn from releases and (lack of) reports, and most depressing the results.
In less than one year, the mgt team took a cleaned up company and drive it into the ditch, diluting shares, not performing on ANY release, and winding up at a defacto bid of .0001
I am not sure how mgt looks at themselves...knowing sincere investors...knowing this is a speculation...but with the faith of ethical practice , timely reporting, and transparency.
Now all we can do is hope that whoever has stakes is interested in moving this forward , far and away from the past....pick up from a year ago....and hopefull restore some value.
I do hope that the remaining stakeholders (perhaps including former mgt - though hard to see how their shares have been earned given results) are representing common shareholders and not some new sad twist
Nice to shed some light please.....
