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Re: VisionaryInc post# 49720

Thursday, 04/13/2017 2:36:26 PM

Thursday, April 13, 2017 2:36:26 PM

Post# of 81999
Your belief in Mark is commendable, but I'm not sure entirely warranted. In my opinion he operates the company with the same sort of fuzzy, unfocused, attention that he responds to some of the more challenging questions put to him. A case in point is his announced intention to allocate the vast majority of the proceeds from the recent share offering to printer purchases. Going beyond that, he announced a loan to Morf3D for additional printer resources. Is the company now focusing on relatively low-margin contract printing or are they a high-margin integrated software/hardware company focused on sales and follow-up services to end-users? To my knowledge Mark has yet to disclose whether he actually followed through on his stated intentions of how he would expend the offering proceeds. But assuming he does buy the printers, what happens if his "anticipated,projected", etc. revenue forecasts don't come to fruition this year? Another reverse split announcement would put the company out of business. And, what of the million dollar note? Has this been repaid, or has a portion of it simply been loaned out at 3% less interest than the company is currently paying? Finally, regarding their consideration of merging with Morf3D: The two companies combined will have a total of fewer than two dozen employees, both housed in business incubators a thousand miles apart and neither of them profitable. No matter the technical talent in the combined enterprise, unless there is a much stronger business focus than their has been demonstrated until now, I don't see much hope for their success.
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