Friday, February 16, 2018 5:44:32 PM
What I think might happen is for Ferris and BOD to agree to go forward with the cap raise at $2 or $2.50.
Hayden and Boustead desperately want new shares in new hands. They see that as the most certain way to increase trading volume. They despise shareholders like me that have mature positions and keep holding those shares and only add here and there.
I know I sound like a broken record and I apologize for it, however, I know Ferris reads this board and I keep hoping he will follow some of the advice being given here. At the very least, one would expect him to understand why 20% of his current shareholders are disgusted and to perhaps take the obvious actions to get VTSI to some sort of fair value at $4.
+50 cents if they formally cancel the cap raise
+25 cents if they become SEC registered
+50 cents when they announce Q4
+50 cents if they provide clear decent guidance for 2018
None of this is mysterious, all of it is obvious. So that begs the question about why Ferris refuses to provide an update and why he therefore seems so content with a falling stock price and a sub-market market cap.
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