History as long as it with the same CEO tells everything! A leopard can not change its spots!
Also a string of failures with no successes also tells a lot.
Even a Biotech needs a string of success before it gets a FDA drug approval and even then needs needs to be successful at marketing the product. A string of failures for a biotech before FDA approval is a sign of doom, no future funding, laying off employees, etc.
Yes, financially most start ups are a struggle unless they are well funded to begin with, but the proof of success is in the execution and market acceptance of a product, which VLDI has neither.
So yes the spin stories are the equivalent of a coat of paint over rotten wood!
BTW never expect the doors to close in the penny world since they simply rinse and repeat!
The important thing is not to stop questioning. Question everything (Albert Einstein), because Fools rush in where wise men never go!
