Vita Mobile Systems Inc (VMSI)

[Steponit]

This story about Nolan Quan seems like something a shorter would make up. Not saying anyone is lying, but I can't imagine why someone who owns a ton of shares of a stock would tell ANYONE, let alone some cold caller that he's had it with the company he's invested in. That would be like committing suicide. People don't do that. And even if he doesn't like the way the company is going, it doesn't mean that it's going the wrong way. Maybe they realized changes to the whole concept needed to be done to make it profitable, and that's what the delay has been.

Sorry, but the whole story just doesn't sound plausible. But I'm not going to call Nolan Quan, because any reputable company officer would tell me, "sorry, but we can't talk about anything at this time because that would be unethical and wouldn't be following SEC guidelines for submission of material facts", or something like that. I can't imagine a company officer throwing a tantrum and telling a stockholder out of the blue that they've had it with the company.