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Re: Beantime77 post# 12261

Friday, 10/05/2018 12:43:02 PM

Friday, October 05, 2018 12:43:02 PM

Post# of 41910
Takes time and money to accomplish great things.


In VTNL's case, money borrowed with convertible promissory notes, that will make VTNL's shares worthless thru dilution, even if VTNL sales pick up.


Also, one doesn't launch a sound company on the basis of lies.
Just ask Theranos' CEO Elizabeth Holmes.


VTNL CEO mislead his hapless shareholders a great many times about the company's prospects.


There were about a dozen PRs about their $9 million in supply contracts, that don't seem to creat any actual sales.


And his latest lie is the "200" reps that the company purports to be "hiring". Come year's end, VTNL will have less than 10 reps, not "200".
That doesn't prevent the CEO to advance bold numbers about how many $$$ millions in sales those "200" reps will genarate ... in 5 years.

Well, at least he toned down his rosy predictions a little.

He merely claims that Q3 revenues will increase. The $1.5M promised last Q seems off the table now.


And the bogus Share Repurchase Program is over now. How many of you guys tendered your shares so they could be repurchased at $0.01 a share by the company ?