Wednesday, May 16, 2007 10:45:26 PM
Can you for a moment read the full SEC filing - the world of VTSI is pretty bleak. Not sure if you have taken finance 101 but IMHO the losses, negative cash flow and non payment of debts and taxes cannot continue forever.
You asked me to comment on this "When one considers that we already have 1.5 million dollars in firm purchase orders yet to be booked, six-plus million dollars in active bids, potential large multi-million dollar project awards from our partnerships with certain prime defense contractors, and several prospective international clients with imminent large orders, all in advance of the fall 'high-season,' I remain confident 2007 will experience unprecedented growth," Major General Dalby concluded."
No mention of profitability or positive cash flow from the CFO - yes General Dalby is the CFO as well. Soooo more stock sales...and at $.03 that's alot of shares.
My comment on the statement - L Kelly Jones made that statement and ones more promising every quarter for years - "company changing deals" - none came to fruition. What makes you think they will this time??? 6 RFP's - the close rate hasn't been very good.
With negative net worth company owes $$$ if dissolved.
Pessimisstic - NO - REALISTIC
Remember this post from 11/05 and my suggestion to take $$$ off the table when the stock hit $.20
http://www.investorshub.com/boards/read_msg.asp?message_id=8517170
Good luck - sell this dog before you end up with nothing at all
These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company
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