'I really don't believe this company cares much about stockholders. I believe they feel we are a nusance and not worth the bother.'
Unfortunately, not being competent as a business executive managing a PUBLICLY HELD COMPANY, that's what Matin's behavior has been all along. I beleive that all he understood is that by being a publicly held company, he had access to capital otherwise not accessible (issuing shares).
He initially tought that using shares to finance the company would be a short term strategy (he then was betting on the then very popular 'Synergy strategy' which (as many) failed miserably.
Optimist (but not realist) Matin tought this only was a temporary step back, he mortgaged assets hoping to RAPIDLY get them back when things would go better.
As of the BOD 2004, he did try to get back our assets by issuing new shares (shocking for those beleiving we owned them all along) but some shareholders (a lawyer, large shareholder in particular) got him to not do that.
I now hear that this issue (ownership of the BD operation) would since have been resolved ???
I finally hear that large shareholders did get Matin to agree that time had come to say it as it is and say it in a credible way.
Matin currently has people helping him and I beleive (but DO NOT KNOW) that the next months should bring us more than AF only.
Again, I live 3,000 miles away from our HQ, Matin sent me his last e-mail answering mine, almost 2 years ago (telling me to sell my share and go away) and I therefore rely on a couple of sources who seem to be closer to Matin than I.
This however is an anonymous message board and NO ONE SHOULD DECIDE TO BUY OR SELL based on what is read in here ONLY.
VLXC is a SPECULATION and, unless you realy KNOW you should only put money into it understanding the risk.
That's what I did (trading somewhat along the way) and still do beleiving the reward may endup having been worth the risk.
