My implication that this statement was niave is because it is impossible to unlink Vital from Stuart Turk, (metro one, on the go, cellular connection) He is their only current source of cash. They (you) are still paying him off in shares. I would venture a guess that the most recent 8k designating an additional 100k prefered shares is a new twist on this. It is also possible that this is related to the acquistion from Levine. Only they know. I know it means more shares.
I quote from the 8k
Effective April 20, 2009, we filed a Certificate of Designation of Preferences, Rights and Limitations with the Delaware Secretary of State designating 100,000 shares of Series A Convertible Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock").
More convertible shares
I wonder if your shares will ever see 0.01 again ?
Excuse me but they are whipping this stock like a rented mule.
I really don't think you have a chance IMHO
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