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Re: gemmerling post# 9400

Tuesday, 09/14/2004 12:30:38 PM

Tuesday, September 14, 2004 12:30:38 PM

Post# of 53801
Greg

If you actually read my posts and digest the facts I try to say pro and con.

Smith's post was right on and my response below advised IMHO what was needed and it was not negative. Exchanging the debt for stock at reasonable dilution would be a good thing as stated in the message you copied. I again provided some analysis unlike many who post here....

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Smith

Great post!!! Some real analysis for a change...

You said: "Then the share price is being held down by the Company ie Dutchess selling."

I have said for many months now some of the selling pressure is the Dutchess equity arrangement with the company getting their working capital there. Plus Dutchess sells stock ongoing when they can so they can can make $$$ and are not left holding a large position should the company fail. A very real risk with the low revenue and high debt.

I agree the company cleaning up the balance sheet will be a huge plus if it occurs.

But the real kicker needed is profitable revenue to make the company cash flow positive so they do not continue to go in debt, have to continue to sell stock and start to make $$$.



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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