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ByloCellhi

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ByloCellhi

Re: Paul P post# 10185

Tuesday, 10/26/2004 2:16:35 PM

Tuesday, October 26, 2004 2:16:35 PM

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Paul

Here is the balance sheet - quarterly and yearly. Read them for yourself and make your own conclusion:

http://finance.yahoo.com/q/bs?s=VTSI.OB

http://finance.yahoo.com/q/bs?s=VTSI.OB&annual

Resolving the debt has to be a priority or the alternatives you state would need to be considered. Current Assets $302K and Current Liabilities $9,846K - which is why they are in default of the debts referenced in their SEC filings

Negative Net Worth ($9.3M)
Retained Earnings (14.4M)- the amount of losses since business inception

What do you think?


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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