Spoke to Investor relations I spoke with Walt Carlson VROT's Investor relations man. He gave me an overview of where they are. Still sounds like significant sales are still a futute event. Not much new information beyond previous PR's regarding restructure to direct sales to the biggest potential customers etc.
They will continue to struggle with financing for the next 1-2 quarters (or mote) with the hopes of seeing revenue from sales to begin to pay their way mid 2005 of later.
The 10Q report will soon be released. But based on what I heard there is not a lot to look forward to yet. So I don't think it will get very exciting here for quite awhile. It will continue to take a lot of work to get their products accepted on a large scale. They are not really at the "word or mouth" stage where the industry is abuzz about their product.
It does sound like they are successfully demonstrating the benefits of their additives but there is no sales momentum established yet in getting the marketplace to adopt their products.
We are still in the very early stages of introducing this to the industry so we as investors must understand this will take in my estimate 6-18 months to really get exciting.
Unfortunately I invested to soon. I'm down about 70%. A buy and hold from this point may be quite profitable but for those looking for a quick turn profit forget it IMHO. Maybe a pump newsletter may produce some short term spikes but sustainable PSS rise isn't likely to be seen until later next year.
ThSeeker
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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