Viratech Corp. (VIRA)

[themuppitman]

From the yahoo board:

"My company shot the titles for "Say It In Russian" and we are still waiting to be paid. These guys use and cheat small vendors and investors for their own gain. They should be ashamed of themselves. I was told that Imperia has NO MONEY by Ken Eade in January 2009. I guess investors and vendors should not expect anything soon. George and Ken are liars and cheats."

So even if Say it in Russia makes money it sounds like they are broke and have vendors to pay back. Then after that what is to stop them from taking out any additional funds in terms of wages/expenses?

Add to that trust in the market place is in the crapper because they are not providing updated financial info (the big stop sign on the pink sheets) and they never came through on the dividends they owe shareholders. Until they can keep their promises to people, like shareholders, and vendors then my opinion is that the market is not interested in the company any longer. This board used to be filled with hundreds of people posting. After breaking promises such as setting a date to pay dividends, then not coming through, people stopped caring. In my opinion you cant get that back unless you start keeping your past promises.

If you look at past finance disclosures Ken and his wife paid themselves for the script for the movie as well as many other things. I believe Ken had in there that he is entitled to pull a six figure salary from the company. I'd have to look it up but in any case my point is that there is nothing to stop them from pulling out any money made and putting it in their own pockets through expenses and wages.