Victoria Lake Inc. (LVCA)

[MaryDV]

Just went out to SEC filing February 2011. From a quick scan, stock based compensation is (properly) much larger than the cash fees. The stock grants are high, but it's worth nothing at this stage of the company for insiders and affiliates. Given the cash burn rate , I understand the need for "down round" equivalent financing. Unfortunately, for us, they got into this situation and now have to have a big flip for all of us to get something out of it. I would expect they have some motivation to have a high exit. They will become wealthy. If they fail, this will become known throughout the broad investment community and it will be harder to start another company. (The world is much smaller than we think.) It always pays to look out for the investors.