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Re: 5cap post# 15355

Tuesday, 08/02/2005 8:29:25 AM

Tuesday, August 02, 2005 8:29:25 AM

Post# of 53844
5Cap

"I suppose they used financial projections, the same projections more or less that were shared with the various debt holders to make a good case that it would be smart to take shares for debt. Do you know if those projections were ever shared publicly?"

Has anyone seen a business plan or proforma statements? As I have said before this company appears to lack financial management.

The only financial person I can see on the employee list is Kimberly who is described as secretary and treasurer and appears to be a joint employee for the both Jones and Cannon and VTSI.

From the SEC filing:
"Kimberly Biggs has for the last 15 years been legal administrator of the Arlington law firm of Jones & Cannon (which provides legal services for us) as legal administrator, a position which she holds to this date."


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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