Viking Systems Inc (VKNG)

[ssc]

The more you look at the numbers, the more something smells really bad. Viking CEO and BOD sold out for less than 2 times sales, and that was based on selling 10 units/quarter. Kennedy ramped up manufacturing capabilities for 50 units/month if I recall correctly. Recently he talked about 3D being the future of laparoscopic surgery and how we were at an inflection point. And now he can sell only 10 systems in a quarter? Seems like with a reasonable effort Conmed will have bought this company for almost nothing. And what about China? I don't know what kind of deal Kennedy, Mathews and the BOD got out of this, but it sure looks like the shareholders got screwed. Let the lawsuits begin.