I agree with most of what you said earlier even admit that refering to the absence of comments relative to getting listed on another market was let's say not in tune with the other question I raised (see my post 1084...copied hereafter).
As for the timing of the release, I never was critical about its schduling and accepted all along that it was to come out at the end of the quarter as originally committed by Matin (having it earlier as he said later would have been nice but "before end of quarter" was still fine for me to get "some" reassurance that this company was for real (have been burned before with PS stocks). When Matin came back to us saying there was to be a delay of 10 days, I felt he was very likely serious and more than doubled my position (see a previous post of mine at the time).
Regarding TextileDrunk's I am not tired of him consideringI haven't seen his (and many others) garbage since few days after his arrival on the other board. What I do not understand however is the continuous motivation he gets from those reading and answering his garbage. As a matter of fact I stayed away from the other board for 2.5 months and came back to it last week (this board was pretty quiet) to very probably leave it again after I go at it in few minutes considering what I saw within the last days.
This being said, like it or not, it's your absolute right, VLVT having its history, innuendos relative to Matin and numerous instances where we (many of us trying to sincerely beleive) expressed our frustration about news releases generally missing references to credible potential sources, I certainly did not expect the last extremely important release (for sake of establishing credibility)to not address the issue of credibility by showing up the name of an unreachable unfindable audit firm.
Without spending $200,000 (may be in the context it would have been very much justified)using a firm that can afford a website or being in the yellow pages (may be they are but nobody yet seems to be able to find them) would have been very smart. Short of it, giving shareholders information about that firm helping shareholders to find out about them would have been better than nothing (what we got).
O.K. they made an error (who doesn't?). Fine. Then correct it by either updating your release (frequently done by many) or issue a new release addressing the valid concern of the market.
The alternative: 24 hours after the release of an otherwise great one, your stock trades (bid) at current EPS, never mind the forecasted EPS.
In all due respect.
Here is what I posted yesterday (1084) morning at around 9h14 (45 minutes after the release came out):
Posted by: pual
In reply to: None Date:4/15/2003 9:14:14 AM
Post #of 1095
Interesting
Revenue increase 2001-2002 = 38%
projected increase 2003 = 150%
35,000,000 or 42,000,000 shares outstanding (???)
EPS = $0.03
BV/share = $0.23
Share repurchase program coming
Looking for
Who is Aaron Sherman & Associates, Inc?
No comment about getting listed on another stock market???
I feel much better about this "bet" but look forward to obtain credencials of the auditing firm to declare it a speculative investment.
Will be real happy that being done and the stock being taken on a real stock market.
AI
