1. I agree about long lead times and last year's success would be attributable to 2012 efforts. Raefield was brought in as COO to run sales last January so if things stall he would be have to also be accountable as part of whatever is meant by the "old team". For the medium term the company ran into the new US regulations last summer and they are still in test so that has obviously killed a bit of momentum but the company will be in great shape once they pass.
2. Companies don't release what they don't do. I subscribe to industry news feeds and haven't seen VSYS mentioned for webinars etc. which they used to do on a regular basis. I've seen no banner ads, print ads, nada. I could be wrong. I know they did a trade show.
3. The IR guy who was fired by the board told me the COO hired several people last summer.
4. The CEO included the 50 US CIS sites in his AGM powerpoint.
5. Raefield has done several presentations to investors with forecasts that varied and provided another in his AGM PPT. I know Soundview says $4.9M which must have come from the company. Raefield was talking $7-8M in March and $6M at the AGM. I recall another somewhere. Just wondering what they stand by.
As an FYI the company forecast 1.3M for Q2 so we'll know in a few weeks how that went.
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