The second very good conversation I had was with:
2) Kenny Hill. It was a very good conversation and he gave me a very respectful amount of his time. We discussed his vision and plans for Victory and the opportunities Victory is positioned to take advantage of. I feel very good about Victory for the first time in more years than I can remember. Kenny understands the business and how to grow the company through acquisition. I think he definitely has the banking and investment banking relationships behind him to successfully complete a major acquisition that will allow Victory to move to NASDAQ or the NYSE, which is the plan and the path that management is on. They tried to do the Merge/Acquisition with Lucas Oil, but there were problems that came out in discovery and due diligence.....unfortunate, but it is a risk of business. I think we are fortunate we have a CEO with the experience he has so we did not get stuck in someone else's mess.
I have suffered through two Reverse splits from previous management, and my break-even is about $10 a share....I plan to bring that value much lower in the coming weeks.
For the first time, I feel Victory shareholders are in very good hands. Our valuation and our share price is very small, and I expect that to grow tremendously in the near term. I think we can't go wrong buying the stock down here when no one else is buying!
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