S&P Global Market Intelligence gives Vaso a "D" rating -- its absolute lowest.
How many quarters now has the company been hiding the results of its $18 million purchase of Net Wolves from one of its own directors?
Before the purchase Vaso had about $14 million in cash. Today it has close to just $2 million.
The company released its first quarter results yesterday. Was there an announcement? If yes, I haven't seen it yet. But why bother, the results are so poor. But why bother from management's side, if Ma can keep drawing his inflated salary and the chairman and/or compensation committee do nothing. Hey, isn't that fiduciary breach -- a CEO continuing to take a salary that's grossly disproportionate to the corp's financial results and the fiduciaries who should rein it in instead just acquiescing?
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