News Focus
News Focus
icon url

OraclePhoenix71

11/06/24 7:42 AM

#13022 RE: Konaploinks #13019

Kona: The problem is money and the company's financial state. It is tough to attract investors when you are delisted and the IRS is on your back. You'd need a CEO willing to bring his own capital to the party to pay the back taxes, complete a forensic audit, and likely refile years of corrected SEC filings on top of the missing ones. Len isn't that person. You can market a bag of crap as a vase of roses, but as soon as you get closer, it's apparent what it really is. The technology was never worth what Port and others claimed it was. Even putting that aside, if the company was financially sound, a competent CEO could make something of it. Unless someone comes in with millions of dollars to clean up the mess, there's little hope for VCSY.
icon url

Fencman1

03/11/25 10:01 AM

#13417 RE: Konaploinks #13019

I am tired of all the excuses. Who is Len? I've never heard that name. VCSY went from one corrupt board member that is guilty of embezzlement to 5 board members that does not seem to know what is going on. At this pace I will be one of the 300 year old getting Social Security.
Why was Wade protected from being prosecution? Seems there is shady stuff going on for years now. Shit or get off the pot.