As a shareholder, all I care about is stock price, not SEC filings. Besides, we get more information out of "friends and shareholders" letters then any PR or filing could provide anyway. Am I happy? An absolute NO.
I wasn't happy when Virtra, under Jones, sat around hedging the debt while hoping the big payday would come in. I didn't poo-poo on Virtra's efforts, just their results. Same with Dalby who spent a lot of his time repairing the damage and increasing sales, but again, I'm unhappy he didn't finish the job he started. He retreated under pressure.
Virtra tried the lawyer approach (smoke/mirrors), and the military approach (brute force), and I guess now Virtra is taking a differnet path, the engineering approach (math).
$150,000 per year to maintain status is still too high in relation to the low revenue. The benefits don't seem to outweigh the need for the extra cash at this point. Hell, the savings could be used for IRS payments or marketing/advertising.
No spin, but like before, I'm not going to poo-poo a new idea until I see it in action and evaluate the trends.
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