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ByloCellhi

10/25/04 11:49 AM

#10166 RE: SirFelix #10165

Sir

I agree - as we have discussed before resolving the debt will mean dilution but improving the balance sheet and positive cash flow will be a very positive step.

Price predictions as of 12/31 I see so far are:

Sir Felix $.65
Bylo $.25
Paul P $.29
Gemmerling $1.00
Charlie2 $.50

Be well
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billpr

10/25/04 11:59 AM

#10167 RE: SirFelix #10165

Sir Felix: No way 9M in debt can be wiped off the books..The problem is the short-term debt for which VTSI is already in default. It would take probably 3-5M in sales, possibly more, to generate enough free cash to handle the short-term debt..The only obvious solution is to issue more shares or sell the company..I'm open to suggestion if anyone can come up with other ideas..ANYONE???