Stash,
I don't know if time is running out on the product. They have announced some nice contracts and they have the seal of approval from the government which sometimes moves very slowly, especially with all the carp that is going on in Washington right now. What I haven't gotten a good handle on is what kind of revenues will they need for profitability with this new product. If their cash burn slows because of increased revenues or if they can start to show a bit of a profit here while sales are ramping up, that will be a reason for me to stick around. But if they continue to show lack of a path to profitability despite a ramp of sales that we should be seeing over the next couple of quarters, then it might be a sign that I will need to start unloading a good part of my position here. The end of the year, as you have mentioned, is a good timeline to see some improvement in these parameters for me.
VSYS management has been pretty conservative over the years. I am thinking/hoping that this last stock deal will bring in enough cash that they won't have to go this route anymore as long as they are on a path to profitability. I would think that all the stock moves made last year had to made because they thought they had a good shot at a decent increase in the share price, either through being acquired or becoming profitable. I would hope that the share price staying stable here despite the new dilution is a sign that most investors still have confidence in the company so I am taking that as a positive for the company. Am I deluding myself? Maybe. As always, time will tell.
Good luck out there.
Neal
Market Data 
Markets 
AI
