IN Vestor, another one-thread wonder, I see. Let's look at one of your wonderfully prescient posts from January, 99.
<<I also find FMK's numbers compelling.>>
FMK's numbers, which I challenged when he put them out, have now been totally discredited. He claimed $3 billion in annual revenue from 6 production lines. Now VLNC says they hope to get to $76 million in annual revenue within 12 months.
<<What I have heard from various sources lead me
to believe that financing will not be very
dilutive. The CC deal was execellent>>
We are now seeing just how excellent this deal was.
<<Of course naysayers will continue to interpret the
financing in the most negative light, probably citing
imminent bankrupcy even after P.O.'s are reported.
The reality has been far different.>>
The naysayers were right.
<<I also expect a contract to be announced before the
end of this quarter, or early next quarter, and
I also agree that the stock now, before a contract,
is much cheaper than it will be after a contract
has been announced.>>
No contracts yet. And the stock continues to get cheaper.
<<As for the lack of spending on sales personel, that issue
was raised at the last cc. Lev stated that he would like to
hire a Sales VP (obviously getting the new CFO on board is
a much bigger priority), but that they don't need much
sales manpower because they deal with a small number of
customers who will be buying in large volume.
I will be very surprised if they deal in contracts under
$20MM.>>
Now Lev says to not expect a $4 million contract.
<<Still, until customers are actually announced,
this is obviously not a risk free investment.>>
Well, at least you got one thing right.
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